April 16, 2013 Leave a comment
MARKET CONFIDENCE IS UP, BUT HOW LONG WILL IT LAST?
THE CLEARANCE RATE IS UP, BUT RECOVERY IS UNCERTAIN
First National Real Estate News, Media Releases & Real Estate Industry updates locally & Australia wide
March 1, 2013 Leave a comment
First-home buyers in Melbourne face the challenge of breaking into a tough market.
“First-home owners are in the prime position of being able to lead negotiations and builders keen to work should be willing to come to the party,” he said.
His suggestion comes after recent Australian Bureau of Statistics figures indicated a decline in new home construction.
Source: Herald Sun, Melbourne, 16 Feb 2013
November 5, 2012 Leave a comment
Home owners looking to trade up are being urged to do their homework before deciding to renovate instead.
But he said renovating was sometimes a viable option.
June 25, 2012 Leave a comment
Industry statistics show the median house price in Lara was $345,000, with 204 homes sold in the town in the 12 months to February.
June 20, 2012 Leave a comment
The First National Real Estate team has officially opened its new office at the Jetty.
Local franchisee and director Barry Booth and his team celebrated the occasion with representatives of First National’s administration from both Sydney and Melbourne, as well as other First National members from regional NSW.
First National Real Estate yesterday announced that it is the official partner of the 2012 Regional Victoria Living Expo, testimony to its commitment to the communities in which its estate agents work and live.
The 2012 Regional Victoria Living Expo, held from Friday, April 27 until Sunday, April 29, aims to take regional and rural Victoria to Melbourne to showcase the business, lifestyle and cultural riches country Victoria has to offer.
Moving from the city to a regional area provides a range of lifestyle and cost-of-living benefits. But, for many, the best reason of all is the cost of housing.
The dramatic difference between what your money can buy regionally compared to the city is enticing, and often sets families off searching the web for a dream home that has suddenly become affordable. The median dwelling price doesn’t tell the whole story, but in metro Melbourne it is currently $455,000 compared to $324,450 in regional Victoria,’ First National Real Estate spokesman Stewart Bunn says.
Latest property figures show the Belgrave area is the standout performer in the hills, with the suburb bucking the downward trend over January to March 2012.
The figures from the Real Estate Institute of Victoria show the median property prices for houses in Belgrave were $390,750, an increase of 6.7 per cent from the December 2011 quarter.
Can’t live in em, can’t sell em. Rarely would anyone say this of near-new flats a stone’s throw from shops and transport.
But such are the woes of the student rental market that some investors are now taking a loss of more than 30 per cent to get out of it.