Duncan Grady News Today

A vendor wanting to sell a 32-year-old home didn’t want the time and cost risks of construction. But a quick touch-up gave a big lift in looks – and price.

There’s an end in sight to the cycle of increases that has thrown the east coast-dominated housing market into decline. But it’s not making investors rush back. 

To sell an inner-city Sydney apartment today requires frank conversations with vendors, and a clear price guide for buyers. This one sold for $150,000 less than five years ago.

Home owners are fretting more than they should about missing out in a falling market, estate agents say.

Share We speak to the team behind the weekend’s most intriguing property sale. The property: A one-bedroom, one-bathroom apartment at 68/48 Alfred Street, Milsons Point, NSW. Sold before auction for $925,000. Who was the agent/agency? Todd Houghton, Duncan Grady, Raine & Horne North Sydney. How long was this on the market? [Grady] Two-and-a-half weeks. The one-bedroom apartment at 68/48 Alfred Street, Milsons Point, NSW, sold for $925,000.  Why did this one sell? [Houghton] The clients buyin...

Investors the only bright spot as new home loans fall Share Property investor loans were the only category to grow in February as new mortgage commitments to established owner-occupiers and first home buyers fell, new figures showed on Thursday. New investor loan commitments excluding refinancing of existing loans rose 4.5 per cent in seasonally adjusted terms from January, even as owner-occupier loans slipped 1.8 per cent and new mortgages to first-time buyers fell 4 per cent. While owner-occu...