Nearly a month after threatening to end the Obama-era Affirmatively Furthering Fair Housing rule, President Trump announced he has officially rescinded it.
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Month: <span>July 2020</span>
Denser counties close to big tech companies are seeing significant year-over-year rent decreases, with San Francisco experiencing a 7.4 percent decline.
New data shows that as of May 2019 the average U.S. agent salary was $62,060. But wages are moving in different directions in different states.
The buyer, who has not been identified, purchased the penthouse at 220 Central Park South for $99.9 million as well as a smaller unit for $1.81 million.
The National Association of Realtors’ Pending Home Sales Index increased 6.3 percent year over year in June, according to data released Wednesday.
238 Howden Rd, Howden. Picture: SUPPLIED
THE secret of Howden and its wonderful lifestyle is out — and with homes like this one it is little wonder why.
Set on 2ha of spacious, private land, this property combines impressive architecture with open plan living spaces, family-friendly rooms, stylish fittings and entertainment options galore.
This magnificent Howden home has something for everyone.
An airy entertainer.
Winter warmer.
Slice of paradise.
Built in 2017, this eye-catching, pristine property has the feel of a new, never lived in home.
Harcourts Signature New Town property representative Nick Cowley said potential buyers love the peace and quiet that’s on offer here.
“Most definitely it is the serenity, the contemporary design, rural aspect and the proximity to the Hobart CBD and the beautiful Huon Valley — there is a lot to like,” he said.
“We have had a wide range of potential purchasers inquire about the property, from those looking to escape high density city living to tradies who spotted the amazing 160sqm shed.
“There have been multiple interstate buyers making inquiries.”
Take a seat.
A chef’s dream.
The huge shed.
The four bedroom home sits amid hectares of green paddocks and pretty bushland adjacent to the Peter Murell State Reserve and the Huntingfield Pony Club.
“Howden is an extremely popular area due to the large and peaceful allotments,” Nick said.
“You completely forget you are just 15 minutes from the CBD when you are standing beside the properties dam saying hello to a wallaby.
“It really is an extraordinary part of our beautiful state.”
The home features oak floating floors with a dual zone 16kW ducted under floor heating, a Nectre woodfire, soundproof walls between the living and bedrooms and a jaw-dropping elevated ceiling in the kitchen and dining space.
The open plan living, kitchen, dining area is a showstopper. From the abundant natural light to the attractive blue feature wall and the gorgeous views — it is a place the owner will want to spend their time.
Spanish handcrafted tiles were used to create a unique splashback in the kitchen. It ties in perfectly with the blue tones throughout the house.
The kitchen has high end appliances, a butler’s pantry, stone benchtops and a breakfast bar.
Sliding doors offer easy access to the rear undercover deck, creating a seamless indoor/outdoor option for alfresco dining.
Soak in the tub.
Indoor-outdoor flow.
The cute cubby.
An enclosed lounge means there’s room for everyone to relax while the functional streamlined laundry can be found by the main bathroom.
The master bathroom is incredible with its contemporary tiles, a modern glass shower enclosure and freestanding bath.
Three of the four bedrooms offer large windows, built-in wardrobes with mirrored sliding doors and soft carpeted flooring.
The master suite, located on the opposite side of the home, is a luxurious parent’s retreat.
A gorgeous large window offers scenes of the surrounding native bushland that can be enjoyed from bed over a morning cup of fresh coffee.
An amazing walk-in wardrobe and impressive ensuite add to the appeal. There is a separate study or home office by the master also.
Work the angles.
Comfortable living.
A beautiful bathroom.
Outdoors, the undercover entertainment deck and fire pit area are a true highlight.
A cute cubbyhouse is ready and waiting for make believe magic.
The yard’s enormous shed has three-phase power, its own septic, a wood heater, shower and toilet.
The property is on town water, has a 6.7 energy rating, satellite NBN and while country in feel, it is in a garbage collection area.
Nick said a property of this calibre — in such a stunning natural location and sporting so many entertainment options and family-friendly features — was sure to appeal to a wide variety of potential buyers.
“This outstanding property offers a stylish and modern oasis with a friendly farm feel — truly the best of both worlds, and yours for the taking,” he said.
