Real Estate Agents
Find the latest property, housing, financing & real estate news and headlines in the Australian Real Estate market from real estate agents and industry experts on Top4 News.
Curated by Top4
Your new post is loading...
Scooped by Top4
Scoop.it!

Approaching 40 and still don’t own a home? Here’s what you need to know

Approaching 40 and still don’t own a home? Here’s what you need to know | Real Estate Agents | Scoop.it

For those who thought being 40 was still all about swimming in the fountain of youth, then it might be time to rethink that idea — especially if you’re in the market for your first home.

 

In today’s society, being on the ‘wrong’ side of 40 is a perfectly normal life stage to have a baby, get married, or be Leonardo DiCaprio, however it’s an age bracket that makes mortgage lenders take a second look.

 

Before the outraged cries of ageism begin, there’s actually a legitimate reason why financial power houses look at age when it comes to first homebuyers. It comes down to retirement.

 

Put bluntly, if you’re househunting after 40 (and most home loans these days are for 30 years) then you’ll be around 70 when that last payment is made. And chances are your wage earning days will be behind you.

 

 

No comment yet.
Scooped by Top4
Scoop.it!

Sunnybank Hills the surprise Brisbane suburb selling the most at auction

Sunnybank Hills the surprise Brisbane suburb selling the most at auction | Real Estate Agents | Scoop.it
 
One of Brisbane’s most culturally diverse suburbs is leading the way on auctions, with almost double the clearance rate of the rest of the city.
 

Sunnybank Hills recorded a clearance rate of 83.3 per cent at auctions so far this year, Domain Group data showed. It is a figure that eclipses Brisbane’s overall median clearance rate of 48.5 per cent.

 

It is still a very affordable area with good value. It is close to good schools and has good culture in the community. If you add all that together, it makes it a great area,” Mr Kowtan said. Despite being Brisbane’s best suburb for clearance rates, Sunnybank Hills has recorded a 3 per cent drop in house prices over the second half of last year.

 

 

No comment yet.
Scooped by Top4
Scoop.it!

Is Brisbane or Hobart the next property hotspot?

Is Brisbane or Hobart the next property hotspot? | Real Estate Agents | Scoop.it
 
Depending on who you believe the next property hotspot is Brisbane or Hobart, mainly due to housing affordability.
 

While the Sydney market peters out, Brisbane and Hobart are warming up with the Australian Bureau of Statistics Residential Property Price Index rising 2.5 per cent in Hobart and 1.6 per cent in Brisbane over the December quarter.   

 

Propertyology buyers’ agent Simon Pressley buys properties across the country and says many investors are targeting Brisbane simply because they believe it’s the next place to boom.

 

“In a lot of cases [investors] think it’s like a wave and it’s moved on to Brisbane,” he says.

No comment yet.
Scooped by Top4
Scoop.it!

South Australian homes with glorious sea views

South Australian homes with glorious sea views | Real Estate Agents | Scoop.it

Treat yourself to the best sea views along the South Australian coast​. Everything sounds better when you add “beside the sea”.

Waking up … beside the sea. Entertaining friends … beside the sea. Reading a book … beside the sea. 

 

For this reason, a gorgeous ocean view is the deal breaker for many home buyers. Forget about the size of the block, if there’s a walk-in wardrobe or the last time the timber floors were stained. If you can cast your eye over the sea, sign us up.

With this in mind, treat yourself to the best sea views along the South Australian coast​.

No comment yet.
Scooped by Top4
Scoop.it!

Aviation House in Woden attracts offshore investor interest

Aviation House in Woden attracts offshore investor interest | Real Estate Agents | Scoop.it
 
International investors could shell out more than $70 million for Woden’s Aviation House, which will hit the market on Thursday.
 

The sale of the nine-storey building in Furzer Street is expected to be one of Canberra’s most significant commercial property transactions of the year.

 

Mr Heather said the property was expected to attract superannuation funds and real estate investment trusts from both Australian and international groups.

