A Property Weekend
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What is the main topic discussed in this episode?
It's the Real Estate Podcast, brought to you by ANZ Home Loans for financial well-beings.
And welcome to another episode of the Real Estate Podcast, available on iHeartRadio every morning and on Spotify and Apple and wherever you get your podcasts from.
What is covered in the Sunday Rewind and episode overview?
Well, our weekend continues on this Sunday morning, the 25th day for September. Yes, October is just about here. And coming up is the Sunday Rewind, where we take a look back over the last seven days with some of the interviews, the predictions, the market trends, the analysis. And this morning on the Real Estate Breakfast, we're going to be talking Brisbane Olympics, Wollongong Cup, property including that half house that was listed for sale and also buying property with your siblings good or a bad idea and don't forget tomorrow for Monday we're going to be looking at the latest news from Perth and why the houses there are selling faster than a lot of other locations around the country if you're celebrating your birthday for the 25th have a fantastic Sunday Barbara Walters now
She is turning 92 today. She is a woman that has never looked her age and has done some amazing interview work. Also, Will Smith is turning 53. And on this day, Christopher Reeve, of course, Superman.
What weather and local updates are given for major Australian cities?
Unfortunately, he died on this day back in 2004.
We talk with leading property commentators with analysis, predictions, forecasts and what's trending every morning from 6.30. It's your weekend real estate breakfast.
Music
It's the main centre forecast with PRD, selling smarter every day.
Okay, let's check on your weather forecast on this Sunday morning. First to Sydney we go, expecting sunshine and 21 degrees. In Melbourne, good morning to you, expecting mostly sunny skies, a high of 20. And in Brisbane, also blue skies, sunshine with 27 degrees. And in Perth today, expecting partly cloudy day, but it should be mainly dry and your high of 19 degrees. And coming next, it's the Sunday Rewind.
Why is the ‘half house’ in Wollongong attracting so much media attention?
It's your real estate weekend podcast in review. So tell us a little bit about that because it's a 1950s home. As you say, it's an icon in the area. Everybody knows it. Everybody's got a bit of a theory about what's been going on with this house.
that's correct so everyone has had their theory of basically being half a house it must have been a bad divorce hence why there's a meme made about the property on google images and i actually did a bit of digging into the history of it and was able to dig up the original floor plan from back in the 1950 1951 originally it was to be designed as a three bedroom home with a living dining room kitchen and access to the rear
How long did the current vendor own the half house and what was the 1996 purchase price?
But to why it was never completed, it is still anyone's guess. The whole speculation of maybe it was a bad divorce or maybe back in the 50s, as items were really hard to come by back in those days for the build, it was just a build as you go type scenario.
Yeah. Yeah, okay. So what's been going on with this property? Like the vendor at the moment, how long has the current vendor who's bringing it to market owned the property?
So the owner had originally purchased it back in 1996. Unfortunately, the owner did pass away in April and the executive of the will has basically appointed myself and the team here at First National in Wollongong as the selling agency.
What do local agents say about Wollongong market demand and first home buyers?
And it's almost hit the moon in ways of media press, the amount of interest on the property and the land itself. Just everyone wants to know about it.
Yeah, it sounds like an interesting one. So the vendor, was the vendor owner-occupier living up until recently? He was, he was. Wow, so 1996 right through until 2022. Can you tell me, I don't know if you've got this on file, it would be interesting to know what the vendor paid back in 1996 for the property.
Yeah, so back in 1996, he paid a whopping total amount of $55,000. Wow.
Enjoy your morning coffee. It's your real estate weekend podcast in review.
These sort of properties, they don't come up all that often. And as Luke was saying, I mean, you just couldn't buy this sort of media retention, could you?
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:02–0:19
2
What is covered in the Sunday Rewind and episode overview?
0:19–1:33
3
What weather and local updates are given for major Australian cities?
1:33–2:26
4
Why is the ‘half house’ in Wollongong attracting so much media attention?
2:26–3:08
5
How long did the current vendor own the half house and what was the 1996 purchase price?
3:08–3:49
6
What do local agents say about Wollongong market demand and first home buyers?
3:49–4:43
7
Why does Noosa have a higher median price and what is driving its growth?
4:43–6:11
8
How does hosting the Olympics historically affect property prices and supply?
6:11–15:27
Speakers
5 identifiedMore from Aussie Real Estate Podcast
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Melbourne Property Market Distortion: First-Home Buyer Stamp Duty Cap Driving Price Pressure
Australia Housing Market Stability: Low Mortgage Arrears and Minimal Negative Equity Explained
Australia Property Prices Rising: Construction Costs, Materials and Fuel Driving the Market