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John
Price
Digital property settlements platform Property Exchange Australia (PEXA) has released its Property and Mortgage Insights Report, which showed that the east coast of Australia was in the middle of a boom. NSW recorded the highest settlement volumes in the east coast of almost 218,700, marking a 25.8 per cent rise.
Held back by lockdowns, Victoria lagged behind at almost 199,000 settlements, representing an 11.7 per cent rise.
“Close to 80 per cent of capital city settlements procured were funded with a new loan, compared to only 66 per cent for regional settlements, suggesting metropolitan home owners are moving to regional areas to take advantage of lower-priced properties, flexible working arrangements and a change in lifestyle.”
Additionally, the report revealed greater consumer preference towards the major banks for new loans in NSW and Victoria, with the big four banks securing over 1,850 more new loans in May 2021 in Victoria. Get details at: x
Records keep tumbling in east-coast property boom
Australia’s booming property market has seen a record number of transactions and price growth, an industry expert has revealed.
www.smartpropertyinvestment.com.au
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25 Views
1Mo ago
Karan
Port Augusta
Need recommendations on good schools in or near the suburb Port Augusta.
1 Reply
33 Views
1Mo ago
Joshua
Price
The NSW state government has revealed its expectations for the local housing market as it looks to reform stamp duty in favor of a new land tax.
“As higher prices encourage more owners to sell, this will work to limit house price growth over time. In addition, higher prices are expected to price out more potential buyers, weighing on demand,” the budget papers said. “Speculation has emerged around the potential for renewed macro-prudential tightening by regulators in response to growing house prices. However, the concentration of lending growth in owner-occupier loans (rather than investors) suggests the current market conditions are less likely to evoke a response from regulators.” “That said, building approvals are now running well ahead of the change in population, which is depressed due to the lack of inward migration. This suggests a potential oversupply in the near term relative to the underlying demand for housing.” Source: x
NSW budget predicts house prices will peak in late...
The NSW state government has laid out its predictions for how and when the current housing boom will run out.
www.smartpropertyinvestment.com.au
0 Reply
60 Views
1Mo ago
Karan
Ranjit
John
NSW’s Central Coast has seen some considerable property price growth since the start of the pandemic
The Central Coast has attracted a rising number of buyers from Sydney with its affordability, appealing lifestyle and improved infrastructure, but while the region has had a strong run over recent months, this could now be a thing of the past as sales plateau. The Central Coast was a major driver of auction clearance rates in the first quarter of this year, with CoreLogic reporting a combined capital city rate of over 80 per cent.
As reported by CoreLogic in April, lifestyle markets topped the auction ladder in the first three months of the year, with the Central Coast clocking a mammoth 86.7 per cent clearance rate.
It was also among the regions that saw the biggest year-on-year clearance rate increase of 46.2 per cent. “With more people moving to the Central Coast, companies based in Sydney may consider opening satellite offices in Gosford, Erina, Tuggerah and Wyong, which is on the train line,” said Raine and Horne Commercial Central Coast principal Brad Rogers said. Get details at: x
Have prices on the Central Coast peaked?
NSW’s Central Coast has seen some considerable property price growth since the start of the pandemic as Aussies rushed to secure a decent family home for the price of a tight Sydney apartment, but h...
www.smartpropertyinvestment.com.au
0 Reply
48 Views
1Mo ago
InvestAus
Port Augusta
Introduction
Port Augusta is a small city in South Australia. It is a railway junction city mainly located on the east coast of the Spencer Gulf immediately south of the gulf's head and about 322 km north of the state capital, Adelaide. Port Augusta, known as the Crossroads is a very attractive town. The town is well-equipped with many shops, services and schools. The population is relatively large for a remote town, reaching over 13,000.
Benefits
Port Augusta is a beautiful suburb offering lots of facilities:
• Multicultural suburb
• Excellent transport links
• Good school options
• Safe suburb
• Good neighborhood spirit
• Quiet and peaceful
• Clean and Green suburb
• Affordable living
• Friendly community
• Perfect place for couples, singles and families
Challenges
• No nightlife
• Less number of cafes and restaurants in the suburb
• The climate can get quite hot
• Unemployment is an issue
• Little overpopulated
Location
The city of Port Augusta is located:
• 322 km from Adelaide via A1
• 470 km from Ceduna via A1
• 542 km from Coober Pedy via A1
Connectivity
The suburb of Port Augusta is located at the junction of major road and rail links. • All traffic across southern Australia passes through Port Augusta and over the Joy Baluch AM Bridge across the top of Spencer Gulf.
• Port Augusta railway station is a rail station located on the Adelaide-Port Augusta railway line in Port Augusta. Port Augusta is a stop on the Indian Pacific transcontinental train service on the Sydney–Perth railway and on The Ghan service between Adelaide.
