Ten West Australian suburbs have made the Property Credit’s national list of affordable seaside homes.
The suburbs in Perth where homes very rarely go up for sale are scattered across the city from the coast to the hills.
Australian house prices are out-performing most of the world,even after inflation,but pressure is growing on the business sector.
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.
“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.”
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.
More than a quarter of home buyers now pay cash,no mortgage needed,so efforts to outbid them require clever tactics.
Mortgage-free home buyers purchased more than six out of 10 homes,drawn to its lifestyle and its relatively affordable real estate.
Personal income analysis has declared Cottesloe Australia’s most unequal suburb. Here’s a glimpse of how the wealthiest live there – and how your suburb rates.
The home in Norman Street attracted fierce competition and a huge crowd,some of which planned to take a bulldozer to the home.