Avant Townhomes is adding to Ivanhoe’s family-sized housing options with <a href="https://www.apartments.com.au/new-townhouses/three-82-ivanhoe-382-upper-heidelberg-road-ivanhoe-vic-3079">Three 82</a>, a collection of just 16 four-bedroom townhomes on Upper Heidelberg Road.

The <a href="https://www.apartments.com.au/developers/intrapac-property">Intrapac Property</a> townhome division has taken a contemporary approach to the traditional family home, pairing larger floorplans with the lower-maintenance format of a townhouse.

[smartcode_project:default project_id=152069 project_image_fid=374394]

Designed by <a href="https://www.apartments.com.au/architects/arcadia-studio">Arcadia</a>, with landscaping by Landsite, the homes feature generous open-plan living and dining areas that connect directly to outdoor spaces, with layouts also designed to maximise natural light and privacy.

Natural stone is used throughout the interiors, including in kitchens that pair stone surfaces with bespoke cabinetry, considered storage and SMEG appliances.

The four-bedroom layouts include built-in wardrobes and a main bedroom with its own ensuite, while family bathrooms service the additional bedrooms. Each home also includes a lock-up double garage and intercom entry.

[smartcode_project:default project_id=152069 project_image_fid=374399]

Energy efficiency has been incorporated into the design through solar panels, double glazing and reverse-cycle heating and cooling, with the homes targeting 7-star energy ratings.

Rather than incorporating extensive communal facilities, Three 82 has been conceived around private residential amenity, with the 16-home scale keeping the focus on individual homes and their own indoor and outdoor spaces.

The development is located at 382 Upper Heidelberg Road, around one kilometre from Ivanhoe Village's cafés and retail and a short drive from Eaglemont Station and Ivanhoe Station.

[smartcode_project:default project_id=152069 project_image_fid=374393]

Several of Ivanhoe's established schools are also nearby, including Ivanhoe Girls' Grammar and Ivanhoe Grammar School. The address also provides access to the suburb's parklands and the wider Yarra River corridor.

<a href="https://www.apartments.com.au/project-marketer/nelson-alexander">Nelson Alexander</a> has been appointed to handle sales.

Construction is underway and progressing well, with Three 82 currently tracking toward completion in Q2 2027.

[smartcode_project_cta:default project_id=152069]

Joel Robinson

Three 82 brings boutique four-bedroom townhome collection to Ivanhoe

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/graya">Graya</a> has secured a prime Newstead site from fellow developer Fraser, subsequently lodging plans for The Silo, a major mixed-use residential project in Newstead designed around a new public laneway linking the James Street precinct with the wider Gasworks and Newstead neighbourhood.

Proposed for the corner of Chester and Morse streets, the <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau^Proberts</a>-designed project places its strongest emphasis at ground level, where retail, landscaping and a new cobblestone pedestrian connection would open the site to the surrounding neighbourhood. The design team describes The Silo as “more than a residential building”, positioning the development as an extension of Newstead’s public realm rather than a standalone apartment tower.

“A new cobblestone laneway and landscaped connection between James Street and Gasworks unlock a missing pedestrian link, improving walkability and stitching together two of Brisbane’s significant urban destinations,” Bureau Proberts said in its Urban Design Report.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="0ea1b06a-75f5-40a5-b2c5-33c97bc86052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/silo%20bldg.png?VersionId=KmjsAtNePu57_B31EM_DJ5T6KPJHtcmo" />

The Silo is planned as a mixed-use development incorporating apartments alongside a bar and centre activities including food and drink outlets, indoor sport and recreation, office and retail uses.

Architecturally, Bureau Proberts has conceived the building as a collection of vertically expressed, stepping forms rather than a single uniform tower. The composition rises from an articulated podium before being broken by a triple-height landscaped recreation level, with the upper section becoming more compact before terminating in a landscaped rooftop garden.

The project's name and architectural language draw directly from Newstead's industrial history. Patterned off-form concrete is proposed as the principal façade material, complemented by slender metal rod balustrades and extensive planting. The cylindrical and vertically ribbed elements give the building its silo-like expression, while curved balconies and planted edges introduce a softer subtropical layer.

“The Silo reinterprets its robust forms, scale and materiality through a contemporary subtropical architectural expression, creating a building that acknowledges its industrial legacy, while responding to the way the precinct is occupied today,” Bureau^Proberts said.

The recreation level is one of the defining breaks in the tower. Plans include a lap pool, mature subtropical planting and shared resident facilities within an elevated communal garden. Landscaping continues through the podium and onto the rooftop, where a further garden forms what the architects describe as a “subtropical crown” to the building.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="f8451036-35a4-49a9-8d88-2ef4438eba3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Silo%20Lane.png?VersionId=h8N31_rYmCEqoNrpt4kbYVQhJGZn60LH" />

At street level, the development has been designed to establish a more permeable block. Retail and hospitality tenancies address the public realm, while landscaped pedestrian spaces lead into the new laneway connection. Renders in the design report show the proposed “Silo Lane” as a substantial opening through the podium, framed by cylindrical concrete forms with cascading planting above.

The Silo continues Graya's move into larger apartment developments after building its reputation across high-end residential projects in Brisbane and the Gold Coast.

Graya buys Frasers Newstead site, plans The Silo between James Street and Gasworks precincts

<a href="https://www.apartments.com.au/developers/wickton">Wickton</a>’s completed Linacre Rise development in Hampton is giving Bayside downsizers the opportunity to move into a spacious apartment near the beach, with the developer covering stamp duty for a limited time.

The 27-residence development has been designed for buyers who want to simplify their living arrangements without giving up the space, warmth and quality associated with a long-term family home. Most apartments have already been secured by Bayside locals, leaving a select collection of two and three-bedroom residences and penthouses available.

