Top Stories in Australian Home Ownership November 27, 2016

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

  • Melbourne property owners subdividing blocks and selling their backyards
    The backyard as we knowit with a spacious lawn for cricket, a pool and outdoor furniture is under threat as property owners slice off chunks to capitalise on Melbournes property market.
    Rising house prices are fuelling demand for homes on carved-off land, while smaller inner-city blocks are encouraging architects to be more creative with designs of so-called upside-down houses.
    Large blocks with potential to be portion…
  • Gold Coast surfer’s house price swells to $1.1 million at auction
    A Gold Coast surfer watched his house price swell to $1.1 million at auction on Saturday following a string ofmillion-dollar property sales in the booming beachside suburb of Burleigh Heads.
    Lifetime local John Wilsonpaid $238,000 for the Burleigh Hill beach shack 21 years ago, netting more than $850,000 over two decades.
    The rustic four-level surf shack wedged inBurleighs iconic hillside on <a href="…
  • Canberra’s unexpected boom suburbs for rapid unit turnover
    Over the 10 months until October 2016, the typical Canberra and Greater Queanbeyan house has taken 62 days to sell. During the same period a typical unit (this includes townhouses and apartments) spent 106 days on the market, just over six weeks longer compared to a house in the region….
  • Auction watch: Spring season wraps up with two multimillion-dollar sales in Canberra
    The final spring weekend proved to be a fitting conclusion for the strong selling season with 10 sales topping $1 million, two multimillion-dollar sales and a new suburb record for Kaleen.
    Number 45 Onkaparinga Crescent in Kaleen sold for$1,045,000, making itthe suburbs first hometo sell with a million-dollar pricetag.
    McGrath Dickson directorChristopher Dixon said he expected that the five-bedroom house would top the previous suburb record of $935…