Dream home not what you might think

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Elizabeth Tilley| The Courier Mail| 23 October 2018 https://www.realestate.com.au/news/dream-home-not-what-you-might-think/   QUEENSLANDERS chasing the Great Australian Dream in 2018 want nice views instead of a pool, a Hills Hoist rather than a balcony and prefer a pet-friendly neighbourhood to a good school catchment. A new survey by HSBC reveals the aspiration for a single-storey house and backyard is still alive and …

Auction tactics: Does sledging actually work or does it cause more problems?

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Chris Tolhurst| Domain| 21 November 2018 https://www.domain.com.au/news/terse-talk-does-auction-sledging-actually-work-785565/ The renovated Victorian house in inner-city Melbourne looked to be in tip-top condition but the thirtysomething man in the auction crowd wanted to raise an issue. “Why hasn’t the underfloor dampness been mentioned yet?” he asked, just before the Abbotsford property went to auction on a Saturday late last month. At the sale …

Australians say it’s a good time to buy a house despite thinking prices will fall further: Westpac

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Stephanie Chalmers| MSN Money| 14 November 2018 https://www.msn.com/en-au/money/homeandproperty/australians-say-its-a-good-time-to-buy-a-house-despite-thinking-prices-will-fall-further-westpac/ar-BBPGk2Y Australians think it is the best time to buy a house since March 2015, led by a leap in NSW consumers thinking now is the time to snap up a property, according to Westpac economists. The bank’s monthly consumer sentiment survey posted an 11.8 per cent surge in respondents thinking it is …

Australia’s most reliable property market revealed

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Lucy Dean| Yahoo Finance| 14 November 2018 https://au.finance.yahoo.com/news/australias-reliable-property-market-revealed-030440770.html Known for its foodie culture and wineries, this one location is also among the nation’s most consistent property markets. The quality lifestyle and enviably low unemployment rate has continued to draw Australians to New South Wales’ regional city of Orange, where property price growth has averaged 6.6 per cent per annum over …

Buyer’s market: Vendors forced to discount as auction clearance rates plummet

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Isabelle Lane| The New Daily| 16 November 2018 https://thenewdaily.com.au/money/property/2018/11/16/buyers-gain-bargaining-power/ Home buyers are gaining the upper hand as the downturn in Sydney and Melbourne deepens, forcing vendors to readjust their price expectations. The number of homes selling at auction has plummeted in the past 12 months, giving would-be buyers key bargaining power for the first time in years. More than three-quarters (75.4 per cent) of …

Why Australia’s Average Home Size is Decreasing

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Killian Plastow| The New Daily| 19 November 2018 https://thenewdaily.com.au/money/finance-news/2018/11/19/australia-average-home-size-decreasing/ Homes built in Australia last year were smaller than they have been in more than two decades, and it’s part of a broader trend in which our houses are getting smaller. Buyers at both ends of the market are choosing location and amenities over house and land size, a choice that …

‘No delays, no worries’: The marvels of modular building

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Beverley Johanson| The New Daily| 19 October 2018 https://thenewdaily.com.au/money/property/2018/10/19/modular-house-extension/ When the roads around your home have been closed, the neighbourhood bus re-routed and 12 semi-trailers, a 250-tonne crane and 30 or so people turn up, you know something special is happening. For Simon and Kate Hutchings, this was the extension to their Californian bungalow in Ivanhoe being delivered. Designed and …

All business up the top as attic spaces become living spaces

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Jenny Brown| Domain| 2 November 2018 https://www.domain.com.au/news/all-business-up-the-top-as-attic-spaces-become-living-spaces-20181102-h16n3y-780244/ When the market undergoes a potentially long-term change — specifically the downturn in what had, for five years, been such a dazzling property sales scenario — interesting alternatives jostle into contention. With vendors no longer encouraged to trade up by moving, more are staying in long-occupied address where they are spending as much …