The Domain iPad App has been selected for the “App Store Rewind 2011” featured content collection.
This feature collects the year’s best and most downloaded apps, chosen by the App Store editorial team.
Domain is the only real estate app in the whole collection.
Asian buyers are vital to the success of future residential developments and developers must engage with them, says Morry Schwartz, head of Melbourne-based property developer Pan Urban.
Speaking to Property Observer, Schwartz says Chinese buyers from countries like Malaysia and Indonesia see a country like Australia as a safe haven for the long term.
“Sometimes Chinese people who are living in Malaysia or Indonesia feel slightly insecure about buying where they live because there may be anti-Chinese sentiment in those countries,” he says.
Keller Williams, the second largest real estate group in the US, is “actively pursuing relationships in Australia” as part of a global push to add 75,000 associates to the organisation over the next decade.
“We are looking at expansion opportunities around the globe – including countries of all sizes,” Chris Heller, president of KW Worldwide, told Real Estate Business.
The estimated three quarters of principals who are absorbing advertising costs for rental properties can stop these dollars leaking from their business with some simple changes to their sales pitch, the head of rental listing website rent.com.au has claimed.
“We believe now is a good time for property managers to turn the tables, and for good reason and justification, to position vendor paid advertising (VPA) as a standard item of business,” said rent.com.au CEO Mark Woschnak.
Victorian property buyers will have just 30 days to pay stamp duty from April next year as the state government slashes the payment deadline, which is traditionally 90 days from the date of transaction.
The Duties Act 2000 (Vic) amendment comes into effect on April 1 next year.
“Purchasers of property will now need to take account of the implications of the new stamping requirements when considering their finance requests,” says TressCox lawyer Dan Flynn.
Australian Property Monitors’ annual State of the Market has bad news for Brisbane homeowners. Photo: Rob Homer
The Brisbane property market has been the worst performer of the capital cities in the nation with the median house price taking a tumble of 7 per cent.
Australian Property Monitors released its annual State of the Market report this morning, which took stock of the performance of property markets in capital cities across the nation.
Top sale … This four-bedroom home in Swinton Avenue, Kew, went for $3.59 million on Saturday.
AUCTIONS in the inner east over the weekend appeared to be the only sector of the market to get a boost from the second interest rate cut in two months.
The clearance rate for the inner east hit 73 per cent, compared with the city average of 55 per cent, according to data supplied by agents reporting to the Real Estate Institute of Victoria.
REIV spokesman Robert Larocca said Melbourne’s clearance rate for the year is running at 56 per cent, a level not seen since 2004 when dummy bidding was outlawed, and well down on last year’s mid-70s average.
Stamp duty on homes is preventing older Australians from downsizing, a report says.
STATES and territories should drop stamp duty on homes to encourage older Australians to downsize as a housing crisis fed by an ageing population looms, a report says.
The report, to be released today, shows the number of 85-year-olds will increase five-fold by 2020 and 50,000 Australians will turn 100 by 2050.
The report says seniors are being locked into staying in the family home because expensive stamp duty can double the cost of moving to more appropriate housing.
Former head of Macquarie Group’s real estate and banking Bill Moss has bought Tasmania’s Cradle Mountain Lodge with a group of investors, amid a struggling tourism sector.
Moss Capital bought the property for $25 million through CBRE. It previously traded for $21 million in 2009.
Moss advocates investing in the tourism sector, which is struggling due to high Australian dollar, low patronage and cheap flights.
