Whilst there are a number of houses in Sydney selling for over $1million, and is considered one of the most expensive market to purchase a house in Australia, the headlined median price of $930,000 does not necessarily apply to the overall Sydney market. The headline median price reflected the average price of houses that was […]
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PEXA has revolutionised property settlement
Posted date: November 10th 2014 . Author Gregory Preston .
Buying and selling property electronically is now a reality for Australian Property Lawyers and Conveyancers with Australia’s first national e-Conveyancing network, Property Exchange Australia (PEXA). Today, PEXA launched full functionality in New South Wales, with the ability to complete property transfers online. The introduction of electronic conveyancing in Australia is the biggest industry reform for […]
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Activity in the Australian hotel market is heating up
Posted date: October 8th 2014 . Author Gregory Preston .
The Australian hotel market is running hot according to The Australian newspaper; and considering we ranked 3rd most popular hotel investment destination within the Asia Pacific for the first 6 months of this year, that’s not surprising (AFR). During the first half of 2014 investors spent $US654 million on Australian Hotels which is a 10 […]
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Image source: Infrastructure NSW, The NSW Government
Infrastructure expected to create emerging locations
Posted date: October 8th 2014 . Author Gregory Preston .
Development, investment and business opportunities are expected to arise from the boost to infrastructure spending announced in the 2014-2015 Federal Budget. Over the next decade the large volume of road and rail projects will improve mobility and congestion amongst major cities; as a result we will see cheaper emerging locations in Western Sydney, Melbourne and […]
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Frenzied auction, low retail yields – can they be repeated with individual sales?
Posted date: October 8th 2014 . Author Gregory Preston .
Seven 7-Eleven convenience stores and service stations in NSW were bought at a Sydney auction in August by private investors for a combined total of $33.085 million, with a benchmark yield of 3.85 per cent and average yield of 4.6 per cent (The Urban Developer). The properties sold by the BRW Rich List Withers & […]
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