American Farmland Owner’s Post

SOLD AT AUCTION FOR $4,600,000 AT 4.5% YIELD This unit block of 9 units was sold within 30 days and attracted over 150 enquiries, 32 individual inspections, and 38 contracts issued. The property was converted to an Auction with only 7 days' notice highlighting our ability to adapt to current market conditions, reinforcing the strong demand for quality assets in strategic locations. Significant interest was shown from investors, developers, housing providers, and strata sell-down groups looking to capitalise on the current housing shortage and rising rents. With vacancy rates at an all-time low, the unit block market is poised for growth in income proving to be highly desirable. To discuss the sale of your unit block or commercial asset, please feel free to contact the team. Joseph Assaf Peter Vines Victor Sheu 许博超 Jai Sethi Jun (Troy) Wang Vee Li Sara Coptil Sarah Bortolazzo Jayky Wu Chantel Brillantes Monh Monh (Lyna) Ly Hannah Carney Christian Brillantes Robert Napoli Teresa Mullins Samuel Gong Joyce Elkouberci Thomas V. Callum McKay James Linacre RWC Western Sydney auctionWORKS Jesse Davidson #realestate #commercial #blockofunits #investment #investmentproperty #commercialrealestate #Parramatta #SOLD #Auction

The Weekly Buzz- 14 August The market is moving fast, in our recent blog we talked about not relying on Auction Day to buy your dream home as it may sell before. In this current market, good family homes, in good areas are often selling after one open for inspection. There are currently a couple of great homes in Malvern and Malvern East that only started on Saturday, and they are now “under offer”.   My advice if you are looking and see the right property, act quickly and don’t sit back for Auction Day. Vendors in some circumstances will look to sell before Auction with a strong offer.   Quoting Range and final selling prices are also a hot topic at the moment. One such property in Malvern East was quoted mid $3m range but ended up selling around 10% lower than the original quote. Auction Results (REIV) Auctions reported: 560 | Clearance rate: 71% This time last year: 503 | Clearance rate: 69% Sold 400 | Passed in 160 | Total volume: $463m Sold at Auction 320 | Sold Before Auction 80 Withdrawn 40 | Postponed 36 | Not reported 246   Private Sales Reported 110 | Total volume: $103m.   Notable Auction Sales * approx ·      20 Fern Avenue, Prahran sold $1.5m Quoted $1.3m-$1.4m ·      27 Brunel St Malvern East sold $3.675m Quoted $3.1m-$3.3m ·      32a Cromwell Rd South Yarra sold vicinity $1.70m Quoted $1.4m-$1.5m ·      3 Willis St Kew sold $1.810m Quoted $1.6m-$1.75m ·      6 Martin Cres Glen Iris sold $2.771m Quoted $2.3m-$2.45m ·      16 Macartney Ave Kew sold $2.758m Quoted $2m-$2.2m Recent Blog: https://lnkd.in/gnuXPSVg If you would like to discuss your property needs, please don’t hesitate to contact me directly.   #Stonnington #Boroondara #realestate #property #buyersadvocate #woledgehatt   Chris Guest CEA (REIV) B.Bus BUYER ADVOCATE 0412 085 241 chris@woledgehatt.com.au  www.woledgehatt.com.au    