No.238 Howden Road, Howden is listed with Harcourts Signature and priced at “Offers over $995,000”.
The post Heavenly Howden home is hot property appeared first on realestate.com.au.
Ben and wife Elise Keeler with their children, Arabella and Luka at their rental property in Helena Valley near Perth. Picture: Tony McDonough.
Residential rents have slumped to new lows during the COVID-19 pandemic – and while that’s good news for tenants, the downturn also comes with a significant silver lining for investors.
According to consumer price index (CPI) data released Wednesday, over the June quarter national rents fell by -1.3 per cent. This is the greatest and first quarterly decline on record.
Rental yields have also slipped to record lows.
RELATED: City where tenants offered free rent, bills and Netflix
However rental searches on realestate.com.au are up 39 per cent over the June quarter. Data from those searches reveals that tenants and prospective tenants are looking more often and looking for longer.
The volume of ‘high-intent’ search activity on the site is up an incredible 75 per cent over the same period.
It is a good time to be a renter, like Sydney’s James Rogers. Picture: Richard Dobson
“The results are a clear indicator of how COVID-19 has changed the property market dynamic,” REA Group Director of Economic Research, Cameron Kusher said.
“Rental rates are coming under pressure from multiple sources. We have virtually no migration, there is new stimulus encouraging purchasing from first home buyers who otherwise may have been renters, and then there’s the fact that unemployment is rising, and younger people are most affected.
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“With a moratorium on rental evictions in place until September, the next quarter is unlikely to see rental CPI fall as severely. Thereafter it is likely rental rates will fall further and will take quite some time to recover to previous highs.
“The high demand on realestate.com.au is likely due to the possibility of finding cheaper and or better rentals, as evidenced by the CPI data.”
Properties such as this high-rise apartment in Sydney’s west are being advertised with free rent.
Shona Armstrong-Smith, Director and Property Manager at Century 21 Armstrong-Smith said she has witnessed those unusual concurrent factors of falling rent and rising search activity on the ground.
“While we agree that the rent prices are falling we have still been very busy leasing properties,” she said.
“There are a lot of properties available. The rents are lower than they were due to the number of properties available and the fact that many people have lost income during this time and so they cannot afford to pay the rents they were paying previously.
“It is not a market that landlords or agents are used to but we are still managing to lease a lot of properties by listening to the market which is positive.”
Nicholas Armstrong-Smith (L), Shona Armstrong-Smith and Century 21 Australasia chairman Charles Tarbey.
How rents are costing less
According to a report from property data provider CoreLogic: “Annualised growth in national rent values was just 1.1 per cent in the five years to June 2020, compared with annualised growth in the selected living cost index of 1.4 per cent in the five years to March for employee households. In other words, rents have generally seen softer growth than the growth in general cost of living for most households.”
Therefore the rise in rent has, more recently, has failed to keep pace with other living costs and the CPI, which is a good result for tenants, especially when you take into consideration sluggish wage growth.
Positives for landlords
Research from CoreLogic has revealed that almost 88 per cent of the 72,500 homes resold in the March quarter did so for a profit. That was down by 1 per cent on the December quarter – a good indication of how the market is holding up under the pressure of COVID-19 and far from the price crash of 30 per cent predicted by some.
Therefore, in most cases the value of units and homes owned by investors and landlords haven’t slumped due to the pandemic.
MORE:
How COVID-19 has changed what we want in our homes
‘Mini’ budget provides big hopes for real estate
Home values are remaining stable, despite COVID-19 in a good sign for landlords.
And despite the lack of rental growth over the last five years, the average annual rise in dwelling values over the same period has been 2.9 per cent (3 per cent in the combined capitals) during a period of strong market downturn. Over the last 12 months values have jumped nationally by 8.3 per cent, 9.7 per cent in the combined capitals, according to Core Logic.
Over the same period rent values grew just 0.7 per cent.
All this data points to the fact that if you do own property, it has significantly grown in value over the past five years and indeed over the past 12 months.
Another factor on the plus side for investors is that record low mortgage rates are set to stay this way for years to come.
You might be able to afford that place with a pool now.
New mortgage rates hit a record low of 3.15 per cent in May, according to the RBA.
