The proportion of inaccurately quoted price guides dropped by a third in February 2016 compared to last year, according to statistics released on Tuesday by property price prediction company RealAs. In February 2015, agent underquoting hit an average of 13.9 per cent, compared to 9.7 per cent in 2016, according to the Sydney Morning Herald story. It is […]
AGENTS not trained in property valuations will struggle under new legislation targeting underquoting, according to the Real Estate Institute. NSW President Malcolm Gunning said current courses – some as short as a few hours – will not be sufficient for new laws introduced on January 1. According to The Daily Telegraph story, the changes will […]
During 2015, the media was full of feel good stories of potential millionaires – the result of neighbours banding together to ‘crowdsell’ their homes to developers across Sydney. Fuelled by the demand from developers and low availability of land, the popularity of multiple selling – anywhere from two houses up to 20-strong ‘superlots’ – is […]
The growth in international students in Australia will be a key driver of apartment demand in 2016, according to commercial real estate company, Colliers International. A recent story in the Australian Financial Review reported that investor interest in apartments may have cooled due to a lending clampdown but the rising international student numbers will fill the gap […]
The Adviser has commented on the seven major infrastructure projects across Sydney that will see huge growth and development in the city’s outer suburbs while at the same time developing and better connecting the inner ring and CBD over the next twenty years. Rising concerns about the affordability of Sydney-based property now and into the […]
NSW Government plans to sell four new land development sites in Sydney and the Southern Highlands On 9 February 2015, The Australian reported that the NSW Government is set to sell four major housing sites across Sydney and the Southern Highlands of New South Wales. This news comes at a time when PRD Nationwide has […]
Property valuations: ATO audit and SMSF requirements With $557 billion in assets, self-managed super funds (SMSFs) are the fastest growing segment of the superannuation market across Australia. Last year some $25 billion was poured into SMSFs, presently making up one third of the $1.9 trillion superannuation sector. Residential property purchases by SMSFs is now one […]
It’s thought that Sydney’s population will increase by more than 1.6 million by 2031. Due to the expected growth and the desire for Sydney-siders to live close to modern infrastructure, employment and reliable transport, the NSW Government introduced its Urban Activation Precincts plan in March 2013. This program aimed to deliver more homes in areas […]
A recent article from ABC News notes that while Sydney house prices continue to rise prices in other states are either remaining the same or showing greater volatility. To read the article see here: http://www.abc.net.au/news/2014-11-03/home-price-surge-continues-in-sydney-other-cities-subdued/5861982
THERE’S two great things about buying a house in one of Sydney’s newest, most desirable housing developments — you’ll save up to $150,000 and you’ll never have trouble finding the toilet when visiting the neighbours. The Parc development in Kellyville, in northwest Sydney, consists of 200 townhouses built from the exact same mould, right down to […]
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