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Sydney’s cheapest homes: Properties on the market for under $300,000

Sydney’s cheapest homes: Properties on the market for under $300,000 | Real Estate Agents | Scoop.it
 
Sydney’s median house price is just below $1 million, but there are options at less than a third of that for those looking to spend closer to the $300,000 mark.
 
While the majority of properties listed in the budget range tend to be solely investment opportunities, such as student apartments, or retirement living for the over-55s, there are some bargain basement choices for those willing to travel.
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Buying property on a budget in Melbourne

Buying property on a budget in Melbourne | Real Estate Agents | Scoop.it

Here's proof that you don't need deep pockets to buy a good investment property in Melbourne.

 

The affordability issues for first-home buyers aren’t going away, with property prices continuing to climb across Melbourne. But everyone needs to start somewhere. 

 

There are opportunities for budget buyers who don’t want to compromise on distance from the CBD, transport or amenities for less than half of Melbourne’s median house price ($726,962). 

 

 

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Fernhill hits the market with $30 million plus price tag

Fernhill hits the market with $30 million plus price tag | Real Estate Agents | Scoop.it

A 383 hectare estate in Mulgoa, NSW has recently hit the market with a rumoured $30 million plus price tag. 

 

The 1830s heritage-listed homestead includes a 16-seat dining room, ballroom, 12 sandstone fireplaces and a horse racing track and stables that, over the centuries, have been home to two Melbourne Cup winners.

 

The mansion had been the home of property tycoon Warren Anderson, who sold it following a matrimonial family dispute.

 

When asked why the property is being sold, word from the Tripp camp is Fernhill is being sold “by mutual agreement between the current owners and their financiers.”

 

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Smart buys: Homes for less than $1 million

Smart buys: Homes for less than $1 million | Real Estate Agents | Scoop.it

There are some good deals to be found in Bondi in the zone between the beach and the junction. This sixth-floor, 100-square-metre unit is under the suburb’s $997,500 median price for two-bedroom units, as its bathroom and kitchen are in original condition.

 

On the top floor and featuring a sweeping panorama of Blackwattle Bay, this 109-square-metre unit would rent for $800 a week, a yield of at least 4 per cent at this price guide. The block has a building manager, heated pool, sauna and gym.

 

 

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Australia's 2 million real estate investors and what they pay in tax  

Australia's 2 million real estate investors and what they pay in tax   | Real Estate Agents | Scoop.it

Australia's housing investors earned $51.2 billion in gross capital gains in 2015 – enough to make property taxation an important electoral battleground.

 

Labor leader Bill Shorten wants to curb the benefits of negative gearing and concessional capital gains tax, while Prime Minister Malcolm Turnbull says such changes could hit house prices.

 

The national president of the Property Council, and chief executive of leading real estate investment trust, Stockland, Mark Steinert, has asserted the changes proposed by Labor could tip the economy into recession.


 

 




 

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Unusual tiny homes you can buy for under $100k

Unusual tiny homes you can buy for under $100k | Real Estate Agents | Scoop.it
 
Want to own a tiny house, but don’t know where to begin? It’s time to stop oohing and aahing over others who have pulled it off and make all of your own tiny-house dreams come true.
 

The tiny house movement appears to be only gaining momentum. Because of this, there are companies now offering custom designs, available in various stages of construction, starting at just $10,000. However, if you’re after something a little more quirky, then the below properties may just be for you.

 

Do you want to downsize your lifestyle in order to escape costly rent or the stresses of a large mortgage? Or are you just fantasising about investing in a little getaway? Perhaps you’d like to sample what life is like living off grid? Here are 10 unusual tiny homes that you can buy in Australia right now, for under $100,000.

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What $200,000 worth of property looks like in Melbourne

What $200,000 worth of property looks like in Melbourne | Real Estate Agents | Scoop.it
 
With $200,000 in the bank, you could buy an Aston Martin, a week in the most luxurious hotel suite at Crown Towers — or an entry-level property in the world’s most liveable city. It may be a lot of money, but $200,000 doesn’t go far in Melbourne real estate.

