‘It’s a buyers’ market’: First home buyers snap up $1.8m inner-city home
Two expected bidders pulled out before auction, leaving two others to compete for the three-bedroom house. It didn’t stop the final price exceeding the reserve.
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Two expected bidders pulled out before auction, leaving two others to compete for the three-bedroom house. It didn’t stop the final price exceeding the reserve.
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With city, water, or park views, rooftop terraces also provide a private space for entertaining and relaxing, especially as the weather warms up.
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The upsizers beat two other parties for the keys to the three-bedroom home with an entertaining terrace, amid a weak market.
The sales agent said first-time buyers were “coming out of the woodwork” seeking to capitalise on falling prices, and they’re wasting no time jumping in.
Experts say the harbour city’s property downturn extends beyond the most expensive spots. It is creating opportunities for some.
Sellers can fetch a premium by going to auction rather than accepting the highest offer prior, but the gap between the two is narrowing.
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