First-time buyers ready for restoration dream

first_imgThe home at 38 Hunter St, Wooloowin.IT was a case of the first home buyer beating the developer for a change when a house in Wooloowin sold under the hammer recently.The two-bedroom home on an elevated 728sq m block at 38 Hunter St had been in the same family for eight decades before selling to a young couple for $890,500.Amanda Butler, of Butler and Co Estate Agents, said the buyers planned to restore the 1936 house and make it their dream family home.“The seller was happy about that,” she said.“It was very emotional for the seller but the time was right to move on.”More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019The auction attracted five registered bidders — a mix of developers and first home buyers.Ms Butler said developers had been keen on buying subject to conditions, but the auction format suited the young first-time buyers the best.The home had been marketed as an opportunity to either renovate or develop, given its zoning and proximity to schools, public transport and local amenities.It comes with all the original features you would expect from a property of that era, including ornate ceilings and dark hardwood floorboards.The large back deck offers views across the suburb and the range.Ms Butler said Wooloowin was a high-demand market given its location, just 6km from the CBD.According to data from CoreLogic, Wooloowin has a median house price of $735,500 and a median unit price of $479,000.last_img read more

Top 10 Sensex cos add Rs 74,521 cr in market cap

first_imgNew Delhi, Sep 20 (PTI) The top 10 most valued Sensex companies together added Rs 74,521.57 crore in market valuation last week, with Sun Pharma emerging as the biggest gainer amid a strong stock market. On a weekly basis, the Sensex rallied 608.70 points, or 2.37 per cent, to 26,218.91. The market capitalisation (m-cap) of Sun Pharma surged Rs 14,318.55 crore to Rs 2,17,806.55 crore. RILs valuation zoomed Rs 11,026.64 crore to Rs 2,89,871.64 crore and that of HDFC Bank soared Rs 10,257.25 crore to Rs 2,63,850.25 crore. The market cap of SBI advanced by Rs 9,231.28 crore to Rs 1,83,367.28 crore and ONGC added Rs 8,897.99 crore to Rs 2,04,133.99 crore. CILs valuation climbed Rs 5,810.88 crore to Rs 2,16,682.88 crore while that of HDFC jumped Rs 5,684.67 crore to Rs 1,90,868.67 crore. Similarly, the m-cap of ITC went up by Rs 4,372.84 crore to Rs 2,55,545.84 crore, Infosys (Rs 3,226.96 crore to Rs 2,53,754.96 crore) and TCS (Rs 1,694.51 crore to Rs 5,00,288.51 crore). TCS took the lead in terms of ranking followed by RIL, HDFC Bank, ITC, Infosys, Sun Pharma, CIL, ONGC, HDFC and SBI. PTI SUM ARDlast_img read more