High interest rates and rising prices have pushed key measures of housing affordability to their worst levels on record,and experts say rate cuts won’t help.
The typical home bought in cash costs as much as $2.7 million in some sought-after pockets where buyers don’t need help from the bank.
An owner builder who spent $2,445,000 last year on an inner-city home and gave it an extensive renovation attracted four bidders at auction.
Sydney would be unstoppable if it could fix the cost of housing,the tyranny of distance and its obsession with rules and restrictions. We are let down by leaders who say the right things but act timidly.
Architects have come up with clever ways to live in terraces and small homes close to parks and playgrounds,and buyers are on board.
Four downsizers from the suburb and surrounds registered to bid on the two-bedroom,two-bathroom home that last sold for $570,000 less than two decades ago.
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It became her permanent abode after travelling the world and living in 37 other homes. But it has gone through several changes.
In a battle of the parents,a family upsizing from a unit won the keys to a cottage with a back gate that opened directly to a large playground.
One local who made a noise complaint about The Joey’s bid for extended opening hours has now made a whisper quiet $9.5m property sale.
How much is open public space worth? Council paid $2.515 million for one waterfront block in 2002,but are now willing to let it go.