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The spring selling season usually proves to be a busy period for the real estate industry, as the warmer weather draws prospective buyers out of the gloom of winter and reignites their property search.
Despite the potential for an increased number of buyers, it is also common to see an influx of properties placed on the market in spring.
Raine and Horne Bathurst director John Fagan said properties definitely look brighter in the spring.
A four-bedroom family home in Burwood sold for a staggering $4.46 million this weekend, smashing the suburb’s record.
But Ivanhoe, at 16 Eurella St, does come with a touch more grandeur than the average suburban house.
The 1300 sq m block was also a major attraction for potential buyers, with lavish marble floors, high ornate ceilings and a cellar unusual in a house just 12km from the CBD.
16 Eurella St, Burwood embodies character charm. Source: Supplied
It appears South Young takes the crown for being the most popular area in town for first home buyers, according Young’s real estate agents.
But all agents agreed the location also heavily depended on price these days.
Seven of the nine real estate agents in town were interviewed this week in a bid to find out what areas around Young attracted first home buyers the most.
Wombat Street was named most popular among the agents, closely followed by its neighbours Campbell, Yass, Binalong and Murringo streets.
Desperate to get a slice of the Sydney property market, Sabir Hasbani camped out for three nights in front of a Stanhope Gardens real estate agency in Sydney's north-west.
Thermos, camp chair and sleeping bag in hand, Mr Hasbani and 45 other people weathered Sydney's wind and rain to purchase one of 28 lots for sale in the Ponds development near Kellyville.
Mr Hasbani secured 480 square metres of land worth $515,000 to build a house for his family of five.
EXETER, 60 Harris St
HAVING undergone a complete transformation, this charming bungalow combines an exquisite blend of old world character and fantastic modern living, says Raine & Horne - Semaphore agent Kate Smith.
On a 515 sq m block, the house is within an easy walk of Semaphore Rd attractions and the beach.
Read Full article courtesy: Messenger newspaper direct
TWO charming post-war homes with plenty of character were listed this week through the same bayside agency.
At Lota, a two-bedroom cottage just a few minutes’ walk from the water has been listed for $439,000.
Raine & Horne Wynnum/Manly principal Margaret Vote said the home at 14 Coolana St had been tenanted and would attract about $350 a week in rent.
Read Full article courtesy: Quest newspaper direct