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.
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Savvy property investors look to Brisbane

Savvy property investors look to Brisbane | Real Estate Agents | Scoop.it

A CRACKDOWN on lending to property investors hasn’t dampened their appetite, with many looking to Brisbane as the next hotspot.


Almost two thirds of property investors are looking to buy a residential property in the next six to 12 months, according to a survey of more than 1000 investors.


Property Investment Professionals of Australia chairman Ben Kingsley said most survey respondents believed Brisbane was a more affordable alternative to Sydney and Melbourne, where prices have already boomed.


More than 40 per cent of the investors surveyed cited long-term wealth benefits as the prime reason to buy property, followed by capital growth opportunities and low interest rates.

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Commercial real estate attain high records through foreign investment

Commercial real estate attain high records through foreign investment | Real Estate Agents | Scoop.it

The Commercial Real Estate Service (CBRE) presented by analysis that foreign investors are accounted for 56% of the $8.6 billion worth of commercial sales in September and proposed it as the highest fraction of sales to offshore buyers in 10 years of observation. Businesses had driven to 8.5% higher than last year.


“The major source of new capital has been China, with Australia attracting close to 25% of the US$6.5 billion in Chinese investment capital released into global real estate markets in the first half of this year,” said Stephen McNabb, CBRE's Australian Research Head.


While Executive Managing Director Mark Granter said that the Chinese capital were only carried out by private investors and developers. Consequently, major institutional investors are becoming involved.

Top4s insight:

Having an exchange of investment deals with a good negotiation will make one's country, most likely, to increase its capital. With a little help, comes with a great scale of difference.

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Melbourne recognised as Australia's capital in real estate growth

Melbourne recognised as Australia's capital in real estate growth | Real Estate Agents | Scoop.it

Sydney is known for having the highest in real estate market. But last quarter, month of September, based on the RP Data figures revealed that Melbourne's property market striked its post and proved to be Australia's livable place which also, took pride of its real estate market. It is shown that the residential value was greatly increased by 7.4 percent and clearance rates dropped from 75.2 percent to 73.2 percent last month.


As results found in Domain data, there's an outstanding growth in auction numbers and large leap in stable auction prices.


"This cycle has been much more a story about Sydney. But this is the first time Melbourne has outperformed Sydney on a month on month and on a quarter bases, in current cycle." Tim Lawless, RP Data Head of Research, said.

Top4s insight:

Despite of problems in oversupplying, Melbourne is able to outgrow over Sydney in auctions numbers. This development made Melbourne to rank first place and helped Australia's investments to increase. But experts says, it needs to cool down at some point.

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Developer call-out sunset clawback, 37 apartment owners lose their homes.

Developer call-out sunset clawback, 37 apartment owners lose their homes. | Real Estate Agents | Scoop.it

"Our lives are ruined, We're workers with average salaries who have saved up all that money. To save another three times for a deposit will take a lifetime." said one of the 37 apartment owners.


Wolli Creek, Southern Sydney - In 2010, home buyers are in search of owning a property purchased apartment as cheap as $370,000 - just before the Sydney housing boom. Sadly, in 2013, their dream became a nightmare. 


Kaymet Corporation, the developer, overturn their contracts by applying the "sunset clawback" clause. Under circumstances, the developer will take back the properties and resell to a higher cost. For example, a one-bedroom apartment at the residential estate sold for $370,000 in 2009, now it can be sold at an estimation of $650,000. With this, the residents lose their home and filed a case against the developer but the NSW Supreme Court dismissed the case.


Stephen Titus, Carneys Lawyers', said the judge was advantageous on the developer's side and reviewing the court judgment. 

Top4s insight:

As one's city develops, the higher the value of it will become. The higher it become the harder an average person's living because of the expenses and struggling to live on. Unfortunately, money has become everything, that's the sad truth of reality.

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Capturing undiscovered angles of homes by Drones in Perth take property photography to a whole new level

Capturing undiscovered angles of homes by Drones in Perth take property photography to a whole new level | Real Estate Agents | Scoop.it

“Back then it wasn’t overly popular but it is getting much more popular today ... people generally love it,” Mr. Aitken said.


It was a year ago that Jim Aitken and Partners carry the drones to their marketing and they didn't expect that this could be acknowledged. As per Jim, the idea came out years ago when someone will hire helicopters to capture the elevated points of the property.


These drones are now operated in real estate photography around Sydney and some offices in Penrith start using it as well.

Top4s insight:

As technology progresses even more, this invention is very helpful to both parties (buyers and sellers) regarding property dealings. As it can capture different angles which can be convenient in measuring the potential terrain and size of the property. Also, to easily execute the plans on the property itself.

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