 

Aviation House boasts a 100 per cent occupancy from three AAA-rated Commonwealth of Australia tenants, which Mr Heather said was particularly attractive to potential investors. “The fact that you have three different government tenants minimises the binary risk of any whole building vacancy,” Mr Heather said.

 

Mr Heather said Canberra averages between six and 10 office building sales worth more than $50 million and larger assets were particularly attractive to interstate and offshore buyers.

No comment yet.
Scooped by Top4
Scoop.it!

What to consider when renting out your holiday home

What to consider when renting out your holiday home | Real Estate Agents | Scoop.it

The long Easter weekend is around the corner, and the weather is still holding up. But before you hand over the keys, here's what you should know.

 

Before you purchase the home, make sure to get it properly assessed for any damages and record any repairs that need to be made. From the moment you begin searching for a property, you should keep a record of all the expenses associated with your holiday home. This will make it easier to work out what expenses you can claim as deductions.

 

You have to consider if the income you derive from a holiday home will cover any interest being incurred or the costs of running the property. Prepare your home with enough features and facilities to make your guests comfortable and somewhat homely, without making them feel like they are in some else’s home.

 

And finally, be prepared for the unexpected. Disputes over damage, additional rubbish removal, accidental breakage, spring-cleaning, insect infestations, and carpets and window cleaning are just some issues that may arise during the course your rental agreements.

No comment yet.
Scooped by Top4
Scoop.it!

Median house price falls in capital cities for first time in three years

Median house price falls in capital cities for first time in three years | Real Estate Agents | Scoop.it
 
The median capital city house price has fallen for the first time in three years.
 
The median house price across all capital cities fell, albeit marginally, to $695,788 in the December quarter, dragged down by a decline in the Sydney market. The 0.4 per cent decline followed 13 consecutive quarters of growth in the weighted average median house price, the Real Estate Institute of Australia said.

 

“Sydney, the strongest market in the recent years, showed the largest decrease in median prices leaving some commentators speculating whether the city’s housing market has reached its peak,” Mr Sanders said 

 

The median house price for the capital cities was up 7.4 per cent compared to the December quarter of 2014, with rises in each of the capitals except Perth.

 

“Annual growth is still strong but lower compared to what we observed over the last couple of years,”

No comment yet.
Scooped by Top4
Scoop.it!

Poly Real Estate brings careful development to Australia

Poly Real Estate brings careful development to Australia | Real Estate Agents | Scoop.it

Chinese megadeveloper Poly Real Estate does a quirky test just before it builds its first apartment: it counts the number of apartments with lights on. 

 

The test in Chinese, "liang deng lu", gives the developer a sense of "living demand", Australian managing director Arthur Wang said in the company's first interview in Australia. 

 

"And the living demand in Australia is high," he said. "The test indicates how many people actually live in their own homes, an indication that they can either afford to own or lease them.

"Doing this also helps us feel the market: feeling the market in person is important."

 

The company is a subsidiary of the $125 billion conglomerate China Poly Group Corporation, and one of the top five property players in China alongside Dalian Wanda and Greenland, both with presence in Australia. 

 

China Poly has attracted controversy for its weapons and arms business through its subsidiary Poly Technologies, which Mr Wang explained was one of the Poly's many non-real-estate businesses, including brand representations for Masserati and Mercedes and US yacht brands in China, and separate from its real estate business.




No comment yet.
Scooped by Top4
Scoop.it!

Gold Coast a world hotspot for super-rich buyers

Gold Coast a world hotspot for super-rich buyers | Real Estate Agents | Scoop.it
 
It seems the Gold Coast has caught the eye of the world’s super-rich.
 
The popular holiday destination has received global recognition as one of the hot spots to buy a second home in a new report released on Thursday.

 

The Wealth Report, a yearly analysis on the world’s most rich, named the Gold Coast alongside the French Riviera and the Spanish party island of Ibiza.

