Today’s trending stories in Australian home ownership and Home Loans.
- Young couples and upsizing families target warehouse-style homes
Warehouse-style homes sold strongly at the weekend as young couples and upsizing families both targeted the citys more idiosyncratic auction properties.
A former shopfront in Fitzroy North attracted about 80 bids from four families before selling under the hammer for a bullish $1.584 million, $184,000 above reserve.
Nelson Alexander sales director Arch Staver said the sale of the double-storey shop-house at <a href="https://www.domain.com.au/129-miller-street-fitzroy-nort…
- Cautious Melbourne home buyers make offers subject to finance
A rising number of buyers across Melbourne are making offers on properties with subject-to-finance clauses as the credit squeeze bites.
The condition means that a sale only goes ahead if a prospective buyer can get the home loan they need to purchase a property.
Agents across the city are seeing an increase in cautious buyers at every price point,and particularly in the entry-level segment of the market,insisting on the condition.
It comes as banks have become…
- The types of properties and prices most popular in Sydney over summer
Buyers snapped up more than 120 Sydney properties a day over summer as prices across the city continued to fall, data shows.
Almost 11,000 homes in greater Sydney sold between December and February, with more than one-third of sales in the citys west, south west and south.
Three-bedroom houses were the most common property traded, withabout 2850 sales over the 90-day period,a Domain analysis of sales data shows.
It appeals to nearly every single …
- ‘These are encouraging signs’: Emboldened investors target harbourfront suburbs at weekend auctions
Residential property investors targeted apartments close to the city at the weekend, with units in Wollstonecraft and Crows Nest and a townhouse in Lavender Bay all going to investment-focused buyers.
Several banks have recently relaxed their lending standards for investors. At the same time, possible changes to negative gearing and capital gains tax if a federal Labor government is elected in May, are motivating some investors to bring forward purchasing decisions.
At auctions …