Monday, 10 June 2013

Realestate Auctions take off out west By Tim McIntryre The Daily Telegraph June 10, 2013 8:10AM

Realestate

Auctions take off out west

By Tim McIntryre
The Daily Telegraph
June 10, 2013 8:10AM

A general shortage of available stock in Sydney's west is pushing prices up / File

SYDNEY'S severe property supply shortage has spread to the outer western suburbs, where frustrated buyers are paying up to $80,000 above the price guide for average family homes at auction.

Houses in Penrith and surrounding suburbs are going under the hammer as agents convince vendors to cash in on a market where desperate buyers are prepared to do what it takes to put a roof over their heads.
"Five years ago, there were no auctions in Penrith,'' Paul Wallace of Property Central said.
"It was a 'city' thing. In the last two years, we've taken around 125 properties to auction, 60 per cent of which have sold above reserve.''
Two big recent results were in Emu Plains, where one house with a guide of $399,000-plus sold for $480,000, while another at $499,000-plus sold for $530,000.
In both cases, the price was pushed up by competitive bidders.
"The price guide is the most important thing,'' Mr Wallace said.
"If people see value, it generates competition and we see a good end result.''
Ray Fayad, of Laing + Simmons Granville, sold a house at Pendle Hill for $626,000 - more than $50,000 above reserve.
"A year ago I would have put a guide of $530,000 on that property,'' Mr Fayad said.
"In this market, sales and rentals are both strong, rather than just one or the other. First-home buyers and investors want to secure something now, because they think prices will rise again.''
Experts said a general shortage of available stock was pushing prices up.
"There are certainly more buyers and less listings in the west than 12 months ago,'' SQM Research managing director Louis Christopher said.
"In April, there were 8856 houses listed in Sydney's west. The April before, there were 9587,'' he said.
"In August 2008, when the Sydney market was in downturn, there were 16,800 properties listed. That is twice as many as now, with a fraction of the potential buyers.''
Auctioneer Charles Baynie, of Real Success Group, said big government spending on western corridor infrastructure projects, such as widening of the M4 and M2 freeways and the $45 million western Sydney parklands development, was also a factor.
"There's so much happening in the area and people are moving there,'' he said.
David and Dani Coghlan decided to take their South Penrith house to auction. They advertised their property for a June 19 auction and have been "inundated with offers''.
"People are just getting used to auctions out our way; it's not like the inner west or the city. They generate plenty of buzz,'' Mr Coghlan said.
Shane Cook recently bought a house in Emu Plains at auction with his wife, Elaine.
"I had a figure in mind and ended up going above that, but at the end of the day, we needed a house,'' Mr Cook said.
"I was surprised at how much competition there was on the day.''

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Wednesday, 5 June 2013

Traders Watch List – General Growth Properties Inc (NYSE:GGP), Northstar Realty Finance Corp. (NYSE:NRF) Submitted By Fast Moving Stock on June 05, 2013 - 02:13 PM

Traders Watch List – General Growth Properties Inc (NYSE:GGP), Northstar Realty Finance Corp. (NYSE:NRF)

Submitted By Fast Moving Stock on June 05, 2013 - 02:13 PM NEW YORK, June 5, 2013 — (Tech Sonian) — FastMovingStock.com is engaged in providing valuable ideas and news information on U.S. stocks on a regular basis. FastMovingStock.com provides detailed research guides on small cap and large cap stocks, helping investors in making wise stock market investment decisions through its free e-newsletter to subscribers. Have a look at today’s picks – General Growth Properties Inc (NYSE:GGP), Northstar Realty Finance Corp. (NYSE:NRF)
REIT Retail industry of the Financial Sector is in the news. General Growth Properties Inc (NYSE:GGP) remained a high volume stock in its industry and showing bearish movement during the last trading session, also Northstar Realty Finance Corp. (NYSE:NRF) gained attention of investors, and both stocks were showing superb trends during previous trade.
General Growth Properties Inc (NYSE:GGP) reported that, in Chicago, Illinois, the CEO of the company, Sandeep Mathrani and CFO, Michael Berman, will present at REITWeek 2013 NAREIT’s Investor Forum, on Thursday, June 6, 2013 at 11:45 a.m. Central Time.
Can GGP Show a Strong Recovery? Find out in This Research Report
Financial sector stock showing negative movement during previous trade, General Growth Properties Inc (NYSE:GGP) remained among the day decliners and traded with volume of 4,286,500 shares in the last trading session, as compared to average volume of 4.10 million shares.
The stock on Tuesday decreased -1.71% and finished the day at $20.07. GGP was a loser in the 5 days activities and slipped about -6.82%. The 52 week range of the stock remained $15.85 – $23.33. The one month performance of the stock was negative and it fell more than -12%.
Northstar Realty Finance Corp. (NYSE:NRF) unveiled that, in Chicago, IL, the President of the company, Al Tylis and CFO, Debra Hess, will present, at the REITWeek 2013 Investor Forum, on Thursday, June 6, 2013, at 8:45 a.m. Central Time, at the Hilton Chicago.
Should NRF be a Buy or Sell Now? Find Out Here
Northstar Realty Finance was moving upward during the previous trading session. Northstar Realty Finance Corp. (NYSE:NRF) traded with an upsurge of 2.89% and closed at $8.54, after gaining total volume of 4,051,400 shares, Its opening price was $8.32.
If we look at the previous six month’s performance of the stock, it remained optimistic with the gain of 28.42%. In its last one month’s trade it plunged -13.74%. Northstar Realty Finance’s earnings per share is $-1.91, while its beta value stands at 1.85 times. NRF has total market capitalization of $1.83 billion, with a total of 214.73 million outstanding shares.
About Fast Moving Stocks
FastMovingStock.comis engaged in providing valuable ideas and news information on U.S. stocks on a regular basis. FastMovingStock.com provides detailed research guides on small cap and large cap stocks, helping investors in making wise stock market investment decisions through its free e-newsletter to subscribers.
Disclaimer:
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Tuesday, 2 April 2013

