The latest from our Property Insider, Edwin Almeida.
Category: Property Market
Auction Results 24 Oct 2020
Domain released their preliminary auction results for today. They note that “from Thursday July 9 the Victorian government placed a ban on public real estate auctions as part of social distancing measures to slow the spread of COVID-19. The number of auctions withdrawn in the immediate weeks following the ban are likely to be higher than normal”.
Canberra listed 65 auctions, reported 56 results, with 42 sold, 3 withdrawn and 11 passed in to give a Domain clearance of 75%.
Brisbane listed 41 auctions, reported 31 with 17 sold, 6 withdrawn and 8 passed in to give a Domain clearance of 55%.
Adelaide listed 36 auctions, reported 20 with 19 sold, and 1 passed in to give a Domain clearance of 95%.
A Spotlight On Surfers Paradise
The latest in our Queensland property series.
Surfers Paradise is a seaside resort on Queensland’s Gold Coast in eastern Australia. It’s known for its high-rise skyline and Surfers Paradise Beach, which hosts a popular market several evenings a week. Along Cavill Avenue are shops, cafes and lively nightclubs. The towering Q1 building, with its SkyPoint observation deck, offers panoramic ocean and city views.
No National House Price Recoveries – Yet!
We look at the recent PEXA Property Insights Report.
A Spotlight On Palmwoods (Sunshine Coast)
Another deep dive into a property location, about 100k from Brisbane. Palmwoods is a rural town and locality in the Sunshine Coast Region, Queensland, Australia. In the 2016 census, Palmwoods had a population of 5,676 people.
It is situated close to popular family tourist attractions such as The Big Pineapple. Pineapple growing remains the most important primary industry in the area. Palmwoods is located 15 minutes from the beach and the Blackall Range.
It’s Edwin’s Monday Evening Property Rant #8
The latest from our property insider. https://www.ribbonproperty.com.au/
Link to the radio item we discuss:
A Spotlight On Rockdale
In the latest in our property spotlight series, we examine the fast changing suburb south of Sydney, where just 22 percent of homes are now houses, as the rise of the high rise continues. This may not bode well for the myriad of property investors in the area.
Tuesday’s live show: https://youtu.be/wKL1KHLy6V0
Auction Results 17 Oct 2020
Domain released their preliminary results for today. They note that “from Thursday July 9 the Victorian government placed a ban on public real estate auctions as part of social distancing measures to slow the spread of COVID-19. The number of auctions withdrawn in the immediate weeks following the ban are likely to be higher than normal”.
Canberra listed 66 auctions, reported 58 with 47 sold, 2 withdrawn and 2 passed in to give a Domain clearance of 81%.
Brisbane listed 67 auctions, reported 35 with 18 sold, 2 withdrawn and 15 passed in to give a Domain clearance of 51%.
Adelaide listed 39 auctions, reported 28 with 22 sold, 1 withdrawn and 5 passed in to give a Domain clearance of 79%.
Reading The Economic Tea Leaves
In this Rant, I go though the economic questions of the day – especially in relation to inflation and deflation.