Two-bedroom apartments are priced from $1.275 million, three-bedroom residences from $2.25 million and penthouses from $3.375 million, with the completed homes available to inspect and move into now.

[smartcode_project:default project_id=95289 project_image_fid=366760]

<a href="https://www.apartments.com.au/buildings/linacre-rise-hampton-8-10-linacre-road-hampton-vic-3188">Linacre Rise</a> occupies an elevated position on one of <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a>’s quiet, tree-lined streets, around 250 metres from the bay and 500 metres from Hampton’s village centre. Its setting gives residents access to the beach, local cafés, shops and Hampton Train Station while retaining the feel of an established residential neighbourhood.

Architecture and interiors by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> draw on the warmth and permanence of traditional brickwork, with the building integrated into terraced landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>. Ground-floor apartments are elevated above the street and include private garden courtyards, while several upper-level residences have generous balconies and outlooks toward the bay.

Inside, the residences favour natural materials and generous proportions. Herringbone-pattern European oak flooring, natural stone benchtops, premium joinery and Swiss V-ZUG appliances are among the key inclusions, while integrated storage has been incorporated across kitchens, bathrooms, studies and living areas.

The kitchens have been planned as practical spaces for both everyday use and entertaining, with substantial island benches, detailed cabinetry and adjoining dining and living zones. Full-height wardrobes, plush bedroom carpeting and carefully considered lighting reinforce the residential character Wickton sought to retain for buyers moving from larger homes.

[smartcode_project:default project_id=95289 project_image_fid=366769]

A Linacre Rise purchaser said the completed apartment had delivered the space, outlook and construction quality they had been seeking.

“The unit is very light, has views to die for over the bay, all construction materials and fittings are premium quality, we have secure parking for three cars, EV charging at very competitive rates, the neighbours are friendly and there is just a lovely ambiance about the place,” the purchaser said.

Environmental features include solar panels, shared electric vehicle charging stations, rainwater harvesting for toilet flushing and landscape irrigation, double-glazed windows and water-efficient fixtures and appliances.

[smartcode_project:default project_id=95289 project_image_fid=366762]

The development was built by Balmain &amp; Co, with Wickton managing the broader development process through its in-house team.

For downsizers, the project’s completed status removes much of the uncertainty associated with buying off the plan. Purchasers can inspect the finished apartments, understand their outlook and proportions, and move in without waiting for construction to conclude.

The remaining selection includes north-oriented balconies, corner configurations and penthouses with elevated bay views. The developer-paid stamp duty initiative is available for a limited time, with potential savings of up to $200,000 depending on the residence purchased.

[smartcode_project_cta:default project_id=95289]

Limited-time stamp duty offer at completed Linacre Rise apartments in Hampton

Luxury apartment buyers have long prioritised design, space and finishes, but increasingly they're placing equal importance on something less tangible: how easily they can live without relying on a car.

At <a>Richmond Square</a>, <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> believes that convenience begins beyond the apartment itself, with the mixed-use precinct earning a near-perfect Walk Score of 99.

The development has been planned around the idea that some of the most valuable amenities aren't contained within a building, they're the restaurants, cafés, parks, transport connections and daily conveniences that can all be reached on foot.

Located just behind Swan Street and Church Street, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> places residents within one of Melbo​u​rne's most established lifestyle precincts while offering a quieter residential setting removed from the busiest thoroughfares. East Richmond Station is moments away, trams run along both Swan and Church Streets, and the MCG, Melb​​ourne Park, Yarra River trails and the CBD are all within walking distance. At the same time, the precinct itself will introduce a curated mix of dining, retail, hospitality and wellness offerings, creating a destination that extends well beyond its residential buildings.

[smartcode_project:default project_id=13181 project_image_fid=348530]

For Fortis, that combination of location and scale was what made the site unique.

"<a href="https://www.apartments.com.au/developments/richmond-vic-3121">Richmond</a> is one of Melb​o​urne's most established and distinctive inner-city neighbourhoods, with a rare combination of dining, culture, recreation, public transport and proximity to the CBD," the developer said.

"The opportunity at Wiltshire Street was particularly compelling because the site sits slightly removed from the activity of Swan and Church Streets while remaining only moments from everything that makes the area desirable."

Rather than developing a standalone apartment building, Fortis consolidated 15 individual properties to create one of the larger development parcels assembled on Mel​b​ourne's city fringe in recent years. That allowed the team to deliver a genuine mixed-use precinct comprising 107 residences across Wiltshire House and Carmine House, premium office space, hospitality venues, retail, wellness offerings and a future 57-room hotel.

"The scale of the site allowed Fortis to think beyond a standalone apartment building," the developer said.

"Richmond Square could be planned as a complete lifestyle precinct, bringing homes, workplaces, dining, retail, hospitality and wellness together around a series of activated public spaces. The aim was to create a destination that feels connected to Richmond rather than separate from it."

[smartcode_project:default project_id=13181 project_image_fid=348533]

The emphasis on walkability has also resonated with buyers.

Interest has been strongest from established owner-occupiers, particularly downsizers from Richmond and Melb​ourne's inner east who want to remain close to familiar restaurants, workplaces, family and social networks while moving into a more secure, lower-maintenance home. The project is also attracting Mornington Peninsula and interstate buyers seeking a Melb​ourne residence they can lock up and leave between visits.

Many are looking for generous living spaces, room to entertain, quality finishes and confidence in the project team, but location remains one of the biggest deciding factors.

"For many buyers, Richmond Square provides a way to simplify the practical side of home ownership without reducing the quality of their lifestyle," the sales team said.