However, rent yields crashed to a record low of 3.4 per cent in the June quarter in Sydney, while in Hobart they slumped to a record low of 4.8 per cent.
The unusual conditions, are highlighted by the highest rental yield in the June quarter being in Darwin with 6.8 per cent. However annualised capital growth in the Northern Territory capital was -9.8 per cent over the last five years.
MORE:
Is ‘armchair investing’ for you?
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Units have been hit hardest nationally, rents on those dwellings fell 1.4 per cent in the last quarter. However unit values declined just 0.3 per cent in the COVID-19 hit economy.
From coast to coast, unit yields have sunk to 4 per cent. This is the lowest yield on record for Australian units, according to CoreLogic.
The post Australian rents have experienced their biggest quarterly drop ever appeared first on realestate.com.au.
112-118 Fyans St and 1 Victoria St, South Geelong, are on the market.
More residential development is on the cards for South Geelong as buyers eye the possibilities of a mixed use site now on the market.
Two owners holding separate properties in the suburb’s commercial precinct have combined their interests to create a 1506sq m site with two street frontages at 112-118 Fyans Street and 1 Victoria Street.
Price hopes for the combined properties is more than $3 million. Offers close August 14.
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112-118 Fyans St and 1 Victoria St, South Geelong, are on the market.
112-118 Fyans St and 1 Victoria St, South Geelong, are on the market.
Maxwell Collins, Geelong agent Don Hough said the properties straddle several titles and four separate tenancies.
But being on a corner site, buyers were looking at the long-term implications that development options provided.
Geelong’s council rezoned the whole block from Industrial 1 to Mixed Use in the past decade under a plan to encourage more residential development near the north bank of the Barwon River, leaving options for buyers to explore commercial and office use, with potential for residential apartments above ground floor.
112-118 Fyans St and 1 Victoria St, South Geelong, are on the market.
A draft South Geelong Urban Design Framework, which excluded this section of the suburb from the study area, proposed allowing redevelopment around the train station and along Moorabool Street between the railway and Fyans Street to include residential and commercial buildings up to seven storeys high.
Mr Hough said he was quoting around $2.5 million for the Fyans Street building, plus around $550,000 for the separate complex in Victoria Street.
Three of the four tenancies were currently occupied, provided investors with a significant holding income while they planned their next move, Mr Hough said.
“We’re keen to sell the whole lot as a redevelopment site,” he said.
“As a corner site, it’s a great location where the zoning allows for a redevelopment, focus on residential upstairs, commercial downstairs.
112-118 Fyans St and 1 Victoria St, South Geelong, are on the market.
“It’s a long-term project that will do very well,” Mr Hough said.
The properties neighbour the Valley Inn hotel and are walking distance to Little Creatures’ Swanston St brewery and the South Geelong train station.
South Geelong has become a busy enclave, with several residential development projects leveraging the locality, near the train station, one of the city’s busiest commuter hubs.
A multi-townhouse development at 259-263 Bellerine Street is under construction, while another project is earmarked for Barwon Water’s former depot just across the railway tracks.
“I think that people have recognised the area of South Geelong, east of Moorabool Street, is a nice little pocket,” he said.
“It’s very close to South Geelong railway station and arterial roads at either Moorabool St and High St or the Princes Highway.
“With Barwon River very close by, that precinct lends itself to be a good recreational area.”
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The post Residential, office potential in South Geelong super site appeared first on realestate.com.au.
A sun-kissed Ray White Double Bay agent, Warren Ginsberg, appears with a beer in his hand, showing off his pecs and six-pack.
One real estate agent blames his hairdresser. Others say they have “no idea” how they got on a fun new Instagram page called “Australia’s Sexiest Agents”.
The new page — which had its first post only nine days ago and is described as “a carefully curated catalogue of Australia’s hottest real estate agents” — already features 11 of the peeps in various stages of undress from Australia and even New Zealand.
MORE:
Sex toy couple snap up penthouse
The site advises: “Only refer agents who can have a laugh.” And viewers are even encouraged to give some of them a “rating out of 10”.
And it seems likely this rating is based on sex appeal rather than their ability to sell property.
Though those on the page — coincidentally? — are some of the top-performing sales agents in the country. Sex sells.