 

" We believe with a lower dollar and strong foreign demand for investments and second homes, the Gold Coast will increasingly be in play,” Mr Whitby said.

 

" On a relative price basis, the Gold Coast is also well placed compared with its southern city counterparts.”

 

The Gold Coast is really attracting investors looking to cash in on higher yields in the build up to 2018.

No comment yet.
Scooped by Top4
Scoop.it!

Sydney's Central to channel Midtown Manhattan

Sydney's Central to channel Midtown Manhattan | Real Estate Agents | Scoop.it

Nearly 150 years ago Grand Central Station in Manhattan sat surrounded by a relatively underdeveloped area. Over the next generation the precinct would grow into the city's Midtown precinct with landmarks such as Park Avenue and the Chrysler building. 


The NSW government now wants the same thing to happen for the 80 to 100 hectares of government-owned land around the 1.5-kilometre-long rail corridor from Central Station to Eveleigh. The plan was detailed at a forum hosted by the Committee for Sydney and the Sydney Business Chamber on Monday. 


A long-term urban transformation strategy for the precinct will be released by mid-2016. The ambition is to have between 29,000 and 56,000 new residents, balanced by densification of office towers to the south and new transport. 

Projects such as Barangaroo, the Bays Precinct and a new light rail line down George Street will transform Sydney over the next decade. Near Central Station itself there is a new $1 billion vision for the Australian Technology Park, which will become home to the Commonwealth Bank in 2020. 



No comment yet.
Scooped by Top4
Scoop.it!

Melbourne home auction market builds up

Melbourne home auction market builds up | Real Estate Agents | Scoop.it

Auction numbers will surge again this weekend as nearly 1200 homes are expected to go under the hammer.


Auction numbers will surge again this weekend as nearly 1200 homes are expected to go under the hammer; well ahead of last weekend’s 930 but below the 1341 auction figure at the same weekend last year.


Lower numbers this weekend compared with 2015 reflect the usual pre-Labour Day long weekend lift in activity that will come a weekend later this year.


Inner suburban properties will comprise most homes auctioned this weekend as the market is clearly in full stride.  


Melbourne reported a 77.9 per cent clearance rate last Saturday; higher than the 75 per cent recorded the previous weekend and the 77.3 per cent rate at the same weekend last year.

No comment yet.
Scooped by Top4
Scoop.it!

Chris Hemsworth puts Malibu home on market for $9 million

Chris Hemsworth puts Malibu home on market for $9 million | Real Estate Agents | Scoop.it


In the stratosphere A-list real estate, film star Chris Hemsworth’s Malibu mansion is close to heaven.

The Aussie heartthrob, famous for playing the god Thor in The Avengersmovies, listed his the luxurious LA estate on the market this weekend, at a cool $US6.5 million ($9 million).


The former soapie star bought his home away from Aussie shores with actress wife Elsa Pataky in June 2013 for $US4.8 million from Australian acting legend Paul Hogan.


For the lucky new owners of the Malibu mansion Julia Roberts, Gwyneth Paltrow and Cindy Crawford will be on hand for a cup of sugar. The beach-side neighbourhood is known for its star studded streets.

No comment yet.
Scooped by Top4
Scoop.it!

How to sell a luxury Melbourne apartment

How to sell a luxury Melbourne apartment | Real Estate Agents | Scoop.it

Basketball-obsessed Melbourne developer Larry Kestelman has thrown another trick shot in his efforts to sell luxury apartments in his $800 million South Yarra tower, Capitol Grand, by offering up to 2 million Qantas Frequent Flyer points to off-the-plan buyers - the equivalent of five first-class return airfares to London or New York.


Mr Kestelman told The Australian Financial Review 120 out of the 400 apartments had now sold, the majority to local buyers, with some combining apartments.


The most expensive penthouses are priced at an eye-watering $25 million, more expensive than the $20 million paid for the penthouse atop Australia 108, the Southbank skyscraper now under construction which will be the tallest in the Southern Hemisphere upon completion in 2019.