"Location is also a major driver of interest. Buyers can remain connected to the CBD, major sporting events, the arts centres, local restaurants, cafes and bars and their family while living in a private and secure residence that is easy to lock up and leave for weekends or longer periods away."

[smartcode_project:default project_id=13181 project_image_fid=348549]

The residences themselves have been designed with that buyer in mind. Award-winning architecture practice SJB and interior designers Hecker Guthrie have created spacious two and three-bedroom apartments and penthouses that prioritise generous living areas, natural light, bespoke joinery and private terraces. Above, a rooftop sanctuary by Acre includes landscaped lawns, bookable dining rooms, barbecue facilities, wellness spaces and panoramic views across the CBD, the MCG and Port Phillip Bay.

Fortis believes Richmond Square reflects a broader evolution in apartment living, where the surrounding neighbourhood becomes just as important as the residence itself.

"Richmond Square introduces a different proposition: generously proportioned residences within a genuinely mixed-use, hospitality-led destination," the developer said.

"The project's location and Walk Score of 99 further support a lifestyle where residents can complete many everyday journeys without relying on a car."

Fortis has assembled an experienced team that includes <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, <a href="https://www.apartments.com.au/interior-designers/hecker-guthrie">Hecker Guthrie</a>, <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a> and builder <a href="https://www.apartments.com.au/builders/hacer-group">Hacer Group</a>, reflecting the developer's commitment to creating projects with enduring design quality and meaningful connections to the communities in which they sit.&nbsp;

Richmond Square is an expression of that philosophy, bringing together homes, workplaces, hospitality and wellness within one of Me​lb​ourne's most walkable neighbourhoods.&nbsp;

Construction is now almost complete, providing purchasers with growing confidence ahead of its expected September 2026 completion.

[smartcode_project_cta:default project_id=13181]

Walk Score of 99 places Richmond Square at the heart of Melbourne's most connected lifestyle

<h3 data-end="19" data-section-id="1dvgwoe" data-start="0">Summary</h3>

<ul data-end="634" data-start="21">
	<li data-end="170" data-section-id="1o77v31" data-start="21">Walker Corporation has lodged plans for a second major residential development in the Maroochydore City Centre, a 29-storey tower known as Celeste.</li>
	<li data-end="327" data-section-id="1lb0y6t" data-start="171">The Plus Studio-designed proposal at Lot 30 Sunshine Coast Parade would deliver 208 apartments, including four four-bedroom sub-penthouses and penthouses.</li>
	<li data-end="487" data-section-id="za720" data-start="328">The application comes as Walker doubles down on Maroochydore following the strong sales campaign at SOL by Walker, where the first tower is nearing sell-out.</li>
	<li data-end="634" data-section-id="5sovec" data-start="488">Walker is a key partner in the transformation of the Maroochydore City Centre, which is expected to ultimately deliver at least 4,000 new homes.</li>
</ul>

Walker Corporation is doubling down on Maroochydore following the successful sales campaign at its first residential project in the emerging CBD.

The national developer has filed plans for <a href="https://www.apartments.com.au/new-apartments/celeste-30-sunshine-coast-parade-maroochydore-qld-4558">Celeste</a>, a new 29-storey apartment tower at Lot 30 Sunshine Coast Parade, just metres from its under-construction SOL by Walker development.

The plans, prepared by Plus Studio, would see 208 apartments delivered across a 100-metre tower on the 2,376 sqm site, which fronts Sunshine Coast Parade, First Avenue and Future Way within the Maroochydore Priority Development Area.

<img alt="Walker" data-entity-type="file" data-entity-uuid="17038209-6fea-4ed2-855d-fd4df65b3d02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.16%E2%80%AFAM.png?VersionId=iZD.oVXcQn.aLpUytDAW.CWjxP4puWMy" />

The proposed apartment mix comprises 36 one-bedroom apartments, 48 two-bedroom apartments, 72 two-bedroom apartments with an additional multipurpose space, and 48 three-bedroom apartments.

The upper levels would be capped by two four-bedroom sub-penthouses and two four-bedroom penthouses, taking the total apartment count to 208. The preliminary yield study also provides 262 car spaces, 114 resident bicycle spaces and storage for each apartment.

It represents Walker's next major residential move in the new Maroochydore CBD after the success of SOL by Walker, its $220 million two-tower project nearby.

SOL launched to market in early 2025 and has since seen strong demand, particularly from local owner-occupiers. By February this year, Walker said the first SOL tower was nearing sell-out, with a strong waitlist also emerging for its recently released penthouse collection.

Construction is already underway on SOL, with the first tower expected to be completed in late 2027 and the second to follow in early 2028.

[smartcode_project:default project_id=147777 project_image_fid=319846]

<h2 data-end="2518" data-section-id="1b2dyo5" data-start="2459">Celeste to rise 100 metres over Maroochydore City Centre</h2>

Celeste would take a different form to the twin 19-storey buildings at SOL.

Plus Studio has designed a single 100-metre tower above an activated podium, with the architecture responding to the site's prominent position and three street frontages.

The podium would incorporate commercial tenancies and public art, with sweeping façade elements wrapping the street edges. The scalloped concrete podium has been inspired by the patterns created in sand at low tide, while extensive landscaping would continue vertically through the tower.

The ground level plans show three commercial tenancies addressing Sunshine Coast Parade alongside the residential lobby and landscaped public realm. The podium would then accommodate several levels of car parking before the residential tower rises above.

<img alt="Celeste" data-entity-type="file" data-entity-uuid="121f77b1-71c5-46d7-9b36-0a7d474211ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.47%E2%80%AFAM.png?VersionId=MGrg9Hb7HgzLN0Lelq_xrXNAruVl77ia" />

Plus Studio said the tower had been designed to maximise views from each apartment, taking in the Maroochy River, Sunshine Coast hinterland, Cotton Tree and Maroochydore Beach and ocean.

