Month: August 2020

Underbool: $60k house for sale in Victoria’s northwest goes viral

29 Monash Avenue, Underbool is on the market for an affordable $60,000.

Buyers from far and wide are scrambling to secure a house listed for the price of a luxury car in a town renowned as “the gateway to the Pink Lakes”.

The three-bedroom house in Underbool, in Victoria’s northwest, had attracted about eight offers since hitting the market with a $60,000 asking price, Burns & Co Mildura agent Ian Miers said.

It also accrued more than 10,000 views on to be one of Victoria’s most popular listings of the past week.

Mr Miers said the price point had

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San Francisco Home Sellers Are Slashing Prices at Highest Rate on Record

San Francisco has seen a greater increase in price drops than any other U.S. metro, with the share of sellers slashing prices more than doubling from a year ago as the pandemic drives homebuyers out of the Bay Area.

A quarter (24.5%) of San Francisco-area home sellers cut their list prices during the four weeks ending Aug. 16, the highest share since at least 2015, when Redfin began recording this data. That’s more than double the rate from a year earlier, marking the largest annual increase in the share of active listings with price drops among the 50 most

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Byron Bay’s The Farm has Sold, But Legacy Will Continue

EXCLUSIVE: Tom and Emma Lane from Byron Bay’s The Farm have sold up after five years, but the community-led business is here to stay. 

Just outside of Byron Bay, the foodie haven has been a thriving hotspot for locals, visitors and celebrities alike (the Hemsworths live just up the road) – full of wholesome treats from its garden, bakery and cafe, it also allows visitors to learn about food with their nursery education programmes, and tour the property on horseback.

Famous for its Grow, Feed, Educate and Give Back philosophy, the business was listed for sale earlier this

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Sales of Large Homes Up 21% as People Seek More Space Amid Pandemic

But prices of small homes were up 8.1% year over year in July, compared with 6.7% for large homes, reflecting the continuing importance of affordability for homebuyers.

The typical home that sold in the four weeks ending August 16 was 3.7% larger (1,772 square feet) than the typical home that sold a year earlier. Compare that with 0.4%, the average year-over-year growth rate from 2015 to 2019. Growth in the size of homes people are buying has accelerated since the onset of the coronavirus outbreak. The typical home that went off the market during a similar time period last year

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Alan Bond’s Former Mansion Sells For Record Price Of $27.5m

One of Perth’s most iconic homes, built by high-profile businessman Alan Bond and his wife Eileen, has sold for $27.5 million, in what could set a property sales record for Perth this year.

The spectacular riverfront mansion at 89 Watkins Road in Dalkeith is believed to have been purchased by former bodybuilder Danny Pavlovich and his wife Suzie. Mr Pavlovich is the chief executive of Nutrition Systems, a distributor of supplements and nutritional products.

But the hefty price tag is well shy of the $50 million it was originally listed for in 2017 before Mr Bond’s real estate agent daughter

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