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More tales of home sales in Dickson

By Paul Costigan - 30 August 2017 5

The neighbourhood had their answer. The signs went up – and yet another original style (AV Jennings) house was about to be put on the market.

Renovations, cleaning up and a little landscape work had been ongoing for a year or so. This may not have caused much notice elsewhere, but this house had remained as original since the sixties and now there was a burst of activities where there had been almost none over those decades.

And so the neighbours watched and wondered, just what price do you get for a standard 3-bedroom house, now with a make-over (kitchen, bathroom and painted throughout)?

There has been a recent spat of high prices in this part of Dickson, being east of Cowper Street (middle Dickson). I have posted twice before on this. First there was the 3-bedroom that caught everyone by surprise; and more recently a few more that indicated that this level of sale price was now the norm.

There was a couple that were close to each other and sold last month; one going for $925,000 and the other $995,000 – the latter being bought in March 2015 for $609,000.

And there’s more… A ‘fluffy’ block – now cleaned and ready, sold for $810,000. That means since it was last sold – with house – in 2006 – at $350,000 – it has more than doubled in price but you don’t get a house for your $810,000.

So back to the house that had intrigued people as it was readied for sale. The improvements would not have been cheap in total. So it must be expected that the owner will get that back and more. Will this be the first of these standard houses to go for that wondrous $1 million?

While the auction is set down to be Saturday 9th September, people have already been spotted standing around the front and looking as though they were sending the estate agent back inside with another offer. Is it possible that the house may not go to auction?

Will someone desperate to get into Dickson be tempted to offer that not easily refused high price to ensure that have a home close to many amenities and in a neighbourhood embraced with greenery and surrounded by parklands.

It has happened twice before in the same street when houses are taken off the market before the auction because an offer too good to refuse was taken by the owners.

And I must admire the spin being used, apparently, from this house you will access the tram. Everyone who knows better just rolls their eyes. To do so would mean walking double the distance compared to simply catching the many buses that run along Cowper Street.

So we wait for 9th September? What price? Will it burst through the one million dollars? If it happens, that 9th September auction could set a record – for this basic style project house in middle Dickson. But I doubt it – something around $900.000 is more likely. But it’s an auction – so anything goes.

It also means that we now need to watch for more dubious actions by real estate agents flying a drone up and down streets and over the heads of people who will be surprised, just as happened in the original case. Will that next drone be the first sign of another house sale?

What’s Your opinion?


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5 Responses to
More tales of home sales in Dickson
chewy14 8:04 am 10 Sep 17

Lucy Baker said :

chewy14 said :

Yep, another perfect example of the massive windfall benefit coming to private landholders because of the tram. Giving mainly well off inner city land owners hundreds of thousands of dollars profit, all paid for by other ratepayers.

And despite the authors assertion, the tram is clearly the main factor driving these price changes, with this house being a 10-15 minute walk from the tram line. And yes, currently there are buses running along Cowper St, but how will these by changed in the future? Most likely they will to funnel people to the light rail route rather than being as they are today.

Nowhere near light rail. Near the wetland and away from the developer zoning.

I know exactly where it , a 10-15 walk from the light rail route which, unless you’re extremely naiive, is the main factor driving these house price increases.

To suggest it’s “nowhere near” light rail is ignoring the context.

Lucy Baker 4:45 pm 09 Sep 17

chewy14 said :

Yep, another perfect example of the massive windfall benefit coming to private landholders because of the tram. Giving mainly well off inner city land owners hundreds of thousands of dollars profit, all paid for by other ratepayers.

And despite the authors assertion, the tram is clearly the main factor driving these price changes, with this house being a 10-15 minute walk from the tram line. And yes, currently there are buses running along Cowper St, but how will these by changed in the future? Most likely they will to funnel people to the light rail route rather than being as they are today.

Nowhere near light rail. Near the wetland and away from the developer zoning.

Paul Costigan 3:04 pm 09 Sep 17

sold today: $1,009,000

chewy14 11:34 am 31 Aug 17

Yep, another perfect example of the massive windfall benefit coming to private landholders because of the tram. Giving mainly well off inner city land owners hundreds of thousands of dollars profit, all paid for by other ratepayers.

And despite the authors assertion, the tram is clearly the main factor driving these price changes, with this house being a 10-15 minute walk from the tram line. And yes, currently there are buses running along Cowper St, but how will these by changed in the future? Most likely they will to funnel people to the light rail route rather than being as they are today.

HSewell 9:59 am 31 Aug 17

No-one currently house-hunting would be surprised by any of the above.
As a suburb, Dickson no longer exists in any meaningful way. It is now much more appropriate to think of it as 2 suburbs: West Dickson (west of Cowper) and East Dickson. West Dickson is being bought up by developers and turned into apartments. This means that, if you want to buy a house in Old Dickson, your only choice now is East Dickson, and it means that the supply of Dickson houses is diminishing.

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