Those views have also shaped one of the project's key features, with Walker proposing to put the primary resident amenity on Level 29 rather than lower within the building.

The rooftop would feature a 284.9 sqm pool area with an infinity edge, along with a cold pool, spa, sauna, 93.2 sqm gym, sunset lounge, BBQ and dining areas, pool deck and private dining space. Cabanas and day beds are also shown across the recreation level.

The two penthouses would extend across the upper levels and each feature private terraces and plunge pools.

<h2 data-end="4202" data-section-id="v5f4ix" data-start="4160">Walker's growing Maroochydore footprint</h2>

Celeste further reinforces Walker's commitment to the transformation of Maroochydore City Centre.

Walker is one of the key partners delivering the new CBD alongside Sunshine Coast Council and SunCentral Maroochydore, with the broader 62-hectare Priority Development Area occupying the former Horton Park Golf Course and surrounding land.

The precinct is ultimately expected to accommodate at least 4,000 new homes as Maroochydore evolves into the Sunshine Coast's principal commercial and residential centre.

When SOL secured approval in February 2025, Walker Managing Director and CEO David Gallant described it as the "first of many residential projects" the company planned for the Maroochydore City Centre.

Celeste now provides the clearest indication yet of what comes next.

The site sits immediately within the new CBD, with the design report identifying Sunshine Plaza and surrounding parkland within walking distance and Maroochydore Beach around a five-minute drive away.

For Walker, the timing of the application comes as its first residential bet on the new CBD appears to have been vindicated.

SOL has progressed from planning approval to construction while its first release has approached sell-out, giving Walker confidence to push ahead with another 208 apartments and take its residential pipeline in the Maroochydore City Centre to around 450 dwellings across the two projects.

Celeste remains subject to planning approval, with the architectural material describing the scheme as a preliminary yield study that may change through the assessment process.

Walker doubles down on Maroochydore with 29-storey Celeste apartment tower

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

<html><body>
When it comes to judging a property to get a reasonable indication of its value and probable sale price there are three options you might consider.
First, a real estate agent can give an appraisal which is largely an educated guess based on their current sales experience and local knowledge. This is informal but usually pretty helpful as an indication.
Second, an owner or buyer can hire a professional valuer to produce a more formal and authoritative report. These reports are based on sales information held at<a href="https://www.landgate.wa.gov.au/corporate.nsf" target="_blank"> Landgate </a>and from information obtained from real estate agents on recent sales not yet reflected in the government data. Usually these are the reports which banks and legal bodies will accept as valid for lending and legal purposes.
A professional valuation removes any perception that there might be a bias on the part of real estate agent appraising a property and is regarded as more independent.
Thirdly, the option to pay for a property report from one of the many private companies which are not valuers. However, people thinking of doing this should be aware there can be limitations to this.
Most of the companies which provide this service are based on the east coast of Australia and have few or no staff here.
This means that the reports are largely put together based on Landgate data showing the last sale price and then calibrated to place the property in the context of the current market.
While that might sound quite reasonable, such reports can only be based on the unimproved value of the property since its last transaction.
For example, if a property was purchased in 2005 and the owner demolished the old house and built a bigger one in its place, then this would not be known by a property group based in Sydney or Melbourne.
They would only know of the 2005 sale price, even though the site now has a completely different value. It’s a similar situation if an owner puts in a pool, adds a second story or patio, or maybe constructs a lock-up garage.
These things are not readily detectable through an arms-length report based on data rather than being produced by actually sighting the property and being familiar with its history.
If you solicit a property report from a company that deals in real estate data, make sure it can measure the current improved value of the property and not rely simply on historical sales information.
Better still, engage a local valuer if you need a formal, legal valuation or contact a REIWA agent for an appraisal if that’s all you require.
Either way, it pays to use the local services of those who know your neighbourhood.
David Airey is president of the <a href="https://reiwa.com.au/home/default.aspx" rel="nofollow" target="_blank">Real Estate Institute of Western Australia.</a> This article was originally published on <a href="https://reiwa.com.au/Faq/Pages/Feature.aspx" rel="nofollow" target="_blank">reiwa.com</a>.
 
</body></html>

dairey-MVZf5ZguQC

What is the best way to judge the value of your property?: David Airey

<html><body>
Just Sydney, Adelaide and Canberra notched up a quickening  of pace sales in July, according to Australian Property Monitors.
Sydney remains the fastest selling  capital city at 73 days, with Canberra narrowing the gap at 78 days. 
Brisbane and Adelaide swapped places for the slowest selling capital city.
<img height="697" width="470" src="/images/stories/2013/07/apmheathcartjuly29one.jpg" alt="apmheathcartjuly29one">
</body></html>

jchancellor-FAypfDUnLy

Sydney remains the fastest selling capital city as Canberra narrows the gap: APM heat chart

