Abbir Dib is a journalist and opinion writer based in Melbourne.
The two-dwelling home has been a lolly shop and art gallery. It was bought by local first home buyers who will live in one residence and rent out the other.
Developers battled it out at Saturday’s auction for a pair of Victorian workers’ cottages on a single title in Carlton, with the winner forking out $355,000 above the reserve.
A couple paid $1,425,000 for a two-bedroom house with scope to update in the inner north, after seven bidders fought it out in a hot auction.
Demand from sea-change movers is outpacing new housing supply, pushing some areas up by double digits.
It’s energy-efficient and can run on battery power in winter, and new research shows how more homes like Ben’s could be built faster.
Investors have retreated and first home buyers are not looking for the same types of homes as investors are trying to offload.
House prices in two prestige Melbourne suburbs have surged ahead of the rest, recording double-digit growth while others went backwards.
A Victorian-era terrace drew six bidders at auction on Saturday. It sold for just over $250,000 above its reserve to a young professional.
A woman bought the three-bedroom home in post-auction negotiations after it passed in following her single bid of $860,000.
Rents are higher than a year ago in every regional Victorian local government area except one.