Category Archives: Australian Property & Real Estate News

GOLD Coast homeowners have chalked up more than $490 million in profits in just three months.

Figures released today reveal nine out of ten sellers made a profit when they sold their property during the March quarter.

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The CoreLogic Pain and Gain March report revealed the median hold period on the Coast was eight years while the median profit was $116,000 — up $6000 over six months.

Last year, almost 16 per cent of Gold Coast homeowners were selling at a loss, but the latest report revealed that figure dropped to 9.9 per cent.

The CoreLogic Pain and Gain March report revealed the median hold period on the Gold Coast was eight years while the median profit was $116,000.

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Pricier loans could be on the cards

  • Homeowners with mortgages are being warned a credit rating downgrade for the big four banks could be bad news for their repayments.

Credit rating agency Moody’s has downgraded a dozen Australian banks, including the big four, citing increased risks in the nation’s increasingly indebted households.

READ MORE VIA STUFF

The big four Australian banks, which operate BNZ, ANZ, Westpac and ASB in New Zealand, have had their ratings downgraded by Moody’s.

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The change that dropped house prices

  • Housing affordability, or the lack of it, has been a topic dissected ad nauseam in Australia and New Zealand, so it may come as some surprise that other world cities are looking here to curb their own woes.

As hard as it might be to believe for Aussies and Kiwis looking to get a foot on the property ladder to believe, one city in particular has sought inspiration from Australian housing policy and seen an almost 20 per cent drop in house prices.

READ MORE VIA NZHERALD

Vancouver downtown city in British Columbia. Photo / 123rf

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High rise living! Bec and Lleyton Hewitt put their $10 million luxury Melbourne penthouse on the market for a third time

  • Bec and Lleyton Hewitt have put their luxury Melbourne penthouse on the market yet again.

This is the third time the couple has tried to sell their St Kilda Road apartment in six years, according to The Sunday Telegraph.

Set on levels 19 and 20 of the luxurious YVE building in Melbourne, the property has an asking price of $10 million.

READ MORE VIA DAILYMAIL

Bec and Lleyton Hewitt sell multi-million dollar luxury apartment St Kilda Road, Melbourne

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June 16, 2017 · 3:19 PM

Dreaming of a property bargain in SYDNEY? Experts claim buyers have ‘rare opportunity’ to snap up houses at lower prices – but it will only last for two weeks

 

  1. The next two weeks are a golden window of opportunity for Sydney home buyers
  2. The opening is the result of a drop in buyer activity and rise in properties
  3. Likely to be less competition from bidders and lower prices in auctions
  4. The market will likely swing back in July with new stamp duty exemptions

READ MORE VIA DAILYMAIL

Earlier this month, Treasury Secretary John Fraser says there’s ‘unequivocally a house price bubble in Sydney’

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More apartments needed

  • More and more Kiwis are choosing apartment over houses. In this High Life series, Homed explores what that means for the way we live.

Construction of new apartments is picking up pace but still lagging behind what is required to house a growing population, particularly in Auckland.

Some 2770 apartments are set to be completed in Auckland in 2017 – the largest number since the 2005 peak, when 3600 apartments were finished.

Even more apartments will become available next year, when a record 3840 are due to be completed.

READ MORE:
* The High Life: Two homes, one happy marriage
The High Life: Apartment lending ‘a minefield’
The High Life: 12 things you need to know about buying off plan

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Derek Flynn

In Australian cities like Sydney, high-rise living is common.

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How To Buy An Investment Property – Research & Real Estate Agents

 

This is a video about using Real Estate Agents to help you research your ideal investment property.

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Filed under Australian Property & Real Estate News, Real Estate Agent News, Uncategorized

Clearly Australasia’s fastest growing real estate brand with over 450 agents across Australia and New Zealand

  • Successful businessmen and real estate professionals, Fahim Safi & Yang Wu considered many brand and operational options as they planned their new estate agency to serve the Maroondah City area in Melbourne. The conclusion to their investigations is their recently opened office under the ONEAGENCY banner in Heathmont.

Clearly Australasia’s fastest growing real estate brand with over 450 agents across Australia and New Zealand, ONEAGENCY delivers a unique business model that allows you to take control of your future and minimise costs through low monthly fees and operating costs.

READ MORE VIA ONE AGENCY

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Our Culture – One Agency Real Estate Network

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Australia: Priced out of the country: Houses in Sydney and Melbourne are so expensive that Australian first home buyers are snapping up properties in JAPAN

  • The housing affordability crisis gripping Sydney and Melbourne is so severe some first home buyers are purchasing properties in Japan instead.