<html><body>
The former Miss Universe Jennifer Hawkins and her husband Jake Wall have spent $1.66 million on their sixth investment property.
<a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/NSW/North-Curl-Curl/?adid=2010301124">Its a knock-down-rebuild in their home suburb of North Curl Curl on Sydney's Northern beaches</a>.
The keen property investors snapped up the property just before heading to Bali for their wedding.
They have reportedly lodged a development application for $900,000 of new works, including a new swimming pool.
The building site comes with views of the ocean, the lagoon and even a hint of the city skyline  from its  762 square metre parcel of land.
There is currently a three bedroom single storey beach cottage at the Pitt Street address which sold through Bernard Hachenberg and Graham Bennett at Ray White Freshwater.
Hawkins has leveraged her fashion runway success to build a reported $10 million plus business and property empire, according to weekend News Ltd paper reports.
Reporter Jessica Irvine tallied Hawkin's property holding as six.
Ms Hawkins is currently launching a new business of self tanning lotions called J Bronze.
There was another nearby cottage that sold recently at auction. Cute as a small button, but likely to be bulldozed.
<a target="_blank" href="https://www.propertyobserver.com.au/residential/classic-north-curl-curl-beach-house-sells-for-%24126-million/2013071363231?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=newsplus">It was a $1.26 million sale of a classic two bedroom, one bathroom beach cottage</a>.
The 76 square metre house that sits on a 310 square metre <a target="_blank" rel="nofollow" href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/deewhy/properties/287055">6 Surf Road </a>block was listed by Lauren Haines at Raine &amp; Horne Dee Why.
It has more limited views - being over the adjacent Flora Reserve towards the beach and ocean.
The revamped classic beach house sits on 311 square metres of level land.
"Move straight in and plan your next home, rent it out, or just enjoy this beach house in this magical position as it is," the marketing said. There were eight registered bidders at the on-site auction.
It last sold at 385 pounds in 1954.
 
<div id="imagetrackPlayer-36776"></div>
</body></html>

Jennifer Hawkins' sixth investment property - a $1.66 million North Curl Curl knockdown

<html><body>
The REIV have released their June quarterly statistics which show a seasonally adjusted 2.4% rise in the median house price with the comment
“The release of the REIV's June quarter median prices should help encourage a few more sellers into the market over spring as it shows the price falls recorded in 2011 have been recovered.”
This takes Melbourne’s median house price from a ‘revised’ $549,000 in the March quarter of this year which – (as <a target="_blank" href="https://www.propertyobserver.com.au/victoria/the-reiv-s-strongest-march-quarter-in-over-a-decade-for-melbourne-never-actually-existed-terry-ryder/2013072263466">Terry Ryder also noted Tuesday last wee</a><a target="_blank" href="https://www.propertyobserver.com.au/victoria/the-reiv-s-strongest-march-quarter-in-over-a-decade-for-melbourne-never-actually-existed-terry-ryder/2013072263466">k</a> and <a target="_blank" href="https://www.streetnews.com.au/why-are-melbourne-median-prices-different-between-data-providers/">myself on Monday last week</a>) - is a ‘not so insignificant’ drop of - 2.23% decrease to the figure the REIV initially published in April of $561,500 – to the now ‘seasonally adjusted’ June median of $562,000.
In other words, had the numbers been taken on face value, without subsequent revision, Melbourne would have simply been treading water.
All of this means little to the average buyer who simply reads the headlines and has little time to dig into the detail – however at the time, the REIV heralded the first quarter of 2013 to be the ‘strongest March quarter in a decade’ which was somewhat surprising considering the ‘unadjusted’ March median actually dropped -0.9%.
Of course, the only reason it could be stated as such, was because their December 2012 median had also been ‘seasonally adjusted’ &amp; revised from $555,000 to $534,000 – a drop of -3.7%.
The REIV only started seasonally adjusting figures at the start of this year, therefore the December adjustment was made ‘post’ the initial release in which the REIV claimed a 7.8% jump in the median house price under the headline: "<a target="_blank" href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;ved=0CCwQFjAA&amp;url=http%3A%2F%2Fwww.reiv.com.au%2FNews_Publications%2FNews%2520Archive.aspx%3FnewsID%3D%257B7C295CB9-9FB6-42D9-83E9-7DFFA0F00AEB%257D%26title%3DGrowth%2520returns%2520to%2520Melbourne%2520housing%2520market%2520in%2520December%2520quarter&amp;ei=4gzyUeiPEai9iAfxp4HgDg&amp;usg=AFQjCNHoXM0aphL1NtAO4TG5vZqeylmJ4Q&amp;bvm=bv.49784469,d.aGc">Growth returns to Melbourne housing market</a>."
I remember this well, because it prompted a joyful remark I overheard one agent relay to his ‘investor’ client, that this would equate to more than “30% capital growth for Melbourne over the following 12 month period if it maintained pace” - thankfully a comment that will remain pure fiction.
As a general rule, seasonal adjustments are calculated by looking at the ‘average’ seasonal shift during the same quarter over a lengthy time scale.
The information is then used to calculate the amount to either add, or subtract, from the raw data.
Whilst it can be useful from a trend perspective (smoothing out the bumps), there is scant information on the REIV website to explain how a drop of -0.9% can be converted into in to a somewhat robust ‘rise’ of 5.1% in a market which, although improving, was certainly not doing as well these numbers would indicate.
 
<hr class="system-pagebreak">
 The reason figures are revised, is because all data providers suffer from a lag in reported results.
These typically filter in over the 3 month period ‘post’ the quarterly release from valuer general data – the most authoritative and comprehensive source of sales information we have.
Therefore, the median price home buyers and investors are reading for this quarter, and the emphasis that is put on it as newspapers go to town with boom or bust headlines, is likely to alter significantly when the next release is due. Therefore, it is arguably a misleading ‘quarterly’ indicator of true market movements. 
In other words – any ‘newly’ released quarterly data needs to be taken with a pinch of salt.
With this in mind, it makes the daily index – which is neither seasonally adjusted and would also miss a wide proportion of lagging results - laughable.
Investors are often fixated on median prices. 
The major investment magazines have extensive tables of figures and percentages covering the back pages. Agents use them to their own ends with comments such as "prices have increased 10% year on year over the past 5/10 years for such and such a suburb."
However whilst the median figure may have increased – the ‘middle’ figure of all cited sales – individual property prices, and the changes a property may go through in terms of renovation and extension, which would therefore warrant a higher capital price outside of natural increases, is not always represented in the information provided.
It should also be noted that each provider uses a slightly different methodology when collating their statistics.
For example, the REIV record a ‘seasonally adjusted’ 8.4% rise to the median from this time last year which seems to suggest Melbourne is coming on leaps and bounds. 
However, the ABS show an increase of just 1.1% (to March 2013) - APM: 6.1% (to June 2013) and RP Data: 3.3% (to June 2013) making the REIV’s median figures higher that of every other data provider.
 
