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Odeta Kushi, the deputy first economist at First American, doesn’t believe the COVID-19 crisis will lead to a massive spike in foreclosures.
My generation of men often have trouble seceding control and power, and we only sometimes accept ideas from others that are better than ours.
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Issued Saturday, the executive order offers some mitigation measures, but falls short of extending the moratorium included in the CARES Act.
A fixer-upper cabin in South Lake Tahoe is on the market for $199,000 — and, no, the bear featured in the listing’s photos doesn’t come with the sale.
Stirling’s real estate market is luring buyers by the droves, with property-hungry househunters fighting for homes.
Harris Real Estate’s Arabella Hooper, who is selling last Saturday’s Hills and Country House of the Week – a stunningly renovated home at 6 Merrion Tce, Stirling – says the property attracted a solid turnout over the weekend.
“We had a great response for that one – we had 35 groups through – and a real mix of buyers,” Ms Hooper says.
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“The property has a mixed use, so you can use it as a business as it has a commercial zoning to it.
“That one’s tracking along well, as is anything through there at the moment.
“We’ve got multiple parties coming back for a second look this week, so we’ll see what happens from there but there’s definitely a lot of interest in that property.”
Vendor Lincoln McEwen says he’s loved his time in the home that’s captured buyer’s attention, and hopefully, their hearts.
“I bought the property about six years ago and I was attracted by Stirling, and the home’s central location in it,” Mr McEwen says.
“It’s almost like an English village walking lifestyle where you park the car on Friday night after work and you don’t get in it again until Monday morning, because we walk to the shops, walk to the playground, walk to the library or walk up to the pub for dinner.
“The location couldn’t be any better, but yet it still feels very private. You’d think you’re on acreage.”
The property was the site of the former vet clinic, but some clever conversion work both by the former owner and Mr McEwen has transformed it into a great family entertainer.
“We’ve used it as an extended family house – my parents spent a lot of time in the self-contained area upstairs because it’s got a separate living area, kitchen and bathroom upstairs,” he says.
“We’ve made lots of little changes over the years, including creating an extra bedroom upstairs and converted the remains of the vet upstairs back to much more residential use.
“It’s great for entertaining and we had my boy’s seventh birthday on the lawns and it was perfect for that.
“All of our friends live nearby and we’re never short of a pop-in and we spend a lot of time on the deck around the chiminea in winter or enjoying the shady garden in summer.
“People are blown away by the views out of the northern windows and the sun streams through so you get beautiful dappled light during the day and as the sun comes up in the morning it streams through the mist in the valley and bathes the house in these stunning rays first thing in the morning.”
The home features seven bedrooms, numerous indoor and outdoor entertainment spaces and is set on a 2680sqm allotment with a creek.
“There are two ducks that have lived there for the past three years now – it’s brilliant,” Mr McEwen says.
“My kids Leo and Ivy loved it – it really is a fantastic family home.”
Mrs Hooper says Stirling properties, and indeed homes across that region of the Hills, were moving quickly.
“We’re finding that things are definitely shifting within the first few weeks of being on the market and there’s definitely still a shortage of stock on the market at the minute.” Mrs Hooper says.
“We’ve got listings coming forward, so we’re expecting spring to be pretty busy as usual, but whether that will be ramps up somewhat as a result of COVID-19, we’re not sure. But we’ve certainly got some really beautiful properties coming onto the market.
“We’re definitely seeing a real shortage in supply right now.
“We’re saying to anyone looking to sell to bring it on right now, don’t wait – why would you when there’s so much activity in the market.
“Now’s a better time than ever before to put your home on the market.”
The post The Hills suburb where buyers are ravenous for homes appeared first on realestate.com.au.
AN opportunity like this deserves immediate attention.
Located in a popular and tightly held position on Derwent Ave, this Lindisfarne property has the potential for building multiple townhouses with breathtaking views of the Derwent River and Tasman Bridge.
A previously approved planning permit for an extra three dwellings alongside the original home lapsed in 2014.
However, there lies a precedent for the site’s potential.
And the current owner can be flexible with a long-term settlement if desired.
Petrusma Property sales manager David McLeod described No.172A Derwent Ave as a “once-in-a-lifetime opportunity”.
He said development sites of this land size in Lindisfarne — encompassing a substantial 2122sq m — no longer exist.
“This is a very rare and unique chance to secure an outstanding investment prospect,” he said.
The property is currently home to a 1950s-built weatherboard two-bedroom home.
It is surprisingly spacious and beautifully presented.
The home’s attractive mountain and river views will be the envy of anyone that comes to visit.
The extensive views can be enjoyed from most areas of the home, including the rear deck.
The dwelling boasts bright and sunny open-plan living space with a lounge and a dining room.
There is a well-equipped kitchen and an immaculate bathroom with a corner bath that will beckon at the end of a long day.
For vehicles, there is an undercover carport and off-street parking for two cars.
Entry into the home is via a porch with the bedrooms to the left and the living zone to the right.
The house is currently tenanted. It could be a source of income while the next owner plans their prestigious Lindisfarne development, or the house could be upgraded along with any new building works.
The property is bathed in morning and afternoon sun.
