The trade groups allege that it is Pocket Listing Services’ business model that is anticompetitive and harms homebuyers and sellers.
Blog
Month: August 2020
With a pandemic raging in the background, we know you’ve had to make some tough calls this year. But what was the most important (read: most difficult) decision you’ve had to make so far?
From finding clients to thinking of what to say, there are so many things that run through a new agent’s head. This week, Byron Van Arsdale, a coach and former broker-owner, talks about the most vital things rookies need to succeed.
Leonard Steinberg’s daily email blast is aimed at elevating the dialogue of Compass agents, making the national company feel more connected and creating a referral network.
7 Ashley St, Tamarama, sold for a strong price in post-auction negotiations.
Sydney’s most prolific and renowned tailor, Patrick Johnson, and his interior designer wife, Tamsin, have sold their Tamarama semi for a strong price post-auction.
Ray White TRG principal Gavin Rubinstein and Oliver Lavers had a guide of $5.5m-$6m for the four-bedroom, three-bathroom home with two car spaces and impressive views at 7 Ashley St ahead of last night’s auction.
But it’s sold for well in excess of its base price, which was a strong outcome given the home is attached but no surprise given the expansive views and complete remodel by Tamsin Johnson Interiors.
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The home was renovated by Tamsin Johnson Interiors.
The couple had bought the unrenovated home for $3.85m in 2016.
The uber stylish Tamsin and Patrick Johnson.
With two registered parties and a third waiting in the wings, the property passed in at $5,525,000.
Rubinstein negotiated with all parties up until 10pm without a successful sale, but finally exchanged at 1pm today for “well in excess” of the passed-in figure.
He was tight-lipped on the final result citing a confidentiality agreement, but other sources put the result at a commendable $5.65m.
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McGrath agent Simon Exleton, who made the opening bid of $4.8m on behalf of the purchasers, is now handling the sale of the couple’s Tamarama penthouse.
The Johnsons had bought the unrenovated home for $3.85m in May, 2016 and lodged a DA that November for a new veranda and decking, with a swimming pool and spa.
$5.71M BUYER NAMED
Sotheby’s managing director Michael Pallier with auctioneer Stuart Davies at Saturday’s auction. Picture: David Swift
12 Harkness Street, Woollahra sold for $5.71m. The price guide had been $4.5m.
The buyer of the longtime Woollahra home of Colorbond roof man John Lysaght that sold for a whopping $5.71m on Saturday is Indonesian businessman Jaya Kusuma.
The five-bedroom Victorian residence on a double block (630 sqm) at 12 Harkness Street had been hugely popular, with Sotheby’s managing director Michael Pallier issuing 35 contracts and 11 registering to bid on Saturday. Auctioneer Stuart Davies presided.
The guide had been $4.5m.
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Pallier was keeping mum about the buyer’s identity, but Insider’s contacts spotted a highly visible Kusuma in the crowd.
The man who was doing the bidding was Simon Hanson, the architect who did a renovation of Kusuma’s Victoria Road, Bellevue Hill mansion, purchased for $7m in 2016. He won’t be selling — the Harkness Street home is an investment.
Some speculate that Hanson, who also reworked the Bellevue Hill mansion Rona for Terry Agnew, will design a second residence for the block, as has already occurred across the road.
Lysaght, 91, ran the now BHP subsidiary that makes Colorbond roofs and Zincalume steel in the 1980s.
FRENCH CHARMER
10 East St, Redfern. NSW Real Estate.
10 East St, Redfern. NSW Real Estate.
10 East St, Redfern. NSW Real Estate.
The strong auction results should give confidence to the young French family selling their charming worker’s cottage, tucked in a laneway close by my favourite French eatery, Bistro St Jacques.
The two-bedder at 10 East Street is my pick of those on offer in the increasingly trendy neighbourhood. It’s all style, with spacious updated interiors, a stone kitchen, polished floorboards, full bathroom with tub and a hidden integrated laundry.
And the prospect of spring barbecues in the north-facing backyard will be of appeal to the young professional couples wanting a convenient inner-city home.
With two young kids, the word is this family is bursting at the seams but are apparently not intending to move too far away. They’re on the lookout for something slightly bigger.
Amber Riethmuller and Brigitte Blackman have a $1.3m price guide ahead of a scheduled September 5 auction.
The post Tailor Patrick Johnson and interior designer wife Tamsin sell ‘one-of-a-kind’ Tamarama semi post auction appeared first on realestate.com.au.
