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New South Wales
Steve
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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3D ago
Simon
March
Mortgages and borrowing will be the cheapest in Australian history with the Reserve Bank to take the unprecedented step of cutting interest rates twice in a month to a rock bottom 0.25 per cent. The RBA was expected to act on Thursday to slash the official cash rate to 0.25 per cent, just two weeks after cutting to 0.5 per cent. The measure was expected to be coincide with bond buying an unprecedented move as officials work to shore up the Australian economy in widespread coronavirus fallout.
RBA Governor Philip Lowe is set to give a speech out of the Reserve Bank in Sydney at 4pm on Thursday.
CBA senior economist Gareth Aird expected RBA to cut the cash to “the effective-lower-bound of 0.25 per cent on Thursday” and put in place bond-buying and other measures to make borrowing cheaper. According to RateCity.com.au analysis the average mortgage holder with a $400,000 loan could save as much as $55 a month off minimum monthly mortgage repayments if there was a cut to 0.25 per cent cut passed on by lenders.
RateCity.com.au research director Sally Tindall said many Aussies were ahead on their mortgages because banks kept their repayments the same when interest rates were cut. “This is money some people can potentially access through their redraw, should they find themselves in a tight financial position,” she said. “If interest rates are cut again, some mortgage holders may want to rethink what they do with the savings.” Read more:x
Cheapest mortgages in history for Aussie homeowner...
Mortgages and borrowing will be the cheapest in Australian history with the Reserve Bank to take the unprecedented step of cutting interest rates twice in a month to a rock bottom 0.25 per cent.
www.realestate.com.au
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17D ago
Justprop Team member
Baulkham Hills
BONDI or Manly might be what the world thinks of when it comes to living in Sydney but locals who actually want the Australian dream of a family home with a backyard go to one place — Baulkham Hills.
The suburb, which is split between the Hills Shire and Parramatta councils, was the most popular area in the country for families wanting four-bedroom houses.
It was also the most coveted location for buyers of all house types in the Greater Western Sydney area, with buyer demand nearly doubling since 2019, according to a realestate.com.au measure of online search activity. Adjacent suburbs North Rocks, Winston Hills, Kings Langley and Castle Hill rounded out the top five most viewed suburbs more than 15km west of the CBD.
“Baulkham Hills is off the charts right now,” realestate.com.au chief economist Nerida Conisbee said. “It’s always been popular with families but now it’s huge.” The increased interest in the northwest coincided with the opening of the Sydney Metro Northwest train line in May last year. The line connects much of the region to Sydney’s north shore and beyond.
Housing experts said the region’s increased popularity was also due to its proximity to Sydney’s second CBD at Parramatta — and the big houses on large blocks. Additional Australian Post Office data revealed the region accounted for the bulk of suburbs with the most requests to redirect mail from newly moved NSW families and households between 2013 and 2019.
Kellyville residents used the most redirect services, followed by Castle Hill, Port Macquarie, Mosman and Baulkham Hills.
One of the biggest contributors to Kellyville’s growth was the North Kellyville housing estate, which effectively doubled the size of the suburb. MOST REQUESTS FOR RE-DIRECT MAIL SERVICE 2013-2019
Kellyville
Castle Hill
Port Macquarie
Mosman
Baulkham Hills Source:x
Most popular suburbs for big house buyers: Baulkha...
Demand has shot through the roof in one area of Sydney, which is now the most popular location in the country for those seeking a four-bedroom house with a backyard.
