I used to know an old Dutch guy, called Ben, that lived there.Suburb about 7kms North of Geraldton called Glenfield Beach. Stage 1 is underway with titles in January 2016.
Not my development (as in ownership) but is funded by a global hedge fund. I get the job of branding/advertising & marketing for this one. Should do OK but the market is very slow here but in saying that the level of inquiry has been steady
Just had the sod turning ceremony and a bit of press/editorial. Advertising campaign is about to ramp up over the next few weeks.
I used to know an old Dutch guy, called Ben, that lived there.
He had a motorcycle museum, I would buy parts off him, Glenfield motorcycles, just a bit of useless information.
He was a top bloke, his missus hated the bikes, but he had some real classics. Vincent HRD Black Shadow and three Aerial square fours, to name a few.
Yeah I remember him ... in Okahoma Road I believe ? I was riding a KLX 250 back then and used to ride out to see what he was tinkering with. Mainly British and very old bikes he was interested with but had some beautifully restored bikes that were not for sale.
From today, a foreign national that has been found to have purchased an established dwelling without prior Foreign Investment Review Board (FIRB) approval, or has failed to dispose of a property once they have left Australia (in the case of temporary residents), faces increased penalties, including:
Criminal penalty of $135,000 or 3 years imprisonment; or
Civil penalty of the capital gain made on divestment of the property or 25% of the purchase price or market value of the property (whichever is greater).
For the first time, third parties that knowingly assist foreigners to illegally purchase Australian homes will also face penalties of $45,000 individually or $225,000 for a company.
Tenants market: residential rents are barely budging.
4:31pm: Chinese demand, which helped propel a surge in Sydney homes, has dropped as much as 15 per cent from a year earlier as China's stocks tumbled and the economy slowed, according to real estate agent McGrath.
Buyers from mainland China are turning away from Sydney and Melbourne and looking at southeast Queensland where dwelling values are "compelling," John McGrath, chief executive officer of McGrath, said after the firm debuted on the Australian share market in Sydney on Monday. The shares opened at $1.94 compared with the issue price of A$2.10 in an initial public offering that raised $129.6 million.
From memory you were pretty spot on, with your prediction a long time back, that property would fall on its ar$e mid 2015.
"The housing sector, which plays an important role in shaping the Australian economic cycle, will likely be less stimulatory for growth in 2016 than in 2015," ANZ's co-head of Australian economics Cherelle Murphy said.
"There will not be a significant downturn, but a more muted profile for housing construction and prices this year."
After three years of solid price growth, home values in Sydney are now falling, data released on Tuesday shows.
Dwelling prices fell 1.4 per cent in November, resulting in a 1 per cent drop over the past three months, according to the CoreLogic RP Data Home Value Index released on Tuesday.
Houses were hardest hit – falling 1.4 per cent over the quarter, while units bucked the trend increasing 0.6 per cent.
"Despite the headwinds facing the housing market through the second half of 2015, we see little significant downside risk to the housing market outlook in 2016. That is not to say house prices won't fall. They may," ANZ's senior economist, David Cannington and economist Daniel Gradwell said.
"But strong underlying demand for housing is likely to contain any price falls in the major capital cities to less than 10 per cent in the absence of an economic downturn."
The supply of new apartments and a retreating, resource-based economy is starting to weigh on the market, with more units selling at a loss in the June quarter than the previous three months.
The proportion of apartments selling for less than the purchase price rose in Melbourne, Brisbane, Canberra, Perth and Darwin in the second quarter, bringing the capital city average to 8.4 per cent from 8.1 per cent in June, CoreLogic RP Data's latest Pain & Gain report shows. Nationally, loss-making apartment sales ticked up to 12.6 per cent from 12.5 per cent.
The greatest effect of new supply on prices was seen in the Melbourne central business district CBD, where as many as 20 per cent of all sales – where the product is overwhelmingly apartments – were sold at a loss, for a median figure of $28,125 per transaction.
Nothing that doesn't surprise there.
Basically saying the trend now is that we're in the other side of the cycle, which historically has been up to a 10% correction.
Well if you look for a solution to anything then you might be good to save up and position yourself for catching distressed sellers in the future. Like when interest rates start to rise then the highly geared and maxed out mortgagees might have to sell. I remember in 2000 when I was looking at taking out a loan to buy a house the interest rates were over 8% and thought that was alot. Eventually bought when interest rates were just over 5% and now pay 4.4% interest. Cycles and supply/demand are worth gathering some information on.Such is life in Australia.
So if you buy a house for $800000 assuming you have $300000 deposit and you bought 5 years ago in Perth in a good suburb. That house is now worth exactly the same amount of money or less. piece of ship investment is a loss.
Such is life in Australia.
The median home value in Detroit is $37,800.Detroit home values have declined -6.9% over the past year and Zillow predicts they will fall -0.9% within the next year. Mortgage delinquency is the first step in the foreclosure process.
Home values in Detroit neighborhoods are finally experiencing some upward momentum after years of rock-bottom prices.
Still among the cheapest places in the nation to buy a house, Detroit neighborhoods are seeing prices inch up on most residential blocks with substantial gains in the strongest areas.
A Free Press analysis of land records shows the median sale price of any home in the city was $30,000 last month, more than four times the $7,000 median in 2009, an especially dark year for the economy and real estate.
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