Two fierce bidders battled it out for the Port Melbourne pad,which overlooks the historic Princes Pier,sending the sale price well above reserve.
As the property market weakens and home values fall,some types of homeowners are waiting months to find the right buyer.
The solution to our housing crisis is to build where people want to live,in well-located areas,and not continue to fund money sinks.
Popular inner-city suburbs topped the list,and agents say it’s because owners of the best homes are holding out for a better time to move.
The agent took a punt of a different kind on Derby Day by taking the home to an online auction,reminiscent of Melbourne lockdown days,and it paid off.
My generation worked hard to buy a home and start a family. Now,in this housing crisis,we should be doing everything we can to get young people into affordable homes,where they want to live.
Conventional wisdom says property prices double every 10 years. But new research has called that wisdom into question.
High interest rates,a listings bonanza and investors bailing out have pushed prices lower,giving first home buyers some hope.
Sometimes a free latte is all it takes to brew up a bidding war,where four bidders battled for a renovated inner-west character home.
This is the puzzle at the heart of Melbourne’s housing affordability crisis:property prices have soared over the long term,but not for all properties.
Exclusive analysis shows just how out of reach Melbourne’s property market has become for aspiring homeowners on average incomes.