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Steve
NSW: Sydney inner west market was on all fire on its first online auction weekend
Sydney
The National Cabinet’s decision to place a ban on on-site and in-room auctions had little impact on the inner west, with the region recording the best clearance rate in Sydney. CoreLogic reports that the inner west scored a 68 per cent clearance rate with 51 out of 75 properties selling on the day or prior to it. Despite the clearance rate being 10 per cent down from last week, it was still 21 per cent above the Sydney-wide score of 47.3 per cent. The region was also 11 per cent ahead of Ryde, which was the second best area in Sydney with a 57.1 per cent clearance rate. In Marrickville, a four-bedroom home sold via online auction to a family who viewed the property just four hours before it went under the hammer. The family went up against three other buyers for 15 Tamar St, Marrickville, which was broadcasted via Auctionslive, with Richardson and Wrench Marrickville staff on phones to bidders as back-up in case of any technology glitches. The competitive auction saw the home sell for $15, 000 above the reserve at $1.515 million. Richardson and Wrench Principal Aris Dendrinos, said it was a difficult decision whether to move to a private treaty sale, but the vendor was determined to proceed with an online auction. “We had a lively auction that was kind of weird exciting, a vendor who was prepared to meet the market if necessary, and enough competition to produce a strong sale, ” he said. A bidding frenzy from eight registered bidders saw a quintessential Newtown semi sell for $85, 000 above reserve. After the opening bid of $1.15 million, more than 90 bids were traded between four active buyers, before a young single male landed the knock out blow of $1.415 million. Ray White Surry Hills director Shaun Stoker said despite the auction not taking place on-site at 88 Darley St, it was highly competitive. “We’d carried out dry-runs for a few hours on Thursday and Friday to ensure our bidders and buyers had a smooth and seamless experience and that certainly paid off today, ” he said. Source: x Coronavirus real estate: Inner west market fires o... It was business as usual for the inner west during the first weekend of online auctions, with the region scoring a clearance rate 21 per cent higher than Sydney as a whole. www.realestate.com.au
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394 Views
Royal
Rental market amid COVID-19 crisis
It’s impossible to tell what the future holds for Australia’s property market amid the rapidly evolving pandemic situation. But we are starting to see a change in dynamics , and it appears the rental market is the first to be hit. The Federal Government is currently in discussions with state and territory leaders about model rules for landlords and tenants in the current climate. A decision is expected in the coming days. But for now, search activity for renters is unstable. Job losses are having an impact The one major influence on rental activity is a change in employment conditions, and we’re now clearly seeing COVID-19 impacting the rental market. Search activity from renters is down over the past two weeks but it is also down year on year. This is unsurprising given that most renters are young and fall into the low-income bracket. Rental listings are on the rise The other indicator we’ve been monitoring is listings, and currently the number of rental listings is rising. This is partly because many homes that were rented out as short-term accommodation are now being listed as long term. The buyer market is still buoyant While the rental market is starting to show signs of the impact of COVID-19, the buyer market is holding up relatively well, for now. Search activity has slowed over the past two weeks but it is still well up compared to the same time last year. Property is a safer gamble While property will be impacted over the next month, it is still generally considered safer than the sharemarket, which continues to show incredible amounts of volatility. As yet, we are not seeing distressed sales, likely because most banks are now offering six-month mortgage repayment breaks to people impacted by COVID-19 job loss. Property owners and buyers are showing positive signs, all things considered. However, sentiment is likely to change over the coming month. Investors without a tenant may struggle to pay off loans, and as unemployment rises we might start to see distressed sales occurring. Read more: x Rental Market Take A Hit From COVID-19 - realestat... It’s impossible to tell what the future holds for Australia's property market amid the rapidly evolving pandemic situation. But we are starting to see a change in dynamics on realestate.com.au, and ... www.realestate.com.au
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333 Views
Joshua
ACT: Ginninderra Village, biggest tourist hub of ACT is on market for sale
Sale
It’s not every day that a whole village is offered for sale – especially in the heart of one of Canberra’s most popular tourism precincts. Ginninderra Village, in Nicholls, spans 11, 984 square metres and comprises six single-storey buildings with a history of specialty arts and crafts, hospitality and other retail offerings. It is slap bang in the middle of one of the ACT’s biggest tourist hubs Gold Creek Village, the long-term home to popular attractions including Cockington Green, the Australian Reptile Centre, the Bird Walk, Federation Square, the George Harcourt Inn and the National Dinosaur Museum. Read more: x Historic Ginninderra Village 10 kilometres from Ca... It's got a long history as a tourist destination, and some buildings date back more than a century. www.commercialrealestate.com.au
0 Reply
391 Views
Vijeshkhanna1
Land for sale in Schofields
Schofields
