Rare Australian homes held for decades flood the market

Key points

• Long-held Australian properties are reaching the market for the first time in decades as senior owners sell or pass homes to family. Raine & Horne Group executive chairman Angus Raine said intergenerational wealth transfer is creating rare buying opportunities.
• In Adelaide, a 92-year-old woman's Devon Park home sold at auction this month. A Parafield Gardens property on a 2313sqm block was listed for the first time in more than 60 years.
• Two country estates in NSW, owned by one family for over 30 years, have also been listed for sale.