Top Stories in Australian Home Ownership February 4, 2020

Today’s trending stories in Australian home ownership and Home Loans.

  • ‘Vulture’ investors circle drought-stricken farming towns: agents
    City-based investors are lobbing lowball offers for properties in regional Australian towns that are running out of water.
    The bargain-basement bids add insult to injury for drought-stricken areas already struggling with weak economies.
    Dozens of towns across the country are at risk of running out of water or have run out already ami…
  • First-home buyers splash $1.85m on a house as pent-up demand takes hold
    First-home buyers have splashed a whopping $1.855 million on a property in the tightly held hamlet of Harkaway, in Melbournes south-east, on a quiet auction weekend which saw some big results.
    Agents said vendors were trying their luck on the first weekend in February to take advantage of less competition and growing buyer interest that had been building from late last year.
    The tacticpaid off for some, including th…
  • Brisbane’s property market bounces back in ‘busiest January in a decade’
    Low interest rates, limited property stock and rising market confidence have sent Brisbanes property market into hyperdrive as real estate agents celebrate one of their busiest Januarys in a decade.
    Reports of skyrocketing sales, packed open homes and landmark auctions have further cemented the citys remarkable property turnaround as thousands of local and interstate buyers continue to emerge from the woodwork.
    On the weekend, hundreds of house hunters hit the open…
  • ‘A life changer’: Why Italy’s $2 homes aren’t always too good to be true
    Mark Kopun was on a working holiday in Europe when his cousin sent him an article that would change his life trajectory.
    In France for the snow season at the time, the 33-year-old Australian electrician was so excited by the article on homes for sale for just a euro (AUD$1.66)each in the sun-drenched Sicilian town of Mussomeli that he booked the first flight to Palermo.
    It was only a one hour flight away that cost nothing like 60 so I thou…