Ray White sales up 20 per cent in Feb – Sydney Morning Herald

Ray White sales up 20 per cent in Feb Sydney Morning Herald Real estate group Ray White has reported a 20 per cent improvement in February for its residential and commercial sales results in Australia and New Zealand … and more

Mackay unit sales take hit – ABC Local

Mackay unit sales take hit ABC Local The Real Estate Institute of Queensland says many first home buyers have retreated from the market because of interest rate rises, which is reflected in a …

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Mackay unit sales take hit – ABC Local

Ideal conditions for substantial property growth

Property investment opportunities are exceptional right now because many values are still priced at reactionary downturn levels, according to Australian Unity Investments head of property Martin Hession.

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Ideal conditions for substantial property growth

Big rises expected for rates and land tax

A Bill tabled by the Queensland Government in parliament in February is likely to result in big increases in rates and land tax charges for commercial tenants, property developers and investors, according to Warlow Scott Lawyers.

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Big rises expected for rates and land tax

Classic return verandah villa – Yorke Peninsula Country Times

Classic return verandah villa Yorke Peninsula Country Times A central hallway provides a warm welcome into this wonderful character home in Wandilta Street, Kadina, explains Neville Hibbard of Blights Real Estate …

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Classic return verandah villa – Yorke Peninsula Country Times

Melbourne’s planning system broken – The Age

The Age Melbourne's planning system broken The Age Robert Larocca, former mayor of Moreland and now with the Real Estate Institute of Victoria, estimates that in 1976 there were almost 30000 more people …

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Melbourne’s planning system broken – The Age

Reversing the rumour on seniors loans

Retirement plan: access the equity in your home

It is no secret Australia’s ageing population will place increasing pressure on our economy. We are living longer than ever before, which means we need to fund an increasing number of ‘golden years’.

What options do older Australians have when it comes to financing their future?

Investing in the share and property markets is a popular strategy for accruing wealth and earning income over one’s lifetime. One not so well-known option for home owners nearing retirement and retirees needing additional funds is a reverse mortgage (seniors loan).

Reverse mortgages allow eligible seniors and near-seniors to borrow up to a percentage of the value of their home or investment property and repay the debt via repayments, or from its sale when they move or pass away. During the loan period, the extra money assists them in achieving their lifestyle goals with greater comfort and peace of mind.

Australia’s largest independently-owned mortgage broker, Mortgage Choice encourages mature ‘asset rich, cash poor’ property owners to review their budget, asset wealth and financial portfolio plans before considering utilising property equity to help finance and enhance their retirement living.

Mortgage Choice senior corporate affairs manager, Kristy Sheppard said “Our ageing population is resulting in a smaller proportion of working Australians supporting a larger proportion of retired seniors. What we may see happening in the near future is retiree living standards declining while medical costs become more expensive.”

“Australians tend to be more lifestyle-focused than those in many other countries and are keen to make the most of retirement years. Working later in life for extra funds is an option, if you can find work. According to ABS underemployment data* for September 2009, 23% of all part-time workers who were ‘available and looking for more hours’ were aged 45 years and over.

“I am surprised reverse mortgages aren’t more popular in this country, given our changing demographic. It would be terrific to see the government provide more support to this area and raise more awareness. When managed and understood correctly, reverse mortgages can be an ingenious option for those wanting greater financial comfort in their twilight years.

“Perhaps we simply need to dispel any rumours and discuss the pros and cons more openly. A number of lending institutions offer these loans, so visiting a reputable mortgage broker is a valuable experience for anyone thinking about utilising their property in this way.

“Of course, there are important considerations to make. First, find out which lenders offer a ‘no negative equity’ guarantee, which means the borrower will not have to repay more than the value of their property. Also remember that, just like other mortgages, interest is payable.

“The prospective borrower should discuss their thoughts with family and other beneficiaries. They should also discuss it with an accountant and/or a financial advisor, to be sure the solution meets their goals and to explore the financial impact. A solicitor should satisfy any legal queries and the impact on Centrelink payments should be researched. Finally, contact a reputable mortgage broker to research the range of suitable products available.

“Retirement should be a time to put up your feet and enjoy those ‘golden years’. If you have the knowledge and the means, why not use some of your property equity to help ensure this happens?”

Call the customer service centre on 13 MORTGAGE, visit www.mortgagechoice.com.au or www.facebook.com/MortgageChoice or http://twitter.com/MortgageChoice.

*ABS Underemployed Workers report 6265.0, September 2009

For further information or to arrange an interview, please contact:

Kristy Sheppard / Belinda Williamson
Mortgage Choice
(02) 8907 0502 / 0407 450 860 / (02) 8907 0472
belinda.williamson@mortgagechoice.com.au

About Mortgage Choice

Mortgage Choice, Australia’s largest independently-owned mortgage broker, has a national network of hundreds of franchises and loan consultants supported by Group and State Offices. It provides loan advice on, and choice of, products offered by an extensive panel of Australia’s leading lending institutions.

A number of the company’s consultants provide a broader service offering, also helping customers source personal and commercial loans, asset finance and risk insurance.

Importantly, Mortgage Choice head office pays franchisees the same commission rate for home loans they write, regardless of the rate paid by the lender selected by a new customer – and has been doing so for most of its 17-year history. The company has no products of its own and works in each customer’s interests to source a loan that suits their individual needs.

Mortgage Choice has no balance sheet or funding risk, and consistently delivers strong profits and attractive yields. The company listed on the Australian Stock Exchange in August 2004 (ASX sign: MOC) and is a member of the Mortgage & Finance Association of Australia (MFAA).

Recent awards/recognition: 2010, 2008, 2006 and 2005 MFAA Awards Retail Aggregator/Originator of the Year; 2009 and 2008 BRW Fast Franchises list; No.1 spot on Top 25 Brokerages list by Mortgage Business magazine; 2009 Australian Banking & Finance Awards Best Financial Institution Employer; 2009 Great Place to Work® Institute Best Companies to Work For list; 2009 and 2008 10 Thousand Feet Top 10 Franchise list; 2008 MFAA Awards Best In Mortgage & Finance Industry.

Visit www.mortgagechoice.com.au or call the customer service centre on 13 MORTGAGE.

AFL star in $320k forged loan row – Sunshine Coast Daily

AFL star in $320k forged loan row Sunshine Coast Daily Mr Smith, a real estate agent at Seaside Realty at the time, denied he sent the fax to arrange the loan, which was executed in Caboolture by Mr Cresswell. ..

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AFL star in $320k forged loan row – Sunshine Coast Daily

Mortgage Choice achieves top honours again!

Mortgage broker takes out two coveted industry awards

Australia’s largest independently-owned mortgage broker, Mortgage Choice is excited and proud to be recognised as the industry’s best retail aggregator, taking home top honours at this year’s Mortgage and Finance Association of Australia (MFAA) Excellence Awards, held on Friday night.

The occasion marks the fourth time in six years the nationwide franchisor has been named Retail Aggregator/Originator of the Year, which is open to originator groups where all members trade under the same brand.

Mortgage Choice won an impressive ‘two out of two’ categories it entered, with well-established multi-franchise owners Chris and Letitia Vitale from Queensland winning the Mortgage Broking Business of the Year (6+ loan writers) of the Year award. The award cements the couple’s position among the industry’s best, though the Vitales are no strangers to the top, having maintained their position among the company’s elite ‘High Flyer’ category for eight consecutive years.

CEO of Mortgage Choice, Michael Russell, said the company is privileged to once again achieve prominent recognition at the annual MFAA Excellence Awards.

“Winning Retail Aggregator/Originator of the Year means even more to us now, given the past 12 to 18 months were the toughest we have endured in our 17 years of operation. This achievement is testament to the resilience and commitment of the entire Mortgage Choice group, including our lender partners and suppliers,” he said.

“Most of all, I’m proud of our franchise network and staff for facing head-on the past year’s challenges while remaining passionate and determined to make the most of opportunities that arose. What is really fantastic is the way our brokers have been unwavering in their remarkable commitment to customers. The MFAA award demonstrates our steely determination, notwithstanding tough conditions, to always do what is best for those who trust us to meet their needs.

“I also want to publicly congratulate Chris and Letitia Vitale individually for their motivation and dedication to taking their business to new heights. Without the efforts of our franchisees like them, who put their heart and soul into their businesses, Mortgage Choice would not exist.

“Our company being recognised as the top of the retail aggregator category for a number of years proves we have a winning team right across Australia. Now Mortgage Choice has a renewed focus on franchise recruitment, diversification and the support of our existing franchises, it will be interesting to see what we can achieve in the next 12 months and further into the future. Keep your eyes peeled!”

Call the customer service centre on 13 MORTGAGE, visit www.mortgagechoice.com.au or www.facebook.com/MortgageChoice or http://twitter.com/MortgageChoice.

