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Sydney, NSW 2000 Review

30.5L (6500 per sq ft)
Rent: 15000
Overview
Demand/Popularity 100%
Crime Index 1%
School Rating Primary/Secondary
Price Trend 1% (in last 6 months)

Rental reforms are currently taking place across the country and Victoria is leading the way, making it easier for tenants to have pets, longer leases and easier applications with 1form. However, it’s still good to know what you can and can’t do in your rental... more

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Steve

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
0 Reply 29 Views 3D ago
InvestAus

InvestAus

Sydney
The NSW Office of Fair Trading has announced sweeping changes to the Residential Tenancies Amendment (Review) Act 2018 [NSW] and the Residential Tenancies Regulation 2019 [NSW]. Many changes are to safeguard tentant interests and will come into effect on 23 March 2020. Details: * Rent increases must be limited to once per year during a periodic agreement when the fixed term has passed.  * Landlords must obtain tenants’ prior written consent to publish photographs or video recordings of premises, including property interiors for advertising purposes which may show tenants’ possessions.  * Tenants may make minor alterations, fixtures, additions and renovations with the landlord’s consent, but the landlord cannot unreasonably withhold consent if the alteration, fixture or addition is one from a prescribed list in the 2019 Regulation. * Repairs and replacements of hardwired smoke alarms must be carried out by an authorised electrician * Non-payment of water usage or utility charges may now result in tenancy termination (in addition to non-payment of rent) * Tenants have the right to break their lease if it is signed after 23 March 2020. Tenants will pay a break fee of: 4 weeks rent if less than 25% of the fixed term has expired 3 weeks rent if 25% or more but less than 50% of the fixed term has expired 2 weeks rent if 50% or more but less than 75% of the fixed term has expired 1 week’s rent if 75% or more of the fixed term has expired * Victims of domestic violence will be able to terminate their tenancy without penalty x Sweeping changes are coming to NSW landlords and t... The NSW Office of Fair Trading has announced sweeping changes to the Residential Tenancies Amendment (Review) Act 2018 [NSW] and the Residential Tenancies Regulation 2019 [NSW]. www.reinsw.com.au
0 Reply 75 Views 2Mo ago
Royal

Royal

Sydney
Prices set to surge by up 14% in the big cities this year - and it's bad news for young Australians Sydney's median house price is expected to surge by 12 per cent in 2020 as Melbourne's equivalent values climbed by 14 per cent. Real estate data group CoreLogic is also worried about the young.House prices in Australia's biggest cities are set to surge by more than $100,000 in 2020 - locking even more young people out of the property market. After a record plunge, Sydney and Melbourne real estate values are expected to rebound by double-digit figures next year. CoreLogic is predicting double-digit rises in Sydney, Melbourne house pricesThis would undo a record downturn that began in 2017 after loan rules tightenedProperty market recovery tipped to make it harder for young, first-home buyers  Double-digit increases were also expected in Canberra and Brisbane, with 10 per cent rises tipped for both of those cities.This would see median house prices rise by $68,780 and $54,399, respectively.  Adelaide prices were expected to increase by a more modest five per cent, or $23,464, as prices stayed flat in Darwin. A six per cent increase was also expected in Hobart, which until recently was Australia's strongest performing housing market.  Tasmanian capital house prices were tipped to increase by $30,550 next year. Get more detail herehttps://www.dailymail.co.uk/news/article-7828843/Your-house-worth-108-000-2020.htmlx House prices set to surge 14 per cent in 2020 lock... Sydney's median house price is expected to surge by 12 per cent in 2020 as Melbourne's equivalent values climbed by 14 per cent. Real estate data group CoreLogic is also worried about the young. www.dailymail.co.uk
0 Reply 32 Views 2Mo ago
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