Archive for the ‘News’ Category

Australia’s booming prices set to continue over winter

In previous years, the Australian property market usually experiences a slowdown over winter with notably less activity with the cooler change in season. For 2021, however, experts are suggesting strong buyer demand paired with unseasonably high sales volumes indicate price growth will continue throughout the winter season.

Director of economic research at realestate.com.au, Cameron Kusher, said while he is not expecting an early spring for the housing market, the COVID-induced property … Read the full post »

What households will need to earn if prices increase by 19 percent

Households in every capital city will need a significant pay rise this year if they are hoping to enter the property market without being in mortgage stress, new analysis shows.

Financial comparison site RateCity has calculated the annual household income needed to buy now, based on current house price medians and comfortable mortgage repayments after laying down a 20 per cent deposit, and compared it with the projected annual household income … Read the full post »

Everything Local – Ryan from Saliba Estate Agents

This episode, Josh is joined by Ryan Sweeney from Saliba Estate Agents. They discuss Ryan’s start in real estate, his role in the company and the importance of accountability in the business.

 

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Home values rise, but pace of growth slows

Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).  Although growth has slowed, home values are still on the rise, up 6.8% over the past three months to be 10.2% higher than the COVID low in September 2020.

CoreLogic’s head of research, Tim Lawless, reported the pace of capital gains … Read the full post »

Story of the Sale – 60 The Sanctuary, Westleigh


3 bed, 2 bath, 2 car
Method: Auction
Enquiries: 110
Buyer inspections: 122
Days on market: 11
Sale Price: Confidential – complex record for a 3 bedroom home!
 

 

What our client had to say:
“Josh has maintained contact with us over a number of years – patiently waiting for our planned move to Adelaide. When the time came, the … Read the full post »

Why many homes are selling before auction, despite record clearance rates

House hunters in the current market place are increasingly making pre-auction offers in an attempt to avoid large competition on auction day and missing out. When selling at auction, vendors can often face a difficult decision: lock in a pre-auction offer or continue to auction day. Auction clearance rates are at their highest level in years (82.3 percent in Sydney) and the strength of the market is commonly pushing prices … Read the full post »

Everything Local – Bernie from Pennant Hills Junior AFL Club

This episode, Josh is joined by Bernie from Pennant Hills Junior AFL club. Bernie has been in the club for 8 years having started off with the AusKick group. The club is currently offering a Kickability program, which is a program for mobile kids with disabilities who are keen to try AFL, and they are proudly the only club in the North West and Northern Suburbs offering this program. Tune … Read the full post »

Property values rise at their fastest rate in 32 years

CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of growth since October 1988 (3.2%). Sydney led the strong growth trends, with values surging 3.7% over the month and 6.7% higher over the first quarter of the year. According to Tim Lawless, CoreLogic’s research director, the last time we saw Sydney housing values record a quarterly trend of this strength was in June/July of 2015. … Read the full post »

Story of the Sale – 38/319 Peats Ferry Road, Asquith


3 bed, 2 bath, 2 car
Method: Private Treaty
Enquiries: 89
Buyer inspections: 42
Days on market: 11
Sale Price: $943,000
A suburb penthouse apartment offering a lifestyle of luxury and easy maintenance, enjoying a top floor corner position. Offering light filled and breathtaking interiors encased in spectacular floor-to-ceiling glass with high ceilings and an expansive, wraparound alfresco entertaining balcony with multiple access points, and capturing … Read the full post »

Will the end of government support affect the property market?

With the end of JobKeeper and other Covid-19 support measures due to finish at the end of March, what’s expected to come for the property market? The economy is powering ahead and Australia is no longer in recession: experts suggest as a whole the housing market will prevail.

After helping the Australian Economy and housing market through out a once-in-a-century pandemic, the Government’s support schemes currently in place are set to … Read the full post »

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