For further information or to arrange an interview, please contact:

Kristy Sheppard / Belinda Williamson
Mortgage Choice
(02) 8907 0502 / 0407 450 860 / (02) 8907 0472
belinda.williamson@mortgagechoice.com.au

About Mortgage Choice

Mortgage Choice, Australia’s largest independently-owned mortgage broker, has a national network of hundreds of franchises and loan consultants supported by Group and State Offices. It provides loan advice on, and choice of, products offered by an extensive panel of Australia’s leading lending institutions.

A number of the company’s consultants provide a broader service offering, also helping customers source personal and commercial loans, asset finance and risk insurance.

Importantly, Mortgage Choice head office pays franchisees the same commission rate for home loans they write, regardless of the rate paid by the lender selected by a new customer – and has been doing so for most of its 17-year history. The company has no products of its own and works in each customer’s interests to source a loan that suits their individual needs.

Mortgage Choice has no balance sheet or funding risk, and consistently delivers strong profits and attractive yields. The company listed on the Australian Stock Exchange in August 2004 (ASX sign: MOC) and is a member of the Mortgage & Finance Association of Australia (MFAA).

Recent awards/recognition: 2010, 2008, 2006 and 2005 MFAA Awards Retail Aggregator/Originator of the Year; 2009 and 2008 BRW Fast Franchises list; No.1 spot on Top 25 Brokerages list by Mortgage Business magazine; 2009 Australian Banking & Finance Awards Best Financial Institution Employer; 2009 Great Place to Work® Institute Best Companies to Work For list; 2009 and 2008 10 Thousand Feet Top 10 Franchise list; 2008 MFAA Awards Best In Mortgage & Finance Industry.

Visit www.mortgagechoice.com.au or call the customer service centre on 13 MORTGAGE.

It’s going to be a UBS reunion at Moelis & Co – The Australian

It's going to be a UBS reunion at Moelis & Co The Australian IT'S going to be a UBS reunion at Moelis & Co, whither JPMorgan's high-profile head of real estate Andrew Pridham is about to go. He's expected to start in …

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It’s going to be a UBS reunion at Moelis & Co – The Australian

Sunland hoists its outlook

QUEENSLAND-BASED Sunland Group has lifted its annual profit expectations by between 15 and 20 per cent thanks to early house and land settlements.  

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Sunland hoists its outlook

Better off with variable

As a general rule most people are better off sticking to a variable rate for their home loan rather than a fixed rate, according to RateCity chief executive officer Damian Smith.

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Better off with variable

Better off with variable

As a general rule most people are better off sticking to a variable rate for their home loan rather than a fixed rate, according to RateCity chief executive officer Damian Smith.

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Better off with variable

Unit and townhouse sales soften – International Business Times Australia

Unit and townhouse sales soften International Business Times Australia … the number of sales of units and townhouses reduced markedly during the tail end of 2009, according to the Real Estate Institute of Queensland (REIQ). …

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Unit and townhouse sales soften – International Business Times Australia

RAMS expands investor info – Herald Sun

RAMS expands investor info Herald Sun MORTGAGE provider RAMS Home Loans has joined with real estate data provider Residex to give property investors access to residential sales information. …

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RAMS expands investor info – Herald Sun

Strong demand and weak supply stoke auction markets – but there’s no quick-fix … – Smart Company (blog)

Strong demand and weak supply stoke auction markets – but there's no quick-fix … Smart Company (blog) David Airey, president of the Real Estate Institute of Australia, agrees there is a supply problem and reforms must be put in place immediately

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Strong demand and weak supply stoke auction markets – but there’s no quick-fix … – Smart Company (blog)

Buyers go easy after rate hike – The Australian

Buyers go easy after rate hike The Australian Real Estate Institute of Australia president David Airey said the latest rate rise was starting to bite. “On a 400k mortgage it's $96 per week in interest …

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Buyers go easy after rate hike – The Australian

Lehman Brothers document release held up in US courts – The Australian

Deccan Herald Lehman Brothers document release held up in US courts The Australian After Lehman acquired and financed the $US23.6bn buyout of Archstone-Smith Real Estate Investment Trust in May 2007, along with the property company Tishman …

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Lehman Brothers document release held up in US courts – The Australian

Reining in REIT gearing – Money Management

Reining in REIT gearing Money Management As gearing levels have continued to rise across the Australian real estate investment trust (REIT) sector, investors are scrutinising the true gearing …

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Reining in REIT gearing – Money Management

Coffs real estate prices to rise – Coff’s Coast Advocate

Coffs real estate prices to rise Coff’s Coast Advocate While Christine Clarke – a local real estate agent and a director of the NSW Real Estate Institute – has no evidence it will happen soon if current demand … and more

State on $1billion Coast property blitz – Gold Coast Bulletin News

State on $1billion Coast property blitz Gold Coast Bulletin News A prominent local real estate agent said that department-owned houses in Miami would now be worth top dollar. “One of these homes in Nobby Parade was bought …

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State on $1billion Coast property blitz – Gold Coast Bulletin News

Broaden your dairy horizons

A LARGE dairy farm in the heart of King Island is for sale.

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Broaden your dairy horizons

Million-dollar neighbourhoods – The Canberra Times

Million-dollar neighbourhoods The Canberra Times LJ Hooker Tuggeranong Real Estate director Mario Sanfrancesco said the market was unlikely to ease off. ''[There is] a fair degree of confidence, ..

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Million-dollar neighbourhoods – The Canberra Times

Sydney Auction Results

Total properties:247
Sold:174
Withdrawn:24
Cleared:64%
Total sales:$143,250,096
Median:$840,000

Melbourne Auction Results

This week: 646
Last week: 236
This time last year: 407

S Sold at Auction: 424
SB Sold before Auction: 110
SA Sold after Auction: 4

Passed in: 108
Passed in on vendor’s bid: 67

Clearance rate: 83%

Assumed first homebuyer profile not right

Recent reports have suggested that first homebuyers would be put off buying a property due to rising interest rates but Grow Consulting Group doesn’t believe that’s the case.

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Assumed first homebuyer profile not right

Assumed first homebuyer profile not right

Recent reports have suggested that first homebuyers would be put off buying a property due to rising interest rates but Grow Consulting Group doesn’t believe that’s the case.

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Assumed first homebuyer profile not right

Fringe suburbs deliver top growth

Affordable fringe suburbs have delivered the fastest growth in property prices in Australia’s capital cities over the past decade, RP Data research reveals.

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Fringe suburbs deliver top growth

Fringe suburbs deliver top growth

Affordable fringe suburbs have delivered the fastest growth in property prices in Australia’s capital cities over the past decade, RP Data research reveals.

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Fringe suburbs deliver top growth

Peninsula housing market buoyant – Mornington Peninsula Leader

Mornington Peninsula Leader Peninsula housing market buoyant Mornington Peninsula Leader BLAIRGOWRIE has emerged as the peninsula's real estate hot spot, with two reports giving the town a huge tick. Research from real estate group PRD …

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Peninsula housing market buoyant – Mornington Peninsula Leader

Gold Coast property market action – Gold Coast Bulletin News

Gold Coast Bulletin News Gold Coast property market action Gold Coast Bulletin News Sold by Hillsea Real Estate Coombabah. Sanctuary Court, $370000

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Gold Coast property market action – Gold Coast Bulletin News

Sales drop as first home owners leave – South East Advertiser

Quest News Sales drop as first home owners leave South East Advertiser FIRST home buyers have fled the property market, according to figures released by the Real Estate Institute of Queensland (REIQ) today. … Unit sales drop Quest News all 21 news articles

Heartbreak for first-home buyers – Daily Telegraph

Heartbreak for first-home buyers Daily Telegraph FIRST-home buyers are deserting the real estate market, priced out by the national boom in property prices. Real estate agents say sales …

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Heartbreak for first-home buyers – Daily Telegraph

New boss should help Centro Retail split from Properties – Sydney Morning Herald

New boss should help Centro Retail split from Properties Sydney Morning Herald Mr Rufrano will be busy, having taken up the position as chief executive at Cushman & Wakefield, the world's largest privately held real estate agency. …

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New boss should help Centro Retail split from Properties – Sydney Morning Herald

No signs of bubble in China boom – Sydney Morning Herald

No signs of bubble in China boom Sydney Morning Herald CAPITALAND, which has Chinese properties valued at more than $14 billion, said demand in China was ''strong'' and the real estate boom couldn't be called a … and more

Debt a worry for local real estate trusts – Sydney Morning Herald

Debt a worry for local real estate trusts Sydney Morning Herald THE ability to refinance debt remains a key concern of Australian real estate investment trusts (A-REITs) as debt markets remain illiquid, offshore banks … Strong demand for prime assets Sydney Morning Herald all 10 news articles

Dot-gone is gone, but it’s far from forgotten – The Australian

Dot-gone is gone, but it's far from forgotten The Australian Real businesses were created: in the US, there was Amazon and Google; in Australia Seek and realestate .com.au. But at its peak, the dotcom boom was spewing ..

