Business
Australia’s real estate market ‘seems quite odd’. Even the experts are finding it hard to read – ABC News
Rental prices are rising in some places and falling elsewhere. Sale prices are going up at different rates in different areas. Experts say the housing market has…
On the eve of Victoria’s last lockdown, Peter Mares was feeling cautiously optimistic.
He was about to bid on behalf of a friend for a two-bedroom apartment in Princes Hill, in inner Melbourne.
Listed as an “impeccably maintained retro”, Mares describes it as the best-situated flat in an ugly block of dark brown brick walk-ups dating from late 1960s.
When it came to price, he tells ABC RN’s Saturday Extra, he had a buffer of $100,000 above the advised price range.
“I was authorised by my friend…
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