The tech-oriented brokerage revealed Thursday that revenue in the second quarter of 2020 was up 8 percent year-over-year.
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Day: <span>July 31, 2020</span>
“They want larger pools, they want more bedrooms, they want multiple offices and they want an area for their kids,” Dana Koch, a Corcoran Group broker in Palm Beach, told Inman.
Real estate agent Justin Godsey is selling an Arizona ghost town complete with a dive bar, mercantile and a handful of homes for $1.25 million.
As of June 30, the company has expanded into 232 market centers across 45 regions outside of the United States and Canada.
A GOLD Coast real estate agent is giving away 50 “smashed avo breakfasts” to celebrate her 50th sale in one apartment building.
Lucy Cole Prestige Properties’ Rima Stafford has sold 50 apartments for more than $38 million in Broadbeach tower The Wave. The latest is under contract for $1 million-plus.
Gold Coast real estate agent, Rima Stafford, is giving away 50 breakfasts to celebrate her 50th sale in The Wave. Picture: Jerad Williams
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“We thought we would give 50 free breakfasts to the purchaser of the 50th,” she said. “So basically you can have your smashed avo and your luxury property. We are really excited Crema Espresso Cafe directly below the building has jumped on board.”
The notion spending $22 plus a pop on smashed avo on toast was a hit to housing affordability was first suggested by commentator Bernard Salt in 2016 – it went viral when he wrote “ … $22 several times a week could go towards a deposit on a house”.
But it hasn’t deterred Ms Stafford’s clients buying apartments in The Wave from her since before it was built 15 years ago: “I’ve had a lot of clients who not only purchase one apartment, but they love the building so much they purchase a second and a third. I even have one client who has four.”
Gold Coast real estate agent, Rima Stafford, in front of The Wave. Picture: Jerad Williams
As the dominant agent, she was nicknamed ‘Queen of the Wave’.
“It’s a bit of an embarrassing tongue in cheek. But I genuinely love the building and am very passionate about it.
“When you’re achieving record prices and people are happy with your service they keep coming back.”
Her 50th sale is a three-bedroom apartment with 280-degree views on level 19.
“Not in my wildest dreams did I envisage selling 50 apartments in the one building,” she said.
Agency Principal Lucy Cole said: “Rima’s an outstanding representative of Prestige Properties and knows Broadbeach backwards. She just loves The Wave building and what it has to offer.”
The Wave, at the corner of Surf Pde and Victoria Ave, is 111m high with 34 floors.
The post Free breakfast for a year with Gold Coast property purchase appeared first on realestate.com.au.
The national median listing price reached $349,000 in July — the highest price hike since November 2018, according to realtor.com’s latest market report.
Dan Spaulding, chief people officer at Zillow, said 90 percent of employees will have an option to work from home or an office, when “conditions permit.”
Gross domestic product data showed a historic drop in the second quarter, even as new unemployment claims continued to rise.
The self-guided tour pioneer inked an agreement with Pinnacle Living to help prospective tenants visit apartments on their own within a 160,000-unit portfolio
First homebuyers Ellouise Dunn and Robert Cacciola got government support to buy a unit. Picture: Brett Costello
First homebuyers are being urged to capitalise on a raft of government grants and support after further stamp duty incentives were introduced earlier this week.
The NSW government announced Monday that stamp duty will be temporarily scrapped for first homebuyers purchasing newly-built properties worth up to $800,000.
Stamp duty will also be heavily discounted for new homes priced up to $1 million for a period of 12 months.
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The scheme will mean first-time buyers have multiple avenues of support. First-time purchasers of new properties are already entitled to the $10,000 First Home Owners Grant.
The $25,000 HomeBuilder scheme for purchases of new properties priced under $750,000 is also available for single buyers with an income under $125,000 or couples earning less than $200,000 a year.
With stamp duty costs on property purchases often exceeding $15,000, first homebuyers could save as much as $40,000 on their purchases if they access multiple grants.
There is also the federally-backed First Home Loan Deposit Scheme, which allows buyers to get into the market using a 5 per cent deposit without needing to get pricey lender’s mortgage insurance.
Housing Industry Association executive director NSW David Bare said the combined packages offer a significant boost for buyers.
“The government is forecasting that this change will assist more than 6000 first homebuyers, which have traditionally been under-represented in the NSW market, particularly in Sydney,” Mr Bare said.
“Combined with the existing $10,000 First Home Owners Grant and the $25,000 HomeBuilder grant, first homebuyers in NSW should be looking to a new home as a real option.”
Premier Gladys Berejiklian said stamp duty incentives would help more first-time buyers get into the market. Picture: Jeremy Piper
The year-long stamp duty initiative was introduced with the aim of propping up the construction sector and injecting confidence into the property market.
NSW Premier Gladys Berejiklian said the changes will deliver a direct financial benefit to home seekers.
“Thousands of people will see their bank balances benefit from this change – it will help get more keys into more front doors of more new homes,” Ms Berejiklian said.
Commencing today, the stamp duty scheme will also raise the threshold for tax exceptions on vacant land purchases from $350,000 to $400,000. Discounts will also apply for land purchases up to $500,000.
First-time buyers Ellouise Dunn and Robert Cacciola recently accessed the First Home Deposit Scheme and said they realised it was a good time to be purchasing.
Buyers of newly built houses can get multiple avenues of support. Picture: Jonathan Ng
The pair snapped up a two-bedroom unit in the suburb of Sutherland in Sydney’s south and said they were “extremely happy” with the property and the deal they managed to negotiate.
“We didn’t think we would get (the scheme) but decided to apply for it anyway,” Ms Dunn said.
“When we got it we had 90 days to buy something, so that motivated us to start looking but we have no regrets. We felt like it was a good time to be looking and rates are so low.”
Belle Property Annandale associate director Simone Azzi said the stamp duty scheme was a welcome boost for the property market.
“(It) could be the difference between buying a house instead of an apartment,” she said.
Ellouise Dunn and Robert Cacciola said it was a good time to buy. Picture: Brett Costello
The government hopes easing the burden of buying a newly built property will stimulate the construction sector, which employs around 376,000 workers in NSW.
Residential and commercial construction contributed $48 billion to the state’s economy in 2018-19.
“This initiative will have positive outcomes for the housing industry and the NSW economy as a whole,” Mr Bare said. “(It) will ensure that there is plenty of suitably priced new housing for first homebuyers to take advantage of right across the state.”
The post Multiple grants are giving first homebuyers a golden ticket to property ownership appeared first on realestate.com.au.