www.realestate.com.au
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18D ago
Ranjit
Steve
John
Justprop Editor
Anuj
Epping
Introduction ‘Epping’ is one of the most northern side areas of the City of Parramatta.It is a very green and quiet suburb which boasts of a friendly neighbourhood and some great schools too. It is safe and has a great network of public transport. Epping has a convenient location and it is about a half an hour drive towards the north west of CBD. It will take you around 15 minutes to reach Macquarie Park and North Ryde by road and if you are travelling by train, you only have a few stops in between. It is considered as an extremely safe suburb with crime rate as low as 153.1 per 100,000 population. Epping is located in close proximity to the Macquarie University. This has made the area popular amongst the overseas students as well. This suburb offers more affordable accommodation for these students compared to the price of on-campus rooms. In 2009, a new railway link started between Epping and Chatswood. This connected the suburban area to not only the university but also to North Ryde that has a large number of employment opportunities.Epping has all essential convenience stores, a hotel, a library, a community club and service stations. It is also home to many big corporate houses like Unilever that makes it a good employment zone too. Epping has urbanized largely in the last few years. A huge credit for this goes to the train connectivity from Sydney to Hornsby and further down to central coast and north coast of NSW. This has created a big demand for housing here. Hence, a large number of housing options have come up in the area in recent years. PeopleAverage age of population here is high as the percentage is skewed towards those aged more than 60 years. The region has a high number of Australian native-born, though it is a melting pot with people from countries like India, China, Korea and Hong Kong also residing here. Epping essentially has more separate houses and about 24% are flats.
BenefitsEpping has everything. That makes it a great suburb to live in but it comes at a steep cost.Epping is located centrally with a great transport network, good public schools, variety of restaurants and federation boutique homes. The area doesn’t have a big mall, pubs or clubs. That’s a good thing as it doesn’t attract the rowdy youth that cause social issues. What’s even better is that if you want to visit a mall or pub, you are just 10 minutes away from it. Good train connectivity can ferry you to your night life in a matter of minutes!Epping is located right in the heart of Norwest, Chatswood, Castle hill, and Parramatta with a motorway nearby. The area has preserved a large number of federation homes that gives you a boutique feel. The area is dotted with trees, parks and many play area for kids. There is a lot more planned for this township in times to come. Macquarie University and shopping centre, Hornsby, Chatswood and IKEA in Rhodes will all become accessible by train.Gosford and Newcastle will also be connected by inter urban trains.Epping has a slew of small, beautiful cottages with gardens.Even the newer homes built here reflect the anachronism of the old ones.Centrally locatedGood public transportGood public schoolsVariety of restaurantsFederation boutique homesAccess to shopping complexMany parks and play area for kidsChallengesEpping has everything but for a modern lifestyle. A huge chunk of this zone comes under heritage preservation schemes. So, if you are looking for a modern house, this place is a no-no for you.With its anachronism, all other facilities present and great transport connectivity, the prices of houses here are soaring high.The town is developing and in the next 10 years it will be a beautiful place to be. Until then, there will be inconvenience caused by the intensive building work which is going on.LocationEpping is located in northern Sydney. It is about 30 minutes away towards north west of CBD. You will take about 15 minutes to reach Macquarie Park and North Ryde by road and if you are travelling by train, it is just a few stops away.Epping as a fabulous network of public transport. It is right at the intersection of the Northern and Chatswood lines. It also has a huge number of buses running with good frequency. As you move close to the train station, it gets congested and busy. The further you move away from the stations, the area becomes greener, more spacious and peaceful.ConnectivityEpping is an already well