COVID restrictions such as no open homes and online auctions have certainly not hurt house price growth in recent times. Yet the news that in NSW at least that open homes are back, along with on-site auctions is expected to ramp up even further interest in the hot property market. For all the ins and outs of the new real estate rules, we have a full guide. Meanwhile it seems it pays to put off making a decision - like selling a home - as the sale of a NSW South Coast home this week showed. The Gerroa property sold for $7.1 million, which is $4 million than the price guide for the luxury home in 2020. The latest sky-high price comes as coastal Illawarra and south coast properties continue to beat records. Also on the NSW South Coast, that has made an appearance on Married at First Sight amongst other TV shows has now hit the market. The Black Chapel estate in Wollongong's northern suburbs has a price guide of $4 million. In Newcastle meanwhile a family home is hitting the market after being in the one family for 110 years. The current owner's grandparents bought the property in 1911, and original photos of the home at the time show how much the Maryville area has changed. And new research has revealed the regional markets where house values have grown the fastest since the beginning of the COVID-19 pandemic, with one region clocking a 50 per cent price increase. Canberra residents who buy off the plan may soon have further protection when they do so with the ACT government set to investigate rules around sunset clauses. The decision was announced after some buyers at one Canberra new development had their sales contracts cancelled.
COVID restrictions such as no open homes and online auctions have certainly not hurt house price growth in recent times.
Yet the news that in NSW at least that open homes are back, along with on-site auctions is expected to ramp up even further interest in the hot property market.
For all the ins and outs of the new real estate rules, we have a full guide.
Open Homes are allowed again in NSW, as COVID restrictions are eased across the state.
Meanwhile it seems it pays to put off making a decision - like selling a home - as the sale of a NSW South Coast home this week showed.
The current owner's grandparents bought the property in 1911, and original photos of the home at the time show how much the Maryville area has changed.
