Hunter Valley Vineyard Resort Property

An award winning vineyard resort in the Hunter Valley hamlet of Broke has been listed for sale through Ray White Commercial. The 4-1/2 star Nightingale vineyard resort complex at 1239 Milbrodale Road, Broke, is for sale via expressions of interest with selling agents Warren Plumb and Paul Hoare of Ray White Commercial Charlestown in Newcastle. Mr Plumb said the 22.4 hectare property included a boutique winery and cellar door, 30 acres of vines, a licensed restaurant and six luxury villas with a pool. There’s development approval for an additional 14 villas under community title. “This is an outstanding property located in one of ... read more...

Coogee Bay Retail Centre For Sale

Part of a blue chip retail centre in Sydney’s popular eastern suburbs is for sale through Ray White Commercial. Two lots in the busy Coogee Bay Village Shopping Centre are being sold by Phillip Elmowy of Ray White Commercial South Sydney. Mr Elmowy said the centre at 184- 196 Coogee Bay Road, Coogee, is in a prime location and the lots for sale are a major part of the shopping complex. “This is a rare opportunity for an astute buyer to acquire a valuable piece of commercial property with annual rental income of more than a million dollars,” he said. “Five of the ... read more...

Rate Rises To Push Rents Up $2 Billion

Rising interest rates will result in tenants nationwide collectively paying an extra $2 billion in rent over the next year, according to Australasia’s largest real estate and property group, Ray White. Ray White’s Director of Property Management, Ben White, said the Reserve Bank of Australia’s monetary strategy to increase official interest rates will flow on to the rental market. “Every force in the market place will be driving rents higher,” Mr White said. “The mortgages of rental property owners are becoming more expensive so it’s inevitable that this will result in rents going up. “Property managers can expect to be conducting a lot ... read more...

Ray White Records Best All-Time Sales Month

Australasia’s largest real estate and property group, Ray White, has recorded $886 million in residential sales in New South Wales for March, 2010, the all-time best monthly figure for the state. The result is 7.5 per cent higher than the previous record of $824 million, registered in March, 2007, and is the largest monthly figure since the global financial crisis. The latest monthly result was also a 43 per cent improvement on residential sales in March, 2009. Ray White NSW CEO Stephen Nell said the market to date had been absorbing the movement up in official interest rates, which this week ... read more...

Ray White Has Strongest Sales Since GFC

Australasia's largest real estate and property group, Ray White, today reported its strongest monthly sales results since the global financial crisis as the Reserve Bank of Australia (RBA) announced another rise in official interest rates. Ray White Joint Chairman Brian White said the RBA’s decision to lift the cash rate from 4.0 per cent to 4.25 per cent was no surprise given the strength of the Australian property market in March. “The Ray White Group in March had its best month since the onset of the GFC,” Mr White said. “Our residential and commercial sales were up 16 per cent on ... read more...

Ray White Sales up 20 per cent

Australasia’s largest real estate and property group, Ray White, has reported a 20 per cent improvement in its residential and commercial sales results for February, 2010. Ray White Chairman Brian White said preliminary figures showed the group in February achieved total sales of $2.310 billion, compared to $1.934 billion in the corresponding month in 2009. “After a slow start to the year we have had a very strong month in February,” Mr White said. “The market appears to be absorbing the interest rate rises we have had although we are not quite experiencing the sort of gains that we were achieving towards ... read more...

New South Wales Autumn Property Report

As Australia heads into the cooler months, it’s as difficult as always to predict what will happen with the property market. Overall performance and the performance of sub-markets around the country continue to surprise even the most experienced commentators. Two years ago at the beginning of 2008, the fabric of the global economy was fast unravelling in the midst of the Global Financial Crisis (GFC). By the middle of 2008 the Australian property market was marked by softening prices and a severe reduction in the number of properties transacted. Consumer confidence was at an all time low amid widespread talk of ... read more...

North shore tops auction sales with 100% clearance

AUCTIONS across Sydney have kicked off with an impressive 78 per cent success rate during early February listings. The lower north shore, one of last year's weakest auction precincts, has sprung back to life with agents scoring a 100 per cent clean sweep of its initial 13 property sales. The inner west and eastern suburbs were the next best performers with an 84 per cent clearance rate. It is not just auction sales that are booming, with private treaty negotiations concluding with the sale of a Belle Epoque-style Manly mansion, Fairy Bower, at a record $9.5 million plus. ... read more...