established suburb near Sydney. It is one of the busiest stations in the Northern line. Upcoming Syndney Metro Line will boost the connectivity further by linking them with suburbs like Kellyville and Castle Hill regions. It is well connected to the CBD via the inner west and also the Macquarie park technology corridor. Express trains also connect Epping to the central coast. It also has a great bus network. There are huge numbers of buses plying in the region with good frequency. This makes it a hub for commuters. With the new Epping-Chatswood train line, it will be super easy to visit Chatswood which is the biggest town in the northern area. Overall, Epping is very well connected by train, road and bus. It is a paradise for regular commuters.Shopping destinationsEpping is dotted with many nice small stores. If you love shopping in a big mall, you are just five minutes away from Macquarie shopping Centre, Carlingford Court and Carlingford village that are a shopper’s delight.For Asian food and grocery you just need to do a five minute drive to Eastwood. This is just one train stop away from Epping.Schools & DaycaresEpping has some of the top public schools. Epping West Public School here ranks 17 and Epping Height Public School ranks 35th in the list of public schools. There are many prestigious schools close by. This includes Epping Boys High, Cheltenham Girls High and James Ruse High. Some other options are Epping North Public School, Epping Public School and Lady Help of Christians and Catholic Primary School. List of schools: -Epping West Public School -Epping Height Public School -Epping Boys High -Cheltenham Girls High -James Ruse High -North Public School -Epping Public School -Lady Help of Christians -Catholic Primary School
Crime & safetyEpping is a very safe area to live in with low crime rate of 153.1 per 100,000 populations. If you compare this to the NSW crime rate of 419.4 per 100,000 populations, you can sense how safe Epping is.Proximity to officesEpping is well connected to most places around. Macquarie Park that houses many big corporate like Microsoft, Oracle, Johnson & Johnson and Sony are connected by train on the Epping - Chatswood rail line. North Ryde is only a 15 minute drive from Epping and if you are travelling by train, it is just a few stops away.Eating joints in that locationEpping offers a good variety of dining options. You can choose to eat at a high quality pizzeria, good Asian restaurants or small family joints. It offers many places to just hang out and relax over a meal or a cup of coffee. It also has a club if you want to chill with a pint of beer and a hotel with a busy bar. Epping will give you a relaxed nightlife if you don’t want be in the mad rush of a city. Eastwood, that has a good mix of Asian restaurants, is just a five minute drive from Epping.Traffic in that locationWith good connectivity comes congestion. Epping train station doesn’t have adequate parking. So, the roads near the station and centre of the town are busy and very congested. The madness on the road peaks during rush hours.PricesAs you move away from the centre of the town, the sense of openness seeps in. Streets are wide, tree lined. There are many parks and open play areas for kids. Hence, the prices of houses have soared in the last 10 years making the places expensive.Prices & RentalHouse: $1.7M (3 BR) Rent: $600-650 PWUnit: $800K (2 BR) Rent: $500 - $550 PWEpping has seen good capital growth. It has seen a capital rise of about 10% /annum making the places unaffordable for many first time home buyers.The suburb does have the potential to grow more with a new train line coming here soon. It will see a growing rental demand as well with more university students choosing to live here.
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InvestAus
Rouse Hill
IntroductionRouse Hill is a suburb of Sydney in Australia and is 42 kilometres north-west of the Sydney central business district (CBD) in the blacktown area.Rouse Hill lives up to its image of ‘modern residences’, by providing ample green spaces and urban amenities. It is a clean and peaceful suburb with big houses and big shopping centres. One such centre is Rouse Hill Town Centre, which is considered best in the entire Sydney. The other conveniences at Rouse Hill include a sports stadium, library, parks and water lakes, schools and childcare, public transport, and many restaurants and cafes.The prices of properties in Rouse Hill are affordable where one can buy bigger houses at reasonable rates, without