The amount of mortgage loans in forbearance declined for the fifth straight week, from 8.18 percent of servicers’ portfolio volume in the previous week to 7.80 percent the week ending July 12, 2020.
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Month: <span>July 2020</span>
According to the National Low Income Housing Coalition, minimum wage workers need to make $23.96 per hour to comfortably afford a two-bedroom rental.
CEO David Anderson said he’s continuing to work to move his company beyond the CRM by releasing software features that help agents manage the entire lead and sales cycle. Here’s the latest.
Mark Lesswing first joined T3 Sixty last August to help build the firm’s technology division.
First American’s chief economist emphasized the downside of plummeting mortgage rates. “Why move when you can lock in at less than 3 percent in a time like this?”
The median home sale price in the U. S. rose by 2.8 percent from the previous year in June, marking an all-time high of $311,300, according to Redfin.
As the mortgage giant turns 50, the company celebrated its anniversary with a new state-by-state breakdown of the mortgages it has provided.
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
There’s much more than first meets the eye to Oakford Homes’ stunning Gardenia design.
Behind the front door of the stylish four-bedroom property – on show at Oakford Estate in Eyre – is a stunning family residence that makes it perfectly clear with every space, fixture and fitting that this is a home designed to meet the demands of modern living.
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
From the separate loungeroom at the front of the home to the expansive open-plan living/meals/kitchen zone to the rear, there is plenty of opportunity for family members to either come together – or find their own space to stretch out in.
Oakford Homes sales consultant Raphael Dona says the Gardenia will suit a number of potential homebuyers.
“It can either be used as a four-bedroom home or as three bedrooms with a separate study or home office,” he says.
“This design will suit either a young couple that are planning for a future family or couples with children or even the older couple that need space for visiting grandchildren.”
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Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
It’s easy to see the appeal.
The light-filled entry hall opens to the sumptuously-appointed master bedroom to one side; plush carpets and a muted palette add to the overall sense of calm. A substantial walk-in wardrobe and ensuite bathroom provide a touch of luxury, while the adjacent lounge room can be used as something of a parents’ retreat.
In fact, the front two rooms can be shut off from the rest of the house, giving it its own apartment-style feel.
Continuing through the passage – and past a handy linen cupboard – the hallway flows into the beating heart of the home: the expansive living zone. The modern gourmet kitchen, which is complete with an island bench, cooktop and dishwasher, is complemented with plenty of bench and overhead cabinet space and a sensational walk-in pantry.
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
This overlooks the meals and family area, which in turn flows out to the outdoor entertaining area through sliding glass doors.
Raphael says this area provides families with a “central hub” to come together.
“And this open opens out to the large alfresco area providing a great option for outdoor entertaining,” he says.
The Gardenia’s cleverly-designed layout has the additional three bedrooms off to the side of
the family/meals areal. Along with a bathroom and laundry, this provides a terrific kids’ or
guests’ wing.
Complete with quality fixtures and fittings throughout, the Gardenia’s interior boasts a “classic contemporary feel”, Raphael says.
“We wanted to showcase a home which is elegant yet also has a family focus,” he says.
“It has a lot of good-size rooms that flow nicely into each other … and with the abundance of storage, everyday clutter can be easily packed away, making for a neat and tidy home.”
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
Raphael says there’s plenty to like about the Gardenia’s family-friendly living areas.
“There’s a great flow from the inside family-kitchen areas to the large side alfresco,” he says.
“And the large sliding doors and windows make this a very natural light-filled house. My favourite aspect of the home is the sunny open outlook from the rear family room looking out on to the side alfresco.”
He says feedback from visitors about the display home highlighted the home’s “great value for money” given its mix of four bedrooms, two bathrooms and double garage.
“They also like the walk-in pantry, walk-in store/cloak cupboard and good-size kitchen,” he says.
The Gardenia is priced from $210,455 (as displayed).
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
Oakford Homes Gardenia, on display at Eyre Estate. Photo: Nick Clayton.
“This home is in our usual high-quality Oakford traditional specification with only a few minor extras,” Raphael says.
“We wanted to show the high quality that we offer at no extra cost above our standard price.”
A 600sqm block will be “perfect” for the Gardenia, he says: “The display block is 20m wide by 30m deep but the block can be 18m wide by building the garage on the boundary.”
Oakford Estate in Eyre – just a 34km drive north of Adelaide – has been designed to give families the chance to build their dream home. With open spaces, yet close to facilities and only moments from the Northern Expressway, the estate will consist of about 120 large blocks.
The post Oakford Homes’ Gardenia is full of earthly delights appeared first on realestate.com.au.
This six-bedroom, five-bedroom house at 34 Mareeba Rd, Ashgrove, is for sale. Ashgrove is one of Brisbane’s million-dollar suburbs.
BRISBANE’S elite million-dollar club is growing despite the nation’s housing market being in the grip of an economic recession and a global pandemic.
New data from Realestate.com.au shows a number of significant sales over the past 12 months propelled seven suburbs into the exclusive price threshold, with the city now boasting 23 suburbs with a median house price of $1 million or more — up from 16 a year ago.
Bardon and Grange are newcomers to the club for the first time on record, and only one suburb dropped off the list — Balmoral, with its median house price slipping from $1.07 million in fiscal 2019 to $882,500 in fiscal 2020.
This five-bedroom, two-bathroom house at 6 Currell Circuit, Samford Valley, is for sale.
