Category Archives: Australian Property & Real Estate News

Chinese billionaire, 29, plans ‘mega estate’ by combining two mansions

A 29-year-old Chinese man is about to transform two luxurious Sydney mansions, making it one of the greatest estates in Australia.

Shangjin ‘Jin’ Lin, heir to a billion-dollar Chinese property empire, bought two neighbouring properties in Sydney’s exclusive eastern suburb of Vaucluse and is planning to create one mega property.

The two luxurious mansions on Queens Avenue were bought for a combined $52 million on New Year’s Eve in 2015.

READ MORE VIA DAILYMAIL

The two properties with harbour views on Queens Avenue were bought on New Years Eve in 2015

Leave a Comment

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

Sydney home worth $3.7million with ocean views, a pool, spa and wine cellar could be yours for just $5… but you’d better be quick

Don’t give up on that smashed avocado on toast just yet – a spectacular $3.7 million home in Sydney with incredible ocean views could be yours for just $5.

A $3.7 million, six-bedroom house in North Curl Curl on Sydney’s northern beaches is being offered up as a lottery prize by the RSL Art Union with entries costing just $5, realestate.com.au reported.

Photos of the 455sq m property show incredible ocean-front views at the Austin Avenue address, which will be fully kitted out with furniture and appliances ready for the lucky winner to move straight in.

READ MORE VIA DAILY MAIL

The $3.7 million ocean-front property has its own heated swimming pool and spa

 

Leave a Comment

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

Australia: Couple’s homeowning horror

A couple’s dream of buying a home turned into a nightmare when it was abruptly taken away from them two years after paying for it.

Jade and Edward Roberts bought a home in Croydon, in Melbourne’s east, in 2015. They bought it off the plan – committing to buy a property that hasn’t yet been built – for $399,000 ($429,922) but received a discount of $15,000.

“We had decided it was time we wanted to buy a house and we started looking at already established houses,” Jade Roberts told news.com.au.

READ MORE VIA NZHERALD

Jade and Edward Roberts are fighting to change the legalities of the sunset clause. Photo / Facebook

Leave a Comment

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

Australia: Latest data puts Harcourts third in market share

Harcourts Group (Australia) has increased its market share such that it is now the third largest in both the number of sales made and dollar value achieved for the quarter to March 2017, according to new data.

CoreLogic has found that the network increased its sales by 0.4 per cent and value by 0.3 per cent, respectively. In addition, it noted that Harcourts is the only national group in the top five to have increased market value in the reported quarter.

READ MORE VIA REB

Leave a Comment

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

Billionaire mining magnate Gina Rinehart lists luxurious Brisbane riverside mansion

If you want a taste of living like the wealthiest woman in Australia, now could be your chance.

Hancock Prospecting boss Gina Rinehart has listed one of her Brisbane riverfront properties for sale.

The five bedroom, four bathroom, three parking multi-million water front house has all the luxuries of panoramic views and two private patoons.

The luxurious house, which reportedly neighbours Sarina Russo, founder of Sarina Russo Group, is expected to sell for more than $5 million.

The contemporary house on Laidlaw Parade, East Brisbane, is one of only 22 houses on a north facing riverfront block.

READ MORE VIA THE DAILY MAIL

PHOTO SOURCE: THE DAILY MAIL

Leave a Comment

Filed under Australian Property & Real Estate News, Celebrity, International Property News, Real Estate Agent News

Australian brothers at war over $500 million property empire

Two brothers are at war over one of Australia’s biggest real estate empires, worth more than A$500 million (NZ$535m), four decades after their Italian family founded the dynasty.

Former Carlton Football Club director and developer Colin De Lutis lives in a Melbourne mansion three doors from younger brother Paul, who has taken him to Australia’s Supreme Court over how their property and business assets will be sliced up.

Paul has wanted out of the family business since 2014, but an acrimonious argument is playing out in the Supreme Court over the break-up.

Together with their mother, Anna, the brothers own 38 properties worth more than half a billion dollars, amassed since the family bought a central Melbourne shop in 1973.

READ MORE:
Siblings fight over millions in farming family stoush
Siblings go to war over late father’s waterfront property
Hugh Green’s family urged to settle differences over trusts

THE AGE

Feuding siblings Colin and Paul De Lutis live three doors from each other in Melbourne.