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Dot-gone is gone, but it’s far from forgotten – The Australian

Going, going…rebel real estate agent gets axe – The Age

Going, going…rebel real estate agent gets axe The Age A whistleblowing real estate agent who has campaigned against deliberate underquoting of prices and bait advertising has been dismissed from the Real Estate … and more

Bubble and squeak as first home buyers feel the heat – Sydney Morning Herald

Bubble and squeak as first home buyers feel the heat Sydney Morning Herald As Melbourne real estate boomed late last year – exemplified by Elwood, Elsternwick and Malvern East reaching a million-dollar median for the first time- … and more

Estate agents take on Fairfax – Sydney Morning Herald

Estate agents take on Fairfax Sydney Morning Herald Six of the biggest real estate agencies in Melbourne's eastern suburbs are establishing a rival to Fairfax Community Networks' Melbourne Weekly Magazine.

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Estate agents take on Fairfax – Sydney Morning Herald

Residential property sales nearer to normal: REINZ – Trading Room

Residential property sales nearer to normal: REINZ Trading Room … in nearly two decades in January, while the February nationwide median price remained steady, Real Estate Institute of New Zealand (REINZ) figure show. …

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Residential property sales nearer to normal: REINZ – Trading Room

Residential property sales nearer to normal: REINZ – Trading Room

Residential property sales nearer to normal: REINZ Trading Room … in nearly two decades in January, while the February nationwide median price remained steady, Real Estate Institute of New Zealand (REINZ) figure show

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Residential property sales nearer to normal: REINZ – Trading Room

China’s shaky foundations – Business Spectator

The Hindu China's shaky foundations Business Spectator Earlier this week, China released figures showing that real estate prices increased at their fastest pace in two years in February. … China inflation accelerates in February Sydney Morning Herald all 938 news articles

The Secret to Fixer Uppers

When it comes to the real estate market, your knowledge of market conditions dictates when you should buy and sell. However, when you invest in fixer uppers, this is not a concern. No matter if the current market is best suited for buyers or sellers, it is always the right time to invest in a fixer upper property. You will discover several advantages to investing in fixer upper properties. In addition to affordability, you can also enjoy a feeling of satisfaction as you turn a dilapidated property into a beautiful, livable home. You will also learn about renovation and home repair, which could prove quite useful in the real estate investment business.

How to get the most out of property renovations

Australians love a renovation. We spend billions every year on extensions and refits big and small. According to recent reports we’ve even overtaken America when it comes to the world’s biggest homes.

We renovate for two reasons – for the pleasure of reshaping and living in the home we want, and for financial gain.

This week, I want to examine the latter part of this equation – looking at how we can create renovations that add value to our properties, and avoid ones that don’t.

Renovating for financial gain

There are three reasons to renovate: to help rent a property, to help to sell one, and to improve the one we live in. In each case, there are some do’s and don’ts when it comes to adding value.

Renovating a property to rent

If you’re thinking of renovating a property to rent, be sure to:

•    Consider the needs of prospective tenants. Another bathroom might be more attractive to your potential tenants than a landscaped garden.

•    Speak to a real estate agent who specialises in rental properties in your area to get an idea of what tenants are looking for and how much they’re prepared to pay.

•    Maximise your tax deductions. Renovations classed as repairs can provide an immediate tax deduction, while others can be depreciable improvements. Speak to an accountant for some advice before you start.

At the same time:

•    Don’t renovate without knowing how much extra rent your renovation is likely to bring in. Spending $15,000 hard-earned dollars to bring in an extra $5 a week won’t make for a good investment.

•    Don’t renovate yourself unless you have the right experience, training or qualifications. Structural changes, electrical wiring and the like should only be done by trained and insured professionals.

Renovating a property to sell

Renovations can add value to a property but, when selling, it’s important to ensure that any increase in value results in a profit – you don’t want to spend just to break even.

With this in mind:

•    Consider your buyers’ needs. An extra bedroom or bathroom will appeal to a young family, while an entertainment or theatre space might appeal to a young (or retired) couple. It’s hard to please everyone, so speak with a local real estate agent to find out what types of buyers are interested in the area.

•    Stick to your budget. Going over time or over budget eats into your profit. Delays are an easy way to lose money, so keep a close watch on time lines.

•    Renovate to a high standard. Buyers will quickly detect cheap fittings and shoddy work. You don’t have to buy the top of the range, but try to stick with quality materials and workmanship.

When renovating to sell make sure that you:

•    Don’t overcapitalise. If your house is worth $500,000 and the best house on the street is worth $600,000, then spending more than $100,000 on a renovation is unlikely to deliver a worthwhile return.

•    Don’t renovate out of character. Buyers are often attracted to particular suburbs or streets because they like the design of the houses. Make sure your renovation fits the style of the neighbourhood.

•    Don’t automatically assume you’ll make a profit. Instead, have a plan. As a rule, aim for a return of between $2 and $5 on every dollar spent. For example, if you spend $10,000, you should be expecting a minimum return of $20,000. If you’re not sure whether you’ll see such a return, think again about spending your money.

Renovating a property to live in

Renovating the home you live in allows you to cater to your own needs and tastes. There’s a lot of freedom, but be sure to:

•    Consider moving house. Yes – renovating requires time, effort and money, so always weigh up the pros and cons of simply shifting to a bigger house.

•    Take into account your present and future needs. The needs of a couple are different to those of a young family. Consider what the future might bring for yourself and your family in the next five years.

•    Assess future property values in your area. This will help you to decide on your renovation budget. To get a feel for the future, speak to your local real estate agent and buy independent property price reports on properties in your area, including your own home.

At the same time:

•    Don’t perform major renovations if you’re planning to sell within a year or two. You’ll be unlikely to recoup your costs.

•    Don’t overcapitalise. Remember not to spend too much for your area. While having the best house on the street can feel good, you might not see a profit when your home is eventually sold.

•    Don’t overextend your finances. Big renovations are tempting, as is taking out a bigger home loan to pay for them. Be sure you can afford your renovations before signing up for finance. Prepare a budget and weigh up the benefits of renovating against the costs of further financial commitments.

Summing up:

Whether it’s your own home or an investment property, renovating can deliver substantial value – both financially and emotionally.

When it comes to turning a profit, however, the key is to make sure that your renovation is done correctly. It has to be affordable, of good quality, and financially sound as an investment.

If it’s those three things, you’re well on your way to achieving your financial and lifestyle aims. But be sure to do your research, have a plan, and try your best to stick to it – while renovations can deliver a financial boost or the property of your dreams, they can also become expensive headaches that take years to sort out.

Pete Boehm is co-founder of Our Home Sweet Home – a home buyer and property investor resource where you’ll find home loans, mortgage calculators, guides and more. If you’re looking to buy your first home sign up to Our Home Sweet Home’s free seven week e-mail course 7 Steps to Home Ownership. Follow Pete on Twitter or join the conversation at the Our Home Sweet Home Blog. You can also ask Pete a question.

Megan takes a short cut to her fund-raising destination – Warrnambool Standard

Megan takes a short cut to her fund-raising destination Warrnambool Standard Starting the day with a full head of blonde locks, the real estate office worker had it all lopped off to raise money as part of the Leukaemia Foundation's …

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Megan takes a short cut to her fund-raising destination – Warrnambool Standard

Lodge a claim on rural living

THE Lodge of Strzelecki is full of history, beauty and charm.

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Lodge a claim on rural living

New rates home in – Moorabool Leader

Moorabool Leader New rates home in Moorabool Leader Real Estate Institute of Victoria spokesman Robert Larocca said the most recent rate rise would not deter those looking to buy, especially in entry-level …

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New rates home in – Moorabool Leader

Regional housing market bouncing back – ABC Local

Regional housing market bouncing back ABC Local The Real Estate Institute of Western Australia says the regional housing market appears to be recovering at a similar rate to the metropolitan area. …

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Regional housing market bouncing back – ABC Local

Sydney house prices tipped to push higher – Sydney Morning Herald

Sydney house prices tipped to push higher Sydney Morning Herald The Real Estate Buyer's Agents Association of Australia said much depended on the effect of rising interest rates and tighter loan conditions. ..

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Sydney house prices tipped to push higher – Sydney Morning Herald

Carpark costs reach new levels across Australia – The Australian

Carpark costs reach new levels across Australia The Australian Real estate agents say the councils' attempts to reduce congestion are not working and car parking spaces in Sydney, once worth $5000 to $10000, … Wealthy buyers push prestige house prices up NEWS.com.au New Raine & Horne office official grand opening, Tweed Heads/Coolangatta NewsMaker (press release) all 10 news articles

Wealthy buyers push prestige prices up

AUSTRALIA’S most expensive homes to rise by 10-15pc as wealthy locals and overseas buyers hunt for prestigious addresses.

