A fast-paced auction ensured for the Richmond townhouse with a rooftop terrace,built by the vendor 15 years ago and then rented out.
It looked a fabulous prospect:living above a five-star hotel with a rooftop pool and gym. Then things went downhill.
The home passed in and eventually sold to the only bidders,a young couple with two children,who negotiated the sale.
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He realised he was now getting paid enough to think about saving for a home - but he couldn’t have bought his place without two pieces of help.
It’s been ranked in the top five of Melbourne’s most liveable suburbs,yet its property prices are hundreds of thousands of dollars below those of its rivals.
Beachfront property can cost millions. But there’s a way for home buyers to get a beach lifestyle even on a shoestring budget.
Six parties competed for a single-level Edwardian home in Middle Park steps from the beach at auction on Saturday.
Houses in these affluent neighbourhoods are selling at close to 10 per cent under the market top as a reality check hits home for sellers.
A couple who had just returned from a conference in Italy bought a turnkey,architecturally designed home in Flemington for $1.95 million with a dramatic final bid.