Guy on Rocks: Sarama Resources
This week, Guy looks at metals markets and the economic impact on rare earths projects from the US Department of Defense before turning to Sarama Resources (ASX:SRR) and more than a thousand square kilometres of highly-prospective Archean greenstone belt now under its control by the gold capital of Laverton.
While White Cliff Minerals and Meteoric Resources did not collaborate on this video, they are Stockhead advertisers at the time of publishing.
The views, information, or opinions expressed in this video are solely those of the author and do not represent the views of Stockhead.
Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
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News.com.au
44 minutes ago
- News.com.au
Glen Iris Spanish Mission time warp hits market for $1.6m
A Glen Iris 'time warp' frozen in the 1920s has hit the market offering buyers the rare chance to rescue a crumbling Spanish Mission treasure — or reinvent it entirely — in one of Melbourne's most tightly held school-zone pockets. The four-bedroom house at 413 Burke Rd, Glen Iris has sat untouched and unoccupied for 11 years, its ornate ceilings, timber panelling and leadlight doors still intact but surrounded by cracked plaster, sagging ceilings and decades-old carpet. The decaying Glen Iris home is asking for little more than half the suburb's $2.387m median house price presenting a rare chance for buyers to secure and revive a Spanish Mission classic and move into a well sought after area. New $60m Melb shopping centre unveiled 'F**king nice house' goes viral The property is attracting architects, seasoned renovators and bold buyers with an eye for transformation. Shelter Real Estate director Todd Braggins said the home was a rare survivor of the 1920s Spanish Mission era, tucked within a Camberwell-adjacent enclave prized for its proximity to Melbourne's elite private schools. 'It's part of a larger estate that was built west of Burke Rd and south of Toorak Rd in that 1920s period,' Mr Braggins said. 'The home hasn't been lived in for over 11 years and does need significant work — you'd be looking at replacing the roof and removing the lean-to out the back — but the original character is still there in the front rooms.' The front formal rooms retain their dark timber joinery, ornate fireplaces and decorative ceilings, while the faded carpets and peeling walls speak to decades without maintenance. Mr Braggins said despite its condition, buyers are circling. 'We've had couples and even architects show strong interest, particularly those who've restored similar homes nearby,' he said. 'This isn't a first project, it's one for someone experienced, who sees it as an opportunity to showcase their ability to restore, extend and modernise something with obvious character.' The Shelter Real Estate director estimated a full internal renovation could lift the property's value to around $2.7m-$2.8m, while a substantial extension and second storey in line with current planning approvals could push it into the early to mid-$3m range. 'This is a blue-chip pocket,' Mr Braggins said. 'You're talking school zones, freeway access, medical professionals and families who want proximity to Camberwell Junction. 'Homes like this, once transformed, can command a real premium.' The sale also comes as confidence returns to Melbourne's property market with Mr Braggins saying there was a significant increase at open for inspection attendance since the Reserve Bank's rate cut. 'It shows people feel we're at the floor of the market. With interest rate cuts expected, demand is only going to rise,' he said. 'Interstate buyers, particularly from Sydney, are starting to see value in Melbourne, while there's still strong Chinese interest ahead of possible foreign buyer restrictions.' Expressions of interest for the Burke Rd property close on August 20 at 2pm.
News.com.au
44 minutes ago
- News.com.au
Secret areas where Aussie home prices are booming
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News.com.au
44 minutes ago
- News.com.au
Jim Chalmers' spat with Shadow Treasurer Ted O'Brien over spending pressures, outlines seven key budget pressures
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