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Wealthy buyers push prestige prices up

Price warning as home stocks lag – The Canberra Times

ABC Online Price warning as home stocks lag The Canberra Times The latest Real Estate Institute of Australia affordability figures show high household incomes make Canberra the most affordable territory or state in … Punters backing no rate change in April Sydney Morning Herald Bridging the housing gap Business Spectator all 165 news articles

Top Sydney properties snapped up – Daily Telegraph

Top Sydney properties snapped up Daily Telegraph Latest figures from the December quarter revealed a recovery in Sydney's prestige real estate market, valuer Dyson Austen's quarterly report for the Real …

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Top Sydney properties snapped up – Daily Telegraph

Return of wealthy buyers to push up prestige home prices – The Australian

Return of wealthy buyers to push up prestige home prices The Australian The chief executive of real estate agency Raine & Horne, Angus Raine, said last year had been a disaster for the prestige market. However, most sectors of …

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Return of wealthy buyers to push up prestige home prices – The Australian

Return of wealthy buyers to push up prestige home prices – The Australian

Return of wealthy buyers to push up prestige home prices The Australian The chief executive of real estate agency Raine & Horne, Angus Raine, said last year had been a disaster for the prestige market. However, most sectors of …

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Return of wealthy buyers to push up prestige home prices – The Australian

A-REITs may need to look overseas for opportunities – Business Spectator

A-REITs may need to look overseas for opportunities Business Spectator By a staff reporter Australian real estate investment trusts (A-REITs) may need to look overseas to deliver increased returns, according to accounting firm … and more

‘I had to go back to work. I really didn’t know where to begin.’ – Sydney Morning Herald

Sydney Morning Herald 'I had to go back to work.

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‘I had to go back to work. I really didn’t know where to begin.’ – Sydney Morning Herald

‘I had to go back to work. I really didn’t know where to begin.’ – Sydney Morning Herald

Sydney Morning Herald 'I had to go back to work. I really didn't know where to begin.' Sydney Morning Herald Belinda Vasta … she eventually found a job as a receptionist in a real estate agency

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‘I had to go back to work. I really didn’t know where to begin.’ – Sydney Morning Herald

Savvy leave sea-change spots to shady

Because the Gold Coast is a tourism icon and the population growth capital of Australia, many assume it’s a great place to buy real estate.

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Savvy leave sea-change spots to shady

Property investors back in the property market, AFG Mortgage Index reveals – Smart Company (blog)

Property investors back in the property market, AFG Mortgage Index reveals Smart Company (blog) David Airey, chief executive of the Real Estate Institute of Australia, says the data reflects the opinion of those in the market that investors are coming … and more

Fixed rate loans gain market share

New mortgagees have recently doubled the Australian market share of fixed rate loans from just below one per cent in January to more than two per cent in February, according to Mortgage Choice home loan February data.

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Fixed rate loans gain market share

Real estate agents to help homeless with inspired scheme to reduce waste – StreetCorner

StreetCorner Real estate agents to help homeless with inspired scheme to reduce waste StreetCorner To do this his charity, Heart for the Homeless, simply connects the dots between existing organisations by working with real estate agents to distribute …

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Real estate agents to help homeless with inspired scheme to reduce waste – StreetCorner

Housing plan pays dividends – ABC Online

Housing plan pays dividends ABC Online A real estate company set up to assist a Tasmanian welfare provider has returned its first dividend. Moving On Property, set up by Colony 47, …

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Housing plan pays dividends – ABC Online

Housing shortage a challenge: RBA

A SENIOR Reserve Bank official says tackling the housing shortage is a pressing economic challenge facing Australia.

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Housing shortage a challenge: RBA

Kidman real estate still up for sale – Bay Post/Moruya Examiner

Kidman real estate still up for sale Bay Post/Moruya Examiner However, reports that the sale completed Nicole Kidman's real estate rationalisation, following the sale of her properties at Darling Point and Walsh Bay, …

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Kidman real estate still up for sale – Bay Post/Moruya Examiner

When to Buy

No matter if you are a first-time investor or have significant experience in the real estate market, it may be considerably difficult to know when the time is right to invest. The reason is that the price of real estate on the market does not remain constant. Property prices continue to fluctuate from time to time. However, you can learn to watch out for specific indicators that will help you to know when the best time to buy your investment property arrives.

House prices in some Peninsula suburbs soar – Quest News

North West News House prices in some Peninsula suburbs soar Quest News THE median house price in Scarborough, Newport and Deception Bay has dramatically increased over the December quarter, according to the Real Estate … Military, mining helps boost housing prices ABC Local Confidence booms in house market | Mackay News | Local News in Mackay Mackay Daily Mercury Mackay house prices on the rise ABC Local Quest News all 7 news articles

The positives of property investment – Central Queensland news

The positives of property investment Central Queensland news For a small monthly fee it can be managed by a real estate agent or alternatively you can do it yourself. With the shortage of supply of housing and vacancy … and more

Triple whammy hits potential home buyers

MANY would-be home buyers have given up the dream of ownership thanks to rising rates and tougher lending conditions.

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Triple whammy hits potential home buyers

Agents swamped by calls from storm-affected tenants

REAL estate agents are being inundated with calls from tenants hit by storm damage over the weekend.

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Agents swamped by calls from storm-affected tenants

Fixed rate home loans reclaim marginal market share

Demand doubles, but from a low base

Fixed rates have started to re-emerge from the bottom of the loan barrel for new Australian home loan borrowers, according to data from Mortgage Choice, Australia’s largest independently-owned mortgage broker. However, the comeback is very slight.

According to Mortgage Choice loan approval data for February 2010, fixed rate home loans have increased in popularity to just over 2% of new approvals from less than 1% the month previous.

Hence, variable rate loan demand has dropped from a record high of over 99% of new approvals in January to just under 98%.

Mortgage Choice senior corporate affairs manager, Kristy Sheppard said, “Despite having risen to 2% of all our new loan approvals in February, fixed rate home loans have a long way to go before reaching anywhere near their peak of 38% of new approvals in November 2007.”

“Victoria was the only state to buck the trend of fixed loans increasing market share. Fixed rate demand in that state continued to fall, hitting a record low of 0.65% of new approvals. On the flipside, in Western Australia fixed rate demand rose from a record 0% to 4%.”

“Despite the historically high premium of today’s fixed interest rates, it seems that the proportion of new borrowers willing to pay more for steady repayments is on the increase.

“Within the variable loan category, standard variable home loans rose one percentage point to 49% of February approvals and held position as the most common choice for new borrowers.

“Our franchise owners tell us this is because there are so many quality ‘professional packages’ on offer when it comes to standard variable loans. Commonly known as ‘pro packs’, these usually provide benefits such as rate discounts, ‘Gold’ credit cards and other special features.

“In a rising interest rate environment, savvy borrowers look for a competitive product that makes a statement in terms of affordability and flexibility.

“It’s well worth remembering that smaller lenders often offer quality products that are just as well-priced and innovative as those of the major lenders. Speak to a reputable mortgage broker about helping you research the breadth of what’s available.”

Other key loan product preference trends for the second month of the decade were:
• Basic variable: fell to 44% for February from 46% in January.
• Line of credit (often popular with investors): remained steady at 5% of approvals.
• Bridging (for those selling property while purchasing another): remained well below 1%.

Note: Mortgage Choice’s annual loan approvals are approximately 40,000 nationally and therefore provide a clear insight into the product preferences of housing loan borrowers generally.

For further information or to arrange an interview, please contact:

Kristy Sheppard
Mortgage Choice
(02) 8907 0502 / 0407 450 860
kristy.sheppard@mortgagechoice.com.au

About Mortgage Choice

Mortgage Choice, Australia’s largest independently-owned mortgage broker, has a national network of hundreds of franchises and loan consultants supported by Group and State Offices. It provides loan advice on, and choice of, products offered by an extensive panel of Australia’s leading lending institutions.

A number of the company’s consultants provide a broader service offering, also helping customers source personal and commercial loans, asset finance and risk insurance.

Importantly, Mortgage Choice head office pays franchisees the same commission rate for home loans they write, regardless of the rate paid by the lender selected by a new customer – and has been doing so for most of its 17-year history. The company has no products of its own and works in each customer’s interests to source a loan that suits their individual needs.

Mortgage Choice has no balance sheet or funding risk, and consistently delivers strong profits and attractive yields. The company listed on the Australian Stock Exchange in August 2004 (ASX sign: MOC) and is a member of the Mortgage & Finance Association of Australia (MFAA).