In this advice column, Marketing Mastermind Christy Murdock Edgar answers burning questions from the real estate industry at large. This month, she’ll look at three different parts of the equation that answer the question everybody seems to be asking: Where can I find my next listing?
The Byron Bay home of Eddie Phillips has sold.
Byron Bay’s longest listing, Villa Gabrielle homes, has finally been sold by the spa king Eddie Phillips.
It has regularly been on and off the market since 2004, with price hopes ranging from $4.5m to as high at $9.5m, its last known asking price.
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Views from property are stunning.
It last sold in 2002 for $2.36m.
There was a beach shack on the 734sqm Lighthouse Road block when it last sold for $2.36m in 2002.
Phillips commissioned architect Alan Mitchell to design the three-storey house with four bedrooms, five bathrooms and a pool.
Luxury living.
The home is spread across three levels.
The popular $1400 a night rental offering sold through Jeremy Bennett at Byron Bay Property Sales.
Phillips sold the neighbouring Villa Natasha Bonita for $6.3m in 2015.
Phillips made his fortune developing a spa business in Hong Kong.
The post Spa king Eddie Phillips sells Byron Bay home appeared first on realestate.com.au.
Originally home to a Presbyterian minister, this Peppermint Grove manse was saved from demolition by three sisters who remarkably brokered a house swap to own the historic property.
Meredith Goodlet said her mother, Ilma Steel, instigated the deal almost three decades ago after seeing preliminary works to the property at 12 Venn Street that she feared would lead to its demise.
This heritage home has all the period details you’d expect. Picture: realestate.com.au/buy
“My mother and two aunties were walking past one day and saw that it was going to be demolished so they did a deal with the minister who bought their house in McNeil Street, and mum and my aunties got the house in Venn Street,” Mrs Goodlet said.
“The church was planning to build a spec home for the minister because they wanted something a bit more modern, so she told them she had a lovely house they could have.”
The home was painstakingly brought back to its former glory. Picture: realestate.com.au/buy
The purchase of the heritage-listed, four-bedroom limestone cottage for $300,000 in 1992 soon became a “labour of love” to nurture the charming Federation Queen Anne-style residence in Perth’s Peppermint Grove.
“Mum was always interested in old houses,” Mrs Goodlet said.
“She fixed the leadlight down the side and went to leadlight classes to learn how to do it, so it was really a labour of love. She also got the garden back to a cottage garden.”
Built in 1905, the old manse is deemed culturally significant because of its connection to the first Christian ministry in the suburb.
Set on a 702sqm lot, it has four bedrooms, a quaint veranda and has retained hallmarks of its vintage, including decorative stained glass doors, original pine timber flooring in the hallway, ceiling roses and a feature fireplace.
Heritage Council of Western Australia documents said the manse’s construction was significant because it indicated a need for a full time minister to serve the area.
The home’s details speak to days gone by. Picture: realestate.com.au/buy
“The manse has some historical significance in its own right, however its historical significance is greater as part of a cultural group,” the heritage listing states.
The property, which is being marketed by Deborah Brady, from Ray White Cottesloe-Mosman Park, will go to auction on Saturday, 22 August at 11 am.
The post Peppermint Grove manse saved from the wrecking ball seeks new custodian appeared first on realestate.com.au.
COVID-19 will affect Melbourne’s new homes market in a variety of ways, but could be good news for those still looking to buy.
Victorian builders face a more than 16,000 home shortfall this financial year and a decade long headache caused by COVID-19.
But those looking to buy a new home could be thousands of dollars better off by 2021.
New figures released yesterday by the Housing Industry Association show Australia’s new homes pipeline will be 28,000 starts behind pre-virus expectations by 2030.
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Melbourne will be the nation’s hardest hit city in the short term, with almost 13,000 apartments to be wiped off builders’ books by July next year.
HIA chief economist Tim Reardon said while this would see some builders relocate from Melbourne to Perth, it would also see builders offer lower prices to compete for fewer buyers.
It should also mean homes were built faster, Mr Reardon said.
More competition between builders should benefit Victorian homebuyers.
Separate figures from Research4, which specialises in land sales, forecast the city’s $320,000 median block of land will fall $4000 by the end of the year and a further $2000 by March 2021.
Speaking at an Urban Development Institute of Australia Victorian chapter event yesterday, Research4 director Colin Keane said developers would need to match falls in the wider real estate market.
While this would be a “distant second prize” for buyers who missed out on $25,000 HomeBuilder grants on offer this year, he warned hundreds hoping to get the cash would miss out due to time constraints.
