Since mid-last year,local economic conditions,plus the affordability and lifestyle factors,have sparked a turnaround in property in regional Australia.
The first signs of moderation in the three-year Perth property boom are evident,but 10 suburbs are rising stars,according to a new report.
The “immaculately preserved” three-bedroom home last sold for $2.25 million in 2019,records show. It was one of 750 auctions scheduled at the weekend.
“It’s a very,very special home,” the agent said. “People who weren’t actually considering buying in the inner west,were actually considering this house.”
As Brisbane rents reach record highs,home hunters are queueing out the door even for tiny properties with obvious problems.
Former stock exchange boss Dominic Stevens has swapped his $52 million digs for an environmental activist’s home in Point Piper,but that’s not his only noteworthy trade.
Across 18 sought-after suburbs in south-east Queensland,weekly rent will now set you back $1000 or more.
The grateful vendors fetched $3.47 million for their home of more than a decade,set on a large block for the area,as six buyers competed.
The three-bedroom family home attracted 12 parties at auction,where the agent joked the burger joint down the road was worth an extra bid.
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