The project received development approval at VCAT in July last year after the height was raised from 38 to 50 stories. Mr Kestelman said it had the full support of the City of Stonnington, whose mayor Claude Ullin agreed to pose for a photo in front of the hoarding.





No comment yet.
Scooped by Top4
Scoop.it!

The rise of Melbourne's prestige property market

The rise of Melbourne's prestige property market | Real Estate Agents | Scoop.it
 
Melbourne’s prestige property market is picking up, with more high-flying buyers coming out of the woodwork.
 

Domain Group senior economist Andrew Wilson says increasing numbers of wealthy buyers are splashing cash on prestige properties “with Toorak and South Yarra being front and centre of that growth”.

 

A Melbourne property developer says he’s close to smashing the city’s $25 million record price for an apartment with his flagship luxury high-rise at South Yarra.

 

Self-made multimillionaire Larry Kestelman is confident his penthouse apartments in Capitol Grand will sell for more than the $25 million record which was created last year when a mystery Chinese businessman paid the vast sum for a 750 square metre penthouse in the Australia 108 tower at Southbank.

 

No comment yet.
Scooped by Top4
Scoop.it!

World’s Largest Real Estate Firms Unveiled

World’s Largest Real Estate Firms Unveiled | Real Estate Agents | Scoop.it

Two Australian firms have made the cut for inclusion in a ranking of the world’s top 100 real-estate firms according to their total value of assets.

 

In its latest ranking, Global RealEstateInsight has revealed that Westfield Corporation came in at number 42 with total assets of $US29.3 billion whilst Lend Lease also made the cut in 94th place with $13.1 billion in assets.

 

Around Australia, real-estate companies have been benefiting from a strong improvement in the housing market as well as high levels of foreign investment pouring into office, retail and industrial assets.

 

In the second half of last year, for example, Lend Lease saw a 49 percent increase in residential pre-sales and a 45 percent rise in residential settlements.

 

In the commercial property sector, meanwhile, activity is running hot amid strong demand from overseas investors.

No comment yet.
Scooped by Top4
Scoop.it!

Perth housing market ‘bottomed out’ according to new figures

Perth housing market ‘bottomed out’ according to new figures | Real Estate Agents | Scoop.it
 
House prices have risen in Perth for the first time in almost two years, in a sign experts say shows the market may have finally bottomed out.
 

According to official figures released by the Australian Bureau of Statistics, Perth’s residential property prices jumped half a per cent in the December quarter. The increase brings an end to the ongoing trend of sliding property prices recorded since late 2013.

Despite the jump over the last quarter, Perth recorded an overall annual drop of 2.9 per cent in property prices.

 

Perth and Darwin were the only two capital cities to record an annual fall in property prices, according to the ABS residential property price index. The data also states the median price paid for a Perth apartment was $435,000 in the December quarter, an increase of $2000 on the previous quarter.

 

 

No comment yet.
Scooped by Top4
Scoop.it!

Suburb house price records smashed across Canberra

Suburb house price records smashed across Canberra | Real Estate Agents | Scoop.it

A huge week of auctions has come to a close with more than 100 homes going under the hammer and at least three suburb records smashed across the capital.

 

Sandwiched between two public holiday weekends, the week provided a final opportunity for vendors hoping to have their homes sold before Easter.Luton Properties director Richard Luton said his company sold three properties for record prices throughout the week.

 

The sale was the third highest in history for the Belconnen district. The district record was set in November when a home in Bruce sold for $1.7 million. Mr McInnes said people are starting to realise the value in Belconnen, with smaller parcels of land in Canberra’s outer suburbs commanding big price tags.

No comment yet.
Scooped by Top4
Scoop.it!

Hot property on the NSW North Coast

Hot property on the NSW North Coast | Real Estate Agents | Scoop.it

Domain's pick of prestige property this week.


768 Casuarina Way, Casuarina:

This is the kind of property that will attract global attention, because even with Australia’s miles of pristine beaches, it is extremely rare to find an absolute beachfront land offering of this size with an iconic resort-style property at this asking price.

