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The brand is setting up shop in the suburbs north of New York City — just as President Trump seeks to characterize it as “ground zero” for crime.
NAR Chief Economist Lawrence Yun said he believes home sales will be slightly ahead of 2019, and then up even more in 2021, rising 8 percent year over year.
After 10-straight weeks of mortgage loans in forbearance declines, the total number of loans in forbearance appears to have flattened out at 7.20 percent.
The acquisition will allow the company to increase its international footprint since Stratis IoT is currently used in over 380,000 units across the globe.
THE developers of a subdivision in central Kingston say they are receiving a “strong level of inquiry from interstate” for the up-market residences at the prime site.
New South Wales and Queensland-based developers Traders in Purple have been engaged by Kingborough Council to run the residential and commercial subdivision in the former Kingston High School site.
There are 80 homes for sale under stage one of the Kings Quarter subdivision.
Construction is set to begin in 2021.
Traders In Purple’s Development Director for Tasmania Jennifer Cooper said the starting price for homes in stage one, known as Birchs Row, was $660,000.
Ms Cooper said the development was aimed at downsizers, professionals and young families.
“We’re seeing a real mix of people coming through,” Ms Cooper said.
“There has also been a strong level of inquiry from prospective interstate purchasers.”
The residential subdivision forms part of a $300 million masterplanned precinct in the grounds of the former Kingston High School.
Kingborough Council’s public open space and $7 million mega playground is currently under construction.
Kingborough Mayor Dean Winter said it was great to see progress at the site after years of negotiation with the state and federal governments.
“Our investment in infrastructure and community spaces will balance the residential and commercial developments, which will transform Kingston into being a place to work, shop, and play,” Cr Winter said.
State Growth Minister Michael Ferguson said the development would meet the varying needs of the local community.
“It is a massive vote of confidence in the Tasmanian economy,” Mr Ferguson said.
“It’s exactly what we need at this time as we recover from the pandemic.”
The Kingston Park project received a $2.8 million through the Commonwealth’s Building Better Regions Fund.
The post Stage one of the Kings Quarter subdivision will include 80 homes appeared first on realestate.com.au.
Former footballer and Triple M footy commentator Michael Roberts has sold 7 Soudan Street, Malvern.
The final siren has sounded on selling campaigns for the striking homes of past and present St Kilda players.
Footballer-turned-commentator Michael Roberts found a buyer for his impressive Malvern home on the brink of Melbourne’s stage four lockdown.
The price achieved by the 1884-built Victorian — which the former St Kilda, Richmond and Fitzroy player and his wife Andrea thoroughly renovated — is being kept confidential. The 7 Soudan Street property most recently had a $3.3-$3.6m price guide.
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Roberts and his wife Andrea beautifully renovated the Malvern home. Picture: Sarah Matray
This open-plan living, dining and kitchen area was popular with buyers.
Jellis Craig Stonnington partner Carla Fetter said her agency sold the four-bedroom house to a young, upsizing family from Armadale within three weeks of taking over the listing from another agency.
The buyer had to go head-to-head with another interested party to win the keys after they “instantly fell in love with the house”, she said.
“It’s in a great location, and Michael and Andrea did an amazing renovation,” Ms Fetter said.
“The real sell for the house was that back living and kitchen area.”
The house sold to a family from nearby Armadale.
The Roberts’ reno included installing a pool.
Roberts previously told the Herald Sun he and Andrea had shared the home with daughters Charlotte, Amelia and Phoebe since 2006, when CoreLogic records show it sold for $1.375m.
Roberts said it was “a little double-fronted Victorian” then.
He and his wife initially made small improvements before diving into the “full-blown reno” about four years ago. This involved retaining the home’s “old-world look” while also adding a second-storey main bedroom suite, the open-plan living and kitchen space that was so popular with the purchasers, and a backyard pool.
The hotel-like main bedroom suite.
The Victorian retained period charm.
“We spent a bit of dough on it — we put in steel windows upstairs, they’re quite expensive, (plus) big Italian tiles and new floorboards. But to me, the place required that,” Roberts said.
He added he’d loved watching the footy in “the best room in the house”: the sitting room.
The 61-year-old — who’s now a Triple M commentator, and previously worked as a model on Sale of the Century, and as a TV present and journalist — sold to downsize, but admitted he was reluctant to say goodbye to the “bloody nice house”.
Meanwhile, AFLW player Claudia Whitfort and her highly rated netball coach mother, Jess, also sold their Frankston South home for a figure within the $2.7-$2.9m quoted range.
The family home of AFLW player Claudia Whitfort at 24 Chetwyn Court, Frankston South has also sold.
Whitfort in action for the Saints. Picture: Michael Klein
RT Edgar Mt Eliza director Vicki Sayers said the buyers — a local woman and her partner, who had an acreage-type property further down the Mornington Peninsula — planned to make the 7800sq m property a family home for them and their kids.
“This home offered them the feeling of being in a rural space, with room for four kids between them, (plus the) convenience of being close to shops and schools,” Ms Sayers said.
Inside the charming farmhouse-style home.
The buyers planned to share the house with their four kids.
The Whitforts had called the five-bedroom house at 24 Chetwyn Court home since 2011.
Claudia joined St Kilda last year, having shifted clubs from Melbourne, who selected her in the 2017 draft while she was still in Year 12.
The sale followed Jess — the 2019 Netball Victoria Coaching Excellence award winner — moving the rest of the family up to the Sunshine Coast to take on a new coaching role.
