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Sydney rental market: High demand during lockdown sends rents soaring


House and unit rents in Sydney are back on the rise. Photo: Peter Rae   The cost of renting a house in Sydney has reached new heights, with asking rents increasing by at least $50 a week in three months in some regions, despite the city’s lockdown.   House rents in Sydney climbed to a record high of $580 per week over the September quarter, rising 5.5 per cent or $30 in the first increase in a year, according to the latest Domain Rent Report, released on Thursday.   Unit rents are also back on the rise for the first time in a year-and-a-half, lifting 3.2 per cent or $15 over the quarter to a median of $485 – though still $65 lower than the 2018 record.   Sydney’s rental market continues to be the third most expensive in the country, coming in cheaper than Canberra, where the house median sits at $645, and Darwin at $620. But it sits well above the Melbourne market, where the median has held at $430, m...


Sydney homes selling fast thanks to post-lockdown real estate surge


Almost 7000 new homes have hit the Sydney market since the start of October as buyers with pre-approved finance rush to secure a property before increased lending restrictions come into play.   Homes are also selling faster than at any time this year amid a post-lockdown flurry and the return of on-site auctions last weekend.   Data compiled exclusively for 9News by My Housing Market reveals Sydney's fastest-selling suburbs are Seaforth where homes are snapped up in just over 11 days and Allambie Heights where they're sold in 12.   Sydney homes selling faster than ever thanks to a post lockdown surge. (Peter Rae)   Homes in Glenwood and Botany are selling in just over 15 days while it's taking 16 in Dover Heights.   Oyster Bay, Frenchs Forest, Rozelle, Paddington and Five Dock round out the top 10 fastest-selling suburbs, based on a minimum of 10 sales in the suburb over the last 45 days.   "Sydney h...


More than a third of Aussie homebuyers borrowed more than expected to get start in property market


More than a third of buyers who purchased a property in the last five years borrowed more money than they originally planned to, new research has discovered.   Home loan comparison site Compare The Market polled 510 people who purchased a property between 2017 and 2021, finding large swathes of buyers who took larger risks than they anticipated to get their foot in the market.   Of the new buyers, 36 per cent said they borrowed more than initially planned and 40 per cent said they borrowed the absolute maximum they were allowed to.   More than a third of recent buyers were forced to borrow more than they originally expected.   A total of 81 per cent said they were confident they could afford their repayments if interest rates were to rise — leaving 19 per cent who were less than confident.   Digital banking expert from Compare the Market David Ruddiman said the fear of missing out is a powerful motivator.   "...


Top Ten Tips to Increase Your Home's Value Before Selling


If you’ve been thinking about selling your house at some point in the near future, you’ll want to start getting ready as soon as possible. For many homeowners, this includes grabbing a set of tools from the shed and getting your hands dirty. For others, it just means calling a tradesperson. Selling a home in Australia’s competitive real estate market can be facilitated by having a fully functional, aesthetically attractive home. Simply offering the lowest price on the block is not enough to make a lasting impression. When potential buyers are viewing several homes in your neighbourhood, you’ll want yours to be the one that stands out for the right reasons.   With the solid advice of a local real estate agent, you can make your house as close to turnkey standards as possible. A turnkey home is a house where a buyer can move right in without the need for any initial repairs. Many buyers don’t want to put more money and effort into a project ...


5 quick DIY home maintenance jobs to tackle before winter departs


When it’s freezing outside, being cosy and comfy at home is of the utmost importance. But just like a garden, your home needs to be tended to regularly to ensure it’s in optimum condition.   You’ll save a lot of time, effort and money in the long run if you keep on top of your home maintenance while avoiding the sort of issues that could threaten your warm and peaceful sanctuary.   Start with these simple tasks to keep your home healthy and happy through the colder months.    Clean your gutters Cleaning out gutters twice a year can save major hassles down the track. Photo: iStock “As soon as the leaves stop falling, we say to get your gutters cleaned out, particularly in Melbourne,” says Ross Veitch, proprietor at Hire-A-Hubby in Templestowe, in the city’s north-east. “If you haven’t got clear-flowing gutters, you’re likely to get water backing up. And then you start to get leaks around the eave...


Creating a functional study on a budget in seven easy steps


People regularly ask me how I can improve the functionality of working at home without it costing a bomb.   What equipment do I need? How should I make sure the workflow is optimised for efficiency?   All of these are the right questions. My answer though generally starts somewhere other than thinking about the right size desk or lighting or even the feng shui of the entire room.    I always start by asking the person what motivates you? What inspires you? What times of the day do you feel you’re at your peak efficiency? What kind of environment do you work best within?   Finding your ultimate working space will enable you to be happier and more productive. Picture: Getty   1. Figure out the way you work   These answers are not the same for all people. Some people need a very minimal distraction to get things done. Others feel a bit of isolation and in turn a bit nervous when there are no other stimuli in a room. ...