House prices in Kingston’s south are bouncing back from tough times, the latest figures show.
Real Estate Institute of Victoria statistics for the March quarter show impressive median price increases in Patterson Lakes (25.4 per cent), Edithvale (19.1 per cent), Chelsea (13.8 per cent) and Aspendale Gardens (12.6 per cent).
Although each suburb in the Mordialloc-Chelsea area recorded fewer than 30 sales for the quarter, real estate agents said the increasing prices were the result of higher demand.
Ray White Mordialloc director Greg Scherwinski said it was clear the local market was beginning to pick up.
“Demand is back and we’ve really seen ... read more...
By Leesa Paull
While residents of Townsville were bracing for Cyclone Yasi, one of the worst cyclones to hit Australia since 1918, Ray White Townsville City was preparing for postcyclone communication strategies.
With over 600 property managements on its books, the team saw an opportunity to use its new G5 system to its fullest advantage.
Principals Kaye and Brad Matheson, plus Senior Property Manager Chantel Mackenzie created and uploaded a spreadsheet in G5, hoping that it would create a central portal for all tenants, landlords and Ray White Townsville City’s staff to access.
Once the cyclone had passed ... read more...
Any increases in rents because of the floods will be short-lived and driven by desperate tenants and not greedy landlords.
RP Data estimates that the pressure of rebuilding, along with higher interest rates, could push up rental costs more than 5 per cent this year, but real estate agents and property managers expect the shortage of accommodation caused by an influx of tradespeople to Queensland to work on repairing and rebuilding houses and units will be short-lived.
Emily Sim, the national operations manager for property management technology provider Apmasphere, likens it to the ... read more...
New Zealand's property market is due for pockets of growth in 2011, according to the largest property group in Australasia Ray White.
Ray White New Zealand Chief Executive Carey Smith says that with the Rugby World Cup mid year he sees investment properties returning to popularity.
"The demand for construction in Canterbury and the increased infrastructure spend by the Government will have an impact on the growth of the property market in 2011 alongside market interest that will coincide with the Rugby World Cup," Mr Smith explains.
"Overall, as we move into 2011 the property market will remain consistent. Good properties will always ... read more...
In November 2004, South Brisbane Principal Dean Yesberg decided the time was right to expand his successful real estate business. A long awaited opportunity had come up to take over the inner-city Ray White franchise and Dean took the unusual step of opening up shop in a retail premises in the heart of Brisbane’s CBD.
In less than five years, the CBD business has grown rapidly. Today Ray White CBD has more than 20% share of the local market, employs 20 people and is on track to turn over more than $80 million this year.
Effective succession planning has been ... read more...