<hr class="system-pagebreak">
But, the REIV are not the only culprits when it comes to publishing data misnomers.
As economist <a target="_blank" href="https://www.macrobusiness.com.au/leith-van-onselen/">Leith Van Onselen</a> pointed out to me in a conversation we had regarding APM’s results:
“In its March quarter release, APM reported that Melbourne house prices led the nation, rising by 3.6% over the quarter to $538,922. What was not mentioned in their commentary, however, was that some of Melbourne’s reported strong price growth was caused by a -1.1% downward revision to the December quarter......And in their June quarter results, APM once again reported that Melbourne led the nation, recording 5.0% growth over the quarter and 6.1% growth over the year. However, part of this strong quarterly rise was caused by a downward revision to March's median house price to $527,245, without which Melbourne would have recorded 2.7% growth."
As Leith points out, without the subsequent revisions “ Melbourne's annual price growth would have come in at a more moderate 4.2%.”
One indication towards the stark contrast in REIV statistics is because unlike the other indexes, they do not stratify their median figures to reflect different aspects of each housing type outside of the broad description of units and houses.
This creates significant problems for those using the information as a source of market analysis.
In REIV terms, a unit could be a small villa on a subdivided block of typically six to eight free standing or attached dwellings - a one or two bedroom apartment or flat, in either a low rise or high rise block , a high spec townhouse on a ‘side by side’ subdivision, or a bedsit. 
Obviously, this can create distortions when assessing the information.
The same is the case for housing, median house prices cover detached houses, terraced houses, semi-detached houses, residential warehouse conversions, holiday houses and duplexes. Because the REIV don’t distinctly classify their results, we also see big differences in individual suburb changes.
 
<hr class="system-pagebreak">
For example, according to the June stats, Hawthorn’s unit median has increased 20% from the last quarter.
However, there should be no confusion here – individual unit prices in Hawthorn have not increased 20% – this is median data, and without stratified statistics, the median price can easily be boosted with different property types being lumped under the ‘unit’ banner.
To publicize these figures, with full knowledge of the reaction it will create, should be an area of concern, yet one which is ignored in the mainstream press.
Albeit, from an anecdotal perspective, property prices in Melbourne have increased throughout the course of 2013.
As an example, a unit which based on comparable data from late 2012 and early 2013, would be worth anything in the region of $420,000-$440,000 – under current competition, often ends up selling 2-3% higher.
This is an effect which is primarily noted in the inner and middle ring established suburbs of the city where auction sales predominate and an intense level of investor and speculative activity is evident.
Most results are staying broadly within these parameters; however, I’ve seen some crazy activity of late as mini bidding wars in various pockets have rippled across all price brackets
This can have quite a dramatic impact on both vendor expectation (as owners see neighbouring properties sell above their pre-estimate of value) and buyer physiology. Property shoppers realise they need to ‘up the budget’ to exceed what is perceived to be some kind of boom time terrain, producing gains that cannot be sustained over the resulting period – and in the current economic environment – will most likely eventuate to be nothing much more than a short term rally.
As most sales across Melbourne are conducted private treaty, the effects on the median data across the board would be minimal, and really only feed into inner city figures where auctions are the preferred method of sale.
In truth – from a macro perspective, as the latest RPData report highlights, “In five and a half years, growth in capital city home values has not increased at a rate higher than inflation”.
It should be noted that Australia is facing some significant headwinds which will have an impact on the property market in the months and years ahead.
Full time jobs growth is weak and both hours worked along with levels of underutilisation are deteriorating. 
As the mining construction boom unwinds, non mining industries underperform, and we pull in our belts with fiscal consolidation, it’s likely we’ll see little change over the months ahead. The short term data is volatile and somewhat unreliable albeit, the long term trend is clear.
We’re entering an era of slow growth and it’s yet to be seen if it will be stable growth.
In this respect, when you lift the blanket on unemployment data the trends are concerning and certainly not as good as the headline rate suggests.
Outside of keeping interest rates low, or offering grants for new homes to enable buyers to take on a larger proportion of capital debt, <a href="https://www.propertyobserver.com.au/economy/the-failed-politics-of-housing-affordability-catherine-cashmore/2013072163429" target="_blank">there are no long term sustainable solutions offered from either side of politics. </a>
The speculative behaviour we’re currently seeing in various pockets of capital city markets as investors lead the widely spruiked ‘housing recovery,’ neatly packaged under the words ‘typical market cycle’ as different states go through their own ‘wax and wane’ periods of supply/demand activity.
This will have far wider impacts for our younger and future population of buyers than is fully recognised across the broader population that already own a home, or are paying off a mortgage.
Catherine Cashmore is a market analyst with extensive experience in all aspects relating to property acquisition.
 