Mr Keane forecast Melbourne developers working through the lockdown could produce up to 3700 lots that would be titled for building to commence within the scheme’s timeline. This includes several hundred that had been rejected by buyers for months already due to issues with their shape or location.
He estimated up to 4400 potential customers seeking HomeBuilder eligible blocks could emerge in October after waiting out the current stage four lockdown, but any left behind would not return until at least March next year.
“There’s likely to be insufficient land or builders won’t be able to start work in time,” Mr Keane said.
“So that demand will either walk away or buy without the grant. And I think most will take their time.”
Victoria’s land developers will work to title as much land as possible before HomeBuilder grants are removed from the market at the end of December.
Urban Development Institute of Australia Victorian chief executive Danni Hunter said the new figures highlighted the need for government and industry to have “all the cogs in the wheel working to get as much titled land to market as possible”.
“This will help as many Victorians have the opportunity to get their hands on that money as possible,” Ms Hunter said.
She added that for those unable to do so, the aftermath of COVID-19 would provide ideal buying conditions.
“It will be a really fantastic time for buyers to get into their new home, mostly because of the competition we think there will be,” Ms Hunter said.
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The post Builder pain to create ‘second prize’ silver lining for buyers appeared first on realestate.com.au.
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
A converted church property offers the opportunity to own a slice of SA history and run the business of your dreams in a truly heavenly location.
The Auburn property at 85 Skilly Rd has been renovated throughout, and offers the best of both worlds – a fantastic place to live, and the perfect opportunity to start a small business.
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Jeff and Chiggy Schiller bought the home 12 years ago, attracted by its location and unique offering of an old-meets-new property with income potential.
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
“We bought it on the eighth of the eighth in 2008 – a very auspicious date,” Mr Schiller says.
“We fell in love with it as soon as we saw it and bought it.
“It was so beautiful and peaceful out here and that’s what we were looking for.
Mr Schiller was living with his Japanese wife Chiggy in Perth and, having grown up in Port Augusta, was looking to return to SA.
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
“I’m a geologist and came back to South Australia because it always seemed like home,” he says.
“We lived for a little while in Clare and I used to go on tours around the district looking for something a bit more rural, and as soon as I saw this place I knew it was the one.”
The property had already been partly restored and upgraded when they bought it, with the couple adding a modern upper level to make the most of the property’s stunning views.
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
“The property fell into ruins until the 90s when a woman, Fran Gerard, bought it, and prior to that there’d been a couple of guys who had worked on a cottage here – which was a former manse or the former schoolteacher’s accommodation – so she did some tidy-up work on that and built a function centre around it and completely refurbished the church,” Mr Schiller says.
“She ran it as a business for a while and lots of local weddings were held here, and then when she decided to sell and we bought it, we were very keen to live here.
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
“We were keen to take in the views of the valley, so we built up and put on some living space upstairs and completely changed the layout of it.
“We had some ideas of our own and used a local architect with some input from the heritage people and used a great local builder.
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
“We are proud of it – our addition is more modern but we tried to make something that showed the separate parts without copying the old style but still blending nicely together.
“In the beginning we were looking at running it as a meeting room – hosting low-key events – and we had a few functions here but in the end decided we were keen to just live here.”
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
The church was built in 1862, Mr Schiller says, with the rest of the property steeped in history too.
“It has a wonderful historic feel – there’s a cemetery nearby with some pioneers there,” Mr Schiller says.
The home sits on a 40.87ha block and features a 1000-tree olive grove, a 750-tree carob grove and two dams. Mr Schiller says it is the ideal spot for a business.
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
“It would be a wonderful cellar door and if people wanted to invest, I always had a dream of putting a couple of those eco pods cabins on the property – the views from the property in every direction are wonderful – you could have a BnB business, or a little olive oil business or a wine–selling business as there’s plenty of room to plant vines,” he says.
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
“I’d love someone who loves it to take it on, and it would be great for someone who wants to invest and has a project in mind – it has a beautiful basis for a project to take off and there are all kinds of possibilities, there’s no doubt you could make some money if you wanted to put some investment and energy into it.”
“It’s a beautiful place – it’s an absolute secret this place.”
85 Skilly Chapel Road, Auburn. Supplied by Harcourts Packham
The couple are now embarking on a treechange, and are heading for the Adelaide Hills.
“I’m a country boy, I need some trees around me,” Mr Schiller says.
The property will be auctioned through Bianca Browse of Harcourts Packham Property on Saturday, September 19 and has been listed without a price guide.
The post Livin’ on a prayer in stunning Auburn church restoration appeared first on realestate.com.au.