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    How it sold

    This Month

    The two-bedroom, semidetached home on 158 square metres at 12 Redmond Street in inner-western Sydney’s Leichhardt sold by private treaty for $1.43 million.

    Vendor goes for ‘bird in hand’ to sell terrace for $1.43m

    In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.

    • Michael Bleby

    July

    Round one: The 35.5ha block at 117-147 Tweed Coast Road in northern NSW’s Cudgen contracted to sell as a whole for $11 million.

    ‘Death clause’ triggers an extra $1.2m for vendor

    “You’re not legally allowed to ask for a price reduction just because someone dies,” said the agent. But one buyer did – and then pulled out of the sale.

    • Michael Bleby
    The three-bedroom, single-garage townhouse at 7/72-78 Flora Street in southern Sydney’s Kirrawee sold before auction for $1,281,000.

    First home buy costs $1.28 million – and 858km

    Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.

    • Michael Bleby
    The one-bedroom apartment with no car park at 29 Lander Street in inner-southern Sydney’s Darlington sold for $995,000.

    One-bed unit, no car park – the price? Almost $1m

    There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.

    • Michael Bleby
    The three-bedroom townhouse at 3/29 Wheatleigh Street in lower north shore Sydney’s Crows Nest sold by private treaty for $2,915,000.

    The unusual move that made this seller $4.8m

    Most people with a large block to offload would do just that, but this vendor developed it – and made a much bigger profit in the process.

    • Michael Bleby
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    June

    The 810-square-metre corner site in an area with residential zoning for a 15-metre building at 11-13 Stevens Street in Gold Coast’s Southport sold by private treaty for $1.5 million. It was bought by the buyer of the neighbouring 15 Stevens Street site. 

    The 10-minute, $1.5m sale that was an afterthought

    An interstate buyer paid $835,000 for in investment block of land, sight unseen. When they did come to see it, they bought the neighbouring block, too.

    • Michael Bleby
    The five-bedroom house on 7513 square metres at 2 Mayo Court in the Gold Coast suburb of Highland Park sold for $1.765 million.

    Working from home option secures $1.8m sale

    A Gold Coast home had a commercial side to it that put most buyers in the area off. So the agent went further afield.

    • Michael Bleby
    The four-bedroom house on 560 square metres at 59 Eighth Avenue Jannali in southern Sydney’s Sutherland Shire sold prior to auction for $1,915,100.

    Downsizers from $1.9m house get help from agent to buy next home

    In a low-stock market, some vendors are getting extra assistance – from their sales agent – to purchase their next home.

    • Michael Bleby
    The two-storey, four-bedroom, 2.5-bathroom house on 622 square metres at 14 Shenton Place in western suburban Perth’s Claremont sold by private treaty for $3.6 million. 

    Downsizers who ‘weren’t looking’ buy $3.6m home

    Competition for smaller homes in established suburbs like Claremont is so intense that many downsizers plan to build anew. But if they see something suitable, they jump at it.

    • Michael Bleby

    May

    The home at 21 Coventry Lane in NSW Central Coast’s Hamlyn Terrace sold at auction for $780,000, $50,000 more than the identical neighbouring property sold for in November.

    First home buyers purchase from investors in $780,000 sale

    This Central Coast home’s proximity to the M1 highway made it popular with tradies commuting to Sydney – and with rates outlooks stabilising, they were confident about buying.

    • Michael Bleby
    First cab off the rank: The investment property at 5 Pauls Drive, Valley View, was the first to be auctioned and reached a price of $885,000 before they paused and started selling the neighbouring home.

    The complicated $1.8m sale of a ‘gamble’ that didn’t pay off

    A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.

    • Michael Bleby

    April

    Vendor David Milton more than doubled his money on this Neutral Bay apartment in Sydney’s lower north shore.

    Real estate agent doubles his money by selling own apartment for $6.5m

    There’s a national shortage of suitable units for downsizers, so a man who sells them for a living has just sold his own home – at quite a profit.

    • Michael Bleby
    The 22nd-level, three-bedroom unit at 22F, 5 Bayview St, Runaway Bay in Gold Coast’s Runaway Bay sold at auction for $2.47 million.

    Buyer plays up strata cost fears before $2.47m apartment purchase

    A local purchaser of a Gold Coast unit used the threat of an extra $25,000 special levy hanging over the property to try to put his rivals off.

    • Michael Bleby
    An oversized one-car garage with power on a separate title in Roslyndale Avenue in inner-suburban Sydney’s Woollahra sold off market for $500,000.

    Welcome to Sydney, where a garage can set you back $500,000

    The buyer of this neighbourhood space doesn’t have an electric vehicle. But enough people already do to make it an asset worth having.

    • Michael Bleby
    The newly built five-bedroom, four-bathroom house at 38 Honeyeater Drive in Gold Coast’s Burleigh Waters sold at auction for $4.765 million.

    Showdown in the bar as ‘insane’ auction for luxury $4.8m home drags on

    In a sellers’ market, the buyer of a newly built waterfront property had to meet a price the selling developer wanted – but she made him work for it.

    • Michael Bleby
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    March

    The four-bedroom, two-bathroom house on 721 square metres at 65 Donald Road, Wheelers Hill in Melbourne’s southeastern suburbs sold before auction for $1.265 million.

    What this $1.3m sale shows about the value of housing

    The vendor of an old house on a six-lane highway made it stand out in a sea of properties going to market as development sites.

    • Michael Bleby
    This three-bedroom, one-bathroom Haberfield house sold for about $300,000 less than a similar but renovated home sold a week earlier.

    Why this semi sold for $300,000 less than a similar home nearby

    Is it a property with a flaw or some other compromise? Buyers are becoming choosier, as the vendor of one house in need of a renovation found out.

    • Michael Bleby
    The single-level two-bedroom unit at 8/2 Lisson Grove, in inner-eastern Melbourne’s Hawthorn sold at auction for $835,000.

    Pregnant first-home buyers pay $95,000 over reserve for 2-bed unit

    A legal quirk reduced the competition for one young couple, who still fought hard for a ground-level unit they’ll move into – just before the birth of their child.

    • Michael Bleby
    The six-bedroom, 5-bathroom home on 909 square metres fronting Lake Wonderland at 84 Oceanic Drive in Gold Coast’s Mermaid Waters sold prior to auction for $7.7 million.

    Chinese buyer outbids locals by $1m for luxury Gold Coast home

    A FIRB buyer paid $7.7 million for a newly built Miami-style mansion in Mermaid Waters – over $1 million more than any local offered for it.

    • Michael Bleby

    February

    The deceased estate home with shed on a site comprising three separate titles at 7 Churchill Street in the Ipswich,] Queensland suburb of Churchill sold at auction for $1,050,000.

    First home buyers don’t get a look-in as investors swoop

    Rate-sensitive aspiring home owners hoped to buy one of three lots put up for sale by one vendor, but they didn’t even get to bid.

    • Michael Bleby

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