Morning All & Happy Tuesday! Sharing the latest CoreLogic Property Market Indicator Summary for week ending 6th Aug - Here's what happened; - 𝐀𝐜𝐫𝐨𝐬𝐬 𝐒𝐲𝐝𝐧𝐞𝐲, 702 homes went under the hammer. With 544 results collected so far, 𝐒𝐲𝐝𝐧𝐞𝐲'𝐬 𝐩𝐫𝐞𝐥𝐢𝐦𝐢𝐧𝐚𝐫𝐲 𝐜𝐥𝐞𝐚𝐫𝐚𝐧𝐜𝐞 𝐫𝐚𝐭𝐞 (𝟔𝟗.𝟏%) dipped below the 70% mark for the first time since mid-March. - 761 homes auctioned across 𝐌𝐞𝐥𝐛𝐨𝐮𝐫𝐧𝐞 with 𝟕𝟏.𝟗% 𝐨𝐟 𝐭𝐡𝐞 𝟔𝟎𝟒 𝐫𝐞𝐬𝐮𝐥𝐭𝐬 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐞𝐝 𝐬𝐨 𝐟𝐚𝐫 returning a successful result. - 𝐀𝐝𝐞𝐥𝐚𝐢𝐝𝐞 was the busiest auction market across the smaller capitals, with 105 homes taken to auction across the city. This was followed by 𝐁𝐫𝐢𝐬𝐛𝐚𝐧𝐞 (83), and 𝐂𝐚𝐧𝐛𝐞𝐫𝐫𝐚 (82). - 𝐁𝐫𝐢𝐬𝐛𝐚𝐧𝐞 recorded its highest preliminary rate since early June, with 𝟕𝟒.𝟔% 𝐨𝐟 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐫𝐞𝐬𝐮𝐥𝐭. 𝘾𝙖𝙣𝙗𝙚𝙧𝙧𝙖 (𝟕𝟏.𝟒%) recorded an 80 basis point increase in its preliminary clearance rate this week, while 𝐀𝐝𝐞𝐥𝐚𝐢𝐝𝐞'𝐬 𝐩𝐫𝐞𝐥𝐢𝐦𝐢𝐧𝐚𝐫𝐲 𝐜𝐥𝐞𝐚𝐫𝐚𝐧𝐜𝐞 𝐫𝐚𝐭𝐞 𝐟𝐞𝐥𝐥 -𝟔.𝟏 𝐩𝐞𝐫𝐜𝐞𝐧𝐭𝐚𝐠𝐞 𝐩𝐨𝐢𝐧𝐭𝐬 𝐭𝐨 𝟕𝟔.𝟕%. Personally, I'm currently obsessed with 𝐌𝐚𝐢𝐧 𝐁𝐞𝐚𝐜𝐡 - it's my dream to own an ocean front unit there. One of the top two sales last week was in Lennie Ave $4.3M, with nearly 300 squares of living & situated on the 24th floor it's like you're living on top of the world 😍 Massive congrats to the new owners, just living their best life ❣ #corelogic #property #propertyinvestment #marketanalysis #marketinsights #auction

The Weekly Buzz- 17 July The spring market seemed to arrive early with a big launch weekend of properties in both Stonnington and Boroondara. Inspection numbers were certainly up, many agents run off their feet trying to keep up with registering names and numbers at quite a few properties I inspected. Lines were out the door at some properties. If you have been waiting to buy, what does that mean for prices?  Will the flood of property transpire into a price dip or will they remain steady? Time will tell in a few weekends when a large number of Auctions are conducted on 29th July and the 5th August. Auction Results (REIV) Auctions reported: 398 | Clearance rate: 78% This time last year: 511 | Clearance rate: 67% Sold 312 | Passed in 86 | Total volume: $324m Sold at Auction 227 | Sold Before Auction 85 Withdrawn 32 | Postponed 53 | Not reported 105   Private Sales Reported 122 | Total volume: $85m.   Notable Auction Sales   ·      8 Eucalypt Avenue Malvern East- quote $1.35m-$1.45m- sold $1.4m ·      83 Baker Parade Ashburton quote $1.55m-$1.65m – sold $1.8m (613sqm- $2,936/sqm) ·      28A Fakenham Road Ashburton quote $1.75m-$1.85m- sold $1.905m (310*approx.- $6,145/sqm)   How we treat our clients; Privacy ·      We believe in protecting your interests and will not divulge your personal details to anyone. We do not share commissions with selling agents or any other third parties.   Objective and direct approach ·      We believe in clear and open communication and value implicitly the trust that you bestow in us. We will not sugar-coat our advice. If we think the home is not a great fit for you, we will tell you.   To discuss your property needs, please don’t hesitate to contact me directly.   #Stonnington #Boroondara #realestate #property #buyersadvocate #woledgehatt   Chris Guest CEA (REIV) B.Bus BUYER ADVOCATE 0412 085 241 chris@woledgehatt.com.au  www.woledgehatt.com.au    

Selling your home through a residential real estate auction is a great way to quickly sell your property without the hassle of a traditional real estate sale. Besides knowing exactly when the deal will close, you don’t have to worry about negotiating with multiple buyers or making specifically requested improvements in order to sell. While you technically don’t need to do anything to prepare for your real estate auction, there are several things that we recommend you do so that you can get the best sale possible: https://lnkd.in/g8emAZWG #lastbidrealestate #lbre #lastbidrealestateauction #realestate #realestateauction #realestateonlineauction #onlinerealestateauction #onlineauction #warehouse #commercialproperty #commercialpropertyforauction #commercialpropertyauction #commercialpropertyonlineauctiom

