The city has recorded five consecutive quarters of house price growth – a streak that surprised experts.
Amid a widespread rental crisis,a handful of neighbourhoods bucked the trend.
Cathy’s neighbours have all happily lived in their homes for 25 years or more,and she plans to stay for the long run.
Within metres of the home runs the WestConnex tunnel,the existing train line and the future Metro West Project,which buyers saw as a drawcard.
Paris Neilson,daughter of Judith and Kerr Neilson,sold her estate. Now there could be a consolidation in the works with the home next door.
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.