Selling Houses Australia

Episode Guide

Glen Iris

Series 2 · Episode 7

For some, a beautiful house in the suburbs is a dream come true but for others it’s a nightmare. When Craig Hynes bought his three bedroom Californian bungalow in the Melbourne suburb of Glen Iris, he thought it would be a great place to live and a good investment. But it didn’t take long for recently divorced Craig to crave the city life, so he rented a city pad, put tenants in the house and listed it on the market for offers over $900,000. Unfortunately, the tenants didn’t work out and two months later, Craig was back mowing the lawns. For the last six months, he’s been chasing the market down, not to mention forking out for rent and a mortgage. Craig is desperate to sell up and move on before his house loses even more value, but with no furniture and a very tough market he’s struggling to find a buyer.
  • Glen Iris

    from Selling Houses Australia

    For some, a beautiful house in the suburbs is a dream come true but for others it’s a nightmare. When Craig Hynes bought his three bedroom Californian bungalow in the Melbourne suburb of Glen Iris, he thought it would be a great place to live and a good investment.

  • Glen Iris - Before & After

    from Selling Houses Australia · 1 minute read

    For some, a beautiful house in the suburbs is a dream come true but for others it’s a nightmare. When Craig Hynes bought his three bedroom Californian bungalow in the Melbourne suburb of Glen Iris, he thought it would be a great place to live and a good investment.

 
 

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2 comments
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Posted by Report
This guy got duded, 12 month later in 2010 there were record clearances and prices
Posted by dawnieburleighReport
It's pretty obvious that even with Andrew and crews makeover, a property is selling for less than the original asking price. It is so sad that you have to sell a property for less than you bought it but sell it while you can. No one wants to give their house away but with property values dropping every month you have to realise that it is only worth what someone will pay for it. Andrew can tell you that up this way (Gold Coast) some properties have dropped 30% in value.