 

Chevalier Crescent, Hunters Hill:

Enjoying plenty of interest from local upgraders, the waterfront property lies within the prestigious Pulpit Point Estate and comes with access to licensed boating facilities. Elegant curved walls features across all three levels, with the key living spaces at entry level, bedrooms on the upper level and casual living and garaging on the lower level.

 

3 Balmoral Avenue, Mosman:

Designed by Corben Architects, the three-level home comes with a heated, wet-edge pool, manicured gardens, an internal lift and state of the art technology.

 

20 Hynes Road, Dalkeith:

Enjoy the heated glass mosaic-tiled pool, the steam room, the underground 2500-bottle cellar, the theatre room and – if you must work – an impressive executive office.

 

No comment yet.
Scooped by Top4
Scoop.it!

Are rich Indian buyers the next big thing in Australia luxury real estate?

Are rich Indian buyers the next big thing in Australia luxury real estate? | Real Estate Agents | Scoop.it

Agents are forecasting cashed-up trophy home buyers from more than just China to come knocking, as they are in other countries.

 

The appeal of Australian real estate is spreading to the subcontinent, with super-rich Indians tipped to be the next trophy home buyers. With India’s economic growth this year expected to surpass China’s, and its individual wealth increasing, local agents are forecasting cashed-up Indian buyers to come knocking, as they are in other countries.But the degree of impact and influence Indian money could have on Aussie property is as much a guess as a bet on a cricket match between the two countries.

 

Indian interest in Australian property is about five years behind the rate of offshore Chinese, Mr Jacobs said. “I think of a lot of wealthy Indians were focused on London, and I think London has become very crowded and very expensive. They are looking for an alternative and Australia is a great alternative.”

 

A poll by think-tanks the Australia India Institute and The Lowy Institute found 60 per cent of Indians believed their country would be better if its government and society functioned like Australia’s.

 

 

No comment yet.
Scooped by Top4
Scoop.it!

Clifftop development to change Brisbane skyline

Clifftop development to change Brisbane skyline | Real Estate Agents | Scoop.it
 
Brisbane’s skyline is set to change with a $150 million residential development to be perched on top of the Kangaroo Point cliffs.
 

Singaporean developers Banyan Tree Group announced plans for 76 hotel-style luxury apartments on 10 levels that will overlook the CBD, Botanic Gardens and the Story Bridge. The Banyan Tree Residences will be built on top of the heritage-listed cliffs on a 2,200 square metre site between Main Street and River Terrace. 

 

The residences will include 45 two-bedroom apartment, 27 three-bedroom apartments and four penthouses with three rooftop infinity pools. It will also include a 24-hour hotel-style concierge.

Banyan Tree Group executive chairman Ho Kwon Ping said the cliffs were the key to the development.

 

“This building will dominate the cliffs; it will be the first on the street, and the developments will just keep moving down the street,” Mr Litzow said. Construction, which is set to begin in the second half of the year, could take up to three years to complete.

No comment yet.
Scooped by Top4
Scoop.it!

Melbourne’s cheapest apartment found in ‘notorious’ Ambassador Hotel site

Melbourne’s cheapest apartment found in ‘notorious’ Ambassador Hotel site | Real Estate Agents | Scoop.it
 
Claims affordable properties still exist in Melbourne may be hard for prospective buyers to swallow when they see exactly what the lowest end of the market looks like.
 

The cheapest apartment sold last year was for just $103,500, according to Domain Group data. But it was found behind a derelict hotel with squatters and in a complex known for crime and drugs.

 

A few hundred metres from the beach and a walk to shops and transport, the Ambassador Hotel site in Frankston should be hot real estate.

 

But agents listing apartments in the complex are taking years to find buyers for the city’s cheapest properties because of its bad reputation.

 

The situation is so bad that local paramedics have raised safety concerns about the site and will not attend without police, according to the Ambulance Employees Association.

