This Month
First home buy costs $1.28 million – and 858km
Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.
- Michael Bleby
One-bed unit, no car park – the price? Almost $1m
There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.
- Michael Bleby
The unusual move that made this seller $4.8m
Most people with a large block to offload would do just that, but this vendor developed it – and made a much bigger profit in the process.
- Michael Bleby
June
The 10-minute, $1.5m sale that was an afterthought
An interstate buyer paid $835,000 for in investment block of land, sight unseen. When they did come to see it, they bought the neighbouring block, too.
- Michael Bleby
Working from home option secures $1.8m sale
A Gold Coast home had a commercial side to it that put most buyers in the area off. So the agent went further afield.
- Michael Bleby
Downsizers from $1.9m house get help from agent to buy next home
In a low-stock market, some vendors are getting extra assistance – from their sales agent – to purchase their next home.
- Michael Bleby
Downsizers who ‘weren’t looking’ buy $3.6m home
Competition for smaller homes in established suburbs like Claremont is so intense that many downsizers plan to build anew. But if they see something suitable, they jump at it.
- Michael Bleby
May
First home buyers purchase from investors in $780,000 sale
This Central Coast home’s proximity to the M1 highway made it popular with tradies commuting to Sydney – and with rates outlooks stabilising, they were confident about buying.
- Michael Bleby
The complicated $1.8m sale of a ‘gamble’ that didn’t pay off
A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.
- Michael Bleby
April
Real estate agent doubles his money by selling own apartment for $6.5m
There’s a national shortage of suitable units for downsizers, so a man who sells them for a living has just sold his own home – at quite a profit.
- Michael Bleby
Buyer plays up strata cost fears before $2.47m apartment purchase
A local purchaser of a Gold Coast unit used the threat of an extra $25,000 special levy hanging over the property to try to put his rivals off.
- Michael Bleby
Welcome to Sydney, where a garage can set you back $500,000
The buyer of this neighbourhood space doesn’t have an electric vehicle. But enough people already do to make it an asset worth having.
- Michael Bleby
Showdown in the bar as ‘insane’ auction for luxury $4.8m home drags on
In a sellers’ market, the buyer of a newly built waterfront property had to meet a price the selling developer wanted – but she made him work for it.
- Michael Bleby
March
What this $1.3m sale shows about the value of housing
The vendor of an old house on a six-lane highway made it stand out in a sea of properties going to market as development sites.
- Michael Bleby
Why this semi sold for $300,000 less than a similar home nearby
Is it a property with a flaw or some other compromise? Buyers are becoming choosier, as the vendor of one house in need of a renovation found out.
- Michael Bleby
Pregnant first-home buyers pay $95,000 over reserve for 2-bed unit
A legal quirk reduced the competition for one young couple, who still fought hard for a ground-level unit they’ll move into – just before the birth of their child.
- Michael Bleby
Chinese buyer outbids locals by $1m for luxury Gold Coast home
A FIRB buyer paid $7.7 million for a newly built Miami-style mansion in Mermaid Waters – over $1 million more than any local offered for it.
- Michael Bleby
February
First home buyers don’t get a look-in as investors swoop
Rate-sensitive aspiring home owners hoped to buy one of three lots put up for sale by one vendor, but they didn’t even get to bid.
- Michael Bleby
The $2.9m sale that shows first home buyers are back
In one part of Sydney, the market has turned and higher-priced properties have become harder to sell while more affordable ones are booming again.
- Michael Bleby
The $2.8m house that gained $500 a day in value
New buyers took a gamble to buy and rebuild on a 405sq m Gold Coast block that had already soared in value. Ten days later, their decision proved right.
- Michael Bleby