Recent awards/recognition: 2009, 2008, 2006 and 2005 MFAA Awards Retail Aggregator/Originator of the Year; 2009 and 2008 BRW Fast Franchises list; No.1 spot on Top 25 Brokerages list by Mortgage Business magazine; 2009 Australian Banking & Finance Awards Best Financial Institution Employer; 2009 Great Place to Work® Institute Best Companies to Work For list; 2009 and 2008 10 Thousand Feet Top 10 Franchise list; 2008 MFAA Awards Best In Mortgage & Finance Industry.

Visit www.mortgagechoice.com.au or call the customer service centre on 13 MORTGAGE.

Agents swamped by calls from storm-affected tenants – Free Press Leader

Free Press Leader Agents swamped by calls from storm-affected tenants Free Press Leader REAL estate agents are being inundated with calls from tenants hit by storm damage over the weekend.

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Agents swamped by calls from storm-affected tenants – Free Press Leader

Investing clouds lift on year from hell – NEWS.com.au

Investing clouds lift on year from hell NEWS.com.au The president of Real Estate Institute of Australia, David Airey, says “more people are buying and selling than they were a year ago”.

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Investing clouds lift on year from hell – NEWS.com.au

Fly like a bird, or fix?

After last week's interest rate rise, many people are asking "should we fix or continue flying variable"? Last week the Reserve Bank pushed official interest rates to 4 per cent, and the four major banks followed suit with 25 basis point increases. Their standard variable rates are now 6.74 per cent (NAB), 6.86 per cent (Commonwealth Bank), 6.91 per cent (ANZ) and 7.01 per cent (Westpac). Reserve Bank governor Glenn Stevens has indicated interest rates could go up as much as 1 per cent this year, including last week's 0.25 per cent hike. Some pundits think official rates will 4.75 - 5 per cent by the end of this year, and climb to 5.5 per cent by Christmas 2011. I guess it's not really a surprise, considering rates were at the lowest in more than 40 years after they were slashed in huge wads when the financial crisis hit. Now the economy is improving, rates only have one way to go. And improving the economy is. Unemployment seems to have peaked, the share market is no longer on the nose, consumers are spending up big at the shops and commodity prices are set to boom. I recently opted to fix a part of my home loan but I didn't base the decision solely on rates (call me crazy). I wanted to separate out a portion of the loan, for tax reasons, and simply splitting it through my lender proved a little difficult. The easiest solution was to fix a component. That type of situation aside, there are two reasons most people opt for fixed rates. They want the certainty of knowing what they'll be paying to the bank each week, or they're betting rates will be going up a lot and want to be ahead of the game. Most people don't fix all of their loan. They often split it and fix a component, to hedge their bets. If you're wondering whether to fix, the only way to work it out is to do your sums and take an educated guess on what will happen with variable rates the time you're thinking of fixing for. When you're calculating the figures, remember that interest rates rise gradually and not in one big jump. And banks are out to make money (I know, pretty obvious...) and have plenty of boffins in-house calculating the best fixed rates to ensure they don't lose out. You can use a mortgage calculator such as the one at moneymanager.com.au. You'll have to do a bit of adding, and guess when the next rate rises will be, and by how much. A tough gig, considering many of the country's best economists struggle to do that! The big banks fixed rates range from 6.5 per cent to 6.79 per cent for one year, 7.29 per cent to 7.44 per cent for two years, and 7.59 per cent to 7.79 per cent for three years. These are their quoted fixed rates - remember to check their comparison rates against your current variable comparison rate before making any decisions. Aaron Upcroft, mortgage broker and property lawyer, was a guest blogger on Domain last week, and argued fixing is probably not the best option right now. I went back to him to get his opinion now that rates have risen. "My opinion on fixing remains the same - that now is not the best time to be fixing if you think it is going to save money. By doing the calculations that Carolyn suggests, you will quickly find that it is almost an impossible task to get it accurate. Trying to predict the timing and amount of future variable rate rises is extremely difficult and everyone will more than likely get it wrong. "Saving money is not the only driving factor in making the fixing decision. I often hear from some of my clients that they just want to be able to sleep at night - and knowing the fixed amount of their repayments provides them with that comfort. So making this decision is often a 'security blanket' that provides sheer comfort and nothing else. "The decision is personal and each person's financial situation and loan structure must be considered carefully. You must also consider carefully the burdens that go with a fixed rate loan, like the fact that you will only be able to make minimal, if any, extra repayments onto your fixed loan portion, you won't have a redraw facility on your fixed loan portion AND if you need to sell or refinance during the fixed loan period, then you may be hit with the dreaded break cost! (Remember it is not that long ago that a lot of people fixed at rates around 8 per cent-plus and then when the GFC hit, they found themselves with very high break costs to get out of their loans, sometimes of $30,000 or more)." Aaron concludes: "If you are going to fix, then make sure you speak with a mortgage advisor who can explain the various options to you and outline all the burdens. I would also consider strongly only fixing a portion of your loan, so that you retain the flexibility of a variable rate loan to allow for extra repayments and redraw." For my part, I'm probably going to leave most of my loan variable and just have a really good go at paying off as much as possible over the next year or two. I've opted for that because if I leave a big chunk variable, I can pay more down. Although, I have benefitted in the past from fixing, when I timed it right. With rates on their way up, are you fixing? Why? Why not?

No views, no pay – Sunshine Coast Daily

No views, no pay Sunshine Coast Daily Wendy Gilson, a Palmwoods real estate agent, bought the $760000 unit off the plan. She had a special clause added to her contract with Flamingo Enterprises ..

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No views, no pay – Sunshine Coast Daily

Prime Infrastructure shuffle

PRIME Infrastructure Group has announced the resignation of chief executive Jeff Kendrew.

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Prime Infrastructure shuffle

Selling in the Hills – Cumberland Courier Newspapers

Selling in the Hills Cumberland Courier Newspapers Rance Blamey Real Estate successfully auctioned a Kenthurst property for $705000, according to RP Data. Scott Rance marketed the original three-bedroom … and more

Why do australian politicians unnecessarily force young australians to be mortgage slaves?

Figures compiled by CommSec for The Sunday Telegraph reveal homebuyers on the average income now have to work for 19,374 hours to buy the average Australian house with the average mortgage.

Fifty years ago they needed to work 25 hours to meet the monthly mortgage repayment of $25, based on an average five per cent interest rate and a mortgage of $4620.

Today, the average worker earning $30.04 an hour spends 70.7 hours – or almost two weeks of the month – at work to cover the monthly mortgage repayment for an average $283,000 loan at a 6.64 per cent interest rate.

Whereas homes were once affordable on a single wage, families now realistically need two incomes to fund a mortgage.

Sydney University anthropologist and author Stephen Juan said it now took two incomes and 30 years to pay off the average home.

Mortgages costing the average household 29 per cent of its income put huge strains on the family unit, Dr Juan said.

Dr Juan said that 50 years ago, promises of technology brought predictions of an easier life and more time available for family and healthier lifestyles.

dailytelegraph.com.au

Hugh Pavletich
Co author – Annual Demographia International Housing Affordability Survey
Performance Urban Planning
Christchurch
New Zealand

Queensland rents rise – but there’s a reason – Brisbane Times

Queensland rents rise – but there's a reason Brisbane Times The completion of new housing developments in areas of regional Queensland has falsely inflated weekly rental costs outside Brisbane, real estate agents say … and more

Some fundamentals of property

Land, building or capital improvements and market conditions are some of the fundamentals of property, according to Direct Negotiations buyers advocate Chris Nicolas.

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Some fundamentals of property

Real Estate Report – 08/03/10 – Finance News Network

Real Estate Report – 08/03/10 Finance News Network Mortgage repayments just got dearer. The big four banks were quick to lift their lending rates in line with the RBA's 25 basis point rise in the official …

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Real Estate Report – 08/03/10 – Finance News Network

Experts says housing market can withstand more rate rises – Smart Company (blog)

Experts says housing market can withstand more rate rises Smart Company (blog) David Airey, president of the Real Estate Industry of Australia, says the market still has some time to go before any significant drop in demand or mortgage …

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Experts says housing market can withstand more rate rises – Smart Company (blog)

Mackay house prices on the rise – ABC Local

Mackay house prices on the rise ABC Local The Real Estate Institute of Queensland (REIQ) says the Federal Government's decision to reduce the first home owners grant has pushed up … Confidence booms in house market | Mackay News | Local News in Mackay Mackay Daily Mercury all 2 news articles

Charter Hall Retail REIT buys two retail centres – The Australian

Charter Hall Retail REIT buys two retail centres The Australian The real estate investment trust said it bought the Manuka Terrace shopping centre in Canberra and the Mile End Homemaker Centre, a bulky goods retail …

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Charter Hall Retail REIT buys two retail centres – The Australian

Police hunt man after Lambton break-in – Newcastle Herald

Police hunt man after Lambton break-in Newcastle Herald POLICE are hunting a man who sent them on a chase after being seen breaking into a Lambton real estate agency this morning. Patrolling police saw a man …