• The suburb is also served by many bus routes to travel along the surrounding suburbs.
Shopping destinations
• Carlton Plaza also offers a good variety of stores for locals.• Wharflands Plaza is a shopping mall located in the suburb offering more than 13 stores and other services such as cinemas or restaurants.
• Musarra Shopping Complex is also a shopping mall located on the Victoria Parade offering a variety of stores.
• Many other local shops, groceries and supermarkets are available in the suburb.
Schools & Daycares
Port Augusta offers a lot of options for good schools:
• Port Augusta Secondary School, 3 Stirling Rd, Port Augusta
• Port Augusta West Primary School, 46 Mildred St, Port Augusta
• Seaview Christian College, 56 Seaview Rd, Port Augusta
• Caritas College, Woodforde St, Port Augusta
Port Augusta also offers:
• Port Augusta Special School,
• OAC:Port Augusta School of the Air
• The University of Adelaide and
• TAFE (tertiary technical college), Port Augusta Campus.
Good daycares in the suburb include:
• Augusta Park Childhood Services Centre, 2 Bailey St, Port Augusta
• Port Augusta Child Care Centre, 127 Stirling Rd, Port Augusta
• Flinders Childrens Centre, 122 Tassie St, Port Augusta
Internet Connectivity
Super fast NBN is now available across Port Augusta, SA
Price
Median Sale Price- $220k
Rent
Median Rent Price- $250pw
Summary
Port Augusta is a regional city located at the top of the Spencer Gulf, in Nukunu traditional country, 300 kilometres north of Adelaide in South Australia. It is a common stopover point for those passing across Australia, as it is the on the main transport links from Adelaide to Darwin and also from Sydney to Perth. The Port Augusta economy has been in decline for a number of years because of high unemployment rate. Overall, Port Augusta is a town with a big future.
0 Reply
53 Views
1Mo ago
Anuj
Price
The latest REA Insights report shows that property buyer demand is surging, which is fueling the rapid price appreciation being experienced across Australia.
First, REA’s weekly demand index, which “measures the change in the number of people that are highly-engaged with properties listed for sale on realestate.com.au”, is running near historic high levels, up 58.6% relative to the same time a year ago: Second, weekly ‘for sale’ searches are way above the same time last year across every market:
Continue reading at: x
Property buyer demand remains red hot - MacroBusin...
The latest REA Insights report shows that property buyer demand is surging, which is fueling the rapid price appreciation being experienced across Australia.
www.macrobusiness.com.au
0 Reply
70 Views
4Mo ago
InvestAus
Price
Homeowners who sell their properties off market could be cheating themselves out of hundreds of thousands of dollars, housing experts have warned. Real Estate Institute of NSW president Leanne Pilkington said it made little sense to sell off market in the current booming housing conditions.
“Owners are more likely to get a higher price by going to auction where multiple groups can compete,” she said. Off market sales have become a trend in certain real estate circles is recent times. It generally involves an agent shopping an owner’s home around to their database without it being advertised or marketed. Get details at: x
Experts warn sellers against selling off market as...
Experts are warning homeowners to not make this simple mistake when selling their house, which nearly cost one seller nearly $500,000.
www.realestate.com.au
0 Reply
102 Views
4Mo ago
Manish
Price
In news that may come to the relief of would-be buyers battling it out at auctions, over a third (35 per cent) of homeowners are planning on selling in the next five years, according to new research from Westpac.
The Westpac survey of 2,086 Australians aged 18 and over also found that over one in ten respondents (12 per cent) were already taking steps to put their house on the market or had intention to do so in the next 12 months. For those looking to buy, the pressure is on, as the latest CoreLogic figures found that national property prices grew by 2.1 per cent in February 2021: the fastest recorded growth rate since 2003.
Further, according to figures from the Australian Bureau of Statistics (ABS), new home lending hit $28.75 billion in January, an increase of 44 per cent year-on-year (in seasonally-adjusted terms). The total value of owner-occupier home loans settled in January surged by 52 per cent, year-on-year, to a record-high of $22.11 billion.
Meaning, there has been an influx of new homebuyers eager to win at the auction and get a foot on the property ladder. CEO of Real Estate Institute of NSW, Tim McKibbin, stated that the “run up to Easter” may be particularly busy, with the “market intensity of recent weeks set to continue”.
“Vendors are taking confidence from the strength of buyer demand and month-on-month price increases, with many bringing their plans to sell forward to capitalise on the rising market.
“This includes many investors who, if not for the prices currently being achieved, would not necessarily be considering selling,” said Mr McKibbin. Get details at: x
“Absolutely a seller’s market”: seller confi...
In news that may come to the relief of would-be buyers battling it out at auctions, over a third of homeowners are planning on selling in the next five years, according to new research from Westpac.
www.ratecity.com.au
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78 Views
4Mo ago
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