 
</body></html>

catherinecashmore-6LXia3pPQj

The property industry's game of dodgy economics figures: Catherine Cashmore

<html><body>
The Block Sky High contestants Matt and Kim's marketing campaign kicked off with only 17 days until the auction hammer.
<img height="353" width="470" src="/images/stories/2013/07/mattandkimjuly10one.jpg" alt="mattandkimjuly10one">
While other contestants secured agents months earlier, Matt and Kim were slow to secure an agent and get the marketing campaign underway.
In the end the selling agent sign board showed the agent was Kent Morgan of the recently established Morgan Realty who was familiar with The Block as he sold the <a target="_blank" href="/news" style="outline-style: none; color: #6888b1; text-decoration: underline;">challenge house</a> for the 2012 Dorcas Street terrace series of The Block when he worked with the Frank Gordon Port Melbourne agency.
He also listed the <a target="_blank" href="/news">four unrenovated Dorcas Street terraces</a> and <a target="_blank" href="https://www.propertyobserver.com.au/auctions/rootop-study-v-bar-four-bedrooms-v-three-dorcas-street-block-floorplans-indicate-the-auction-battlelines/2012060154945">Dan and Dani's South Melbourne terrace</a> when he was at RT Edgar.
However come auction day the Morgan name and streetside sales billboard was gone.
All replaced by the Sydney auctioneer <a target="_blank" href="https://twitter.com/damiencooley">Damien Cooley </a>of <a target="_blank" href="https://twitter.com/CooleyAuctions">Cooley Auctions </a>who had been previously engaged just to fly down for the auctioneering. There was also the close attendance by McDonald Real Estate Aspendale Gardens auctioneer Michael Choi who appeared to be assisting Cooley.
<img height="629" width="470" src="/images/stories/2013/07/cooleyjuly29one.jpg" alt="cooleyjuly29one">
Mystery surrounds the departure of Morgan.
Title Tattle hasn't noticed much Twitter although there was something from <a target="_blank" href="https://twitter.com/The_Block_News">Aroundthe block</a>.
<a target="_blank" href="https://twitter.com/The_Block_News"><img height="92" width="470" src="/images/stories/2013/07/cooleyjuly29tweet.jpg" alt="cooleyjuly29tweet"></a>
 
Cooley was no stranger either to the show as last night's auction marked the fourth time Cooley Auctions has starred on Channel Nine’s TV series The Block.
The winning Adelaide twins Alisa and Lysandra secured <a target="_blank" href="/news">Anton Wongtrakun and Rochelle Wilson of Dingle Partners</a> who were then involved in the planning and design process from the earliest of weeks.
</body></html>

Sydney auctioneer Damien Cooley takes star billing as last minute Block Sky High listing agent

<html><body>
It appears that shadow treasurer Joe Hockey is getting under the skin of economist Stephen Koukoulas, who has tweeted to his more than 10,000 followers his annoyance at those who slam economic forecasts and projections, calling them "hypocrites" for not making their own forecasts:
<a target="_blank" href="https://twitter.com/TheKouk"><img alt="kouk_tweet1" src="/images/stories/2013/larry_uploads/kouk_tweet1.jpg" width="470" height="77"></a>
"The Kouk" followed up this tweet a short while later with the following three tweets, making no secret of who he is talking about:
<a target="_blank" href="https://twitter.com/TheKouk"><img alt="kouk_tweet2" src="/images/stories/2013/larry_uploads/kouk_tweet2.jpg" width="470" height="254"></a> 
</body></html>

po-LsXgBTHBmX

Joe Hockey gets under the skin of Stephen Koukoulas: Tweet of the day

<html><body>
Daniel Grollo’s Grocon development group is partnering with private developer Harry Stamoulis on plans to build a $600 million office tower at 555 Collins Street.
An earlier proposal by the Stamoulis Property Group to build a 404 metre tower on the Western side of Collins Street, just behind the Rialto Tower, was deemed too tall and there were also concerns it would cast a shadow over the Yarra River.
Grocon and Stamoulis are working on a proposal for an office tower to feature around 60,000 square metres of prime space and are already seeking out potential anchor tenants, reports the Australian Financial Review.
There is currently a 24 storey building on the site built in 1975 and owned by the Stamoulis Property Group. It is leased to NAB, with the lease due to expire in 2014.
The partnership with Grocon, should add gravitas to the Stamoulis proposals – the Rialto Tower at 524 Collins Street, once the second tallest building in Melbourne after the Eureka tower was developed by the Grollo family and completed in 1986.
It is all part of efforts to regenerate the less glamorous Western end of Collins Street with construction now underway of the 26 storey 55,000-square-metre office building at 567 Collins Street on the site of a former ‘black hole’.
<a target="_blank" href="https://www.propertyobserver.com.au/retail/richard-branson-s-virgin-active-group-virginactiveoz-exercises-leasing-deal-at-leighton-properties-567-collins-street-development/2013060661996">567 Collins Street, being built by Leighton Contractors</a> and due for completion in 2015, was acquired by Investa Office Fund (IOF) and Investa Commercial Property Fund (ICPF) earlier this year and has signed Richard Branson's Virgin Active gym group as ground floor tenants with other tenants including law firm Corrs Chambers Westgarth who will lease 8,800 square metres.
GPT has recently “revitalised” its premium grade 530 Collins Street, which now has a 5.5 star NABERS Energy rating.
Office space in the tower was advertised for lease last year via an advertising campaign that included street performers and tram advertising, which won Jones Lang LaSalle the REIV’s 2012 Commercial &amp; Industrial Marketing Awards.
</body></html>

lschlesinger-FZcF9M3vE6

Daniel Grollo's Grocon joins forces with Harry Stamoulis on 555 Collins Street tower project

