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.
It’s no secret that a lick of paint can do wonders for sprucing up a tired abode, but according to research the colour of your walls could do more than just make your home easier on the eyes.
According to estate agent, Zillow, homes that use different shades of the same colour sell for far more than those with pristine white walls.
Read more: http://www.dailymail.co.uk/femail/article-4631714/Colour-add-thousands-value-home.html#ixzz4kzBRVCZX
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Filed under International Property News, Uncategorized
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Around 250 homeless and beleaguered survivors of the devastating Grenfell Tower fire will be rehoused permanently inside a £2billion luxury Kensington development, it was revealed today.
The 68 one, two and three bedroom properties have been bought for just £10million and will provide refuge for families who lost everything in the blaze that killed 79 people a week ago.
Apartments in the Kensington Row development are currently on the market for between £1.5million and £8.5 million. The flats have been bought by the Corporation of London, which will run them as part of its social housing stock.
READ MORE VIA DAILYMAIL
The development has over 500 apartments, of which the government has bought up 68 for those displaced by the fire
Filed under International Property News, Uncategorized
Mila Kunis and Ashton Kutcher have just purchased an oceanfront home: a six-bedroom, six-bathroom, beach house in Carpinteria.
Just a couple hours’ drive from their main residence in Beverly Hills, their new home is set behind gates on a private drive and the ocean is front and centre from every point in the house.
Designed and decorated in classic California coastal style, the light and bright home is a picture-perfect beach property.
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Ashton Kutcher and Mila Kunis have purchased a two-house beachfront compound near Santa Barbara.
Filed under Celebrity, International Property News, Uncategorized
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.
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The big four Australian banks, which operate BNZ, ANZ, Westpac and ASB in New Zealand, have had their ratings downgraded by Moody’s.
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.
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Vancouver downtown city in British Columbia. Photo / 123rf
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.
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Bec and Lleyton Hewitt sell multi-million dollar luxury apartment St Kilda Road, Melbourne
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Earlier this month, Treasury Secretary John Fraser says there’s ‘unequivocally a house price bubble in Sydney’
While it might not appear to be the most suitable location for a home, its owner insists that it has an otherworldly appeal. Guests are now being invited to stay at the spot – if they dare – for £98 a night via Airbnb .
Filed under International Property News, Uncategorized
Real estate agents are part of a service industry, but there can be wide variations in how engaged or knowledgeable an agent is, which can limit your options when trying to find the right home.
Below, members of the Forbes Real Estate Council talk about what qualities they recommend first-time buyers look for in a real estate agent. Here’s what they say:
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Members of the Forbes Real Estate Council discuss important traits of a good real estate agent.
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.
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West Australian man Paul Linabury, 30, recently purchased a house in Japan
Lebron James is speaking out after an unknown vandal sprayed racist graffiti on his LA home Wednesday morning.
Police are investigating after the N-word was spray-painted onto the front gate of his Los Angeles mansion before dawn.
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James’ Brentwood home was found to be vandalized with the N-word on Wednesday morning. He was not home when it happened
Filed under Celebrity, International Property News, Uncategorized
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
President Barack Obama and his wife Michelle have bought the Washington DC house they have been renting since leaving the White House. It is believed to be the fourth house owned by the couple.
The former President of the United States and his wife have paid US$8 million (NZ$11.4m) for the Kalorama property that was formerly owned by Bill Clinton’s press secretary Joe Lockhart and his wife, Giovanna Gray Lockhart. The Lockharts sold the house in 2014.
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President Barack Obama and wife Michelle have bought this house in Washington, for $11.4 million. They have been renting the property since leaving the White House in January.
Filed under Celebrity, International Property News
There are 20,000 Airbnb listings in New Zealand and while many people still offer rooms in their home to paying visitors, a lot of the growth is in holiday houses bought expressly for the purpose of making money through Airbnb. These properties need managing – cue the huge rise in the number of property management companies offering such services.
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Kate van der Fluit of Guest Easy, which manages Airbnb properties in Auckland, says good service is about having the edge – knowing all her clients’ names and her guests’ names is all important.
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?
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“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.
Watching Sydney’s property prices climb to stratospheric heights, Pam and Steve Brossman could not help but kick themselves over the decision to sell their Mosman apartment.
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Filed under Australian Property & Real Estate News, International Property News, Uncategorized
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.
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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
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