Selling Houses Australia

Glen Iris (2x7)

Air date: May 06, 2009

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.