Converted substations creating a buzz with home buyers

A 1948 built Brisbane tramway substation-turned-New York style warehouse is generating strong interest, with three buyers who missed out on it at auction 11 years ago returning for a second look. It’s not the only former substation to be given a new lease on life, with several ultra-cool residential conversions currently listed on realestate.com.au. Set … Read more

Sydney auctions 2024: Talk of interest rate cuts ahead encourages buyers

Auctioneer Andrew Robertson brings down the gavel at 20 Cope St, Lane Cove today. Picture: Julian Andrews It was the first big auction day of the year and with growing talk of interest rate cuts, agents across Sydney reported renewed enthusiasm from home buyers. Belle Property Lane Cove agent Tim Holgate had seven registered parties … Read more

What buyers want: The most sought after property features

A swimming pool in the backyard is still the quintessential Aussie dream, but more homebuyers are considering dual living arrangements amid the rising cost of living. These are the trends to emerge from an analysis of the keywords homebuyers searched for most on realestate.com.au last year. Buyers have again placed ‘swimming pool’ at the top of the … Read more

Mortgage rate decline pulls buyers back into the housing market

A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more. Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie … Read more

Falling mortgage rates lend a helping hand to home buyers

Mortgage rates fell for the eighth consecutive week, giving cash-strapped home buyers some relief as the new year approaches. The average interest rate on the popular 30-year fixed mortgage clocked in at 6.67% for the week ended Dec. 20, down from 6.95% a week earlier, according to data released Thursday by mortgage giant Freddie Mac. … Read more

Opportunistic buyers are on the hunt for distressed listings

Searches on realestate.com.au suggest buyers are seeking distressed sales in the hope of snagging a bargain. But they may be out of luck. Buyers are becoming increasingly opportunistic, according to search data, and are looking to pick up a distressed listing that someone wants to offload quickly, hopefully for a discount. But this talks more … Read more