READ MORE VIA STUFF

Leave a Comment

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

How to survive a housing market crash

This story is about what you can do if Australia has a housing crash. Plenty has been written about whether we will or won’t. This is not one of those stories. This is an if-then scenario. A handbook of what to do in case of disaster, if you like.

If housing prices fall, say, 25 per cent, do you want to be stuck in the middle getting covered in blood and gore, or do you want to be off on one side, your hand covering your mouth in horror, saying ‘Ouch, that’s gotta hurt!’

READ MORE VIA NZHERALD

Suburban houses in Melbourne, Australia. Photo / 123rf

Leave a Comment

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

Real estate agent fires a woman because she was pregnant – but told her she was getting the sack for being ‘unreliable’ for turning up 10 minutes late

  • A young woman was fired by a real estate firm just one day before her six-month probation was up ‘because she was pregnant’.

Burgess Rawson, who hired Tiffany Mahajan as an administrative assistant, said she was sacked because she was ‘unreliable’, the Melbourne Federal Circuit Court heard.

But Judge Heather Riley said this was a ‘preposterous’ excuse, noting Ms Mahajan’s pregnancy as the reason for her dismissal.

READ MORE VIA DAILYMAIL

Tiffany Mahajan was fired by a real estate firm just one day before her six-month probation was up ‘because she was pregnant’ (Ms Mahajan is pictured pregnant)

Leave a Comment

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

Where you can live in luxury for $250

A South Stradbroke Island resort is offering permanent rentals for almost half the Gold Coast median price as it undergoes another makeover.

About 100 people have moved to Couran Cove for as little as $250 a week after being squeezed out of the Glitter Strip rental market — and the resort owners are making room for hundreds more.

COURAN COVE ISLAND RESORT’S REVERSAL OF FORTUNES

The resort’s $9 million transformation includes a new tavern, upgraded tennis courts and virtual-reality world.

READ MORE VIA GCB

Couran Cove Chief Executive Officer Matt Parsons. Photo: Steve Holland

 

Leave a Comment

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

Where do all the Professional Agents end up going?

CONTACT John Stewart +61 432 655 698 or +61 (02) 8039 2110
EMAIL info@oneagency.com.au
WEB www.oneagencyglobal.com

Leave a Comment

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

Australia a ‘place of choice’ for money laundering due to lack of regulation: ANZ

ANZ Bank says a lack of political will has seen successive Australian governments fail to extend money laundering laws to cover lawyers, real estate agents and accountants.

  • Australia’s anti-money laundering law does not cover real estate agents, lawyers and accountants
  • The lack of regulation makes Australia an attractive target for money launderers, says ANZ
  • Real estate and law bodies have raised concerns over cost of new legislation

Australia’s hot property market is an attractive haven for criminals, with estimates that billions of dollars of dirty money is being laundered through residential property.

READ MORE VIA ABC

Dudley House (pictured) was bought at a significantly inflated value by Malaysian officials.

Leave a Comment

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

After signing up a record-breaking 21 licenses in the first quarter this year, One Agency has exceeded that figure in the just-ended second quarter, with 22 newcomers joining the brand.

“What is even more exciting for us is that we can safely say a further 15 members are already confirmed for the third quarter of 2017,” says One Agency’s Australasian Head of Membership, John Stewart. “Trends from the latter part of 2016 continue, with high performing individuals and well-regarded independent offices leading the new member rollcall.”

Having opened 57 new businesses in 2016, One Agency are already on target for another year of rapid growth, confirming their status as the fastest growing real estate brand in both Australia and New Zealand.

“Victoria, NSW and Queensland lead the newcomers list in that order, but we’ve been delighted with  the confirmed and projected additions in South Australia and Western Australia, both quiet markets for the brand for the past year or so,” says Stewart.

“New Zealand just keeps growing consistently, a mix between newcomers and existing members establishing additional businesses. An example recently is the Dunedin office of Stephen & Jacqui Johnston establishing new bases in Oamaru and Queenstown.”

One Agency, which started at zero in 2008, has emerged from under the radar as the fastest growing real estate brand in both Australia and New Zealand. Statistically it sits at Australia’s 8th largest real estate group with over 160 licensed areas allocated and operating, with a further 15 yet to open or rebrand.

