Manly house gets $21.5m, but it’s still a buyer’s market

But AFL chief’s home can’t sell

The five-bedroom house on 1003sq m at 14 Alfred Street, Kew in Melbourne’s eastern suburbs sold for $7.38 million. Overall, however, prices are falling and were likely to keep falling, said Mr Christopher, the managing director of consultancy SQM Research.Rates will keep rising, but hopes are rising for an end to the increases. The Reserve Bank of Australia, which lifted borrowing costs a less-than-expected 25 basis points this month, was likely to increase them again next month and would then consider a pause, Mr Christopher said.

Buyers definitely came back into the market this weekend in SEQ.

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