View this post on InstagramA post shared by Top Sexiest Estate Agents (@australias_sexiest_agents) on Jul 21, 2020 at 4:53pm PDT
One of the early posts is a sun-kissed Ray White Double Bay agent, Warren Ginsberg, who appears with a beer in his hand, showing off his pecs and six-pack, on a glamorous holiday somewhere.
“It was in Bali,” the no. 2 agent for Ray White in NSW revealed when contacted. “It was before lockdown, when I was taking my gym a bit more seriously.
“My hairdresser sent it in as a joke … and everyone’s having a bit of a laugh about it!”
View this post on InstagramTalisa Paris of Ray White @talisainparis
#realestate #sold #hot #instababe #ınstagood
A post shared by Top Sexiest Estate Agents (@australias_sexiest_agents) on Jul 27, 2020 at 4:45pm PDT
But it’s not just male agents — there are women, too.
Talisa Paris, 25, of Melbourne Real Estate, was invited to appear and the producers of the site used some sexy images they found on her Instagram account.
“They asked if I’d mind and I thought, yeah sure, why not, it’s a bit of fun,” Paris said.
Three images are used, some of her on a boat in Bali and others of her at Port Douglas.
“Normally at this time of the year when it’s a bit quieter I’d be in somewhere like Bali or Europe, but obviously not this year,” she said.
“I’ve had a fair few reactions to it — quite a few messages.
“People often see real estate agents as being overconfident or egotistical, but I think it’s pretty funny to have Australia’s sexiest agents all in one place.”
View this post on InstagramA post shared by Top Sexiest Estate Agents (@australias_sexiest_agents) on Jul 22, 2020 at 11:14pm PDT
An award-winning Perth agent, Brad Triplett, of Arena Real Estate, also appears with the intriguing caption “When he’s not running marathons, he’s running through your girlfriend’s mind.”
Also there’s Ray White’s No. 1 top-performing agent in NSW for the past seven years and global number one for the past two years — Gavin Rubinstein — who says he has “no idea” how he got on there.
View this post on InstagramA post shared by Top Sexiest Estate Agents (@australias_sexiest_agents) on Jul 26, 2020 at 11:36pm PDT
But he’s looking like he’s just stepped off a runway in a Milan fashion shoot and he’s got plenty of fans. “I’d pay HIM to work for him,” one said.
LJ Hooker Double Bay’s David Malouf — one of the top performing agents in the LJ Hooker Network — is also looking dapper, casually leaning on a railing at the open home of a luxurious apartment in Sydney’s Darling Point.
View this post on InstagramA post shared by Top Sexiest Estate Agents (@australias_sexiest_agents) on Jul 21, 2020 at 11:35pm PDT
And a New Zealand agent, Ethan Yearbury, is photographed with his ginger tabby moggy and scores a 10 out of 10 from one viewer.
The spiel advises that COVID-19 didn’t make a dent to Ethan’s income, signing listings or his sex appeal.
View this post on InstagramA post shared by Top Sexiest Estate Agents (@australias_sexiest_agents) on Jul 21, 2020 at 12:47am PDT
Ethan Yearbury is a licensed agent, Sales Associate and area specialist at Ray White, working alongside Jared Cooksley of #TeamJared to serve the residents of Mangere Bridge and the surrounding suburbs. ?/10 – decide fans ~ leave your rating below 
#realestate #hottestbabes #sexy #instamodel #sexy #hotmenwithpuppiesThe producers of the site have been contacted for comment.
The post Australia’s sexiest real estate agents Instagram page: ‘Only refer agents who can have a laugh’ appeared first on realestate.com.au.
Ben and wife Elise Keeler with their children, Arabella and Luka at their rental property in Helena Valley near Perth. Picture: Tony McDonough.
Residential rents have slumped to record lows during the COVID-19 epidemic and while that’s good news for tenants the downturn also comes with a significant silver lining for investors.
According to consumer price index (CPI) data released on Wednesday, over the June quarter national rents fell by -1.3 per cent. This is the greatest and first quarterly decline on record.
Rental yields have also slipped to record lows.
