Residential Sale

<html><body>
Angus Raine of Raine &amp; Horne says that expats who are typically spending $3 million-plus for a future home in Australia need a buyers’ agent to identify good buys and to then negotiate the sale. 
“Because of the tyranny of distance and the amount of money they are spending, expats shouldn’t just rely on only their on-line research,” says Raine. 
And expats shouldn’t rely too heavily on the help of their relatives, he suggests. “They need experts to really work on their behalf.”
Buying near a good private school often heads the wish-list of expats with the desire for their children to attend secondary school often the trigger for expats to return to Australia. 
Potts Point estate agent Vicki Laing, from Laing Estate Agents, noted some expats rely heavily on their Sydney-based relatives to inspect, at least initially, possible purchases.
"In many cases, expats first identify potential buys on the internet and then ask their family to inspect the properties."
Shayne Harris of Savills Australia says parents really enjoy inspecting properties and representing their expat children.
“They are obviously proud of their kids and pleased to be on the ground looking after them.” 
But Harris says that over reliance on relatives can lead to issues and disappointment.
Buyers’ agent gave noted some vendors regard expatriate buyers as "wood ducks", or easy targets especially if the expat buyers unwittingly send a message to vendors that they have plenty of money, are poorly informed about the local property market and have little time to inspect properties.
Shayne Harris says expats tend to look for houses in good condition that can be rented immediately after settlement.
He says an expat can claim excellent negative-gearing tax breaks that might ease the reality that rents for top-end properties are significantly down.
</body></html>

jonathanchancellor-7SQnKwU6yx

Expats ought not rely just on property research from relatives

<html><body>
Next year could be the time for the quiet cities to shine.
While Sydney/Melbourne have been rising, and Perth/Darwin falling, the other four capital cities have been apparently dormant in the middle of the pack. 
But sales activity patterns, taken with other indicators, suggest we can expect better things from Brisbane, Adelaide, Canberra and Hobart in 2016. 
The Canberra market appears poised for recovery, the Tasmanian economy is improving and the Hobart market is producing increasingly positive statistics, while both Brisbane and Adelaide have sales momentum in specific precincts, which are likely to deliver growth in the New Year. 
There is considerable movement in Brisbane markets. Within the Greater Brisbane area, the pecking order keeps changing and new markets keep emerging while others subside.
A year ago Brisbane North was strong, with many suburbs delivering double-digit price growth, but now the momentum is very much south of the CBD. 
Logan City is the leading precinct with large numbers of growth markets, while the Brisbane South market has stepped up in the second half of 2015 and remains strong going into the New Year.
Logan City has 18 suburbs with rising sales trends, which is the second best in Australia (behind the resurgent Gold Coast).
The most noticeable gains recently have been made by Ipswich City in the south-west of the metropolitan area. Traditionally, Ipswich City has been the leading capital growth precinct in Brisbane. Now, after several down years, it’s making a comeback and is a market to watch, with a high level of affordability and a strong infrastructure spend.
Adelaide is a rising market, but to date significant price growth has been isolated to select precincts. 
Sales activity in the past four quarters has been higher, in each case, than the corresponding period a year earlier. This includes the September 2015 Quarter, which produced the best sales result for this time period for the past four years.
The Adelaide market has been on a generally upward path for the past two years, without ever achieving boom status. The rise in activity has been gradual rather than dramatic – and to date price growth has been moderate – except in specific areas, notably in the middle-market precincts in the western suburbs. 
Right now, Adelaide has twice as many growth suburbs as Sydney and looks good for better performance in 2016.
Tasmania keeps sending out signals that its economy is improving and that confidence is rising – and we are seeing glimmers of improved activity in property markets, as well as some solid numbers from Hobart in terms of growth in rents and prices. 
Canberra sales activity in the September Quarter confirmed my previous assessment that the market had arrested its earlier decline, after two years of stagnating or decreasing sales in its markets.  
There have been improvements in house sales levels, but the unit market remains weak. This is reflected in the latest price growth data from CoreLogic RP Data, which shows a 5.1% annual rise in the House Value Index but a 2.6% annual decrease for units.  
In terms of total sales in the ACT, including both houses and units, every quarter this calendar year has recorded higher sales than in the same quarter in 2014. 
Typically in Canberra, the December Quarter is the strongest period for house sales – and I expect the current trend of gradually rising sales activity to continue into the December 2015 Quarter.
 