RARE OPPORTUNITY TO OWN LAND IN SCHOFIELDS Call me on 0406 786 000 or Call Jassie Singh 0400 288 799 for more information. More lots available North, North East, East aspect lots available Land only option available too Level or near level lots, ready to build your next dream home. Nanak Real Estate Nanak Constructions
2 Replies
387 Views
Vijeshkhanna1
Nelson Estate - Box hill
Nelson
Nelson Estate -Bigger backyards at Box Lots ranging from 310sqm to 638sqmt Level lots, all suitable for double-garage 5 min drive to Rouse Hill Train Station, Town Centre & proposed NW Hospital Easy access to Norwest Business Park close to new Box Hill Town Centre & Nelson Rd Shopping Village Easy reach to schools Call today to secure your Dream Home. Jassie Singh on 0400 288 799. Vijesh Khanna on 0406 786 000 We have everything under one roof home loan, property sales and construction. https://www.joshfs.com.au/ https://www.nanakre.com.au/ https://www.nanakconstructions.com.auNelson Estate -Bigger backyards at Box Lots ranging from 310sqm to 638sqmt Level lots, all suitable for double-garage 5 min drive to Rouse Hill Train Station, Town Centre & proposed NW Hospital Easy access to Norwest Business Park close to new Box Hill Town Centre & Nelson Rd Shopping Village Easy reach to schools Call today to secure your Dream Home. Jassie Singh on 0400 288 799. Vijesh Khanna on 0406 786 000 We have everything under one roof home loan, property sales and construction. https://www.joshfs.com.au/ https://www.nanakre.com.au/ https://www.nanakconstructions.com.au
0 Reply
686 Views
Avneet Kapoor
Any Home and Land Package near Hornsby?
Hornsby
Any Home and Land Package near Hornsby?
1 Reply
379 Views
Simon
Top three houses with tennis court for sale in Gold Coast
Sale
If the buzz surrounding the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are the top three properties on the Gold Coast with tennis courts. IF the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are three of the best properties on the Gold Coast market with tennis courts: 1. A tropical oasis awaits at 44-48 North Point Ave, Kingscliff. Price: $6.995 million This is unique because it is the only property available with a tennis court on the beachfront between Byron Bay and the Gold Coast 2. 11-19 Hidden Court, Kingsholme Price: $1.795 million The northern Gold Coast is home to many acreage retreats so it’s no surprise to find a luxury hideaway complete with a tennis court. On top of a ridge and offerings views to Moreton Bay and Stradbroke Island is a resort-style five-bedroom property on the market at $1.795 million. 3. 1 Winchester St, Southport Auction: February 2 The European-inspired estate features a raft of luxury features including a pool, tennis court, two gazebos and a dining pavilion. For more information x Top three houses for sale on the Gold Coast with t... If the buzz surrounding the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are the top three properties on the Gold Coast with tennis... www.realestate.com.au
0 Reply
646 Views
Royal
How Much Should You Pay or Offer Below the Asking Price?
Price
We all want to buy our house or our next investment property at the lowest price possible, or at least get good value for our money.You now know that the asking price quoted by the selling agent will usually be more than the owner is willing to take for their home. Everybody knows that the asking price quoted by the agent will usually be more than the house owner is willing to take for their home. It’s just part of the real estate market – they expect to come down in price as part of the negotiation process. So how much do you offer? If you ask the selling agent what price you should offer, you’re asking the wrong person. The selling agent is paid by the seller to represent them and to get the best price possible. Despite this we would still ask them what they would consider was a ‘fair offer’ and then ask them to justify it with a list of comparable sales. You are probably thinking that the agent just wants to make a sale, and in most cases you are right. In reality the agent doesn’t get paid unless a sale is made, so obviously he is keen to sell you the house. Read complete article here. x So, What Price Should I Offer? We all want to buy our house or our next investment property at the lowest price possible, or at least get good value for our money.You now know that the asking price quoted by the selling agent will ... propertyupdate.com.au
0 Reply
520 Views
Royal
What new rules will mean for tenants across Australia
Minimum standards clarifying what makes a home habitable are among regulations unveiled across Australia in recent years, as governments say they want to make life better for the growing number who rent (31 per cent at the last census). NSW, Victoria and the ACT have all recently legislated changes, Queensland, Western Australia and the Northern Territory are in the process of reviewing their regulations, and South Australia and Tasmania made changes several years ago. Limiting the frequency of rent increases, making it easier for tenants to get repairs and allowing pets by default are among changes governments have pushed, alongside caps on bonds, set fees for breaking a lease and allowing tenants to make minor modifications to a property without consent – so they can nail a picture hook into a wall or install extra security measures. New minimum standards also guarantee tenants (wait for it) a structurally sound property, adequate lighting and ventilation and plumbing and drainage. See detail @ Rent reforms: What new rules will mean for tenants... A working toilet, running electricity and cold and hot water don't seem too much to ask for, but for some it's not guaranteed. Will much-hyped changes fix this? www.domain.com.au
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461 Views
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