Is Sydney experiencing a two-speed property market?

Sydney’s property market may have experienced its biggest correction since the 1980s but you would be forgiven for thinking otherwise thanks to impressive results at the top end. Suburb records are still being broken, top sales continue to be recorded and new trophy homes listing by celebrities and top government officials roll in every week. But the median house price for the …

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Pitfalls to Avoid When Buying a Unit

The fiasco with Sydney’s cracked Opal Tower apartment block as well as volatile prices in the unit market is enough to scare off any potential buyer. How can you buy a unit and get it right? Lauren Goudy, buyer’s agent with Rose and Jones, shared her advice on avoiding the common pitfalls and getting the best deal on …

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Why you should buy the worst house in the best street

While ‘renovator’s dream’ is often interpreted as real estate-speak for ‘run down mess’, such homes can actually have unrealised potential. When hunting for real estate, it’s tempting to purchase a property in a pristine condition ready for you to move right in, but sometimes it’s best to fight your initial reservations and be a little …

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Waiting for property can be a waste of time, says buyer’s agent

Waiting for the Sydney market to drop before buying? One buyer’s agent says in doing so, you’ll be doing more harm than good. By playing the waiting game, investors can traditionally buy into a market when it reaches the downturn of its cycle. However, Lauren Goudy, buyer’s agent of Rose & Jones, said those who …

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Experts reveal the best techniques for bidding at auction

In a hot market, many vendors prefer selling at auction as it’s perceived to be the most effective way to get the highest price for a property. For buyers, auctions can be high-pressure situations where it’s easy to get swept up in the drama – and if you’re not careful – pay more for a property than you …

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‘$2.5m is nothing if you’ve just sold your $4m mansion,’ says agent

DEMAND from downsizing empty-nesters is pushing up prices for quality apartments in Sydney’s exclusive eastern suburbs, agents say. A stylish Art Deco unit in ­Double Bay sold for $2.375,000 on Saturday— $475,000 above its ­reserve price — through Sothebys agent Chris Helich. The auction was one of 532 held around Sydney. With 341 of the …

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Agents of Change Help Buyers to be Aware

BUYING a house is the biggest transaction most people make; but unlike house sellers, buyers are mostly unrepresented. “It is an unusual situation where two people come to an agreement but only one (the house seller) has representation,” says Byron Rose, chief executive of Sydney-based buyer agent Rose & Jones. That’s starting to change with …

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Tales of the Unexpected

When a dilapidated terrace on Windsor Street, Paddington, went on the market late last year, the buzz among buyers hoping to pick up a grand old piece of eastern suburbs real estate was extraordinary. More than 400 groups went through the four-bedroom house and 50 contracts were issued. It made local headlines when it sold …

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Glow of the Old Remains Dimm

Old period apartments are still holding their own in the Sydney market, despite – or sometimes even because of – the rising number of new developments for sale off the plan. While the lure of the new is obvious – the latest design, and often gyms and pools – the glow of the old remains …

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It Pays to Choose the Road Less Travelled

It’s one thing to be street-smart, but how do you choose the smartest street to buy a property on? Because that decision is critical to making a good investment, say the experts. “You can change everything about a house – you can extend it, do it up or pull it down – but you can’t …

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Three-Bedroom Suburban Unit? That’ll be $4.6m

Double Bay apartment owners have good reason to be excited, cashed-up downsizers are circling. A three-bedder on Guilfoyle Avenue was a standout success at auction on Thursday night, selling under the hammer for $4.61 million, well in excess of original offers and expectations of some $2.8 million. There were six active bidders vying for the …

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Do Your Own Homework

House hunters should conduct their own research, rather than rely solely on the sales data provided by selling agents, according to an industry body that represents buyer’s agents. The Real Estate Buyers Agents Association of Australia says it is important to compare similar properties using well-known sources such as RP Data and Australian Property Monitors. Association …

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New Secret Weapon Out in Property War

Buyers Agents are fast becoming a secret weapon in the property market as home buyers realise the benefits of having a professional advocate on side, according to the Real Estate Buyers Agents Association of Australia (REBAA).Spokesman Byron Rose said 10 years ago, buyers’ agents were only for the rich and famous looking for homes in …

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