One of the more unlikely suburbs to become one of Brisbane’s newest million-dollar hot spots is Samford Valley, with its median house price jumping from $922,500 to $1.1 million in the past 12 months.
For the price of some three-bedroom units in the Sydney CBD, you can buy a sprawling acreage estate in the suburb, which is about 20km southeast of Brisbane’s CBD.
Clayfield and Ashgrove, in the city’s north, Fig Tree Pocket in the west, and West End, in the inner south, are also new additions to Brisbane’s million-dollar club in the past 12 months.
This property at 17 Castlewood Court, Samford Valley, recently sold for $1.21m.
Realestate.com.au chief economist Nerida Conisbee said that while more suburbs had entered the million-dollar club over the past 12 months than had fallen out, there were still opportunities to buy into one of those suburbs for six figures.
“It’s still possible to buy into premium suburbs for under $1 million in Brisbane, unlike Sydney or Melbourne where that price tag doesn’t necessarily get you into an expensive suburb,” Ms Conisbee said.
Realestate.com.au chief economist Nerida Conisbee. Image: AAP/Monique Harmer.
Ms Conisbee said house prices were largely steady despite the market conditions because they were being supported by stimulus measures, a stable banking system, mortgage payment freezes and relative confidence among buyers.
“The premium property market has been one of the most stable property markets during the COVID-19 pandemic,” she said.
“This is likely due to the strong momentum leading into the shutdowns, and because highly paid sectors haven’t seen widespread unemployment yet.”
This house at 29 Dublin St, Clayfield, has just hit the market.
Georgie Haug of Belle Property Samford said she was not surprised Samford Valley house prices were seven figures.
Ms Haug said buyer inquiries were up 40 per cent, with a growing number of families seeing the value in lifestyle properties in the suburb.
“I sold two properties by walking around the property and chatting on FaceTime to Sydney buyers,” Ms Haug said.
“The only buyers in Australia who have the perception that Samford is ‘too far out’ are Brisbane residents. You can’t move 7km out of Sydney in comparison.”
She said double the amount of buyers were now looking to work from home or part-time.
Ms Haug just sold a property in Samford Valley for $1.285 million to a couple with two young kids.
The new buyer, Estelle Breslin, said she could not comprehend living anywhere else after experiencing the lifestyle Samford has to offer.
“It just feels like home,” Ms Breslin said.
“Everyone knows your name and your kids’ names.
“It’s just so beautiful and everyone is so friendly compared to in the city.
“Also, no one’s in a rush. There’s time to say hello and everyone out here is very relaxed.”
This four-bedroom, three-bathroom house at 18 Lorward Ave, Bardon, recently sold for $1.06m.
BRISBANE’S NEWEST MILLION-DOLLAR CLUB SUBURBS
Suburb Median house price FY19 Median house price FY20
Samford Valley $922,500 $1,100,000
Bardon $917,500 $1,010,000
West End $955,000 $1,050,000
Fig Tree Pocket $960,000 $1,170,000
Ashgrove $960,000 $1,030,000
Clayfield $925,000 $1,092,500
Grange $910,000 $1,123,500
(Source: Realestate.com.au. Data is for the 12-month median price for houses, based on at least 30 sales in a suburb)
The post Meet Brisbane’s newest million-dollar suburbs appeared first on realestate.com.au.
Jane Turner has pulled her Elwood property from the market.
The selling campaign for Jane Turner’s Elwood mansion is O-V-A-H, with the Kath & Kim star and co-creator pulling the property from the market to keep it.
Turner — who starred as Kath Day-Knight alongside Gina Riley’s Kim Craig in the classic comedy — listed the five-bedroom residence in late May.
Tiuna’s $7.3-$8m price guide would have seen it break the seaside suburb’s house price record, which was set at about $6.8m by The Block expert Frank Valentic’s Art Deco abode earlier this month.
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It’s a long way from Fountain Lakes.
Elegant style too good to part with.
But Chisholm & Gamon director Sam Gamon said despite Turner’s 1884-built home receiving “high-level offers” from parties across the country, she and her husband, John Denton, had decided to scrap the sale.
“The owners have decided they will move back in,” he said.
“They’re certainly in love with the home, so they just decided they wanted to keep it, and we respect their decision.”
Mr Gamon said during the property’s seven weeks on the market, he received inquiries from prospective buyers based in ritzy Melbourne suburbs Albert Park, Toorak and Brighton, and further afield in New South Wales and Queensland.
Its substantial 1079sq m landholding, featuring a pool and manicured gardens, and “the irreplaceable Victorian facade” were the major drawcards.
The pool was a major drawcard.
A cosy personal library.
Plenty of space for avid readers.
Turner, an Order of Australia recipient and Logie Award winner, has owned Tiuna since 1997. CoreLogic records show it changed hands for $802,500 then.
In the early 2000s, the actor, comedian and writer engaged acclaimed architecture firm Jackson Clements Burrows to connect the original part of the house to old stables at the rear, via a modern extension with soaring timber ceilings.
Soaring high ceilings create a grand space to entertain in.
Very noice.
Private charmer.
Jane Turner is holding on to her sophisticated Elwood base. Picture: Jo Duck
The listing — which Chisholm & Gamon shared with Fredman Property Group — followed Turner’s move overseas with her husband, who became the first Australian secretary-general of the International Chamber of Commerce in 2018.
One of five bedrooms.
Timber features heavily in the open-plan dining area.
Period charm.
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The post Jane Turner: Kath & Kim star pulls Elwood mansion from market appeared first on realestate.com.au.