However rental searches on realestate.com.au are up 39 per cent over the June quarter. Data from those searches reveals, tenants and prospective tenants are looking more often and looking for longer. The volume of ‘high-intent’ search activity on the site is up an incredible 75 per cent over the same period.
It is a good time to be a renter, like Sydney’s James Rogers. Picture: Richard Dobson
“The results are a clear indicator of how COVID-19 has changed the property market dynamic,” REA Group Director of Economic Research, Cameron Kusher said.
“Rental rates are coming under pressure from multiple sources. We have virtually no migration, there is new stimulus encouraging purchasing from first home buyers who otherwise may have been renters, and then there’s the fact that unemployment is rising, and younger people are most affected.
MORE
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“With a moratorium on rental evictions in place until September, the next quarter is unlikely to see rental CPI fall as severely. Thereafter it is likely rental rates will fall further and will take quite some time to recover to previous highs.
“The high demand on realestate.com.au is likely due to the possibility of finding cheaper and or better rentals, as evidenced by the CPI data.”
Properties such as this high-rise apartment in Sydney’s west are being advertised with free rent.
Shona Armstrong-Smith, Director and Property Manager at Century 21 Armstrong-Smith said she has witnessed those unusual concurrent factors of falling rent and rising search activity on the ground.
“While we agree that the rent prices are falling we have still been very busy leasing properties,” she said.
“There are a lot of properties available. The rents are lower than they were due to the number of properties available and the fact that many people have lost income during this time and so they cannot afford to pay the rents they were paying previously.
“It is not a market that landlords or agents are used to but we are still managing to lease a lot of properties by listening to the market which is positive.”
Nicholas Armstrong-Smith (L), Shona Armstrong-Smith and Century 21 Australasia chairman Charles Tarbey.
How rents are costing less
According to a report from property data provider CoreLogic: “Annualised growth in national rent values was just 1.1 per cent in the five years to June 2020, compared with annualised growth in the selected living cost index of 1.4 per cent in the five years to March for employee households. In other words, rents have generally seen softer growth than the growth in general cost of living for most households.”
Therefore the rise in rent has, more recently, has failed to keep pace with other living costs and the CPI, which is a good result for tenants, especially when you take into consideration sluggish wage growth.
Positives for landlords
Research from CoreLogic has revealed that almost 88 per cent of the 72,500 homes resold in the March quarter did so for a profit. That was down by 1 per cent on the December quarter – a good indication of how the market is holding up under the pressure of COVID-19 and far from the price crash of 30 per cent predicted by some.
Therefore, in most cases the value of units and homes owned by investors and landlords haven’t slumped due to the pandemic.
MORE
How COVID-19 has changed what we want in our homes
‘Mini’ budget provides big hopes for real estate
Home values are remaining stable, despite COVID-19 in a good sign for landlords.
And despite the lack of rental growth over the last five years, the average annual rise in dwelling values over the same period has been 2.9 per cent (3 per cent in the combined capitals) during a period of strong market downturn. Over the last 12 months values have jumped nationally by 8.3 per cent, 9.7 per cent in the combined capitals, according to Core Logic.
Over the same period rent values grew just 0.7 per cent.
All this data points to the fact that if you do own property, it has significantly grown in value over the past five years and indeed over the past 12 months.
Another factor on the plus side for investors is that record low mortgage rates are set to stay this way for years to come.
You might be able to afford that place with a pool now.
New mortgage rates hit a record low of 3.15 per cent in May, according to the RBA.
However, rent yields crashed to a record low of 3.4 per cent in the June quarter in Sydney, while in Hobart they slumped to a record low of 4.8 per cent.
The unusual conditions, are highlighted by the highest rental yield in the June quarter being in Darwin with 6.8 per cent. However annualised capital growth in the Northern Territory capital was -9.8 per cent over the last five years.
MORE
Is ‘armchair investing’ for you?
How Melbourne lockdown 2.0 will affect Aussie real estate
Units have been hit hardest nationally, rents on those dwellings fell 1.4 per cent in the last quarter. However unit values declined just 0.3 per cent in the COVID-19 hit economy.
From coast to coast, unit yields have sunk to 4 per cent. This is the lowest yield on record for Australian units, according to CoreLogic.
The post Rents have dropped to record lows around Australia appeared first on realestate.com.au.