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There are always going to be bargains, throw aways and special offers which will attract you, pull you in and hold you tight. The path to acquiring the right investment property can be hindered by these situations. “All time low price” and “heavily reduced” are certainly phrases that grab your attention when purchasing real estate but when venturing to secure any new real estate investment you should always consider these key factors.
Despite its run-down appearance and graffiti-covered walls, buyers are going crazy over this abandoned Leichhardt house.
The property has stood empty for 25 years, and renovation costs of around $300,000 to $500,000 are expected just to make it to make it livable, yet the house has attracted 4,000 individual email inquires.
It’s considered to be in great location in Leichhardt in Sydney’s inner west and is expected to sell for about $1.2 million.
The 1865 Oakbank homestead, Mount Annan on 15 hectares with views of the Onkaparinga River in rural South Australia, has been sold.
It was marketed as one of South Australia's earliest homesteads.
Mount Annan, 30 minutes from Adelaide, sold for $2.2 million last month having been listed late last year with $2.65 million hopes.
It sold through Chris and Georgia Weston at Raine & Horne.
The original homestead on Onkaparinga Valley Road has been totally rebuilt, offering all new roof, wiring, plumbing, and flooring.
South Australian seniors will be offered an $8500 grant if they downsize to a smaller home.
The SA Government will spend $14 million over two years on the grant for people 60 years and over to move into a new, “age-appropriate home”.
It comes as South Australia’s First Home Owner Grant for established homes comes to an end on July 1.
First–time buyers are still eligible for up to $15,000 if they buy a new home.
Forget the waterfront home with the tennis court and space for days. A group of sophisticated buyers say the name of the architect and mid-century character is the only thing that matters when it comes to the place they call home.
“I had absolutely no desire to move to Wahroonga, but I would have gone anywhere for this house,” interior designer and design lecturer Annalisa Capurro says of her home, on Sydney’s upper North Shore, by prominent mid-century architect Russell Jack.
THE State Government should reimburse stamp duty to people who own a house for less than three years, an experienced real estate agent says.
Raine & Horne agent Darren Bayford said this would encourage people to buy and renovate more houses, boost the property market and create more building and real estate jobs in the suburbs.
He said if the State Government would not abolish stamp duty on real estate completely, it should at least remove it when properties were “flipped’’ (bought and sold) quickly.