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Police hunt man after Lambton break-in – Newcastle Herald

Protect yourself against online fraud

Attention all Domain.com.au users - Protect yourself against online fraud There are a number of safety checks in place on Domain.com.au to make it a safe environment for people to search for properties but like many transactional sites, the risk of fraud still exists. There are, however, things individuals can do to ensure they do not make themselves vulnerable to internet fraud. Key points to help protect against online fraud: 1. Never give your bank details out to anyone over the internet. It is not standard practice for advertisers to request payment or financial details before a site inspection. 2. If somebody asks you to make a payment in exchange for a property, do not comply. It is very important that you meet the person you are communicating with in person before any money changes hands. 3. If you are asked to transfer money directly, or indirectly, to an advertiser, please report the suspicious behaviour to Domain.com.au by calling 1300 799 109 or email support@domain.com.au. 4. If you have been a victim of online fraud on this site or other transactional sites, it is important to notify the website and the local Police about the incident. To view Domain.com.au's Security Policy in relation to Phishing Emails, Fraudulent Ads and Payments, please click here. If you suspect you have seen a fraudulent ad, please call 1300 799 109 or email support@domain.com.au Posted by Domain.com.au Team

Escaping the pitfalls of direct property – Money Management

Escaping the pitfalls of direct property Money Management There are many players who may be involved including (if an arm's length purchase is being funded) the real estate agent, the vendor, the vendor's solicitor … What's ahead for SMSFs

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Escaping the pitfalls of direct property – Money Management

Property Investing No No’s

Real estate can be both a profitable and wise investment. However, if you lack the experience and knowledge, things can go very wrong if you attempt to generate income through property investing. One reason for this is that it is easy to make mistakes. For instance, some investors put their money toward the wrong properties, while others do not manage their finances well and end up overdrawn. Another reason is the traps that are laid by malicious individuals attempting to make a quick buck by preying on naive investors.

Median house price surges past $500000 – Brisbane Times

Median house price surges past $500000 Brisbane Times Figures released yesterday by the Real Estate Institute of Queensland showed that the median house price for a three-bedroom house in Brisbane rose 8.1 per …

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Median house price surges past $500000 – Brisbane Times

Renovator’s delight? Don’t bank on it – Brisbane Times

Brisbane Times Renovator's delight?

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Renovator’s delight? Don’t bank on it – Brisbane Times

Rental bond nightmare – Tasmania Mercury

Rental bond nightmare Tasmania Mercury However, real estate agents say tenants are facing long waits to have their bonds returned and in one case a tenant cannot access his bond, lodged before … and more

Mermaid Beach’s million dollar man – Gold Coast Bulletin News

Gold Coast Bulletin News Mermaid Beach's million dollar man Gold Coast Bulletin News As financial markets melted and real estate values plummeted, the 31-year-old Ray White Broadbeach prestige agent racked up $138 million in sales. ..

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Mermaid Beach’s million dollar man – Gold Coast Bulletin News

Follow property cycle, not the seasons, house sellers told – Courier Mail

Follow property cycle, not the seasons, house sellers told Courier Mail Real Estate Institute of Queensland figures to be released today show the median price for a three-bedroom house increased by up to 9.7 per cent in regional …

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Follow property cycle, not the seasons, house sellers told – Courier Mail

No breather for those in pursuit of a home – Sydney Morning Herald

No breather for those in pursuit of a home Sydney Morning Herald The Real Estate Institute of Victoria reports that 87 per cent of the 230 properties up for auction this week sold. It's interesting to note in light of …

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No breather for those in pursuit of a home – Sydney Morning Herald

Activist ready to rattle to keep W-class rolling – The Age

Activist ready to rattle to keep W-class rolling The Age Then, having made a fortune helping to build Colliers International into a commercial real estate powerhouse, he quit the company in late 2007 to launch an …

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Activist ready to rattle to keep W-class rolling – The Age

Couples work twice as long for a house

AUSTRALIANS work three times harder to pay off the family home than they did 50 years ago.

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Couples work twice as long for a house

Property Auctions Rise 52% – Australian Migration News

Property Auctions Rise 52% Australian Migration News The strong level of pre-listing activity across the real estate market has continued again during the most recent week with the Market Activity Index once …

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Property Auctions Rise 52% – Australian Migration News

ING Pub Fund in bid to save Icon Venues – The Shout

ING Pub Fund in bid to save Icon Venues The Shout ING Real Estate Entertainment Fund (IEF), a publicly listed property trust, has revealed plans to prop up its major tenant, …

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ING Pub Fund in bid to save Icon Venues – The Shout

