Since mid-last year,local economic conditions,plus the affordability and lifestyle factors,have sparked a turnaround in property in regional Australia.
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.
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 sales representative knows how lucky she is her rent is less than other places,but she has to do more to stay afloat.
More councils are putting themselves forward for greater density around train stations as the state government’s signature housing policy is due to start.
Instead of moving to big name coastal hotspots for the lifestyle,a wave of city dwellers are moving to under-the-radar towns due to the cost of living.
Two NSW MPs have urged the Liberal Party to adopt policies to help tenants,lest it become irrelevant.
Gemma Toogood paid $875 a week in rent for a mould-riddled,rat-infested cottage. Do we still think that’s reasonable?
A typical house or unit in Sydney now costs $80 or more than a year ago,with scant relief for renters in sight.
When seller Nathan Tinkler bought the estate north of Coffs Harbour he was ranked Australia’s youngest billionaire,just as Ed is now.
They include a palatial architect-designed residence,a private estate with helipad and a farming oasis with vineyard.