Planning developer Tom Sargeant says he’s not sure how many houses he could afford to buy at the moment.
“I’ve been looking at it for about three months,” he said.
“There’s a lot of houses out there that I could possibly be able to afford, but I’m not sure what the future holds for me.”
I think if the property market were to recover, that would be pretty exciting.
“The thing that would probably be most exciting to me would be to buy one of those [smaller] houses.”
Mr Sargeants wife, Emily, lives in the property and is keen to buy, he said, but it would take time to build a house and get the money together.
“It’s an interesting project that I would definitely look into,” he added.
“You’d need to get the finances right, and it’s definitely not as exciting for me as it would be for someone who was able to buy and live in a small house.”
Mr Cottam said the market had improved since he first started looking at properties in the late 2000s, but he was not surprised to hear the property agent had fallen behind.
“With property market conditions now, the prices that were originally affordable are not affordable anymore,” he told news.com:au.
“That’s not to say that they’re not affordable now, but if you’re going to build the house, you have to get it built right.”
For those interested in buying, the realtor is offering the opportunity to buy up to two homes per property, for a total of up to $10 million, up to a maximum of $50,000.
For more information, contact the Real Estate Agents Association.