This year marked a trend of real estate agents binning traditional sales tactics and delivering a warts-and-all pitch to attract buyers to throw down cash on challenging fixer-uppers. Hideous bathrooms, used medical equipment and zombie pools may not be appealing to some, but other buyers were not deterred as they battled to put a roof over their heads in the tiny pool of property in Perth and WA’s regions. A four-bedroom, one-bathroom home in Coolgardie sold in January for just $56,000 was one of the cheapest homes sold in Western Australia this year. The median sale price for the Goldfields town is $171,000.
The property was sold at a significant loss, with the original purchase price being $43,000 in 1978.
The Rise of the Suburban Dream Home
In the 1970s, the Australian housing market was experiencing a period of rapid growth and transformation. The post-war economic boom had led to an increase in disposable income, and people were eager to invest in their own homes.
“It’s not a zombie apocalypse, it’s just a pool that’s been neglected for a while,” he explained.
The Rise of the Zombie Pool
The term “zombie pool” has become a popular concept in the real estate industry, particularly in Australia.
Perth’s property market has experienced significant fluctuations, but remains a popular destination for property enthusiasts.
The Perth Property Market: A Buyer’s Paradise? The Perth property market has been a subject of interest for many investors and homebuyers in recent years. The city’s real estate market has experienced significant fluctuations, with prices rising and falling over the years. However, despite the challenges, Perth remains a popular destination for property enthusiasts. ### A Brief History of Perth’s Property Market
Perth’s property market has a long and complex history, with periods of growth and decline. The city’s real estate market was heavily influenced by the mining industry, which drove the economy and fueled property prices. However, with the decline of the mining industry, the market experienced a significant downturn. Key events that shaped Perth’s property market: + 2008: The global financial crisis led to a decline in property prices. + 2011: The mining boom ended, leading to a surge in property prices.
The 2023 Hotspotting List: A Year of Growth and Opportunity
The 2023 Hotspotting List, released by Hotspotting, has revealed the top locations in Australia for property investment, with several surprises and trends emerging. The list, which takes into account factors such as population growth, economic indicators, and infrastructure development, provides valuable insights for investors looking to make informed decisions about their property portfolios.
A Year of Growth and Opportunity
The 2023 Hotspotting List highlights several locations that are poised for significant growth and opportunity in the coming year. These include:
