Latest property News

Featured Property: Luxury Waterfront Anchorage Residence

Thursday 19 Sep 2019

Address: 66 Llewellyn St, Oatley Auction: This Saturday 21/09 1 PM! If you know nothing about this property, it's clear that you have not followed us on social media yet. This property has been featured on every platform we have- both online and offline. Just last week, it was chosen as the House Of The Week for Domain St George! About Oatley Oatley is a suburb in Southern Sydney, 18 km south of the Sydney CBD. Being part of the St George Area, it is surrounded by tidal estuary of the Georges Ri ....

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RBA Cash Rate Update

Wednesday 04 Sep 2019

RBA Announcement: The RBA has once again decided to keep the Cash Rate on hold this month which enables them a bit more time to assess how the recent rate cuts have influenced the market. Economists are predicting at least 1 more rate cut in future months. This has been reflected in lenders offering historically low fixed interest rates below 3%. If you are wanting to discuss how recent lender interest rate changes affect you, please contact our office on (02) 9300 6699. Lendin ....

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How priced-out renters contributed to Australia’s house price boom

Monday 15 Jul 2019

Renters priced out of buying property have tended to bid aggressively at auctions, which has in part contributed to the recent price boom in Sydney and Melbourne, a Reserve Bank researcher has suggested. While acknowledging that lending standards and interest rates contributed to the boom, modelling from economist Trent Saunders and senior research manager Peter Tulip, presented as part of adiscussion paper at the Economics for Better Policy forum in Melbourne on Monday, indicated that ....

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Building boom helps keep lid on house, apartment rents around capital cities

Wednesday 10 Jul 2019

A building boom across major Australian cities is helping to keep a lid on rent increases despite strong population growth, new figures show. But tenants in some capitals still face high costs, with Canberra and Sydney renters slugged well over $500 a week for the average house. “It’s the supply and demand story,” Domain economist Trent Wiltshire said of the Domain Rental Report for the June quarter, released on Wednesday. “When construction increases that gene ....

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Build to rent could shake up real estate but won’t take off without major tax changes

Monday 08 Jul 2019

In the wake of slumping demand for apartment building, it’s little wonder the multi-unit housing industry has been eagerly eyeing a possible new residential product: “build-to-rent”. In fact, the latest figures show that apartment-building construction starts were down 36 per cent in 2018 from 2016. But how much will this little-known type of housing solve our housing problems? Build-to-rent won’t be a silver bullet solution for Australia’s housing a ....

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Downsizers and first-timers underpin value in regional NSW in 2019

Friday 11 Jan 2019

Downsizers eager to take advantage of Sydney’s long-term capital growth, along with first home buyers, more rainfall and less banking red tape, are set to underpin property values in regional NSW in 2019, according to one leading network. Executive chairman of Raine & Horne Angus Raine said that it’s a matter of simple economics. “Despite softer dwelling prices in Sydney, downsizer activity is driving demand for real estate in some of NSW’s major regional growth centr ....

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Commission cuts, agent evolutions and recovering markets ahead in 2019, network chiefs predict

Friday 11 Jan 2019

REB asked three industry leaders how they anticipated 2019 might pan out — for agents in particular, and the industry in general. Predictions ranged from changes to the agent value proposition and commission cuts to recovering markets and royal commission mop-ups. CEO at Better Homes and Gardens Real Estate Simon Cashman said that the industry is likely to migrate from being simply transactional to becoming a full-service business in the year ahead. In a similar vein, Purplebricks Aus ....

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Listing fell more than expected in December

Tuesday 08 Jan 2019

Although declines are expected in the holiday period, national listings fell more than anticipated by 9.2 per cent in December 2018 to 328,203, figures released by SQM Research reveal. The research house said that this seasonal decline is typical as vendors withdraw advertising and inspections over Christmas and New Year. However, the declines, especially in Sydney, Melbourne and Canberra, were larger than expected at 17.7 per cent, 17.2 per cent and 15.5 per cent, respectively.  Hobart rec ....

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Sydney, Melbourne account for massive resale profits, data shows

Monday 07 Jan 2019

Property resales in the September quarter last year have accounted for an impressive $14 billion in profits, new data is showing, with Sydney and Melbourne unsurprisingly doing most of the heavy lifting. During the September 2018 quarter, the sheer majority of Australian property resold for a profit at 88.9 per cent, accounting for $14.06 billion in profit, according to the latest edition of the CoreLogic Pain & Gainreport. Of this profit, Sydney and Melbourne resale ....

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Google, Facebook to challenge realestate.com.au, Domain in 2019?

Friday 04 Jan 2019

One network CEO is predicting that Google and Facebook will take an even bigger interest in real estate marketing in 2019 and move more deliberately into the traditional property portal space, dominated currently by realestate.com.au and Domain. CEO at Professionals Real Estate David Crombie said that both Google and Facebook have the wherewithal to do it. “Both these organisations have significant user bases and are able to very cost-effectively target real estate consumers on a ....

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