affecting living quality. BenefitsRouse Hill is a very new residential and commercial development area and every building around here looks spick and span almost to the point of sterile. Rouse Hill has all the amenities that a young family will need.Rouse Hill has the best shopping centre in the Sydney- Rouse Hill Town Centre, which is a true town centre with streets, a Town square, supermarkets, eateries, department stores, cinemas, and medical shops.Ironbark Ridge Primary School, which is ranked among top 50 schools in Sydney, is just a walking distance away from Rouse hill. Two metro stations- Rouse Hill Train Station and Cudgegong Road Station are being built making public transportation easier.Rouse hill is coming up with new apartments such as VILLA DE M.A, Cumberland Greens, and The Boulevard. The apartments have been designed keeping in mind the affordability, style, and quality.It is very close to Castle Hill, which is one of the best places to live in Sydney, with some great quality homes and shopping centres. ChallengesDespite being a lovely place to live, Rouse Hill has a downside as well of not having quick and easy transportation; the place is quite far from Sydney, but with the construction of upcoming metro stations this problem will be taken care of. There are no trains around this area, only buses for now. The only real way to get around Rouse Hill is by car.LocationRouse hill is located in the NSW state and is 42 kilometres north-west of the Sydney central business district in the blacktown area and the Hills Shire.It is bisected by Windsor Road. It has now been made a major 4 -lane road, which runs from North Parramatta north-west to Windsor. The nearest areas to Rouse hill are Quakers Hill and Castle Hill, which are 6 km and 14 km away, respectively. ConnectivityBy 2019 Rouse Hill will have two Metro stations- Rouse Hill Train Station and Cudgegong Road Station under Sydney Metro Northwest Project, which will run from Rouse Hill to Epping thereby connecting to the existing Epping to the Chatswood Railway line.The Rouse Hill station will be built directly outside Rouse Hill Town Centre and above the existing T-way.The construction will upgrade and modify the surrounding roads and footpaths along Tempus Street and Windsor Road, redesign of bus interchange and T-way. Shopping destinationsRouse Hill has total of two shopping centres along with 259 other stores. Rouse Hill Town Centre- Best shopping centre in SydneyRouse Hill Village Centre Schools and DaycaresRouse Hill has many schools and daycare centres, which are mentioned as below:Ironbark Ridge Primary School- Ranked among top 50 schools in SydneyRouse Hill Public SchoolRouse Hill Anglican CollegePlaydays Preschool and Day Care CentreThe Berry Patch Preschool Crime and SafetyRouse Hill is known to be a safe area and quite low on crime rate. The crime rate per 100,000 population is 423 and NSW rate per 100,000 population is 419.4.Internet ConnectivityThe internet connection is very fast. This area is also ready to use National Broadband Network (NBN).Eating jointsRouse hill has variety of restaurants and cafes offering Indian, Chinese, Thai, Italian, and other cuisines. Some of the best ones are:Siam CornerThe Local Shed CafeThai SplendidAustralian BreweryKashi Indian RestaurantYee’s Palace Chinese RestaurantBlends and Brothers PriceThe median price for 3 BR and 4 BR is $833K and $1005K, respectively.The median rent for 3 BR and 4 BR is $600 PW and $630 PW, respectively.The rent of units for 2 BR is $530 PW and for 3 BR is $635 PW. SummaryRouse Hill is expected to see many developments, with great social and commercial infrastructure coming up in next 2-3 years. This includes new apartments like The Boulevard, which is already up for sale in the market, Cumberland Greens providing 2BHK at reasonable rates, and VILLA DE M.A is set to complete by 2020. Besides, the construction of new Sydney metro line and two stations is upcoming. Therefore, the settlement of population is in quick progress and the demand for quality housing is increasing.It is a clean suburb with safe and peaceful surroundings. The price of properties in Rouse Hill is affordable as compared to other nearby suburbs such as Castle Hill and Bella Vista. The area has plenty of schools including Ironbark Ridge Primary School,which is rated among top 50 schools of Sydney, and is also located at a very short distance. Rouse Hill has the best Shopping centre in the entire Sydney where amenities available will leave everyone spoilt with choices.
