The next time you’re looking for cheap properties in Australia, look no further than the Sunshine Coast.
It is home to one of the hottest real estate markets in the country.
A real estate agent with more than 20 years’ experience is currently looking to buy property in the Sunshine State.
In fact, the agent is selling her property for $2.5 million.
She has just two months to get the deal done.
The agent is now selling a property she bought in 2017 for $1.3 million.
It’s been four years since the agent first bought the property for a whopping $1 million.
That property is a $2 million home that sits in the backyard of a home she lives in.
“I’ve lived here for seven years,” she said.
“It’s not like we just moved in here for the weekend.”
We’ve been here for over seven years.
“She has never rented out the property.
She said she is in the process of trying to get a lease on the property and it will be ready for her to move into.”
For us to move in and not have to worry about paying the rent, I think that’s a huge plus for us.
“The Sunshine Coast has been a hot real estate market for years.
But the boom is turning into a bust.
Property sales are down in the region.
But, real estate agents say that has nothing to do with the boom.”
The boom is actually down in Sydney and Melbourne,” said real estate manager and agent of more than a decade, John Huggins.”
That’s due to the low interest rates in the state.
“Real estate agent John Hoggins is selling his home in the West of Sydney for $5.5million.”
In the West Sydney market, it’s a very low-interest rate property,” he said.
But for many in the market, that rate is no longer enough to justify the cost.”
A lot of people are struggling, because of the high interest rates, to get that money,” he explained.”
And you see a lot of agents selling homes that are just barely out of their deposit.
“He said a lot people had been forced to sell because they could not afford to pay the mortgage.
The real estate industry has taken a hit.”
Real estate is in a downward spiral, and you have to get real estate into a safe environment,” Mr Hoggis said.
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