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
</body></html>

terryryder-YECXbqmri2

2016 may be the year of the quiet city: Terry Ryder

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
Over the 12 months to June 2016, 14.0 percent of all house sales and 7.3 percent of all unit sales were at a price of at least $1 million. 
To put these figures into perspective, just five years ago 7.5 percent of all house sales and 4.0 percent of all unit sales were within this price point. 
Research shows that the combined capital cities saw a much higher proportion of sales of at least $1 million over the past year. 
Across all house sales, more than 1 in 5 sales (20.9 percent) were for at least $1 million compared to 8.9 percent of all unit sales. 
Within the regional areas, the sale price for houses and units are typically lower than those in capital cities.
<a href="/images/2016/08/19/Screen%20Shot%202016-08-19%20at%202.57.08%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/08/19/Screen%20Shot%202016-08-19%20at%202.57.08%20PM.png" alt="">
 
An emerging trend worth noting is the fact that the difference between the proportion of house and unit sales of at least $1 million is much narrower in regional areas. 
In regional areas we tend to see that units are only located in larger regional markets and often are positioned in relatively expensive waterfront locations. Often the proportion of unit sales at, or above, $1 million has been above that for houses. Over the past year, 3.3 percent of all regional house sales and 3.0 percent of all unit sales were at least $1 million.
</div>
</div>
<div class="layoutArea">
<div class="column">
Over the past 10 years in particular, we’ve seen a substantial rise in the proportion of sales of at least $1 million.
CoreLogic data confirms that in Sydney, over the past year more than 2 out of every 5 house sales was at least $1 million, and in Melbourne, 1 in 5 house sales was at least $1 million. Sydney had a higher proportion of total unit sales of at least $1 million than the proportion of house sales at that price point in each city except for Melbourne. (Refer adjacent table which highlights the proportion of sales of at least $1 million over the past year, a decade ago and 20 years ago.) 
There is an element of bracket creep in the numbers, however, as the supply of affordable homes selling has declined significantly over recent years, an increasing proportion of stock is selling for a seven figure sum.
<a href="/images/2016/08/19/Screen%20Shot%202016-08-19%20at%202.58.55%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/08/19/Screen%20Shot%202016-08-19%20at%202.58.55%20PM.png" alt="">
 
Demand for premium housing and within the most expensive areas of the country remains buoyant which suggests that over the coming year the proportion of sales at a price point of at least $1 million will continue to rise. 
Cameron Kusher is research analyst for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
</div>
</div>
</div>
</div></body></html>

ckusher-ujnxiKuFQs

$1 million property market sales on the rise: CoreLogic's Cameron Kusher

<html><body>
A Manly home has sold at weekend auction for $3,116,000.
The residence sits at 12 Iluka Avenue which comprises 372 square metres. 
It features two bedrooms, a single bathroom, a carport, office, and a large level lawn.
Manly beach is 450 metres from the listing.
Ray White Freshwater agent Jacquelynn Watson and Andre de Ruyter managed the sale. 
 “The highest offer we had prior to auction was $2,450,000, and the bidding actually started $100,000 above that prior offer, we then went on to receive over 80 more bids before the hammer fell. “We had more than 200 people through the opens - everyone from builders and trades people through to families and downsizers - and it was a local family who were the lucky winning bidders. “This wonderful home combines the classic scale and characteristics of its 1940's origins with superb potential and the beachside location made it a wonderful offering.”
Manly's median house price is $2,825,650.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Manly home on Iluka Avenue sells for over $3 million

<html><body>
An expansive modern home in Oatley has been sold for $2,421,000.
Situated at 78a Waratah Street, the narrow (but freestanding) house features six bedrooms, four bedrooms, double garage, and small lawn.
It sits on a 505 square metre block.
The home had not previously sold since it was built.
Oatley's median house price is $1,555,500.
Andrew Stefanovski and Bobbi Trajkovski, from Laing+Simmons St George, listed the property.
 
