Raj and Reenu Bakshir finally lodged the winning bid on a home in Agnew Street, Norman Park after attending five or six auctions in the past couple of months.
The three-bedroom pre-war home sold for $980,000 – 41 per cent higher than its last sale price in 2016. He said it felt like prices had stabilised in the last month, which he hoped would mean more "normal working people" could buy homes with less competition from developers and builders. "This place was just down the road, and it took my interest because of the age of it. I thought it might go for a bit less than some of the other houses around the area," Mr Wardrope said."It was pretty much the only thing I could afford with the first home owners' grant at the time, so I got my stamp duty off which was a real help," he said.
Not a bad style of a house. $980k? I don't think so? That house is not worth $980k? Someone somewhere has just made a bucket load of ezy money. This whole so-called normalised property market as we now know it is not looking good for the future. Trouble times ahead. Guaranteed
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: abcnews - 🏆 5. / 83 Read more »