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Jason Guildea
M: 0411 859 505
Email Jason |
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Sydney prices lead residential market
SYDNEY'S house prices continue to stoke the nation's residential market, with the city's values rising 2.4 per cent last month.
The Australian | Property - Copyright 2013 News Limited. All rights reserved.
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Haggling over home loans pays off
SAVVY home-loan shoppers are negotiating more than one percentage point off major lenders' variable interest rates, saving thousands in repayments.
CairnsPost | Property - Copyright 2013 News Limited. All rights reserved.
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House price growth eases during September quarter
Staff Reporter The latest Australian Bureau of Statistics (ABS) House Price Index reveals house price growth eased slightly during the September quarter, according to the Housing Industry Association (HIA). "Capital city established house prices increased by 1.9 per cent during the September quarter compared with the previous three-month period. Annual growth now stands at 7.6 per cent nationally. The latest figures show that the pace of house price growth has eased over the last few months," HIA senior economist Shane Garrett said. "The fact that house price growth was at a modest pace during the September quarter undermines recent assertions that price trends in the market are being driven by speculation. "It is no coincidence the strongest price growth is occurring in cities where constraints on new land supply are most severe, like Sydney and Perth. At a time when population growth is so strong and demand for new housing is so high, it is vital that unnecessarily onerous restrictions on new home building are removed as a priority," he urged. "Nevertheless, the streak of positive price growth over the last 12 months is likely to boost housing renovations activity and today's house price data is welcome in this context." During the September 2013 quarter, established house prices increased fastest in Sydney (up 3.6 per cent). Prices also rose by 1.9 per cent in Melbourne, 1.4 per cent in Hobart, 1.2 per cent in Brisbane, 0.4 per cent in Darwin and 0.2 per cent in Perth. Established house prices declined by 1.2 per cent in Canberra and 0.6 per cent in Adelaide compared with the previous quarter. Over the September 2013 quarter, project (new) house prices increased fastest in Sydney (up 1.8 per cent). Price increases also occurred in Perth (up 1.5 per cent), Darwin (up 0.6 per cent), Adelaide (up 0.2 per cent) and Hobart (up 0.2 per cent). Project house prices declined in Melbourne (down 0.5 per cent), Brisbane (down 0.3 per cent) and Canberra ( down 0.3 per cent).
Breaking News -
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Welcome to our first online Newsletter |
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Sales Update
As you would be hearing in the media the property market is very strong.
In fact, it is the most buoyant that it has been since 2010 when interest rates were also at a low level. A strong stock market and a slowly falling Australian currency are also helping prices move along.
The strongest part of the market is still under $2,000,000 and especially around the $1,000,000 mark, where investors and buyers with self managed super funds are making the most of low interest rates and improving rental returns for 1 & 2 bedroom apartments which is currently at a 5% return.
For properties priced above $2,000,000 buyer activity is patchy. Properties that are completely renovated or have a ‘wow’ view or location are still well sought after with some great prices being achieved over the last 4 to 6 weeks.
I expect the buyer strength to move up price ranges as people that sell look to upgrade and create more competition for higher priced houses and apartments. It is still a great time to be thinking of upgrading.
Please let us know if you would like an updated opinion on price for your property or advice on moving.
Best Wishes,
Jason Guildea
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Executive Leasing
More Properties Wanted! Record Tenant Demand!
This month we have seen an increase in tenant demand for houses and apartments in the $1500 to $2200pw price range. Tenant interest has been strengthened with more enquiries from overseas corporate tenants. The lower end of the market is still very stong as there continues to be a shortage of 1 and 2 bedroom apartments. For example a one bedroom until we manage in Manly orignally leased at $550 pw in autumn and we have just released it for $600 pw. Prices will continue to imporve as we get closer to christmas
Are you thinking of leasing?
Please contact Liz or Emily on 02 9948 2020
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RBA leaves cash rate on hold (AAP)
The central bank has left the cash rate unchanged at a record low of 2.5 per cent at its November board meeting.
Business - The West Australian - Copyright (c) 2013 Yahoo!7. All rights reserved.
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| 22 Richmond Rd SEAFORTH |
Auction 9th Nov |
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| Great Views - Great Potential |
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The views, the space, the garden, and the dress circle street make this original 1950's family home something special. On the market for the very first time the property consists of 4 bedrooms and a study and is set on a large 710m2 block on the low side of the street. |
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MORE INFORMATION |
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| Charming Freestanding Cottage |
| 19 Reginald Street MOSMAN |
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| Auction 9th Nov |
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| This fabulous federation house is located in one of the district's most central streets. With its period charm, spacious living areas and great North facing back yard it offers a terrific entry point for the Mosman home market. |
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MORE INFORMATION |
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| Older Cottage on level 1054sqm block |
| 5 Abernethy Street SEAFORTH |
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| Offers invited |
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| This under capitalised property offers a fantastic opportunity for you to build and design your dream home. The property is situated at the end of a quiet cul-de-sac in one of Seaforth's premium waterside streets. |
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MORE INFORMATION |
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| One Of The Best Views In Clontarf - Currently Leased |
| 90 Cutler Road CLONTARF |
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| Offers Over $2,300,000 |
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| This stunning home sits in a prime elevated position on Cutler Road and offers expansive 180 degree views of Middle Harbour. The never-to-be-built-out vista looks across to Chinaman's Beach and Balmoral, and encompasses all four headlands. |
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MORE INFORMATION |
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| Seaforth's Grandest Estate |
| 106-108 Seaforth Crescent SEAFORTH |
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| Offers over $7,000,000 |
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This impressive master built residence is unbeatable in its size, quality and the life style it offers to a growing family.
Boasting a double block of almost 3000sqm of land with an impressive brand new 5 bedroom master built home this is the perfect luxury home. |
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MORE INFORMATION |
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| Buy & Build The Best Luxury Home In The Manly Area |
| 14A Beatty Street BALGOWLAH HEIGHTS |
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| Offers Invited over $5,500,000 |
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| Your once in a lifetime chance to own a North/ East facing beachside site on beautiful Manly Cove. Boasting a massive 1303m2 of waterfront reserve land with stunning views across Manly Cove to Manly and Eastern Hill, this is a dream opportunity to build your own secluded, private residence just 30 minutes from the CBD and 5 minutes from Manly. |
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MORE INFORMATION |
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