It has been a busy time in the Adelaide Real Estate market in the last month, with more people attending opens with offers on properties and many sales for good prices being achieved.
For Sale, by tender, offers closing is the preferred method of sale in most circumstances with the auction market flat and not doing justice to some of the beautiful homes who have chosen this sale option.
The latest available Real Estate figures show clearance rates for auctions last weekend in Adelaide was 48%.
House approvals for October fell sharply to be 7.6% down when pundits had expected only a slight drop of 1.6%. A reflection, I think, of consumer confidence which is still pretty low out there… not helped when you see an Australia icon like Rosella tomato sauce go into administration. Great today to see the Reserve Bank has lowered interest rates which should stimulate the retail market leading into Christmas.
Enjoy the frenetic race into Christmas with all the fun and catchups involved, but most importantly leave lots of energy and time for the most important part of your life, your family and friends.
Wednesday, December 5, 2012
Wednesday, October 10, 2012
Good news if you are wanting to update or extend your home...
With demand cooling, the big price jump experienced in building costs in the early 2000's has plateaued or only increased slightly.
More good news, Adelaide is one of the cheapest places in Australia in terms of building. A full brick quality home in Adelaide of 150-350sqm costs $2,080/sqm approx, while in Brisbane, the most expensive to build to this standard is $3,240/sqm. That is a whopping 55% more!
We at JGRE have experienced a huge start to Spring, after a flat but steady Winter. Buyer interest and attendance at opens is up, which is concrete (excuse the pun!) confirmation of a Westpac report stating home buyer sentiment ('When is the time to buy a dwelling') surged by 9.6% in October.
With demand cooling, the big price jump experienced in building costs in the early 2000's has plateaued or only increased slightly.
More good news, Adelaide is one of the cheapest places in Australia in terms of building. A full brick quality home in Adelaide of 150-350sqm costs $2,080/sqm approx, while in Brisbane, the most expensive to build to this standard is $3,240/sqm. That is a whopping 55% more!
We at JGRE have experienced a huge start to Spring, after a flat but steady Winter. Buyer interest and attendance at opens is up, which is concrete (excuse the pun!) confirmation of a Westpac report stating home buyer sentiment ('When is the time to buy a dwelling') surged by 9.6% in October.
Please join us at our office at 60 Kensington Road, Rose Park for our next Gallery At 60 opening, where we sponsor emerging artists.
Brogan Stanley-Best is an incredibly talented young portrait artist. Come along and commission one for your children or family.
Janice Lane is fresh back from exhibiting in New York, while Mal Wass' striking symbolic paintings on wood and his stunning sculputures would be a standout in any setting.
By popular demand, Todd 'Romy' Romanowycz is joining us again with new works and ideas.
The organisation being supported is Sight For All.
You are invited to the opening on Thursday 25th October 6-8pm.
Brogan Stanley-Best is an incredibly talented young portrait artist. Come along and commission one for your children or family.
Janice Lane is fresh back from exhibiting in New York, while Mal Wass' striking symbolic paintings on wood and his stunning sculputures would be a standout in any setting.
By popular demand, Todd 'Romy' Romanowycz is joining us again with new works and ideas.
The organisation being supported is Sight For All.
You are invited to the opening on Thursday 25th October 6-8pm.
Tuesday, September 11, 2012
Appreciating What We Have
“I love a sunburnt country, A land of sweeping plains, Of ragged mountain ranges, Of droughts and flooding rains...”.(Dorothea Mackellar)
Living in Australia, and particularly Adelaide is the envy of the global community.
Yet despite our laid back attitude, polls show that we are a country ready to see the glass half empty, and often in the case of the printed media... There is no water in there at all!
Yes, real estate prices have flattened, and in some areas, and with some properties, prices have come back. I think we need to note, however, prices of property in SA have enjoyed spectacular rises in the last decade and provided a significant nest egg for those owners.
The flip side is that it has meant home ownership, let alone upgrading, has become an impossible dream for many.
Traditionally, owning your own home has been a goal to which all Australians have aspired. With interest rates steady after significant reductions, there are signs of increased activity and more buyer confidence. Dwelling values across Australia increased in July for the 2nd consecutive month.
If house prices remain flat for a while, so be it.
We live in a city rated the 6th most liveable in the world...BORING??
To quote Mike Smith, CEO ANZ, ‘Boring is the new black and we are happy to be boring’.
Look what is happening elsewhere.
Isn’t it ok to be boring for a while?
Thursday, September 6, 2012
With Winter having come to an end it is time to reflect on the previous three months.
According to RP Data, home values in our capital cities rose by 1.6% over the last three months.
Sydney and Melbourne both saw positive results, with an increase in capital growth of 2.4% and 2.5% respectively.
Adelaide and Canberra also saw gains of 1.4% and 1.2% respectively.
Let’s hope Spring brings more positive figures!
According to RP Data, home values in our capital cities rose by 1.6% over the last three months.
Sydney and Melbourne both saw positive results, with an increase in capital growth of 2.4% and 2.5% respectively.
Adelaide and Canberra also saw gains of 1.4% and 1.2% respectively.
Let’s hope Spring brings more positive figures!
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