Auction preview 30 and 31 October

October 29, 2010 § Leave a comment

  • Last weekend: 1,126 auctions, clearance rate of 67 per cent
  • This weekend last year: 338 auctions, clearance rate of 83 per cent
  • This weekend 2008: 176 auctions, clearance rate of 66 per cent

Comment

Unlike the past few years, the market is delivering stable and consistent outcomes. It’s also clear that conditions continue to be very favourable to buyers.

This fact was highlighted last weekend, when there were over 1,000 auctions and the proportion sold was consistent with previous weekends.

Some suburbs are defying the trend; last weekend four suburbs achieved perfect clearance rates: Collingwood, North Melbourne, Carnegie and Nunawading.

The REIV expects current strong levels of listings until Christmas and sees no evidence that the clearance rate will vary substantially from the current position.

This is a good spring to be a buyer, especially of homes being offered at auction.

Source: REIV

A dash of style goes a long way in a tight market

October 26, 2010 § 1 Comment

Presentation is crucial to achieving the highest price. Real estate agents will tell you they no longer sell property. These days, they’re selling a lifestyle.

Perception and emotion play as much a part in the sale of a property as the actual building itself, and increasing numbers of vendors are finding property styling not only helps a home sell, but often helps it sell for well above market value.

Essentially, styling a property means presenting it in its best possible light. ‘‘Presentation is just so important to getting the highest price,’’

Read more…

Docklands: Future visions

October 26, 2010 § Leave a comment

Ten years after work began in Docklands, it is home to thousands of residents and hundreds of offices, but it is still thought of as a soulless, corporate wasteland. As the precinct prepares for the next decade, can it shake off its bad reputation?

Developing and providing for this community will be the focus of the second decade of Docklands. For 10 years, private developers have dominated the transformation of the 190-hectare waterfront site, investing more than $6 billion in commercial and residential high rises and snapping up 98 per cent of all developable land. As the population is predicted to grow from 6000 to 15,000 and the number of workers to double by 2021, critics say it’s about time planning authorities shifted their attention to the needs of the people who live and work here.

Read the full article here

Nine moves key shows to Docklands

October 26, 2010 § Leave a comment

The Nine network will shoot its Melbourne-based productions from the Melbourne Docklands Studio from next year.  

Nine has signed a five-year deal to move productions including Millionaire Hot Seat, The Footy Show and the coming National IQ Test from their traditional Richmond base to Docklands’ Sound Stage Four and then Sound Stage Five in a year after it is re-fitted with motorised lighting systems, control rooms and storage facilities.

Read more…

Power price shock hits households

October 21, 2010 § Leave a comment

 

Electricity bills have shot past $3200 a year for some Victorians amid soaring prices and blowouts in energy use.

And annual costs could hit a shocking $10,000 for big households in five years if a carbon tax is introduced, an analyst warns.

Exclusive research on the state’s residential power bills reveals the biggest are in Guys Hill on Melbourne‘s eastern outskirts, Mickleham, Curlewis, southeast of Geelong, and Merricks North on the Mornington Peninsula.

Areas with the lowest median bills include Flemington, Golden Beach in Gippsland, Jacana in Melbourne’s north and Carlton.

The cost of bills are influenced by price, location, how large and energy-efficient homes are, how often people are at home and whether there is electric or gas heating and hot water.

Read more…

Spring is in the air!

October 13, 2010 § Leave a comment

The sun is starting to shine, grass is being cut and the sweet scent of blossom wafts through the air. It is these tell tale signs that mark the beginning of the spring social season. For the J.C Street girls this is an exciting, hectic and action packed time of the year.   

Spring Racing Carnival… The countdown is over. Couture dresses, sparkling jewels, extravagant hats and sensational stilettos complimented by a day off and glass of Champagne. What more could a girl want? So unless Mother Nature rains on our parade the J.C Street girls will be at the spectacle just before the first horse jumps.

We would love to see you at the race. Who will you be? Where will you be? And most importantly what will you wear?

 As we don’t take well to falling down rabbit holes remember to let one of the girls know where to find you!

Canberra and Darwin are Australia’s most expensive cities to rent

October 11, 2010 § Leave a comment

 

Darwin and Canberra remain the most expensive Australian cities to rent a home.  

This is occurring as the government and resource sectors, coupled with a shortage of housing stock, continue to push the cost of accommodation higher, The Australian reports.

Rents in Darwin and most other capital cities were steady for the three months to September.

But resource projects in the Northern Territory and tight supply are expected to trigger more increases in the Territory capital, where some residents have been seeking commercial warehouses as an affordable housing alternative, according to real estate agents.

The RP Data rent report showed Darwin’s average house rents were $520 a week, followed by Canberra, where rents had risen 3.1 per cent in the past three months to $495 a week.

RP Data analyst Cameron Kusher said while the biggest rises in the coming months would be in Sydney and Melbourne, rents in those cities would still not overtake Canberra or Darwin, which had transient populations. Read more… 

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