 

The affordability problem is perhaps best illustrated by the city’s cheapest apartment sale last year: a studio found behind a derelict hotel with squatters and in a complex known for crime and drugs.

 

Eighteen years ago, $200,000 was the median price for a house in Melbourne, according to Productivity Commission data. It’s since soared to $726,962. These days, the amount will most likely secure you micro-sized student accommodation or a “renovator’s delight” on the city’s outskirts. 

 

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Best luxury apartments for sale in Queensland

Best luxury apartments for sale in Queensland | Real Estate Agents | Scoop.it
Luxury isn’t limited to standalone homes, as these apartments prove.
 

From New York-style rococo penthouses to modern pads with breathtaking views and every home feature possible, here are the best luxury apartments on the market in Queensland.

 

 

Top4's insight:

Best luxury apartments on the market in Queensland:

 

• 43/208 Adelaide Street, Brisbane City
• 98/1 Marlin Parade, Cairns City
• 2/8 Noosa Drive, Noosa Heads
• 6401/8 Peppers Soul The Esplanade, Surfers Paradise
• 94 Seaworld Drive, Main Beach
• 2 ‘The Ocean Isles’ 3511 Main Beach Parade, Main Beach
• 15 Pavillions on Hamilton, Hamilton Island

 

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Unique Bulimba development mixes apartment and house living

Unique Bulimba development mixes apartment and house living | Real Estate Agents | Scoop.it
 
A new high-end development in Bulimba is set to offer inner-city dwellers something a little different.
 

All nine apartment’s in the Concorde Apartment project are larger than normal apartments, and will also have entirely different floor plans. Ray White East Brisbane’s Paul Liddy said the size of the apartments makes them attractive to buyers.

 

“They don’t necessarily want a house, but they want a true house alternative, and the apartments in Concorde meet this requirement with their generous sizing and big individual footprints. There is very limited stock in inner Brisbane of a similar nature.”

 

The three-bedroom, two-bathroom apartments are just 50 metres from Oxford Street, and directly opposite a park. Buyers will also have the option of purchasing up to three parking spaces to go with their apartment.

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Four high-end homes for sale in prime North Fremantle street

Four high-end homes for sale in prime North Fremantle street | Real Estate Agents | Scoop.it
 
A sprawling apartment in the historic former Burford Soap Factory building is one of four high-end homes on the market in a short stretch of Rule Street that wraps around North Fremantle’s pretty Rocky Bay.
 
All have sweeping views across the Swan River, the five-level Soap Factory apartment at 51 Rule Street also taking in ocean views to Leighton Beach.
 

However, ”apartment” probably doesn’t give the right impression of this home – it is an enormous space with lofty ceilings, four bedrooms and three bathrooms, a glass lift, wine cellar and pool.

 

North Fremantle is a unique suburb because of its closeness to the port and its industrial influence. It is also takes influences from both its neighbours; posh Mosman Park and the more artsy-alternative City of Fremantle.

 

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Woden’s Aviation House sells for $68.1 million

Woden’s Aviation House sells for $68.1 million | Real Estate Agents | Scoop.it

The benchmark has been set for Canberra’s biggest office sale of the year with Woden’s Aviation House selling for $68.1 million on Monday.

 

Mirvac sold the nine-storey office building on Furzer Street to a Queensland-based private investor through Colliers International and JLL via an expression of interest process.

 

The building houses three federal government tenants: the Civil Aviation Authority, Australian Public Service Commission and the Department of Social Services.

 

Colliers International’s national director of capital markets Tim Mutton said the 14,812 square metre asset attracted both local and international interest from investors focused on the eastern seaboard’s metropolitan markets.