Representative of the calibre of newcomers, Shaun O’Callaghan joined One Agency early in 2016 in the Torquay area of Victoria. An auction accredited agent and an industry commentator featured in Real Estate Business and on the Sky News Real Estate Program, Shaun had considered starting his own real estate brand or partnering with existing Victorian based franchises when he first heard of One Agency at AREC.

“I didn’t want to have to create a real estate brand from scratch and really liked that One Agency have fixed monthly fees, no financial reporting to head office and great transparency around the business model,” he says. “Without the One Agency brand behind us, it would have taken so much more time and money to get started. The energy and resources required to start a brand from scratch would have been overwhelming and I know I would have been dissatisfied with the end result.”

John Stewart believes that while  the growth might be seen as remarkable considering the short time the brand has been in the market compared with many longer established competitors, its operational simplicity and the fiscal advantage to members means the company’s phones never cease ringing.

“Our strength lies in a straightforward business model that sells itself with high calibre agents like Shaun and like-minded office owners. We’ve said it before, but really, we have no spare time to spend approaching prospective members! You’d have to say that’s the ultimate measure of a brand’s value.”

Visit www.oneagencygroup.com.au

For more information, high resolution images, or to arrange an interview with One Agency’s Founder & CEO, Paul Davies or Head of Australasian Membership, John Stewart, please contact:
Susanne Mitchell | 0403 395 300 | media@oneagency.com.au

Leave a Comment

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

‘It’s too late’: Seven signs Australia can’t avoid economic apocalypse

Australia has missed its chance to avoid a potential “economic apocalypse”, according to a former government guru who says that despite his warnings there are seven new signs we are too late to act.

The former economics and policy adviser has identified seven ominous indicators that a possible global crash is approaching – including a surge in crypto-currencies such as Bitcoin – and the window for government action is now closed.

There are seven ominous indicators that a possible global crash is approaching. Photo / Bloomberg

Leave a Comment

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

One BIG Announcement from One Agency

Throughout the North Western suburbs of the ACT, Jessica Kercher is regarded as a leader in Property Management service, systems and practice. It’s no surprise that property investors have flocked to her, seeking the peace of mind that knowing your investment is in safe hands. The result? A rapidly growing rent roll, expansive business footprint and a belief that growth required a brand affiliation. So after a long search, Jess found One Agency, was welcomed by the brand, and recently opened her ONEAGENCY business in Molonglo, ACT.

h

READ MORE HERE

Leave a Comment

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

Ex pats are choosing New Zealand over Australia as emigration destination – because pictures on social media are luring them in

New Zealand is making a surging move to overtake Australia as the most desirable location for ex pats relocating worldwide.

These are the findings of international relocations experts Movehub, whose annual report analysed 350,000 moving enquiries between April 2016 and April 2017 to find the most popular destinations for expats.

READ MORE VIA DAILYMAIL

The study also points to New Zealand’s attractiveness on social media for luring potential suitors to its nation

 

 

Leave a Comment

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

AUSTRALIA: Why your mortgage payments are about to skyrocket: Former Reserve Bank board member breaks ranks and warns of EIGHT rate rises in the next two years 

  • Interest rates could rise eight times in the next two years and send mortgage repayments skyrocketing, according to a former Reserve Bank board member.

Prominent economist John Edwards warned the RBA’s lowest-ever policy rate of 1.5 per cent will not be around for much longer, as plans for a series of increases is likely in the works.

READ MORE VIA DAILYMAIL

Dr Edwards said there is a distinct possibility the RBA will initiate eight 0.25 per cent increases over 2018 and 2019, if their economic forecasts are correct

Leave a Comment

Filed under Australian Property & Real Estate News, International Property News

Home prices across Australia to plunge in the next two years

Property prices across Australia to plunge in the next two years as property bubble finally bursts.

Leave a Comment

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

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.

CHECK HOW MUCH YOUR HOUSE IS WORTH

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.

Leave a Comment

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

Welcome to the “Week That Was In Property” NZ EDITION

We are considered by many as the #1 source in New Zealand for property/real estate news and rank massively high with GOOGLE search – to ensure our advertisers stand out.

If you would like your business to feature here drop us a line to:info@propertynoise.co.nz

CLICK HERE

Leave a Comment

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

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.

Leave a Comment

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