â$100k blindsideâ: Home buyers stung by greedy vendors Queensland is in the midst of housing market boom and yet some houses are still not selling at auction and itâs all down to greedy vendors.
Property by Darren Cartwright
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Subscriber only Greedy vendors are squeezing every dollar out of desperate home buyers, some even holding out for unrealistic reserves that have forced sellable properties to be passed in, experts say. Over the past few weeks, several houses have failed to sell with real estate agents quietly claiming it is purely because of unrealistic reserves. One agent, who did not wish to be named, said one property they listed failed to sell at auction after the vendor factored in a 20 per cent increase in the reserve to offset the rising property market.
Queensland continues to benefit from the Liberal and Nationals Government's record infrastructure investment, with funding for major new projects to be.
Property market update: Brisbane, March 2021
By Zarah Mae Torrazo
23 April 2021
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1 minute read
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Brisbane’s property market continued its steady upward trajectory in March, building on its resilient performance throughout the COVID-19 pandemic. Is 2021 the year when the Sunshine State capital will be a frontrunner among its capital city peers? p Brisbane’s property market continued to defy pessimistic forecasts in March, recording the fastest rate of monthly growth the span class b-autolinkshadowbox Sunshine span class b-autolinkshadowbox links a href https://www.smartpropertyinvestment.com.au/data/nsw/2264/sunshine Sunshine, NSW /a a href https://www.smartpropertyinvestment.com.au/data/vic/3020/sunshine Sunshine, VIC /a /span /span State capital had seen in several years. /p