No comment yet.
Scooped by Top4
Scoop.it!

Brisbane CBD could have new tallest tower

Brisbane CBD could have new tallest tower | Real Estate Agents | Scoop.it
A maximum-height residential skyscraper has been proposed for the Brisbane central business district.

According to the development application, the 91 storey tower planned for 240 Margaret Street would, in effect, be a twin to the adjoining Brisbane Skytower, which is also at the city’s maximum-height limit of 274 metres.

The proposal was made by Singaporean developers World Class Land, which was approved for another 91 storey tower at 30 Albert Street last December.

The project would feature 783 units, mostly consisting of one, two and three bedroom apartments.

A Brisbane City Council spokesman said initial documentation had been lodged by World Class Land, but a full application had not been formally received.
No comment yet.
Scooped by Top4
Scoop.it!

CBRE Group, Inc. Named Top Global Real Estate Brand

CBRE Group, Inc. Named Top Global Real Estate Brand | Real Estate Agents | Scoop.it

CBRE Group has announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 15th consecutive year.


Lipsey, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2001. CBRE has been ranked number one every year that Lipsey has conducted its brand survey. In 2016, more than 100,000 U.S. and international professionals participated in the survey, including property owners, investors, lenders, occupiers, brokers and property managers.


Earlier this month CBRE was ranked among Fortune’s Most Admired Companies in the real estate industry for the fourth consecutive year. In the 2016 Fortune program, CBRE was the top-rated real estate firm for people management and also scored notably well on quality of services, quality of management, financial soundness and innovation.

No comment yet.
Scooped by Top4
Scoop.it!

Grand St Kilda house Oberwyl for sale, offering insight to Melbourne's history

Grand St Kilda house Oberwyl for sale, offering insight to Melbourne's history | Real Estate Agents | Scoop.it

You know you're in the prestige end of the property market when you get to attend an auction by invitation only.


To qualify to take a crack at Oberwyl, one of St Kilda’s oldest – and by dint of association to important people in the development of the arts and education – one of Melbourne’s most richly provenanced houses, you should make it known you can toss multiple millions into the pot.


Jock Langley of Abercromby’s, who is overseeing the sales campaign of the elegant old mansion with the Regency features, six bedrooms and many “flexible reception rooms”, including a ballroom, hints that to be competitive in the bidding, you’d be thinking in the range of $4.5 million.


Oberwyl was operated by various other sister-teacher combinations and by the Edwardian era, was one of the largest private girl’s schools in the state. Out of it was said to have grown both Clyde Grammar and St Michael’s Grammar.


“It’s just one of those houses where you walk into the rooms that have been so beautifully built and so beautifully proportioned and find a wonderful house that hasn’t been wrecked,” Langley says.


Oberwyl will be privately auctioned on Thursday March 10.



No comment yet.
Scooped by Top4
Scoop.it!

Portsea's mediterranean mansion "Rovina" sold for $10.7 million

Portsea's mediterranean mansion "Rovina" sold for $10.7 million | Real Estate Agents | Scoop.it

A company associated with Darvell Hutchinson, the former chairman of the philanthropic Helen Macpherson Smith Trust, has sold the Portsea mediterranean-style mansion "Rovina" for $10.7 million. 


The cliff-edge villa was sold privately to the company Rovina Investments Pty Ltd three days ago. Rovina Investments is headed by director Daniel Dexter and is registered at the advisory firm to the arts industry, Lowensteins Arts Management. 


Pacrana Pty Ltd, the company associated with Mr Hutchinson, bought the home for $714,000 in 1980.


The 1991sq m "Rovina" is one of the Mornington Peninsula's most classical homes overlooking Portsea pier and Weeroona Bay.

The early 1960s home with five bedrooms and five bathrooms was designed by renowned Geelong-born architect Geoffrey Sommers, who is known for his work in the wealthy suburbs of Toorak and South Yarra. 




No comment yet.