<html><body>
Singer Guy Sebastian has secured the pre-auction $2.22 million sale of his Clovelly home.
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.gdrealestate.com.au/recent-sales/0000112695">The four-bedroom Knox Street house </a>had eight contracts issued since it was on the market through Jason Pantzer of GoodyerDonnelley.
The singer and his wife, Jules, had been seeking $2 million plus for the three level abode.
The X Factor judge bought the architect-designed house <a target="_blank" rel="nofollow" href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-clovelly-nsw-2031/112872">in 2010 for $2.15 million</a>. The $70,000 gain would not have covered the $103,000 initial stamp duty.
Its living and dining areas are set over the top floor, with three bedrooms on the middle space and a fourth bedroom and rumpus room on the lower level. 
<a target="_blank" href="https://www.propertyobserver.com.au/residential/singer-guy-sebastian-seeks-to-cut-and-run-from-clovelly/2013070463003">The Sebastian's appeared to be in a similiar price predicament</a> as Braith Anasta and his wife, the actor Jodi Gordon who also recently escaped the Clovelly price downturn.
The injured Wests Tigers champion Braith Anasta secured $1,855,000 when their four-bedroom, two-bathroom Clovelly home sold having been bought for $1,805,000 in 2011 by Anasta.
RP Data gives Clovelly's median house price as $1.635 million, down 12 % over the past year.
Its down 4% over the past five years, according to RP Data.
<a target="_blank" href="/news">The average discounting required of private treaty vendors is typically around 10% to secure a sale</a>.
The Sebastian's have been looking to stay in the coastal strip with a mind to getting lawn space and less stairs for the couple's son, Hudson.
</body></html>

Singer Guy Sebastian secures Clovelly home sale

<html><body>
There are really only three reasons why a property doesn’t sell. There is something wrong with it that’s difficult and expensive to fix, the selling agent they have chosen is pretty ordinary or it’s way overpriced for what it offer.
Many people believe that if a property has been on the market a long time thenthere’s probably something wrong with it.
However, the most common reason why a property has not sold is because it’soverpriced.
When a property is overpriced it often takes the sales agent several weeks, sometimes several months, to adjust the vendor’s expectations down to fair market value. By the time they do this, the market perception of that property is that it’s a lemon.
Buying overpriced properties after they have been listed for sale for a long time is often where we get some of the best genuine bargains. The vendors are usually over the stress, open homes and sales process and if you deploy good negotiation tactics at the right time you can get some great deals.
In many of these instances, there have been no offers at all which significantly reduces the buying competition for you.
Alternatively if you find out that the seller has turned down multiple offers for less money, then it might simply come down to a matter of timing. Next time you see a property that’s been on the market for a couple of months or even longer, don’t automatically ignore it as many people do.
If it meets your needs, and the building and pest inspection checks out, then youmight even be able to buy it below market value.
Patrick Bright is a Sydney-based <a target="_blank" href="https://www.epspropertysearch.com.au/patrick-bright">buyer’s agent and the author</a> of four real estate books in his ‘Insider’s Guide’ series. 
</body></html>

pbright-aNtgvRfvJN

Bargain can be found in overpriced properties: Patrick Bright

<html><body>
Auction clearance rates have improved substantially in many markets this year, John McGrath has recently noted.
"The clearance rate is up by about 20% on last year and hit a peak of 81% last week, acording to Australian Property Monitors.
"That’s a very strong rate of sale and reflects an increasing urgency among buyers to secure their next property before the market really takes off," he said.  John McGrath saud when there was an urgency in the marketplace, "it’s not uncommon to see buyers making offers on properties in the first week of the campaign."
He suggests with many buyers having been sitting on the sidelines for years, "they’re more than ready to get a deal done now that the bottom of the market has passed."  "We have been noticing a lot of pre-auction sales occurring in today’s market," he said.
"In a rising market, it’s to your advantage to secure the property without the competition of others.
"But if there’s a lot of interest in the property and market conditions are strong, the vendor will probably be more inclined to go through to auction.
"So if you want to buy prior, you need to play your cards right to entice the vendor to sell early," he advised on his blog.  Here are his top tips for buying prior to auction:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/NUMBERS/numberonejuly11.jpg" alt="numberonejuly11" width="30" height="38">Tell the agent you’re interested and ask if the vendor is willing to sell privately. If the agent gets a flood of offers after the first open and you haven’t made yourself known to them as a serious buyer, you might not get the chance to make an offer.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/NUMBERS/numbertwojuly11.jpg" alt="numbertwojuly11" width="30" height="35">Let the agent know you have pre-approved finance. This is a very important signal that you’re a serious buyer.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/NUMBERS/numberthreejuly11.jpg" alt="numberthreejuly11" width="30" height="39">Offer a price that is close to your walk-away figure. Vendors will only entertain the idea of selling prior if a premium price is put forward. As with all negotiations, the vendors will assume your first offer isn’t your best so leave some wiggle room.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/NUMBERS/numberfourjuly11.jpg" alt="numberfourjuly11" width="30" height="39">Waive your right to a cooling off period to show you’re a serious buyer.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/NUMBERS/numberfivejuly11.jpg" alt="numberfivejuly11" width="30" height="33">Do more than a verbal offer. The best way of showing you’re serious is by signing the contract and attaching a cheque for the deposit. Alternatively, put your offer in writing and mention you have your finance approved.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/NUMBERS/numbersixjuly11.jpg" alt="numbersixjuly11" width="30" height="35">Offering odd amounts is a great tactic especially after making a couple of lower offers. For example, rather than offering $460,000 or $465,000, offer $463,500.  An odd amount suggests there’s some logic to your offer and it also implies that you’re at your financial limit.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/07/NUMBERS/numbersevenjuly11.jpg" alt="numbersevenjuly11" width="30" height="36">Be prepared for a situation where you and another buyer are at the same price, so it will come down to a race to exchange. If neither of you are willing to offer more, it will be a matter of who can get themselves organised and in a position to sign the contract first.
</body></html>

Latest Investing Insights

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Investing Insights

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News