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Blog
Day: August 11, 2020
For the eighth week in a row, total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans.
Technology experts share how property owners are using sensor-enabled predictive cleaning to streamline resources and enhance safety amid COVID.
Breezeway is a virtual platform that helps manage which property units have been cleaned. The Series A round was led by firm Schooner Capital.
THE agents selling a Hobart boutique hotel hope a predicted “strong trading upturn” post-coronavirus will lure interested buyers.
Islington Hotel on Islington Hotel Hobart at 321 Davey Street in Hobart, Tasmania is for sale by Colliers International
The award-winning Islington Hotel in South Hobart will go on the market through an expressions of interest process.
Islington Hotel on Islington Hotel Hobart at 321 Davey Street in Hobart, Tasmania is for sale by Colliers International
Real estate agents Colliers International say the 11-room hotel is being sold to allow the hotel’s overseas-based owners to recycle capital to expand other businesses.
Rose Room. Picture Chris Kidd
The sale will be targeted towards “boutique hotel and lodge owner operators, lifestyle investors looking for a tree change and high-end residential buyers”.
Rose Room. Picture Chris Kidd
Agent Karen Wales said the 1847 building was in Regency style, with a curated hotel featuring an art collection within a heritage facade including glass, marble and a sandstone facelift.
Islington Hotel. Picture: RICHARD JUPE
“The potential for additional trading upside also exists by increasing the room count and taking advantage of the strong trading upturn which is projected for Hobart’s hotel market over the medium term,” Ms Wells said.
Agent Guy Wells said the sale offered potential buyers the chance to get into an accommodation market which had been strongly growing.
Wine Cellar. Picture Chris Kidd
“While the events of 2020 are affecting the hotel sector globally, the outlook for the sector remains positive over the medium term, particularly in prominent domestic leisure destinations like Tasmania and specifically Hobart as the major point of entry to the island state,” he said.
The post The 11-room Islington Hotel in South Hobart is on the market appeared first on realestate.com.au.
19/85 Yarranabbe Rd, Darling Point, has sold for $5.4m after just five days on the market.
The Darling Point unit of racing identity David Waterhouse has sold for $5.4m in just five days to an offshore buyer who hadn’t even stepped through the door.
The apartment, 1
9/85 Yarranabbe Rd
, listed with Jason Boon of Richardson & Wrench Potts Point/Elizabeth Bay and Daphne Sauvage of Sotheby’s, is in the famous ‘Santina’ block, which has a north-easterly aspect and direct water access.
View this post on InstagramA post shared by Jason Boon (@jason_boon) on Aug 11, 2020 at 6:09pm PDT
Boon’s post on Instagram, with a picture of a very young Jason sitting down to a meal of juice and cheezels, this afternoon aroused suspicions it may have sold, with his boast: “Good week with 3 sales this week.”
Then Sauvage posted a picture with both Boon and Waterhouse with the words: “JUST SOLD with Jason Boon within a week! $5,400,000.”
The property hit realestate.com.au only last Friday in an expressions of interest campaign and had three bedrooms, two bathrooms and undercover parking.
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19/85 Yarranabbe Rd, Darling Point, has sold to an offshore buyer after just five days on the market.
It has glorious harbour views.
It appears in this week’s Wentworth Courier — out today — with Sauvage saying: “We had good numbers through Saturday’s first open home and it’s generating interest from all over.
“This is the best apartment for sale in Darling Point.”
No wonder it’s sold so quickly.
The outlook from Waterhouse’s fourth-floor apartment is nothing short of incredible: the uninterrupted, never-to-be-built-out view takes in the entire span of the Harbour Bridge, Opera House, Clarke Island, North Head and the boat-studded harbour.
The block has been recently refurbished, and so has the apartment.
No expense has been spared on the renovated property, which offers 157 sqm of internal living space.
Sleep tight.
Iconic outlook.
Among its other attractions are the high ceilings and beautiful Herringbone floors; generous open-plan living space and the well-appointed kitchen.
Sauvage has been involved in two other recent Darling Point apartment sales where the buyer was offshore and hadn’t even been to the property.
The others were: the Thornton St double penthouse owned by car dealer Neil Sutton and his son, Scott, that sold for $7m to an offshore Chinese buyer. The listing agent was Gavin Rubinstein of Ray White TRG but Sauvage introduced the buyer.
And the recent sale at 32/60 Darling Point Rd, which sold for well over its guide price of $3.7m and set a record for the building. That property was being marketed via Sotheby’s.
The post David Waterhouse sells Darling Point unit for $5.4m in five days to offshore buyer appeared first on realestate.com.au.
New member enrollment at Landing, a flexible living company with a leasing model for fully furnished apartments, soared 210 percent month over month in May.
The idea is that most people begin their homeownership journey with a starter home and make their way up to more expensive housing. But is that theory still valid — especially now during a pandemic?
This is where our readers turn whenever they’re looking for advice on growing their business — a particularly difficult task to get right in the midst of this year’s health crisis, shutdowns and market fluctuations.
Looking for a little clarity on this week’s news? Windermere Chief Economist Matthew Gardner dives deeper into the latest U.S. homeownership rates and what they mean.