Nine registered to bid on the circa-1900 grand four-bedroom residence,but the winner was very local.
The sellers paid $1.65m for the Californian bungalow in late 2020 and their renovation attracted five bidders,all locals,at auction.
The Lanes,who bought a Byron hinterland project for $3.8m and sold it for $33.6m,have had success further south. But not everyone is having such a good time.
Dozens of suburbs that were affordable to the average buyer are no longer within reach. Here’s what slipped away,and where to look instead.
The social worker and her family moved to the suburbs to buy a four-bedroom house with a backyard,front yard and all the trimmings. Then they sold up.
The home’s artistically designed interior with exposed brick,timber and metal detailing drew seven bidders despite its modest land size.
The downsizer’s son bid on her behalf for the stylish one-bedroom home and embraced her as she broke down with joy after the hammer fell.
Australian investment legend David Paradice showed form when he bought into North Bondi’s oceanfront in 2007. Values have come a long way since.
Grant Rule sold his company,bought the second-most expensive home in Toorak and added a holiday home on the beachfront.
Nearly 100 suburbs that were affordable to home buyers in 2022 are no longer within reach. Here’s what slipped away,and where to look instead.
Home prices have risen much faster than wages over the long term,and the gap looks set to widen.