Day: July 25, 2020

A Record 27.4% of Homebuyers are Looking to Move to a Different Place

The coronavirus pandemic is causing homebuyers to rethink what they want in a home, with more people relocating to places where they can afford more outdoor space and room for home offices, according to Redfin agents.

A record 27.4% of users looked to move to another metro area in the second quarter of 2020. That’s up from 25.2% in the second quarter of 2019 and 26.0% in the first quarter of this year.

Last month, we published a preliminary look at second-quarter migration patterns, which showed that 27.0% of home searchers were looking to move to another metro in

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Sydney’s $8.1m Sale, NY Couple Land Melbourne Pad

An Australian expat couple dialled in from New York to secure a Melbourne home at auction today, while strong competition in Sydney led to a ‘bumper day of sales’.

A renovated historic home in Sydney’s Woollahra sold for an eye-watering $8.1 million today, with three registered buyers vying for the prize. It is understood to be the highest price paid at auction in Australia this week.

While in Melbourne, buyers are reportedly undeterred by online auctions as coronavirus lockdowns continue.

356 Edgecliff Rd, Woollahra sold at auction for $8.1 million.

Latest auction data shows New South Wales has a

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