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John McGrath – Why 3 in 10 homes are selling pre-auction & how to buy this way

John McGrath founder and executive director of McGrath Estate Agents looks at why vendors are choosing to sell prior to auction when clearance rates are so high.

New South Wales (NSW)

Featured Property

One Patonga: Luxury beachside escape – Cullen Royle

This luxe NSW Central Coast retreat is for sale by Deborah Cullen of Cullen Royle in conjunction with Trent Iverson of Harris Iverson.

New South Wales (NSW)Sydney

Featured Property

Waterfront luxury with views over Sydney and the Bay – Ray White

Enviably positioned on the Bay Run circuit, this bespoke family home presents as a home of distinction in a prime foreshore location. For sale by Chris Wilkins of Ray White Drummoyne.

New South Wales (NSW)Sydney

Featured Property

Resort style living in Paddington's best street - The Agency

Tranquil and open, yet embedded within the vibrant Paddington lifestyle, this freestanding home is for sale via Ben Collier of The Agency.

Victoria (Vic.)Melbourne

Featured Property

House-sized Melbourne apartment 'Lucient' with stunning views – The Agency

For sale by Brendan Walker and Jesse Raeburn of The Agency, who told WILLIAMS MEDIA the apartment lets you “downsize without downgrading.”

New South Wales (NSW)Sydney

Featured Property

Potts Point sub penthouse with 270° views of Sydney Harbour sold prior to auction - McGrath

Omnia sub penthouse sold by Simon Exleton of McGrath Double Bay who told WILLIAMS MEDIA, "Interest came from people downsizing from large houses, from up-sizers keen on the double-sized floorplan, investors and buyers drawn to Potts Point for its cosmopolitan lifestyle."

National

People

Hawthorn and The Agency join forces

Hawthorn is pleased to welcome The Agency onboard as its Official Real Estate Partner.

Victoria (Vic.)Melbourne

The Economy

The Australian dream is alive and well - REIV

For the first time, houses in metro Melbourne surpassed a median value of $1m jumping by 8.8 per cent from the previous quarter to land at $1,004,500.

Queensland (Qld)

People

Get to know Real Specialists Principal Eugene Stone

In sales for more than 50 years, Eugene says it's important to "move to what moves you".

Queensland (Qld)Brisbane

Featured Property

Private Brisbane River sanctuary for sale for first time in 50 years - Place

Next door to Chelmer Sailing Club, this riverfront residence delivers multiple living and entertaining spaces. For sale by Ann-Karyn Fraser of Place New Farm.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/brisbane-property-owners-lose-as-prices-fall/news-story/a4f256d3170235823b81f9394c5c3f79?utm_source=The%20Australian&utm_medium=email&utm_campaign=editorial&utm_content=TodaySHeadlines

Brisbane property owners lose as prices fall

Brisbane apartment owners face a potential $4 billion drop in property values over the next three years in the face of oversupply and a falling market.

The Australian

https://sourceable.net/dodgy-sydney-real-estate-agent-jailed/

‘Dodgy’ Sydney Real Estate Agent Jailed

A former real estate agent from Sydney’s northern beaches will spend up to three years behind bars after stealing more than $400,000 from his clients.

Sourceable

https://architectureau.com/articles/living-room-in-the-garden-omas-mpavilion-to-steer-debate-about-the-city/

‘Living room in the garden’: OMA’s MPavilion to ‘steer debate about the city’

Dutch architects Rem Koolhaas and David Gianotten of the Office for Metropolitan Architecture (OMA) say the 2017 Pavilion will be "a tool – a tool for [the public] to use to discuss the future of [their] city."

ArchitectureAU

http://www.theaustralian.com.au/business/property/high-property-prices-disguise-a-housing-shortfall/news-story/b6ea003602dd3e725135305cdc55bfd2

High property prices disguise a housing shortfall

Australia would have a considerable housing shortfall if young people moved out and formed new households at the same pace as they did in the past, says new research from ANZ.

The Australian

https://www.curbed.com/2017/6/29/15894258/prefab-home-kit-houses-ecokit-australia

Ecokit's modular prefab cabins are sustainable and arrive flat packed

Skyrocketing housing costs are fuelling interest in alternative dwellings all over the world.

Curbed

http://www.news.com.au/finance/real-estate/melbourne-vic/landlords-could-benefit-from-accepting-pets-experts-say/news-story/d1a2ab77fdea5380d4655a489f8d3769

Landlords could benefit from accepting pets, experts say

Accepting pets could be “a savvy investment strategy” for landlords in Melbourne, where there’s a severe shortage of animal-friendly rentals.

news.com.au

http://www.afr.com/personal-finance/more-than-30000-of-the-nations-richest-households-in-financial-distress-20170927-gyq7r1

More than 30,000 of the nation's 'richest' households in financial distress

More than 30,000 households in the nation's wealthiest suburbs are facing financial stress, with hundreds risking default over the next 12 months because of soaring debts and static incomes.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11526-australia-fast-becoming-a-leader-in-alternative-funding

Australia fast becoming a leader in alternative funding

A KPMG report shows that the Australian alternative finance market grew by 53% to $774m last year.

Mortgage Business