Sydney Auction Results

Total properties: 270
Sold: 207
Withdrawn:12
Cleared: 73%
Total sales: $175,601,776
Median:$840,500
Suburb    Address    Description    Price    Result
Alexandria 285 Belmont St 2 br h $663,000 S
Alexandria 75 Garden St 2 br h $740,000 S
Alexandria 14/118 Lawrence St 2 br u $590,000 S
Alexandria 61 Suttor St 2 br h $850,000 S
Annandale 2/259 Johnston St 2 br u $601,000 SP
Annandale 26 Johnston St 4 br h $1,150,000 VB
Annandale 270 Young St 3 br h $1,230,000 SP
Arncliffe 13/9a-11 Eden St 2 br u $362,000 S
Ashfield 5/132 Victoria St 2 br u $515,000 S
Asquith 2/44 Olive St 3 br h $585,000 SA
Auburn 76 Gordon Rd 3 br h PI
Balgowlah 72 Condamine St 2 br h $1,500,500 S
Balmain 42 Church St 3 br h SS
Balmain C401/23 Colgate Av 2 br u $805,000 SP
Balmain 9/440 Darling St 2 br u $703,000 S
Balmain 8 Elliott St 2 br h $688,000 S
Bankstown 62 Fenwick St 7 br h $970,000 PI
Barden Ridge 2 Foster St 5 br h $920,000 S
Bass Hill 83 Farrell Rd 3 br h $451,000 S
Bass Hill 360-362 Hector St land NB
Baulkham Hills 7 Norwood Pl 4 br h PN
Beecroft 97a Malton Rd 3 br h PI
Bella Vista 25 Bingara Cr 4 br h $650,000 S
Bellevue Hill 19/17a Cooper Park Rd 4 br t W
Bellevue Hill 35/60 Drumalbyn Rd studio $400,000 SP
Berala 99 Sixth Av 2 br h $580,000 S
Beverley Park 68 Jubilee Av 5 br h $1,200,000 S
Beverley Park 15 Poulton Av 3 br h $830,000 S
Bexley 6 Toohey Cr 2 br h $670,000 S
Birchgrove 6 Bay St 3 br h $1,750,000 SP
Birchgrove 95 Louisa Rd 2 br h SN
Blackheath Lot 1 Megalong Rd 9 br h W
Blacktown 4/60 Patricia St 3 br t PI
Blue Bay 3/110 Ocean Pde 2 br u W
Bondi Beach 71 Lamrock Av 2 br h $1,351,000 S
Bossley Park 7 Kent Pl 3 br h $372,500 S
Bronte 2/471 Bronte Rd 1 br u $1,262,500 S
Burwood 4 Clarence St 6 br h $3,450,000 PI
Burwood 12 Livingstone St 2 br h $856,000 S
Camden South 34 Wire La 5 br h NB
Cammeray 35 Alan St 3 br h $1,690,000 S
Camperdown 24 Pidcock St 2 br h $847,000 S
Campsie 16/94 Beamish St studio NB
Castle Hill 12 Daphne Av 3 br h PI
Castle Hill 19 Kathleen Av 5 br h $3,100,000 SP
Castlecrag 1 Rutland Av 5 br h $2,150,000 S
Casula 60 De Meyrick Av 3 br h PI
Casula 7 Drysdale Pl 4 br h $522,000 S
Casula 6/45 Pine Rd 2 br h $315,000 SP
Chatswood 233 Mowbray Rd 3 br h $933,000 S
Cherrybrook 1 Clifton Pl 5 br h $861,000 S
Chester Hill 234 Hector St 2 br h $341,000 S
Chipping Norton 9 Nuwarra Rd 5 br h $550,000 SP
Clontarf 9 Alma St 3 br h $1,390,000 S
Clontarf 17 Sandy Bay Rd 4 br h $2,800,000 VB
Clovelly 5 Burnie St 3 br h $1,400,000 S
Clovelly 57 Burnie St 4 br h $3,129,000 S
Clovelly 2/23 Melrose Pde 2 br u $935,000 S
Collaroy 91 Fuller St 4 br h $1,295,000 VB
Concord 19 MacNamara Av 4 br h $1,070,000 S
Concord West 20 The Drive 4 br h $1,270,000 S
Coogee 4/126-128 Brook St 2 br u $785,000 S
Coogee 6/5 Dundas St 1 br u $512,000 S
Cremorne 1/40 Benelong Rd 2 br u $740,000 SP
Cremorne 11/81 Gerard La 3 br u $832,000 SP
Cremorne 22/20-24 Rangers Rd 3 br u $1,300,000 SP
Cronulla 12 Lucas St 3 br h $1,120,000 S
Croydon 12 Australia St 3 br h SN
Croydon Park 85 Kembla St 2 br h $625,000 S
Darlinghurst 716/50 Burton St 2 br u $807,000 S
Darlinghurst 501/150 Liverpool St 2 br u PN
Denistone East 18 Salter Cr 4 br h $1,140,000 S
Dharruk 38 Kilbride Av 4 br h SN
Double Bay 7/530 New South Head Rd 1 br u SN
Dover Heights 33 Military Rd 4 br h $4,250,000 S
Dulwich Hill 82 Hercules St 3 br h $890,000 S
Dural 17-19 Hemers Rd 6 br h PI
Earlwood 42 Hocking Av 5 br h $1,400,000 VB
Earlwood 114 Minnamorra Av 3 br h $786,000 S
East Lindfield 10 Perth Av 4 br h SN
Edensor Park 6 McCrea Cl 5 br h PI
Elanora Heights 35 Kywong Rd 5 br h $1,700,000 S
Elanora Heights 14 Morandoo Rd 4 br h NB
Engadine 3 Ferntree Rd 2 br h $612,000 S
Epping 14 Fernhill Av 5 br h $1,520,000 S
Epping 18 Shirley St 4 br h $904,000 S
Erskineville 28 Ashmore St 4 br h $1,000,030 S
Erskineville 6/168-178 George St 2 br u $496,000 PI
Eschol Park 1/47 Frontignan St 3 br h NB
Fairlight G/10 Hilltop Cr 3 br t PI
Five Dock 3 Bevin Av 3 br h $1,055,000 PI
Five Dock 421 Lyons Rd 3 br h PN
Five Dock 66/100 William St 2 br u PN
Five Dock 68/100 William St 2 br u $820,000 VB
Forest Lodge 17 Junction St 2 br h $800,000 SP
Freshwater 29 Undercliff Rd 4 br h NB
Glebe 435 Glebe Point Rd 4 br h $2,005,000 S
Glenhaven 69-71 Evans Rd 4 br h $1,545,000 SP
Gordon 15 Glenview St 4 br h $1,200,000 PI
Gordon 112 St Johns Av 5 br h PN
Grays Point 81 Peninsular Rd 3 br h $708,000 S
Green Valley 228 North Liverpool Rd 6 br h $610,000 VB
Greenacre 77 Noble Av 3 br h $500,000 SP
Greenwich 1 Innes Rd 4 br h $1,350,000 SP
Guildford 51 Randolph St 5 br h $485,000 S
Haberfield 3 Walker Av 3 br h $1,050,000 SP
Homebush Bay 104/1 The Piazza 1 br u $330,000 S
Hunters Hill 4 Figtree Rd 3 br h $1,245,000 S
Hunters Hill 41a Huntleys Point Rd 5 br h SN
Hunters Hill 11 Lyndhurst Cr 4 br h $2,200,000 PI
Hunters Hill 48 Milling St 3 br h PN
Hunters Hill 11 Stanley Rd 4 br h W
Hurlstone Park 30 Crinan St 8 br h $902,000 S
Hurlstone Park 30 Crinan St 6 br h $902,000 S
Hurstville 16 Gannons Av 3 br h $848,000 S
Hurstville 42 Hodge St 2 br h $811,000 S
Hurstville 21/39-41 Park Rd 4 br u PN
Hurstville 14 Wright St 3 br h $1,200,000 S
Jannali 97 Soldiers Rd 1 br h $715,000 S
Katoomba 55a Clissold St 4 br h NB
Katoomba 55b Clissold St 3 br h $308,000 S
Killara 1 Banyula Pl 4 br h PN
Killara 46 Fiddens Wharf Rd 4 br h PN
Killara 47 Greengate Rd 3 br h SN
Killara 9 Kylie Av 5 br h PN
Killara 14a Stanhope Rd 5 br h PI
Kingsford 46/243-253 Anzac Pde 2 br u $578,000 S
Kingsford 119a Cottenham Av 3 br h $850,000 SP
Kingsgrove 24 Kingsway 2 br h SN
Kirribilli 7/4 Holbrook Av 2 br u $855,000 S
Kogarah 14 Marshall St 2 br h $652,000 S
Kogarah 21 Palmerston St 3 br h $692,000 S
Kogarah 11 Park St 3 br h $690,000 S
Lane Cove North 20 Elizabeth Pde 4 br h $1,470,000 S
Lane Cove North 42 Karilla Av 3 br h $1,025,000 S
Leichhardt 81 Francis St 3 br h $895,000 SP
Lewisham 69 Old Canterbury Rd 4 br h $875,000 SP
Lewisham 23 Toothill St 3 br h $870,000 SP
Lidcombe 9/109-113 Frances St 3 br h $480,000 S
Lilyfield 4 The Boulevarde 4 br h $1,210,000 SP
Lindfield 4 Treatts Rd 4 br h $2,315,000 S
MacMasters Beach 69 Lakeside Dr 5 br h $2,300,000 S
Malabar 19 Herbert St 5 br h $1,710,000 PI
Manly 24/140-142 North Steyne 3 br u $1,725,100 PI
Manly 117/2 Wentworth St 2 br u $1,180,000 S
Maroubra 9/81 Broome St 3 br u $580,000 SP
Maroubra 17 Cantrill Av 5 br h $2,180,000 S
Maroubra 91a Maroubra Rd 2 br h $775,000 S
Maroubra 4/46 Portland Cr 2 br t $610,000 SP
Maroubra 3 The Corso 3 br h PI
Marrickville 90/18 Cecilia St 2 br u $510,000 S
Marrickville 12 Garners Av 3 br h $760,000 S
Marrickville 5/31 Henson St 2 br u $440,000 SP
Marrickville 193 Sydenham Rd 2 br h W
Matcham 69 Matcham Rd 4 br h $975,000 SP
Matcham 229 Oak Rd o res PI
McMahons Point 11/8-10 East Crescent St 2 br u $950,000 S
McMahons Point 22 Princes St 3 br h $1,440,000 S
Merrylands 48 Chetwynd Rd 2 br h $502,000 PI
Merrylands 38 Earl St 2 br h $405,000 S
Merrylands 7 Garnet St 3 br h $580,000 S
Merrylands 9 Harper St 4 br h $497,000 S
Merrylands 28 Ridge St land $1,055,000 S
Milsons Point 35/94-96 Alfred St S 3 br u $1,470,000 VB
Miranda 182 President Av 4 br h W
Miranda 89 Wyralla Rd 3 br h $750,000 S
Mona Vale 6/6 Darley St 3 br u $550,000 PI
Mooney Mooney 35 Point Rd 4 br h NB
Mosman 13 Bay St 4 br h $2,280,000 PI
Mosman 17 Iluka Rd 5 br h $6,150,000 S
Mosman 2/27 Moruben Rd 3 br u $1,900,000 VB
Mosman 94 Spit Rd 5 br h $1,775,000 VB
Mount Druitt 54/254 Beames Av 2 br u PI
Mount Druitt 8/1-5 Durham St 2 br u $240,000 S
Mount Pritchard 323a Elizabeth Dr land $225,000 PI
Naremburn 8/40 Station St 3 br t $910,000 SP
Neutral Bay 502/3 Lindsay St 3 br u $1,170,000 S
Newtown 7 Bucknell St 3 br h $1,290,000 S
North Bondi 2/3 Oakes Pl 3 br u $1,500,000 PI
North Bondi 3/57 Wairoa Av 2 br u $841,000 S
North Epping 88 Norfolk Rd 5 br h $1,180,000 VB
North Epping 89 Norfolk Rd 5 br h PI
North Parramatta 3/27-29 Brabyn St 4 br t $502,000 S
North Ryde 2/110 Twin Rd 2 br h $715,000 S
North Turramurra 22 Allara Av 5 br h $1,300,000 SP
North Willoughby 253 High St 2 br h $1,050,000 S
Northbridge 26 Bligh St 3 br h PN
Northbridge 73 Coolawin Rd 3 br h NB
Northbridge 11 Narani Cr 3 br h $1,700,000 VB
Oakville 196 Bocks Rd 4 br h $1,006,000 S
Oatlands 24 Lind Av 3 br h $805,000 S
Oatley 1 Algernon St 3 br h $1,050,000 SP
Oatley 23 Louisa St 4 br h $1,150,000 PI
Ourimbah 18 Leeder Rd 4 br h W
Oyster Bay 111 Georges River Cr 4 br h $2,250,000 PI
Paddington 100 Lawson St 3 br h $1,225,000 SP
Paddington 42/364 Moore Park Rd 1 br u $420,000 SP
Padstow 69 Arab Rd 3 br h $740,000 S
Panania 36 Panania Av 2 br h $562,000 S
Peakhurst 77 Ogilvy St 5 br h $580,000 VB
Petersham 23 Jarvie Av land $415,000 S
Prospect 104 Norman St 4 br h $740,000 S
Punchbowl 91 The Broadway 3 br h $435,000 SP
Putney 78 Delange Rd 5 br h $2,250,000 SP
Pymble 3 Latona St 5 br h $1,875,000 VB
Pymble 1 Nithdale St 4 br h $1,320,000 SP
Pymble 8 Rushall St 4 br h PN
Pyrmont 14/9 Quarry Master Dr 3 br u $840,000 S
Quakers Hill 2/23 Pye Rd 3 br t $315,000 S
Queenscliff 7 Pavilion St 5 br h NB
Queenscliff 3/22a Queenscliff Rd 3 br u W
Queenscliff 8/61-63 Queenscliff Rd 3 br u $1,365,000 S
Ramsgate Beach 235 The Grand Pde 3 br h $900,000 S
Randwick 236 Alison Rd o res $900,000 VB
Randwick 13/4-6 Cowper St 2 br u $755,000 S
Randwick 21 Dolphin St 2 br h $1,195,000 S
Randwick 34 Oberon St 3 br h $1,335,000 S
Redfern 743 Bourke St 5 br h $1,050,000 VB
Redfern 4/2 Pitt St 2 br u $661,500 S
Redfern 24/1-7 Stirling St 3 br u $750,000 S
Revesby 7 Ely St 3 br h $521,000 S
Riverwood 47 Shenstone Rd 3 br h $690,000 S
Rockdale 63 Farr St 3 br h $670,000 S
Roseville 44 Addison Av 3 br h SN
Roseville 130a Archer St 5 br h PN
Roseville 80 William St 4 br h $1,740,000 SP
Ryde 1313/100 Belmore St 3 br u W
Ryde 11 Junction St 4 br h $1,100,000 S
Ryde 51 Melville St 4 br h $1,205,000 S
Ryde 80 Potts St 4 br h $1,120,000 S
Sans Souci 40 Alice St 3 br h $765,000 S
Sans Souci 22 Meriel St 3 br h $905,000 S
Sans Souci 123a Napoleon St 3 br t $645,000 S
Seaforth 10 Frenchs Forest Rd 3 br h $910,000 S
Sefton 1 Helen St 4 br h $534,000 S
Sefton 17 Wallace St 3 br h $428,000 S
Shalvey 55 Sedgman Cr 4 br h SN
South Hurstville 9 Salisbury St 3 br h W
St Ives 11 Oxford Pl 4 br h W
St Ives Chase 87 Collins Rd 3 br h PN
St Johns Park 15 Drummoyne Cr 5 br h $676,000 S
St Johns Park 245 St Johns Rd 2 br h $365,000 S
St Marys 10/8-10 Sainsbury St 5 br h PI
Stanmore 170 Albany Rd 3 br h $980,000 S
Stanmore 122 MacAulay Rd 4 br h $1,475,000 S
Stanmore 14 Myrtle St 3 br h $791,000 S
Strathfield 41 Albyn Rd 3 br h $1,250,000 S
Strathfield 60 Bareena St 3 br h $1,225,000 S
Strathfield 15 Boden Av 5 br h SN
Strathfield 11 Myee Av 6 br h $1,332,000 S
Strathfield 6/2-4 Russell St 4 br u $600,000 S
Strathfield 62 Shortland Av 3 br h $1,250,000 S
Strathfield 15 Thomas St 4 br h PI
Surry Hills 46 Adelaide St 2 br h $690,000 S
Surry Hills 5 Clisdell St 2 br h $560,000 VB
Surry Hills 18/99-115 Flinders St 2 br u $685,000 S
Sydney 1006/187 Liverpool St 2 br u $1,155,000 S
Sydney 73/1 Macquarie St 2 br u NB
Sydney 377/298-304 Sussex St 2 br u NB
Sylvania 6/9 Melrose Av 3 br t $537,000 S
Sylvania 41 Port Hacking Rd 4 br h $597,000 SP
Sylvania Waters 126 Belgrave Esp 3 br h $1,560,000 S
Tamarama 364 Birrell St 4 br h $2,000,000 VB
Terrigal 2/20 Kurrawyba Av 3 br t W
Thornleigh 2 Tillock St 3 br h $740,000 SP
Turramurra 40 Duff St 5 br h $785,000 S
Waverley 22 Campbell St 5 br h $4,000,000 VB
Waverton 2/24 Crows Nest Rd 2 br u $670,000 S
West Pennant Hills 7 Governor Phillip Pl 5 br h $1,700,000 VB
West Pymble 29 Grayling Rd 3 br h $922,000 S
West Pymble 52 Yarrara Rd 4 br h $1,180,000 S
West Ryde 17 Deakin St 3 br h $935,000 S
West Ryde 31 Orchard St 3 br u $694,500 S
Wiley Park 6/279 Lakemba St 2 br u $236,000 SP
Willoughby 5 Edward St 3 br h PN
Willoughby 103 Mowbray Rd 3 br h $981,000 S
Willoughby 18 Nardoo Rd 4 br h PN
Willoughby East 30 Warrane Rd 2 br h $1,345,000 S
Woy Woy 102 Blackwall Rd 4 br h $400,000 SP
Yagoona 85 Ashby Av 3 br h $420,000 S
Yagoona 8 Houston Rd 3 br h $475,000 SP
Yagoona 17 Palomar Pde 2 br h $450,250 SP
Yagoona 2a Sutherland St 3 br u PI