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Roma
St Leonards
IntroductionSt Leonards is situated on the lower north shore of Sydney. It is lively and has the buzz of a city life. It has a large commercial center that has headquarters of many big Australian companies. It is set to see major infrastructural transformations. Development is at its peak and hence, St Leonards is expected to double in population in the next 15 yearsA new Metro station is planned 150 meters away from St Leonards and another regular rail station is coming up the opposite direction of the suburb. This double dose of connectivity is set to give a new lease of life of St Leonards. The area has tall apartment style of homes. It is very convenient for those who are working in St Leonards itself.It has good transport connectivity to the CBD with good frequency that can ferry you to the heart of the city. St Leonards is home to one of Sydney’s suburban skyscraper clusters that have many major corporate offices like IBM, Lenovo, and Oporto. St Leonards offers you to choose from many good dining options to unwind after a hectic day at office. BenefitsSt Leonards is a buzzing lively suburb that is very close to the city and Chatswood. It has good transport connectivity, best of schools like St Leonard's Church of England Primary School, Greenwich Public School and Wenona School Ltd. Royal North Shore Hospital in St Leonards is the largest hospital north of Port Jackson in Sydney. It’s a commercial hub that offers many good restaurants and dining places to sit out. If you like modern lifestyle with tall apartments, you have many options here and these apartments are well serviced.Many more residential places are coming up. In times to come St Leonards can offer you best apartment style living with great connectivity. The local council has a good, futuristic vision for the area. Hence, the suburb is seeing a lot of development and transformation. ChallengesOnly drawback of the area is that it lacks open green spaces and sometimes parking can be an issue. LocationSt Leonards is located on the North Shore of Sydney. It is located 5 Km north-west of the CBD ConnectivitySt Leonards has very good public transport connectivity. Its railway station is on the North Shore, Northern and Western Line of the Sydney Trains Network. The Pacific Highway runs through the suburb.There are frequent and good transport links to the CBD that take you right to the heart of the city. Crows Nest Metro Station is name of the new upcoming metro station in the area. This will connect St Leonards southern gateway to the commercial center. Shopping destinationsSt Leonards has all the essential convenience stores like a dry cleaner, pharmacy and newsagent. It also has cafes, restaurants and supermarkets at a walking distance. You also have a bar and nightclub if you want to relax over a drink after a long day. If you want to visit a big mall, St Leonards is halfway between the city centre and Chatswood that have many options for a dedicated shopper. St Leonards also boasts of the Forum Tower. It is an apartment complex that has everything. From an Indoor heated pool, a gym, spa to eating joints and convenience stores like a dry cleaner, newsagent, pharmacy and a doctor’s clinic too. Gilroy's bar and restaurant is on the opposite side of the road, with another nightclub just 2min walking distance from here. Location of the Forum can’t be better. It is situated just above the St Leonards train station. A bus stop on the highway is 50m away from here. Ongoing development in the areaResidential apartments make up about 90% of the dwellings here. St Leonards is dotted with many high rises. Many new apartments are in the making. It is estimated that the area will have a whopping 5000 more apartments by 2031. This boost is in line with government’s planning of a new metro link in the region. There are also plans to build a new public plaza at interchanging stations. New retail and commercial spaces are likely to come up around the area. The Royal North Shore Hospital has also renovated its facility to improve and modernize the services. Schools & DaycaresSt Leonards has some good schools and daycares options too. St Leonard's Church of England Primary School, Greenwich Public School, Wenona School Ltd to name a few of them here that feature in the list of top 50 public schools.Some good daycares here are Froebel, Goodstart Early Learning, Christie Street, Kidstart Family Day Care, Little Learning School, and Reddam House Early Learning School and Willoughby City Council Family Day Care Crime & safetyThe area is generally safe with an average crime rate. The crime rate here is 439.9 per 100,000 population. Compare this to NSW rate per 100,000 population of 419.4 Internet ConnectivityInternet here is good and fast. Most areas of St Leonards are connected by NBN fibre. Proximity to citySt Leonards has a commercial centre that houses headquarters of many big Australian companies. The suburb is located just 5Km north-west of the Sydney’s central business district. The area is well connected by roads and trains too. There are frequent trains to carry you to the heart of the city. Eating joints in that locationSt Leonards offers you dining options as well. There are pizza, burger and pasta joints. You also have a café to unwind over a hot cuppa. There is a St Leonards hotel that offers a variety of cuisines. SummarySt Leonards is a good suburb for working professionals and young adults who want to be close to the city. It is a great option for those who work here as well. It offers good modern lifestyle with all the essential amenities. It also has great internet connectivity. It is very well connected by public transport. Area is seeing major development and that is likely so hike up the property prices in near future. The region is expected to double its population in fifteen years time. It has good schools and hospitals too.
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