 

According to Colliers International research, four major office buildings have sold in Canberra so far this year for a total of $152.325 million, three of them were situated in the CBD and sold in April

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Rare Brisbane home sells for almost $2 million at auction

Rare Brisbane home sells for almost $2 million at auction | Real Estate Agents | Scoop.it
 
 A rare suburban home in Brisbane’s south has sold for just shy of $2 million at auction on Saturday.
 

The tightly held home, perched high up on 1801 square metres of land, in an exclusive area of Holland Park, had been in one family since it was built 60 years ago.

 

A frenzy of interest saw the property take 200 inspections in two weeks, which helped achieve an enormous 24 registered bidders on the day. It was one of the suburb’s largest results, the biggest being a house sale of $2.65 million for 122 Abbotsleigh Street in 2011.

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Macquarie Bank blacklists loans for apartments in ‘risky’ suburbs

Macquarie Bank blacklists loans for apartments in ‘risky’ suburbs | Real Estate Agents | Scoop.it

Property experts have called for a national star rating system to protect buyers from losing out when banks suddenly shift their lending criteria.

 

Macquarie Bank is the latest to tighten lending for apartments, with a leaked list of “risky postcodes” throwing into question the viability of new projects in a long list of suburbs across the nation.

 

It comes less than three weeks after NAB advised shareholders during its half yearly results that it was limiting loans for inner-city apartments in Sydney and Melbourne, where the construction of more than 210,000 units is planned in the next two years. The bank last year tightened lending to buyers in 67 suburbs, demanding deposits of 20 to 30 per cent.

 

There are fears of an apartment glut in Sydney and Melbourne, with Aussie Home Loans boss John Symond warning that prices may plummet by as much as 20 per cent.

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The world's top luxury housing market

The world's top luxury housing market | Real Estate Agents | Scoop.it

No land tax, no stamp duty and the market is booming. Is this all just too good to be true?

 

Put the champagne in the chilly bin, bro. Move over Australia, New Zealand has the hottest luxury real estate market in the world.

Melbourne and Sydney have rich pickings for prestige property, but across the ditch, Auckland is the fastest growing high-end market.

 

International demand has driven a 63 per cent growth in sales of $1 million-plus properties in Auckland, according to research by global network Christie’s International Real Estate.   

 

Australia’s prestige property market is faltering, with listings drying up in Sydney and sales slowing in Melbourne’s blue ribbon belt.

 

He said house prices in Auckland were rocketing, across all stratas of the market, due to shortage of supply, limited construction and overall economic prosperity in the country’s largest city, where 40 per cent of the population were born abroad.

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Parkville masterplanned community born from Commonwealth Games village

Parkville masterplanned community born from Commonwealth Games village | Real Estate Agents | Scoop.it

New development is breathing fresh life into the former athletes' village, where about 6000 competitors were housed.

 

 A masterplanned community born out of the Commonwealth Games is on its final lap in inner-northern Parkville after a decade in the works.

 

New apartment development in Parkside is breathing fresh life into the former athletes’ village, where about 6000 competitors were accommodated during the 2006 Games.

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Queensland’s most affordable suburbs

Queensland’s most affordable suburbs | Real Estate Agents | Scoop.it
 

While there are million-dollar sales at auctions in Brisbane, in other parts of Queensland, property is much cheaper.

 

In fact, Queensland’s 10 cheapest suburbs all have median prices well under $200,000 — and most of them happen to be in central Queensland’s mining areas.

 

House prices in towns like Moranbah were driven up by property speculators in 2011 and 2012, Dr.Wilson said, and the fallout from the mining and subsequent housing market crashes hurt mum and dad investors the most.

 

The rental vacancy used to be about 1-2 per cent, he said, until a development boom created a glut of properties. The high rental vacancy rate of about 7 per cent has driven prices down.

 

 

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Tenacious 27-year-old named Sydney's best young real estate agent

Tenacious 27-year-old named Sydney's best young real estate agent | Real Estate Agents | Scoop.it
 
If real estate and rugby are the two big games in Sydney, then the new generation of agents are finding a competitive edge on an increasingly tough playing field.
 