 
 
 
 
</body></html>

Oatley home sells for almost $2.5 million

<html><body>
A north facing Palm Beach weekender house with vistas spanning the oceanfront and Pittwater has been sold for $3.4 million.
It was offered by Jonathan Fletcher from McGrath with $3.3 million price guidance.
Held by the one family for 56 years,<a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-128543134" target="_blank"> 5 Florida Road</a> offered updated interiors, wide decks and a private position.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/23/5%20florida%20rd%201.jpg" alt="">
It came with three queen-sized bedrooms with built-ins, gas equipped kitchen, family bathroom and tropical gardens. 
Other features include lime washed floors, ducted air, gas fireplace.
There was single garage plus driveway parking. 
It's just steps from Rock Bath Road pathway to the beachfront.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/23/5%20florida%20rd%203.jpg" alt="">
</body></html>

 Palm Beach trophy home with ocean vistas sold for $3.4 million

<html><body>
Global advertising leader Brent Smart, who recently left Saatchi &amp; Saatchi New York to move to IAG in Sydney, has bought a house in Bondi.
Smart paid $2.5 million for the family home with wife Amanda Kennedy.
Spread over two levels, the contemporary residence has four bedrooms, two bathrooms and an alfresco dining courtyard.
Raine &amp; Horne Double Bay agent Ric Serrao and Michelle Brooks sold the home after it spent 77 days on the market.
Smart was recently named IAG's first ever chief marketing officer after being the CEO at Saatchi &amp; Saatchi in New York for three years.
 This article first appeared in the Daily Telegraph.
 
 
 
<div class="g">
<div data-hveid="37" data-ved="0ahUKEwjLj72N0_vVAhWEwrwKHTVqCwYQFQglKAAwAA">
<div class="rc">
<h3 class="r"><a href="https://www.campaignbrief.com/2017/02/iag-appoints-ex-saatchi-saatch"> </a></h3>
</div>
</div>
</div>
</body></html>

firstname1-iYD4UYzvBa

Global advertising leader Brent Smart buys in Bondi

<html><body>
On Sydney's upper north shore a St Ives offering has been sold off market by a billionaire who hails from the petrochemical industry in China.
The 5729 sqm Douglas Street property sold a year ago at $9.9 million with an older style single-level double-brick home, guest house, a pool and a tennis court.
But Paul Diks and Daniel Jin at Richardson &amp; Wrench had it re-listed.
They secured $11.2 million.
It seems it might now become a site for five houses.
</body></html>

St Ives sale secures record $11.2 million

<html><body>
Michael and Raye Abouchabake, owners of Bowral's Cafe Rocco, have bought a family home in Bowral.
The couple have paid $1.48 million for the two storey <a href="https://www.realestate.com.au/sold/property-house-nsw-bowral-125500870" target="_blank">Centennial Road home</a>.
Hidden away behind mature plantings and deciduous trees, the home has four bedrooms and two bathrooms.
The open plan kitchen, sun room, dedicated study and family room have views over the back garden and orchard featuring pear, apple, plum and Tahitian lime trees.
A covered rear entertaining area looks out to the garden features referred to as "Cupid's Courtyard" in the marketing.
Linda Tyler and Matthew Sparke at Duncan Hill Bowral sold the home after 44 days.
Abouchabake recently said it was sad to see the Grand Hotel, the neighbouring business, close after working alongside it for 18 years.
</body></html>

Owners of Bowral's Cafe Rocco buy nearby family home

<html><body>
The international lawn bowls couple Wayne Turley and Claire Duke have listed their family home in the Sutherland Shire.
The couple, who are both Commonwealth Games medalists, are off to Tweed Heads, the coastal mecca for lawn bowlers.
The move comes as the legendary Turley has secured a managerial role at the Tweed Heads Bowls Club which dates back to the early 1920s.
It also marks a return to the northern NSW for Turley who went to Mullumbimby High.
Extensively renovated, the contemporary <a href="https://www.realestate.com.au/property-house-nsw-miranda-126139318" target="_blank">four bedroom Miranda home</a> now features a salt water pool in the backyard.
An entertaining terrace wraps around the 1970s home which cost $821,000 in 2011.
McGrath Sutherland Shire agent Katrina Wright has set a September 2 auction date.
Turley, who has been the bowls co-ordinator at Taren Point Bowls Club in recent years, won gold in the men's triples at the 2006 Commonwealth Games in Melbourne.
He won a silver medal four years later at the 2010 Games in Delhi, the same year Duke won a silver medal in the triples.
"On the green, it's pretty fiery, I didn't realise how much sledging goes on," Turley recently noted on the NSW Queensland bowls rivalry.
The couple wed in 2013.
Miranda's median price sits at $1.4 million for four bedroom houses, according to CoreLogic. 
This article first appeared in the Sunday Telegraph.
</body></html>

Residential Sale

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Residential Sale

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News