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How it sold

This Month

The six-bedroom house on 902 square metres at 4 Haining Avenue in western suburban Perth’s Cottesloe sold by private treaty for $3.8 million.

This $3.8m sale shows the pressures on downsizers

In a low-stock market, vendors want longer settlements. But the rising cost of living means they’re also putting more money into super when they sell.

  • Michael Bleby
The four-bedroom house on 337sq m at 29 St David’s Road in inner-western Sydney’s Haberfield sold before auction for $2.7 million.

A $2.7m offer made this vendor jump early

After a “mini boom”, buyers are becoming cautious again – and that’s making some sellers decide it’s better to take an early bid.

  • Michael Bleby
The two-bedroom apartment in original 1972 condition at 17D/50 Whaling Road in North Sydney sold at auction for $2.427 million.

Why buyers looked past the flaws in this unit – and paid $2.4m

The shabby apartment needed at least $200,000 to fix it up. But rather than hide its faults, the agent hit buyers over the head with its problems. And it worked.

  • Michael Bleby
The three-bedroom semidetached house at 9 Monteath Avenue in Melbourne’s Hawthorn East sold before auction for $1.35 million. 

House passes in at $1.22m, then sells for $130,000 more

Increasing confidence about rates plateauing, as well as a new tenancy, boosted the competition for a property with some drawbacks.

  • Michael Bleby

September

Unliveable: But the two-bedroom terrace house with one car park at 38 William Street, in inner-suburban Sydney’s Paddington, sold at auction for $2.715 million. 

Renovating bidders push dilapidated terrace $600,000 over guide

Materials, labour and trades shortages have put many buyers off revamping property. But this unlivable deceased estate brought DIY types out of the woodwork.

  • Michael Bleby
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Hard sell: The owners of the 3 Berry Smith Drive home in Strathalbyn had tried to sell it privately for five years before hiring an agent.

Editing this home’s photos helped it sell for $20k more than expected

Preparing a home for a downsizing sale can be a pain, particularly for those with mobility issues. But that’s where the clever use of software can help.

  • Michael Bleby
High life: Regency Towers, 265 Exhibition Street in Melbourne.

COVID-19 sea-changers return to their city unit tower, at a profit

A couple who fled Melbourne’s pandemic lockdowns for Queensland didn’t intend to return. But they did – and made money in the process.

  • Michael Bleby

August

The two-bedroom apartment with parking at 1200/211 Pacific Highway, Skye by Crown Group in North Sydney sold by private treaty after auction for $1.45 million.

A $15k loss after five years was a great result for this apartment

A relatively new Sydney apartment with a view sold for $1.465 million in 2017. With pandemic-era investors focusing on houses, this one went backwards in price.

  • Michael Bleby
The two-bedroom apartment with car park at 5/990 Wellington Street, West Perth, sold by private treaty for $392,000.

The investment market drawing interstate buyers

In a recovering city where prices are rising, buyers from eastern states are still willing to pay more than locals.

  • Michael Bleby
The three-bedroom house on two titles at 40 Pulsford Road in Adelaide’s inner-northern Prospect sold at auction for $1,901,000. 

‘Unique’ cottage sells for $365,000 over reserve

After his $1.9 million bid beat other locals, the buyer of the large, two-title site intends to keep his own 500sq m property in the same Adelaide street.

  • Michael Bleby
The large house suited the needs of a family with three teenage children, who moved from Woollahra.

The emerging alternative to Sydney’s eastern suburbs

The gentrification of the city’s inner west is giving well-heeled buyers more options to consider – as this $6.85 million sale of a Newtown terrace shows.

  • Michael Bleby

July

The four-bedroom home at 10 Winchcombe Avenue in inner-eastern Sydney’s Haberfield sold at auction for $3.71 million.

‘Buyers are now starting to panic’

Low housing stock levels have triggered a greater sense of urgency among purchasers. The result for this auction? A price $400,000 over reserve.

  • Michael Bleby
The three-bedroom weatherboard cottage on 640 square metres at 3 Myrtle Street, North Balgowlah on Sydney’s northern beaches sold before auction for $2,211,000. 

The house that gained $500,000 in just nine months

In November, the buyers of this family home were lucky. This month, as vendors of a scarce product, they were fortuitous again, after spending only $80,000.

  • Michael Bleby
The two-bedroom, 100-square-metre apartment at 4/179 Power Street in inner-eastern Melbourne’s Hawthorn sold at auction for $668,000.

First home buyer gets apartment – in his childhood building

There was an emotional pull that prompted a 20-something to keep bidding for a unit in the block he knew well.

  • Michael Bleby
The three-bedroom, two-bathroom unit at 2309/265 Exhibition Street in Melbourne’s CBD sold by private treaty for $1,060,000. 

Tree changers are buying back into the apartment market

City escapees are flocking back to CBDs, creating another source of competition at a time of scarce supply.

  • Michael Bleby
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June

The freestanding house on 270 square metres at 1 Vaughan Place in inner-east Sydney’s Redfern sold before auction for $3,050,000. 

From ‘diamond’ to $3m dump in just seven years

A once-quirky house fell into ruin after the owner deserted it for less than a decade. The fact it was unlivable cost the vendor in a weaker market.

  • Michael Bleby
The three-bedroom house at 10 O’Connor Street in southern Sydney’s Eastlakes sold at auction for $1.95 million. 

The $1.95m sale that surprised everyone

After several promising buyers pulled out, the agents warned their vendor to expect a lower price. The auction played out better than they expected, however.

  • Michael Bleby
Like many beachfront properties, the apartment building was going to have to raise a special levy.

Buyer ‘takes too long’ at $1.65m, loses as Bondi unit fetches $1.76m

In the fast-paced world of residential real estate, sometimes you have to be quick. In this case, one potential purchaser wasn’t quick enough.

  • Michael Bleby
The three-bedroom, two-bathroom apartment at 7/90 Marina Parade in the Gold Coast suburb of Miami sold at auction for $1.73 million.

‘They don’t build them like they used to’

A sense of nostalgia pushed up the price of a Gold Coast apartment, drawing cashed-up buyers who didn’t mind the lack of facilities. Or that it was unrenovated.

  • Michael Bleby

May

The family owners of Pension Grimus (large building, lower right) at Mt Buller acquired the adjoining vacant lot (marked) for $1,375,000.

Grollo gives ‘family discount’ on key Mt Buller lot

In a tight-knit mountain community, the purchase of an alpine piece of land breathes new life into the much-loved Grimus family hospitality business.

  • Michael Bleby

The Australian Financial Review Magazine

BOSS Financial Review

British beauty entrepreneur Sarah-Jane Duncanson “Trinny” Woodall at the Park Hyatt, Sydney.

Life & Leisure

Living it up, but not at The Ritz: Raffles London at The Old War Office has been restored to full baroque Edwardian elegance.

Rich List

Chemist Warehouse paid $364m in dividends in the last 12 months.