A coastal city in Queensland has been tipped to experience growth of up to 11% this year... Online property industry may have new rival...
'The pick' for rising house prices in 2016
The Gold Coast's residential real estate market is the place to keep an eye on this year as Ray White's annual The Event auction yesterday saw a 53 per cent clearance rate, according to an article in the Australian Financial Review.
SQM Research managing director Louis Christopher has forecast growth of up to 11 per cent in Gold Coast prices and Ray White Group joint chairman Brian White said the auction results clearly showed that interstate buyers were checking the Gold Coast for property.
"If you had to pick a market for 2016 I would say it's the Gold Coast," White said.
Ray White Surfers Paradise chief executive Andrew Bell said buyers' and sellers' expectations were still not aligned.
"This is not too unusual for the Gold Coast market to get some sellers who think we are probably a little ahead of where we actually are," Mr Bell said. "And I think some of the buyers are still conservative on prices."
Cheaper homes and apartments made up the bulk of the sales and Bell says the more expensive end of the market had been very light in sales volumes.
"But I think we are going to see four or five $5 million sales and one over $10 million in the next few months and that will give people confidence that the market is moving again."
In depth: Fintech business HashChing's focus on brokers
Online property industry may have new rival
An online property company has announced a potential joint venture with realestateVIEW.com.au.
Onthehouse has launched the third property portal player with realestateVIEW.com.au, a space currently dominated by realestate.com.au and Domain, the AFR reports.
Last week, Onthehouse said they would go their own way to create a significant competitor in the Australian property portal market.
"If implemented this joint venture would provide the real estate industry with a scale platform to participate in the online real estate sector at a time when many are looking for an alternative to the existing online portals," Onthehouse chief executive Chris Meehan said.
Chairman Tony Scotton said the new JV would have 2 million unique browsers per month, and around 75 per cent of sale and rental listings.
In depth: Why business plans don’t work – and how to fix it so they do
The Gold Coast's residential real estate market is the place to keep an eye on this year as Ray White's annual The Event auction yesterday saw a 53 per cent clearance rate, according to an article in the Australian Financial Review.
SQM Research managing director Louis Christopher has forecast growth of up to 11 per cent in Gold Coast prices and Ray White Group joint chairman Brian White said the auction results clearly showed that interstate buyers were checking the Gold Coast for property.
"If you had to pick a market for 2016 I would say it's the Gold Coast," White said.
Ray White Surfers Paradise chief executive Andrew Bell said buyers' and sellers' expectations were still not aligned.
"This is not too unusual for the Gold Coast market to get some sellers who think we are probably a little ahead of where we actually are," Mr Bell said. "And I think some of the buyers are still conservative on prices."
Cheaper homes and apartments made up the bulk of the sales and Bell says the more expensive end of the market had been very light in sales volumes.
"But I think we are going to see four or five $5 million sales and one over $10 million in the next few months and that will give people confidence that the market is moving again."
In depth: Fintech business HashChing's focus on brokers
Online property industry may have new rival
An online property company has announced a potential joint venture with realestateVIEW.com.au.
Onthehouse has launched the third property portal player with realestateVIEW.com.au, a space currently dominated by realestate.com.au and Domain, the AFR reports.
Last week, Onthehouse said they would go their own way to create a significant competitor in the Australian property portal market.
"If implemented this joint venture would provide the real estate industry with a scale platform to participate in the online real estate sector at a time when many are looking for an alternative to the existing online portals," Onthehouse chief executive Chris Meehan said.
Chairman Tony Scotton said the new JV would have 2 million unique browsers per month, and around 75 per cent of sale and rental listings.
In depth: Why business plans don’t work – and how to fix it so they do