Young gun agent Shane Sullivan took the risk of starting his own franchise last year in a new market during the pressure of the property boom. The 27 year-old director of LJ Hooker in Drummoyne has won the inaugural Domain Rising Star Award for New South Wales.

 

The award launched this year to find the best real estate agents under 30 – tenacious young business people inking record deals, innovating in an ever-changing industry, converting cutting-edge social media to sales and making a grassroots contribution to their communities.

 

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Sydney’s cheapest homes: Properties on the market for under $300,000

Sydney’s cheapest homes: Properties on the market for under $300,000 | Real Estate Agents | Scoop.it
 
Sydney’s median house price is just below $1 million, but there are options at less than a third of that for those looking to spend closer to the $300,000 mark.
 
While the majority of properties listed in the budget range tend to be solely investment opportunities, such as student apartments, or retirement living for the over-55s, there are some bargain basement choices for those willing to travel.
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Brisbane suburbs with highest rental vacancy rates

Brisbane suburbs with highest rental vacancy rates | Real Estate Agents | Scoop.it
 
A glut of units in Brisbane’s inner city are sitting empty as owners struggle to find tenants. Brisbane recorded a 3.2 per cent vacancy rate in May, up from 3 per cent year on year, Domain Group data revealed.
 

The figures showed a continued upward trajectory of apartment vacancies at the centre of the inner-city building boom. Brisbane City had 95 vacancies and a median price of $550 per week, and South Brisbane had 94 vacancies and a cheaper median price of $490 per week.

 

Other suburbs including Nundah, Fortitude Valley, Toowong and Hamilton,all recorded more than 70 rental listings in May. However, Toowong was the cheapest of the bunch with median rentals at $395 per week.

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Adelaide apartment tower sets new height record

Adelaide apartment tower sets new height record | Real Estate Agents | Scoop.it
 
Adelaide’s tallest residential tower swung open its glass front doors this weekend, welcoming occupants to the 28-storey Vue on King William.
 

Standing 85 metres high, the statuesque building will be home to about 400 residents. It is a joint venture of Starfish Developments and Asian Pacific Group.

 

It cost the business partners $100 million to build and took 20 months from breaking the ground in late 2014 to opening this week.

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Billionaire developer plans Broadbeach's tallest building

Billionaire developer plans Broadbeach's tallest building | Real Estate Agents | Scoop.it
 
Australia’s $10 billion man, property developer Harry Triguboff, will build Broadbeach’s tallest building – 64 storeys high – just 400 metres from the Gold Coast’s light rail station.
 

The Pegasus apartment block is almost twice as high as most buildings in Broadbeach and almost as tall as the Q1’s skydeck in Surfers Paradise.

 

The Gold Coast’s new City Plan, which came into effect in February 2016, removed maximum ceiling heights in Southport, Surfers Paradise and Broadbeach to define a CBD for the Gold Coast.

 

“The unique slender tower relates well to the existing high rises and will enhance and contribute to the iconic Broadbeach skyline,” Gold Coast City Council’s planning assessors wrote.

 

“The height of this proposal is considerably greater than any of the existing towers within this precinct.

“As an example, the height of this new proposed tower will have a similar impact on the Broadbeach skyline to that of Circle on Cavill’s 70 and 50 storeys to the Surfers Paradise skyline,” they reported.

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European-style residence with country flair at Milton

European-style residence with country flair at Milton | Real Estate Agents | Scoop.it

This European-styled residence with a country flair is nestled on a private two hectares with spectacular views overlooking the rolling hills of Milton. Immaculate attention to detail throughout, this magnificent home boasts lovingly hand-crafted kitchen cabinetry, windows and doors.