One such person is Paul Linabury, 30,  from Western Australia, who has just purchased a three-bedroom house in Niseko, Japan for $90,000 with his partner and two other couples.

READ MORE VIA DAILYMAIL

West Australian man Paul Linabury, 30, recently purchased a house in Japan

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Australia: The housing boom is over

  • HOUSE prices in Australia’s capital cities fell 1.1 per cent in May, the latest sign Australia’s booming property market has finally peaked.

The fall was led by declines in Sydney and Melbourne of 1.3 per cent and 1.7 per cent respectively, according to CoreLogic’s latest home value index.

READ MORE VIA NEWS.COM.AU

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Real estate’s billion dollar man

  • THEY don’t call him the “Billion dollar man” for nothing.

Now in his 44th year of selling houses ‘one at a time’, one of America’s top real estate agents, Bob Wolff, has amassed over $1.2 billion in sales.

And just a few minutes in to his energetic and inspirational presentation at AREC 2017, it was clear to see why.

READ MORE VIA NEWS.COM.AU

Bob Wolff at AREC with John McGrath of McGrath Real Estate. Picture: Matthew Foster.

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Disaster looms for property market

An Australian asset manager is liquidating its Australian shares funds and returning “hundreds of millions” of dollars back to its clients, citing an impending property market “calamity” and the “overvalued and dangerous time in this cycle”.

“We think that there is too much risk in this market at the moment, we think it’s crazy,” said Philip Parker, who serves as Altair Asset Management’s chairman and chief investment officer.

READ MORE: Housing bubbles – who loses the most when they pop?

READ MORE VIA STUFF

DAVID GRAY/REUTERS

“Australia hasn’t had its GFC event, we’ve been living in this fool’s paradise,” says Altair Asset Management chairman and chief investment officer Philip Parker.

 

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Sydneysiders are cashing in by moving to Queensland where you can live in a mansion for a steal

The Gold Coast in Queensland, Australia. Photo / Getty Images
The Gold Coast in Queensland, Australia. Photo / Getty Images

 

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How to become rich without a degree

  • How many professions can you name that don’t require a tertiary education and the salary is uncapped?

It’s a point one of Brisbane’s million dollar agents was keen to point out as he addressed the Australian Real Estate Conference 2017 on the Gold Coast.

But that’s not the only reason Matt Lancashire got into real estate.

READ MORE VIA NEWS.COM.AU

Matt Lancashire – Ray White QLD real estate agent and guest speaker at AREC17

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‘Limited English, unlimited bank accounts’: Chinese investors are snapping up 25% of all new properties on the market – and 20% are left EMPTY

  • Chinese investors are snapping up a quarter of new properties on the market as younger, cashed-up buyers arrive.

    They are part of a growing number of foreigners casting their eyes to Australia as a nearby source of wealth with an enviable lifestyle.

    ‘We say limited English, unlimited bank accounts,’ Melbourne real estate agent Tim Heavyside told Sunday Night of many buyers – even in the outer suburbs.

    READ MORE VIA DAILYMAIL

Real estate agent Monica Tu said she was selling the ‘Chinese Australian lifestyle’, which was the biggest appeal for any wealthy investor

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Filed under Australian Property & Real Estate News, Homes & Property New Zealand, International Property News, Uncategorized

Kiwis face new tax on house sale profits in latest Australian policy surprise

  • New Zealand expatriates who sell their family home in Australia could face a large tax on any capital gains.

The Australian Budget earlier this month removed an exemption from capital gains tax on a main residence for foreign and temporary tax residents.

New Zealanders who already own a home would not have to pay the tax if they sold the home before 2019.

READ MORE VIA NZHERALD

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Former real estate agents charged over missing client money ‘helped themselves to $4m’, court told

Two former LJ Hooker real estate agents charged over trust fund rip-offs helped themselves to $4 million but repaid some of it, a court has heard.

Tri Duc (Joseph) Ngo and Truc Thanh (Judy) Nguyen are charged with misappropriating funds, after the final loss was calculated at $2.1 million.

Joseph Ngo has indicated he will plead guilty to about 300 charges, but his wife, Judy, may fight the charges.

READ MORE VIA DOMAIN

Judy Thanh Truc (also known as Judy Nguyen) has been named as the business development manager at a newly-created firm. Photo: Supplied

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