Author: Eliza

News Corp Australia Network

A cash buyer took an early morning flight from Sydney to bid at the auction of a Hollywood Hills-style home in The Gap that eventually sold under the hammer for $2.075m.

“It was our work Christmas party last night,” Pulse Software head of technology Craig Atherstone said.

“Both my partner and I work from home in Brisbane but I flew down for the party and came back this morning. The plane was delayed, but I made it in time.”

Three bidders joined him on the back deck of the stunning Spanish-inspired house at 73 Yarrabee Rd, The Gap for the morning auction, with cicadas and birdsong the only competition for auctioneer

Ten years, three kids and a knockdown-rebuild later, vendors Danni and Ben Fahey farewelled their family’s four-bedroom Hoppers Crossing home on Saturday as they get ready to upsize in Kingsville.

The couple first moved into the 34 Branton Rd pad in 2011 with their two children, and lived there for more than seven years before the arrival of their third child made them re-evaluate the size of the home.

“Renovating it looked like it would cost almost as much as knocking down and rebuilding, so we realised we were better off to build a brand new home and reposition it in the best way possible,” Ms Fahey said.

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LOS ANGELES (AP) — Homebuilders have pumped the brakes on new single-family home construction this year, a trend that’s likely to extend into 2023, according to several forecasts.

Single-family housing starts were running at a seasonally adjusted annual pace of about 1.16 million properties in January, when the average rate on a 30-year mortgage hovered below 4%. By October, starts had slowed to a seasonally adjusted annual pace of 855,000, as long-term mortgage rates climbed above 7% for the first time in two decades, crushing many would-be homebuyers’ purchasing power.

The slowdown has single-family housing starts set to fall for the first time in 11 years, with another pullback likely in 2023.

Carl Reichardt, a homebuilding analyst at BTIG, forecasts that single-family housing starts will drop about 11% this year and double that in 2023, before climbing 5% in 2024.

A homebuilding industry forecast released this week by Fitch Ratings

News Corp Australia Network

There are already seven registered bidders for this rundown Townsville CBD cottage, but the agent reckons that will double by auction day.

Located at 273 Stanley St, the cottage is a bit worse for wear, with the brick front porch almost non-existent, parts of the gutter have come away, windows are boarded up and the 208sq m block is strewn with fallen branches and twisted foliage.

It is being marketed by Ian Clarke of Ian Clarke Real Estate on behalf of the Public Trustee, and will go to auction on Saturday at 10am.

“It has been pretty popular,” he said.

“There are seven registered already but I reckon that will double, or get to at least 15 by auction day.”

And Mr Clarke has a pretty good track record for drawing huge crows to his Public Trustee auctions.

Late last year, a hoarder house in West

THIS immaculately-presented Queenslander on a large 1012sq m block has all the signature features of a Queenslander, with casement windows with tinted panels, tongue and groove walls, high ceilings and black bean timber floors.

Ray White Cairns South agent Therese Plath said the four bedroom property at

57 Riverstone Road, Gordonvale, had great views to the landmark Pyramid mountain.

“It is a picture perfect highset character Queenslander,” she said.

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