Rare Australian homes held for decades flood the market
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.