KEY: S indicates property sold; SP – property sold prior; PI – property passed in; PN – sold prior not disclosed; SN – sold not disclosed; NB – no bid; VB – vendor bid; o res – other residential; w – withdrawn prior to auction; N/A – price or highest bid not available; SA – sold after auction; SS – sold after auction price not disclosed.?

Melbourne Auction Results

Total Auctions

This week: 230

Last weekend: 907

This time last year: 133

S Sold at Auction: 147

SB Sold before Auction: 50

SA Sold after Auction: 3

Passed in: 30

Passed in on vendor’s bid: 15

Clearance rate: 87%

Postponed: 1

Withdrawn: 0

Auctions with no result: 33

PS Private Sales: 686

Total Volume (Auctions): $120.68mil

Total Volume (Private Sales): $313.11mil

Total Auctions Houses: 147

Clearance Rate: 84%

Median Price: $625,000

Total Value: $81,343,500

Total Auctions Flats/Apartments: 76

Clearance Rate: 93%

Median Price: $515,000

Total Value: $37,726,800

Total Auctions Vacant Land: 7

Clearance Rate: 71%

Median Price: $357,000

Total Value: $1,610,000

House Sales in Detail

TOP 5 HOUSES

1. 9 Russell Street, Camberwell $1,560,000

2. 1 Saturn Street, Balwyn North $1,485,000

3. 19 Church Street, Canterbury $1,396,500

4. 54 Severn Street, Balwyn North $1,300,000

5. 50 Karnak Road, Ashburton $1,281,000

TOP 5 BARGAIN HOUSES

1. 52 Douro Street, Geelong North $280,500

2. 24 Cottrell Court, Delahey $284,000

3. 542 Barry Road, Coolaroo $286,000

4. 88 Tamar Drive, Deer Park $299,000

5. 95 Ravenhill Boulevard, Roxburgh Park $314,250

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

1. 832 Hampton Street, Brighton $1,430,000

2. 17/79 Oxford Street, Collingwood $970,000

3. 1250 Toorak Road, Camberwell $855,000

4. 3/37 Graham Avenue, Mckinnon $842,500

5. 2/36 Antibes Street, Parkdale $770,000

TOP 5 BARGAIN APARTMENTS

1. 6/27 Synnot Street, Werribee $235,000

2. 2/36 Cooper Street, Epping $240,000

3. 4/7 Cumberland Road, Pascoe Vale South $245,000

4. 2/166 Leamington Street, Reservoir $252,500

5. 4/267 Ascot Vale Road, Moonee Ponds $300,000

Get the latest auction and private sale results first from the REIV.

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Property market action on the Gold Coast – Gold Coast Bulletin News

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Lilly of the Field grabs win – Sunshine Coast Daily

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Achilleas Kallakis: A real estate tycoon and poker player eats into Irish banks – Poker 777

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Lack of funds puts mergers on agenda – Sydney Morning Herald

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Adelaide mum releases real estate secrets in new book – NewsMaker (press release)

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Adelaide mum releases real estate secrets in new book – NewsMaker (press release)