Brexit effect on UK property: People renting longer, less confidence in traditionally stable market

London’s £1.77 trillion ($A3.3 trillion) property market has traditionally been seen as a safe bet for investors looking for stable, long-term growth, but experts say uncertainty around the UK’s impending Brexit from the European Union mean prices have languished. Property transactions in upmarket central London fell 14 per cent in 2018 alone, one real estate…

Details

Buyer asks if they can pay more in bizarre twist for former squash court

Mary Moore’s home is a renovated squash court, with the original floorboards. Picture: Norm Oorloff A Box Hill South homebuyer outbid themself after winning an auction to avoid an “unlucky” price. It proved an ace result for the apartment built in a former squash court, and retaining the original floorboards. The middle-aged Chinese buyers won…

Details

Collingwood townhouse sells for $141,000 over reserve to first-home buyers

Two inner-city Melbourne auctions bucked the trend of a weakening market to sell for more than six figures above their reserves on Saturday. Dreary March weather pushed crowds of neighbours and would-be buyers inside a two-bedroom Collingwood townhouse, packing out the living and dining rooms. The dozens of people lining the walls and standing on…

Details

From ‘dead’ to ‘blossoming’: How the cultural heart of Paddington is now back to its former glory

To mangle Mark Twain’s famous line, reports of Oxford Street’s death were an exaggeration. The Paddington stretch of the shopping strip was gravely injured when Westfield Bondi Junction opened in the early 2000s. It took years to recover. Now, peppered with trendy bars, restaurants, cafes and shops, Oxford Street is once again the pride of Paddo. “It’s…

Details

‘We wanted to make the house great:’ How an inner west couple pulled off a perfect renovation

When finance industry worker Amynta Wilson bought her house in 2013, it was a typical old two-bedroom terrace with small living and dining rooms, a kitchen that had seen better days, and an outside toilet and laundry. Today, it’s a showcase for what could be seen as the perfect renovation, with a third bedroom, airy…

Details