Lindisfarne is a highly sought-after suburb and this property is close to the popular Natone Hill Nature Reserve, Anzac Park and Lindisfarne Village with many shops, walking tracks, cafes and schools nearby.
This property also offers easy access to public transport as it is on the bus route to Rosny Park and Hobart.
Per realestate.com.au data there has been 77 houses and 26 Lindisfarne units sold in the past 12 months.
In that time the median house price has climbed by over 9 per cent. while unit prices increased by almost 4 per cent.
No.172A Derwent Avenue, Lindisfarne is priced at “Offers over $1 million” and listed with Petrusma Property.
The post The opportunity that comes with this much space … wow appeared first on realestate.com.au.
A five-bedroom house so well built a building inspector described it as a bomb shelter has sold for more than $100,00 over its reserve price.
The solid double brick house is built on a suspended concrete slab at 20 Jinjella Rd, Highton.
Six bidders contested Saturday’s online auction where the property sold for $884,000.
Barry Plant, Highton agent Kieron Hunter said the price rose $179,000 in 13 minutes as bidders jostled for the keys.
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The reserve price for the house, selling for the first time, was $770,000, Mr Hunter said.
“It was double brick, extended slab, so lots of concrete. Just really well built – you could not fault it,” he said.
“It had a bit of a view as well because it was one street back from Barwon Boulevard above the river.”
Mr Hunter said a couple living in the south of Highton was excited to get to keys.
“They’ve looked at countless properties before and really got involved in this one because of the position and it is really well built.
“They thought they can make improvements to it without doing anything structural, so they’re pretty excited about it.”
Geelong buyers advocate Tony Slack, who acted for the buyers, said he thought the property’s true value lay in the mid-$800,000 range, given the scarcity in that location and the quality of the build.
“My building inspector, who I have used for years, referred to it as a bomb shelter,” Mr Slack said.
“It’s stood the test of time.”
Mr Slack said the buyers were upgrading and could easily stay in this property for the next 10 to 15 years, or more.
“They can move in and live comfortably from day one and over time only add value.
“You don’t see that often.”
The 750sq m property had been slated for public auction on Saturday, before Stage 3 coronavirus restrictions were reintroduced last week.
Meanwhile a one-bedroom unit ideal for a teenager’s retreat has swayed the buyers of a Modernist home to look beyond Newtown and Manifold Heights.
The buyers paid $901,500 for the five-bedroom residence at 278 Scenic Rd, Highton at an online auction.
Mr Hunter said the buyers would have ignored the address, if not for the unit on the 1043sq m block.
“They really wanted to be on that side of the river but this one came up and one of the reasons they bought it was the one bedroom unit out the back — because they’ve got a teenage kid” he said.
“They said if that wasn’t their they wouldn’t have looked at it.”
Four bidders contested the auction, which started at $800,000.
The property was on the market at $865,000.
Mr Hunter said the buyers also hoped to convert one of the home’s double garages to a second living area, leaving three covered car spaces on the corner block in the suburb’s Queens Park precinct.
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The post Highton: Six bidders push online auction $100K over reserve for solid home near Barwon River appeared first on realestate.com.au.
With holes in the walls, a rotting deck and a mould problem, you’ll need a good builder for this Central Coast property.
The North Gosford house is barely liveable in its current condition and the listing ad says buyers looking to move straight in, should probable give this a miss.
As a result, 1 Linden St has a $450,000 price guide, which is roughly the same price as a typical apartment in the suburb.
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The guide along with house’s condition has seen it take the internet by storm, with more than 17,000 page views propelling the property to the most viewed on realestate.com.au this past week in NSW.
Along with a hilarious marketing video, the listing ad said the current owners of the four-bedroom home have “kindly commenced the renovation process starting with the removal of the gyprock walls – one punch at a time”.
Gittoes — East Gosford agent Matt Gravas, who is selling the house with his colleague Richard Faulkner, said the property fell into disrepair after the long-term owners moved away and left it to their kids.
“They clearly enjoyed the place a bit too much and unfortunately destroyed the property from throwing lots of wild parties among other things,” he said.
When mum and dad returned home to North Gosford, Mr Gravas said they were left with no choice but to sell the property due to the damage.
Complete with a bespoke mouldy splashback, the kitchen has been partially renovated with modern appliances. The mouldy theme continues in the bathroom, where mould can be found on the ceiling and in the shower, but least there is a roll of toilet paper.
The main bedroom has an “open plan ensuite” with a missing shower screen and the walk-in wardrobe is missing a door.
The timber deck is slowing falling apartment after years of ignoring any upkeep, while some interior floorboards are missing completely.
Sitting on 689sqm of land near the centre of Gosford, the property has overgrown gardens at the rear, a rusted shed and lots of rubbish tucked underneath the house.
“Lots of buyers are keen to do a mini reno on the property, while a few are looking at gutting it completely, Mr Gravas said.
The property has been a hit with first homebuyers looking to get into the market on the cheap and from builders after a project.
“First homebuyers have really come back into the market of late, and we are being inundated with requests,” Mr Gravas.
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The post North Gosford house priced the same as an apartment in need of major renovation appeared first on realestate.com.au.