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More Victorian houses were approved for construction in July than any month since 2018.
More than 3000 new houses will be ready to commence construction across Victoria by the end of October after the state recorded its strongest housing approval figures since 2018.
But the number of those added to the state’s construction pipeline and economic recovery before the Melbourne Cup will depend on how rapidly builders can exit stage four restrictions.
New houses account for almost 3300 of the 5064 dwelling approvals recorded across the state in Australian Bureau of Statistics figures for July.
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Across all builds, including apartments and units, the figure represents a 400 home (9.3 per cent) jump from June, still below figures seen earlier in the year.
But for new houses, the figure is the highest since October 2018.
Housing Industry Association chief economist Tim Reardon said while July approval figures were up nationwide, they were linked to sales made up to eight months prior and reflected builders’ confidence returning after the first lockdown rather than buyer demand.
The latest figures show builder confidence, rather than buyer demand.
“All you can tell from this data is that the number of slabs poured in three months time will reflect these numbers,” Mr Reardon said.
State Jobs Minister Martin Pakula yesterday confirmed the industry would be part of the state government’s road map out of lockdown being announced on Sunday.
Under stage four, new house construction is limited to five tradies on site at one time, with a cap on the number of sites they can attend a week, while larger builds are limited to 25 per cent of their normal workforce.
Restrictions currently limit the number of trades people allowed on site at new builds.
HIA Victorian executive director Fiona Nield said how fast the industry could turn the approvals into jobs would hinge on decisions being made this week.
“It will depend on how the restrictions are eased going forward, but I expect some of the home builders will be trying to play catch up,” Ms Nield said.
“But inevitably there are going to be some delays.”
Woodlea project director Matthew Dean said the Aintree housing estate being developed by Mirvac and Victorian Investments and Properties could ramp up to 50-75 per cent of its workforce on site rapidly once they were cleared to do so.
The Woodlea estate has almost 500 houses under construction already.
“We have the workforce there waiting to go,” Mr Dean said.
At present they are slowly progressing 500 new homes, preparing another 300 lots for construction and building the community’s town centre.
Urban Development Institute of Australia Victorian chief executive Danni Hunter said weaker figures for multi-unit development were still a concern.
She said while that part of the industry had the potential to deliver large numbers of jobs, it may need further government assistance.
Despite this, the industry was well placed to kickstart the state’s economy, Ms Hunter said.
“The bottom line is we have proven we are really good at working hand in glove with government and health requirements as an industry,” Ms Hunter said.
To date, developers and builders have used a mix of social distancing, on-site temperature checks and mobile COVID-19 tests to stop the virus’ spread.
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TOWNSVILLE’S prestige market continues to see strong results, with a luxury house complete with its own exclusive marina berth selling for $2.3 million during the height of Queensland’s pandemic crisis.
Located at 8/48-55 Sir Leslie Thiess Drive, the luxurious property is the city’s top sale so far this year, and was designed by Greg Van Dinter and built by Glenn Sexton Constructions. It was sold by Ray White’s Julie Mahoney, who has dominated the top sales list so far this year, taking out four of the top five spots. Ms Mahoney’s other top sales have been in North Ward and on Castle Hill.
Julie Mahoney PICTURE: MATT TAYLOR.
“The prestige market is in high demand, particular in that $1 million to $1.5 million bracket,” Ms Mahoney said.
“I am getting multiple buyers for million-dollar properties … and it is all local interest. They are retirees, business people, medical professionals, its across the board so there is confidence returning again.”
Castle Hill retains its crown as Townsville’s most expensive suburb with a median sales price of $865,000, albeit it has seen a drop of 5.7 per cent over 12 months.
Castle Hill and The Strand
North Ward holds the second spot with a median sales price of $642,500, but the beachside suburb posted a whopping 23.6 per cent increase over 12 months.
Interestingly, the realestate.com.au data shows that the other three top spots were taken out by suburbs away from the city.
They were Alice River, Jensen and Alligator, with those largely acreage suburbs recording median sales price increases of 19.3 per cent, 32.2 per cent and 24.1 per cent respectively.
The other property to land a spot on the top 5 sales list was 30 Palm Street at Rowes Bay, which was sold by Tracey Stack of M Property Townsville. Ms Stack said finding the right buyer was key. She said she was seeing an increasing number of buyers in the $1.5 million to $3 million price bracket.
30 Palm Street at Rowes Bay sold for $1.65 million
“I think there has been more buyers in that top end than we have seen in years,” she said.
Ms Stack attributed that to high-wage earners in the defence, health, university and infrastructure sectors, plus the influence of low interest rates and a change in priorities.
“I think when people were in lockdown the value of having a home they felt comfortable in became more apparent,” she said.
“A lot of buyers have also been looking for a home they can work remotely from.”
That has included increased interest from both intrastate and interstate buyers and investors.
“I have seen a lot more inquiries from Victorians … I recently also had two buyers, one from the ACT and the other from NSW, who took the opportunity to move north before the lockdown,” she said.
“People are wanting more space, more comfort, and to be living in a place they really want to live.”
“I have even had inquiries from some organisations looking to regionalise some of their workforce.”
Ms Stack said that the silver lining of the pandemic could be a population shift towards the regions.
“There has been a noticeable shift in sentiment because movements have been restricted, forcing buyers to really think about where and how they want to live,” she said.
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