Based in Melbourne, Jim is a reporter on the property desk.
The high cost of property has been prompting more home owners to pick up a renovation project rather than moving home. But will it get easier?
The falling cash rate and renewed interest from interstate investors has helped to lift the seaside region from its post COVID-era blues.
The renovated house on a double-fronted block netted the high-profile journalist and his wife nearly $200,000 more than the reserve.
The house’s owner, who spent 26 years at the property, renovated it into a home that suited her tastes and values.
Jo-Ann is an executive, earns a good salary, and is a single mother of three. But she was still evicted from her Melbourne home.
Those waiting in the infamously long line at the celebrated bakery were treated to some light entertainment on Saturday, as two advocates bid for first home buyers.
Not all homes accrue capital gains at the same pace, which could frustrate the dreams of buyers when it comes time to sell.
“Optimistic” buyers in a cluster of prestige suburbs are underestimating prices by as much as seven figures.
Extra interest brought on by the expanded first home buyer scheme could have helped to push the price past expectations, the agent says.
Experts warn the dips could be the start of a long decline, but could offer opportunities to buyers with more appetite for risk.