Rising interest rates, soaring property prices and low listings have made some Aussies question whether they will ever become first-home buyers. 9News
On 1149 square metres, the property at 32 Peake Terrace requires TLC but has the bare bones in place.
Listed by Alastair Johnson of Spence Dix & Co Property, the home has also been angled at investors or renovators that are keen to "buy, improve and flip", given the farming district has a shortage of housing. "With a little bit of vision and work, you can turn this house into a very comfortable home," Johnson says on the listing.The timber floors could do with a revamp along with the stained carpet and some missing kitchen cabinetry.
Coonalpyn, which has a tourism industry and is known for its enormous silo mural, is experiencing a rental shortage for agriculture workers, the listing explains, offering the possibility of a return. Sheep, cattle, wheat, barley, canola, beans and peas are farmed in the region, about 143km south east of Adelaide.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why some Aussies ditching their debit cards this week7NEWS: Australians will pay with cash only in week-long protest against Tap-and-Go society
Read more »
‘Witch hunt’: RBA Governor under fire for rising interest ratesRBA Governor Philip Lowe is enduring a “witch hunt” for telling Australians in 2020/21 there would be no rate hikes until 2024, says UNSW Economics Professor Gigi Foster. “The man does not have a crystal ball,” she told Sky News host Andrew Bolt. “I see the last few weeks of this scapegoating as basically a witch hunt.”
Read more »
'It's soul-destroying': Angela rents in the most affordable capital city, but one more increase will make her homelessData from CoreLogic shows rental prices have continued to climb as the market battles chronic housing shortages and rising demand for housing. But despite an increase in the rental vacancy rate, rents are expected to keep rising.
Read more »
Rent prices to soar in Australia’s capital citiesNew real estate data shows Melbourne rent prices are rising faster than any other capital city with the most affordable homes being the worst affected.
Read more »
The fog of fear lifting as venture capital splashes $810m in three monthsThe largest private quarterly survey of the tech sector and its backers reveals the number of deals is rising, even as they take longer to complete.
Read more »