The Weekly Buzz- 4 December   As we inch closer to the end of the real estate sales year, results are still strong with a clearance rate of 73% over the weekend. This time of year we tend to see “off market” or “pre market” properties being presented to us for the last few weeks of the year. If you are keen to secure something this year, please don’t hesitate to reach out for a discussion. Auction Results Victoria (REIV) Auctions reported: 742 | Clearance rate: 73% This time last year: 969 | This time last year: 68% Sold: 540 | Passed In: 202 | Total volume $658m Sold at Auction 413 | Sold Before 126 | Sold After 1 | Not Reported 586 Private Sales: 237 Reported | Total volume $195m Auction Results Stonnington 35 Cawkwell St Malvern - $1.9m-$2m- sold $2.365m 74 Union St Armadale- $4.4m-$4.6m- sold $4.650m 10 Central Park Rd Malvern East- $4.8m-$5.2m- sold $5.520m  13 Avondale Rd Armadale- $6m-$6.5m- sold $6.550m 2/27 Glenbrook Ave Malvern East- $1.2m-$1.3m- passed in 41-43 Cliff St South Yarra- $2.2m-$2.4m- sold $2.385m 42 Edsall St Malvern- $1.5m-$1.65m- passed in 5/69 Denbigh Rd Armadale- $1.55m-$1.7m- sold $1.7m 30 Ross St Toorak- $3m- sold circa $3.6m 1109/800 Chapel St South Yarra- $1.1m- $1.2m- sold $1.130m  18 Albert St Malvern East- $3m-$3.3m- sold circa $3.3m 20 Turner St Malvern East- $4m-$4.4m-passed in 19 Findon St Malvern East- $1.8m-$1.9m- sold circa $1.9m 39 Boston Ave Malvern East- $1.75m-$1.9m- sold $1.899m  8 Duffryn Place Toorak- $3.8m-$4.18m- sold circa $3.8m   Boroondara 45 Haines Street Hawthorn $1.45-1.55m – passed in 3/17 Hollsmoor Road Camberwell $1.4-1.5 – sold $1.455m 3/40 Wandsworth Road Surrey Hills $1.4-1.54 – sold $1.550m 29 Hortense St Glen iris- $3.1m-$3.4m- passed in 1 Victor Rd Glen Iris- $4m-$4.4m- passed in 1/694-696 Riversdale Rd Camberwell- $1.4m-$1.5m- passed in 5a Neave St Hawthorn East- $4m-$4.2m- sold $5.018m  44 Francis Cres Glen Iris- $2.3m-$2.5m- passed in 12 Alta St Canterbury- $3m-$3.3m- sold $3.560m 49a Connell St Hawthorn- $1.7m-$1.87m- sold circa $1.9m 15 Woodlands Ave, Camberwell- $2m-$2.1m- sold $2.810m  32 Seaton St Glen Iris- $2.4m-$2.6m- sold $2.745m  21 Victoria Ave Canterbury- $6.9m-$7.5m- sold undisclosed 20 Ranfurlie Cres Glen Iris- $5.7m-$6.2m- sold $6.025m    If you are in the market and would like to discuss our services, please don’t hesitate to contact me directly.   #Stonnington #Boroondara #realestate #property #buyersadvocate #woledgehatt Chris Guest CEA (REIV) B.Bus BUYER ADVOCATE 0412 085 241 chris@woledgehatt.com.au  www.woledgehatt.com.au

Weekly Wrap I'm back with your weekly wrap-up of what is making headlines in real estate this week. The national auction clearance was 72% from 2,275 auctions, illustrating resilience in the housing market given it was the busiest auction weekend since prior to Easter. Adelaide lead the nation with an auction clearance rate of 88.2% from 127 auctions with a median sale price of $850,000, compared to the national median of $1,250,000. New home sales are up by 35% in South Australia, although well and truly behind pre-pandemic sales. According to HIA (Housing Industry Association), 2024 is shaping up to produce the lowest number of new home starts for a decade. It will be an exciting week ahead as the spring season is underway this week and with over 2,400 properties due to go under the hammer it will be a great test of the market heading into the busiest time of year. Have a great week. YG

Take a look at this fascinating tale of a Newport property that went under the hammer for an impressive $1,675,000! This home is unique in its own right, with custom features that set it apart from the rest. It's interesting to note that even those buyers who hadn't initially thought of investing in the inner west area were attracted to this distinctive property. The house's uniqueness is a testament to the fact that well-thought-out and personalized features can significantly increase a property's value. It's a great example for those looking to invest in real estate - a property's uniqueness can be its strongest selling point. In another exciting property auction, a family made a last-minute bid of $500, securing a charming $1.5m house in Cheltenham. The auction winners had to be coaxed to dig deep into their pockets for the delightful home, but it was worth every penny. This story serves as a reminder that sometimes, a little extra push is all it takes to secure a dream property. It's a competitive market out there, but with the right strategy and a bit of perseverance, success is within reach. For more on these stories, click the link below to read the full article. https://lnkd.in/gCkBiGDR