Hot Property: Biggest headlines from the week that was - 4
Here are the biggest property stories from this week.
Welcome to Smart Property Investment’s new weekly round-up of the stories that are most important to you as an investor.
To compile this list, not only are we taking a look at the week’s most-read stories and the news that matters to you, but we are also curating it to include stories from our sister platforms that could have an impact on your investment journey.
We’re about to see the best buying opportunities in the last decade, according to Tom Panos, who has said: “Stock level is flying in. I’ve booked so many auctions.”
Proving a pandemic is as good a time as any to launch a new business venture, a former LJ Hooker sales director has kicked off a new online agency to upend the traditional notions of real estate.
Alex Lumsden is taking up the helm of Lumsden Agency, an online, digital-first marketing company with a focus on visual marketing and digital advertising.
The Agency has expanded to the Central West region of NSW after eyeing an opportunity too valuable to pass up – with a particular focus on Dubbo, Orange, Bathurst and Mudgee.
The move sees highly regarded local agent Monica Henley and business development manager Justine Campbell welcomed to The Agency’s fold.
McGrath Estate Agents has opened a new office in Mansfield, Victoria, as part of its goal to extend its presence into key regional lifestyle areas on Australia’s east coast.
Its move follows the launch of the group’s new Albury/Wodonga office last month.
Investors planning to borrow up to their maximum capacity, rely on bonuses or commissions, or purchase property in high-density postcodes have been warned that restrictive lending policies established in response to COVID-19 are unlikely to ease anytime soon.
COVID-19 has featured much in commentaries on Sydney and Melbourne’s property markets, but the same can’t be said for another east coast capital.
Phil Tarrant and Melinda Jennison break down the Brisbane market – from the worst of the pandemic to now.
The top region by eligible HomeBuilder properties is Melbourne - south east, with 157,364 properties worth less than $1.5 million, followed by Perth - north west at 145,889 and Melbourne - west at 141,444 properties.
Melbourne appeared two more times on the list, with Melbourne - outer east ranked fifth with 130,307 properties and Melbourne - north east at 108,354 properties.
More from this writer:
-
Gen Z and Millennials set to strike property market within 5 years
-
‘Cyber criminals have their sights set on property transactions’ as alarm raised for investors
-
5 Wollongong, Central Coast and Sydney suburbs earmarked for development
-
What are Australia’s best regions for rental yield?
-
Is there already a canary in the coal mine for Australia’s 1.2m homes target?
-
Geelong and Bendigo shine in ‘balanced’ Victorian market
-
Will a university education help you buy a house?