Top Stories in Australian Home Ownership October 27, 2019

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

  • Melbourne house price rises ‘disheartening’ for first-home buyers, FOMO could rear its head again
    The Melbourne housing markets quickest price recovery ever is disheartening for first-home buyers who had hoped for prices to stay at lower levels seen during the recent downturn,economists say.
    And real estateagents warn that the fear of missing out, common during the property boom over the five years to 2017 when prices were soaring, could take hold of buyers again.
    Melbournes median house price jumped 4.1 per cent in just three months, reaching…
  • Sydney first-home buyers squeezed again as market recovery begins, prices tick up
    The goalposts for aspiring first-home buyers have shifted again as Sydney house prices are back on the rise in the fastest recovery on record, locking out those to trying to take advantage of lower prices.
    Sydney house prices have rallied in the past three months, regaining one-third of their losses suffered in the downturn of the past two years and nudging the citys median further away from $1 million mark.
    The citys median house pr…
  • Mascot townhouse sells $176,000 above reserve after it passed in at auction a year ago
    A Mascot townhouse that passed in last year because no one showed up at auction has now sold to local investors for $176,000 above reserve after being offered for sale again.
    The four-bedroom property at 11/66-70 Miles Street drew six registered bidders, with an opening offer of $1.05 million kicking off the auction.
    It was one of 631 auctions scheduled in Syd…
  • Melbourne auctions: New build on The Castle site snapped up for $628,000
    There was very little serenity in Dagonet Street, Strathmore, as a townhouse that stood on the site once occupied by the famous weatherboard home from Australian movieThe Castle went under the hammer.
    It was one of 1364 auctions scheduled to go ahead on Saturday, the first super Saturday of the year.
    3R8A9383_vny3psHow’s the serenity? Photo: Stephen McK…
  • New data shows the top ten Hobart suburbs most likely see homes for sale
    … house prices could be offset by the State Government’s Streets Ahead Incentives Program which in 2000 provided home ownership opportunities for…