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Tasmania
Liam
Steve
Anuj
InvestAus
Justprop Editor
Joshua
John
Hobart
A HISTORIC Fingal Valley grazing property has hit the market for the first time since the original land grant in the 1820s. Cullenswood has been the home of the Legge family for two centuries including former Break O’Day Council mayor Robert Legge and his partner Jean. Colonel William Vincent Legge was born at the property in the 1840s.It is currently owned by Cullenswood Pty Ltd.Cullenswood is set on 2590ha of land across four titles and with 1300ha of arable land. The nine-bedroom homestead dates back to 1827 and was built from stone and timbers off the farm. Its gardens are home to some of the largest redwood trees in the Southern Hemisphere. Cullenswood also has its own roadside church, a local landmark dating back to 1847. Get more information fromx
Historic Cullenswood on the market for first time ...
This 2590ha Fingal Valley farm has a rich heritage and it offers everything that agriculture investors are looking for.
www.realestate.com.au
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125 Views
2Mo ago
Mr. Robin
Hobart
Sellers in Hobart could be the most likely to make a profit, new research shows. Find out which council region in your city is delivering the best gains. Hobart experienced the highest proportion of properties that sold at a profit during the September quarter of 2019. One way to spot a strong local housing market is to check how many properties are reselling at a profit, according to research house CoreLogic.They just released the Pain and Gain report for the September quarter of 2019, revealing the top property hotspots around Australia for profit-making sales. Sellers in Hobart were the most likely to experience capital gains though, with 98.1% of properties selling at a profit over the three months to September. In fact, in some Hobart council regions, 100% of property resales were profitable according to the report. Regional Victoria and regional Tasmania followed, with 96.6% and 96.4% of sales making a profit, respectively. In fact, regional markets thrived in general, outperforming the capital cities, with 88% of regional resales profitable compared to 87.1% of the state capitals. Top property hotspots for profitable sales in capital citiesThese locations recorded the highest percentage of all sales out of all local government areas in Australia’s capital city regions, according to CoreLogic:Brighton, Derwent Valley and Glenorchy in Hobart, plus Peppermint Grove in Perth and Macedon Ranges in Melbourne: 100% profit-making sales.Moorabool, Melbourne: 98.9% profit-making sales.Mosman, Sydney, plus Clarence in Hobart: 98.6% profit-making sales.Melton, Melbourne: 98.3% profit-making sales.Wyndham, Melbourne: 98.2% profit-making sales. Check out a city-by-city breakdown below.x
Top Property Locations for Profit in Australia Rev...
Sellers in Hobart could be the most likely to make a profit, new research shows. Find out which council region in your city is delivering the best gains.
www.canstar.com.au
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58 Views
2Mo ago
Justprop Editor
Melbourne
How are Australia’s states and territories performing?
It not just about their property markets, but their economies.
Of course the performance of their real estate markets is intimately tied to their economic performance and that why study of CommSec’s quarterly State of the States Economic Update which analyses eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements is important.
Just as the Reserve Bank uses long-term averages to determine the level of ‘normal’ interest rates; Commsec have done the same with key economic indicators.
For each state and territory, the latest readings for the key indicators were compared with decade averages – that is, against the ‘normal’ performance. Key findings
Victoria remains the best performing economy.
Tasmania has held on to second spot from NSW but there is little separating the top three states.
The ACT is solidly in fourth position.
Then there is a gap to Queensland and South Australia.
And then follows Western Australia and the Northern Territory. Read more: x
Here's what's happening around Australia - State b...
How are Australia’s states and territories performing? Now I’m not talking about their property markets, but their economies. Of course the performance of...
propertyupdate.com.au
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45 Views
1Mo ago
Sam2019
Sydney
The Australian property market finally started to pick up at the end of last year after suffering a long downturn. After the election results, OpenAgent’s Consumer Sentiment Index saw an increase in price expectations. This outlook is continuing to improve, suggesting that property prices could continue going up. New South Wales
The proportion of New South Wales home sellers believing that prices will be going up within the next six months gradually increased throughout last quarter. By the end of December, 82 per cent believed prices would stay the same and only 6 per cent believed they would go down. Victoria
At the last quarter, home sellers in Victoria were the most optimistic compared to home sellers in the other states. In particular, there was a massive spike from November to December. A large 85 per cent of respondents in Victoria believed prices would be going up during the first half of this year. Queensland
Price expectations in Queensland remained stable all of last year and continued to do so in the previous quarter. About 74 per cent of sellers in Queensland said they believed prices would be going up in the first half of this year. Tasmania
The property market in Hobart has also been improving this year. In January, the median house price ($512,899) went up by 0.9 per cent. Similarly, the median unit price ($398,205) went up by 0.8 per cent. The city is now back to its former peak. Australian Capital Territory
Though the increases in Canberra’s median values over January were quite small in comparison to other capital cities, the market is still back to its last peak. There was a 0.3 per cent increase in the median house price ($701,561), and a 0.1 per cent increase in the median unit value ($441,400). South Australia
Market expectations for South Australia were rather negative in the first half of 2019. However, these significantly improved by the end of year. Western Australia
The market in Perth is finally seeing positive changes. In January, the median house price ($456,803) increased by 0.1 per cent and the median unit price ($352,556) increased by
0.3 per cent. Unfortunately, dwelling values haven’t gone back to their last peak and are still down overall for the past year.
Northern Territory
The Darwin market has a similar story. There has been an overall increase of 0.1 per cent in dwelling values but prices are still well below their peak. Though there was a 0.6 per cent increase in the median house price ($469,834), the median unit price ($275,636) went down by 1.1 per cent.
Market outlook
Solid performance across the nation is a great sign that it’s a seller’s market. If you’ve been waiting for the right time to put your property on the market, this could be it. Read more:x
State-by-state breakdown: Property markets improve...
OpenAgent’s Consumer Sentiment Index saw an increase in price expectations at the end of 2019. This outlook suggests that prices could continue to rise.
homesales.com.au
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37 Views
1Mo ago
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