 

The kitchen with European stainless steel appliances and a walk-in-pantry looks onto the generous sun-filled living and dining areas with majestic 12-inch ceilings and Porter’s finish concrete floors. The three king-sized bedrooms include built-in wardrobes, one with a balcony. The master suite is complete with a full en suite, marble floor tiles, walk-in robe and French doors leading to a sun-drenched al fresco area.

 

The Tuscan-inspired al fresco area with pizza oven looks out to beautifully landscaped grounds featuring established vegetable gardens, an extensive orchard with stone, citrus and apple trees, and mezzanine landscaping. Other features include a spring-fed dam and a solid timber barn with office, bathroom and kitchenette .

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Luxury holiday homes a welcome retreat and source of rental income

Luxury holiday homes a welcome retreat and source of rental income | Real Estate Agents | Scoop.it
 
A prestige property in a popular holiday location can be as good as an investment as it is a great retreat, with healthy returns for those homes that are well located and well fit out.
 
“Owners feel comfortable knowing that guests are looked after, who in turn look after their homes,” says Kaljo, whose company prides itself on the immaculate presentation of every high-end home on its books.
 

While a pool, spa, fireplace and killer view can all add to a home’s appeal, Kaljo says the key is to provide quality where it counts. Beautiful linen, dinner settings and glassware help to create memorable holidays.

 

And sharing your home with other, high-net-worth individuals can offer an additional bonus beyond the rental income.

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All 391 apartments at Darling Square sell out in five hours

All 391 apartments at Darling Square sell out in five hours | Real Estate Agents | Scoop.it

The last stage of Lend Lease’s Sydney CBD development, Darling Square, a third release of 391 apartments, sold out in a matter of hours on Saturday.       

 

More than 400 buyers turned up to snag a new inner city unit, with prices ranging from a $630,000 studio to a $3.5 million three-bedroom penthouse.

 

Designed by architect Richard Francis-Jones, from Francis-Jones Morehen Thorp, of Barangaroo Anadara fame, the apartments are located on the site of the former Entertainment Centre.

 

“People clearly recognise the value of owning and living in such a fantastic location near the CBD. They are also buying into the new Australian dream of inner city living where everything is on your doorstep,” Mr Emery said.

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Houses in Queensland for under $300,000

Houses in Queensland for under $300,000 | Real Estate Agents | Scoop.it

Ten of Queensland's best buys for under $300,000.  As house prices nationwide continue to climb, Queensland still has the odd bargain to be had – you just might have to consider relocating out of the south-east corner to nab one.

 

Whether it’s an island getaway or a hinterland sea-change, the Sunshine State has its fair share of unique real estate opportunities – and at affordable prices.

 

Here is a list of some of the best finds the state has to offer for under $300,000.

 

1. 5 Clipper Court, Innes Park – $219,000
2. 2/34 Bauer Street, Bargara – $219,000
3. 1 & 2/32 Herbertson Street, West Gladstone – $290,000
4. 12 Vulture Street, Charters Towers – $238,000
5. 130 Rankin, Innisfail – $299,000
6. 32 Wansfell Street, Picnic Bay, Magnetic Island – $296,000
7. 41A Gregory Street, Bowen – $300,000
8. 61 King Street, Charters Towers – $226,000
9. 3 Grogan Street, Mossman, Port Douglas – $298,000
10. 14 Red Hill, Gympie – $299,000

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Sydney auction market records back-to-back strong clearance rates

Sydney auction market records back-to-back strong clearance rates | Real Estate Agents | Scoop.it
 
 The Sydney auction market proved last weekend’s remarkable result was no fluke, recording another strong clearance rate on Saturday.
 

The city recorded a clearance rate of 77.6 per cent, the year’s second highest result, and second only to the previous Saturday’s astonishing boom-time result of 80.3 per cent.

 

The strong result was despite a lift in auction numbers with 573 homes up for grabs, compared to last weekend’s 505. Despite the lift in numbers, auction activity continues to lag well below last year’s levels with 750 listed on the same weekend in 2015.

 

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