Playing up to the market By Nathan Mawby Herald Sun April 01, 2013 9:10AM

Selling

Playing up to the market

By Nathan Mawby
Herald Sun
April 01, 2013 9:10AM

Lyn Raward had a pizza party at her home in Brisbane for prospective buyers. Pic Peter Wallis.

IT'S getting harder to make properties stand out when it comes time to sell.

In a heavily digitised world, a click of a button brings up dozens of properties with the same attributes and amenities.
But rather than rely on luck, a handful of enterprising vendors and agents are finding new ways to stand out from the crowd.
Realestate has explored some of the more unusual and often effective methods that may end up changing the face of selling property.
CROWD PLEASING
Thousands of Melbourne properties go under the hammer each month, so just getting buyers to your auction can be a battle, and it's often difficult for the auctioneer to coax hands out of pockets.
Coffee vans trawl auction sites to warm up bidders in the winter months and ice cream trucks are among the summer sweeteners luring bidders.
But with real estate running second to the AFL as a weekend Melbourne pastime, some agents have turned to the sport to help them kick goals.
Richmond midfielder Brett Deledio managed only the one disposal at an Ormond auction earlier this year, but after signing the football before handing it off to the first bidder to break the $800,000 mark, it was an effective touch, according to Buxton auctioneer Craig Williamson.
"It got the numbers up - we had called $840,000 on it ahead of the auction, but it went for $915,000 . . . and a football,'' he said.
Ray White auctioneer Andris Crawford, faced with the challenge of an AFL Grand Final day auction last year, held a raffle immediately afterwards to give away a ticket to the game - bringing in a hefty crowd for the event.
COMMUNITY INVOLVEMENT
The next best thing to bidders at an auction, is a crowd, says Mr Williamson.
"There's certainly a correlation between a big crowd and a positive atmosphere and the premium prices being paid for properties,'' he said.
Mr Williamson has used local musicians, face-painting, sausage sizzles and balloons to bring out the local community for auctions.
"A lot of local residents have a general interest in real estate anyway - they like to see what's happening in their suburb out of interest - (but) this was like a carnival. From down the street, you could hear the live music and (people) were drawn to it,'' he said.
A Warwick St, Bentleigh East, auction with the treatment sold for $627,000 - $37,000 over its reserve price - while a townhouse in Smith St, Hampton, went for $1.59 million, far above the $1.4 million expected. Both attracted about 200 people.
SELLING SUBURBS
The local community and lifestyle are a major factor in residential sales.
But Hall and Hall director John Richards has furthered the concept, using video interviews with local businesses to let local personality make it seem more like home.
"(It shows) why you would want to live in the suburb, and then you are on your way to selling them a property in the area or nearby,'' he said.
"The location would be, say, 70 per cent and the bricks and mortar would be 30 per cent . . . once you have them settled on an area, you start talking to them about their range.''
In theory, the process increases the buyer base for a suburb and buyers get a feel for the locals.
MAKE IT MEMORABLE
Good photography or a video of a property can help it stick in the mind of potential buyers.
Even baking some cookies or making some coffee just before an inspection can help make your home stand out.
But a recently listed Italianate manse on Phillip Island is offering prospective buyers a literal taste of the property, with each receiving a hamper of home-grown cucumbers, lavender, lettuce, rhubarb and zucchini. There's even a pot of home-made raspberry jam and bottle of olive oil made on site at Villa Fortuna in Cowes.
The four-bedroom villa is tempting buyers in the $4.5 million range and needed an edge, says Mr Richards.
"The idea is that it keeps the memory alive and they go home and they are cooking and they use the olive oil and they see Villa Fortuna on it,'' he said.
He believes similar approaches will soon be more common for properties with price tags north of $1 million.
Andrew Thomson, whose Benalla home has been on the market for more than a year, has tried a different tactic and recently offered to fly Queensland flood victims to it.
"I'm hoping to fly a successful bidder down - last time there were bad floods in Queensland, my real estate agent said he was inundated with people looking to move down to Victoria,'' Mr Thomson said.
He's also targeting city-slickers intimidated by the extensive lawn, offering to include a full year of lawn-mowing services for the 93 Grant Drive property.
Tell us your story
If you have seen or used an unusual approach to selling real estate send an email to: nathan.mawby@news.com.au