House prices in some of Melbourne’s most exclusive neighbourhoods have dropped as much as 15 per cent over the past year.
This year was a buyers’ market in Melbourne as house prices fell,but buyers were still willing to spend big money for the best homes.
Another dad bought his kid a share house,a Bronte semi fetched $13 million and a Collaroy house increased nine-fold – but not everyone was so lucky.
It’s set on 1012 square metres and yes,it comes with the land. But the new owner will definitely need to do a renovation.
There has been a trend emerging of real estate agents delivering warts-and-all pitches to offload run-down properties in Perth’s red-hot real estate market.
The number of investors selling this spring reached its highest since the boom of 2021,even though the property market is now much weaker.
Tree-changing,downsizing,moving back in with parents – even households on solid professional incomes can no longer keep up with mortgages.
It’s an early Christmas present for the vendors of the glamorous contemporary home after months of waiting for the right buyer.
Perth home owners made record profits when selling,but there were exceptions,with sellers in one coastal suburb losing hundreds of thousands of dollars.
Most homeowners who sold their properties in the September quarter would have made a profit but a few cohorts would not have been so lucky.
Melbourne’s property market has been sluggish,but a handful of suburbs are in demand from buyers chasing lifestyle on a budget.