Unusual Clare property with income potential has interstate buyers talking

Calling all interstate buyers. If you’re travelling to Adelaide for Christmas and New Year to scope out the local property market, then this Clare property is a must inspect while you’re here. Positioned on one of the area’s largest residential landholdings with the possibility of drawing an additional income, not to mention the home’s unusual … Continue reading “Unusual Clare property with income potential has interstate buyers talking”

Calling all interstate buyers. If you’re travelling to Adelaide for Christmas and New Year to scope out the local property market, then this Clare property is a must inspect while you’re here.

Positioned on one of the area’s largest residential landholdings with the possibility of drawing an additional income, not to mention the home’s unusual circular design, 261 White Hut Rd is as good as it sounds.

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261 White Hut Rd, Clare. Supplied by realestate.com.auSource:Supplied

Best of all, it’s listing price of $990,000 is something most Sydneysiders can only dream of.

Selling agent Mark O’Meagher of Ray White Clare Valley said the home was already fielding plenty of interest from buyers but expects the property to be of particular interest to out-of-towners during the holiday season.

261 White Hut Rd, Clare. Supplied by realestate.com.auSource:Supplied

“Interest so far has come from locals and interstate – which is no surprise really as, when you look at the dollar-for-dollar value when compared to Sydney or Melbourne, this property is undoubtedly value for money,” he said.

“It’s located only five minutes from Clare, has amazing views, and 40.29ha of land which can be used for cropping or livestock agistment as an additional income.

261 White Hut Rd, Clare. Supplied by realestate.com.auSource:Supplied

“So that’s what’s piqued buyer interest as well as the fact that interest in the Clare region in general has been quite high.

“There’s been a big tourism push with people starting to realise what’s up here. So we’re finding that more out-of-towners, who previously were looking for homes in the Barossa and the McLaren Vale, are now looking in the Clare Valley.”

261 White Hut Rd, Clare. Supplied by realestate.com.auSource:Supplied

Built by the vendors in 2000, Mr O’Meagher said the property would suit a variety of buyers but predicted it would sell to a professional couple.

“It really is an amazing home. It has four bedrooms, two bathrooms and an open-plan living space designed to the capture the property’s easterly views,” he said.

261 White Hut Rd, Clare. Supplied by realestate.com.auSource:Supplied

“It also has excellent shedding and comes with a water license of 22,182 kilo litres, on top of 52,000l of rainwater storage and 190,000l bore fed water – which is important if you want to grow crop on the land.”

Clare is a prominent wine and agricultural region in SA and located a two-hour drive north of Adelaide.

Why location is everything in real estate1:58

Why location is everything in real estate

  • September 10th 2018
  • 3 months ago
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    Originally published as This Clare property will have interstate buyers talking

These are the suburbs buyers have been turning to in the past three months…

Adelaide’s mover and shaker suburbs for price growth in 2019 are likely to be found in the north and west, according to new data by realestate.com.au.

The property search website has released a list of areas that experienced a surge in buyer “clicks” per listing over the three months to the end of November.

Para Hills West, which sits in the Salisbury Council area, about 17km north of Adelaide’s CBD, topped the list, moving from 178 to 77 in the suburb popularity stakes.

Vale Park, Hampstead Gardens, Ingle Farm and Dernancourt from the north and northeast also made the top 10.

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Adelaide buyers spoiled for choice

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5/40 Ceafield Rd, Para Hills West is on the market with Harcourts Sergeant and has an asking price of $249,000 to $269,000.Source:Supplied

In the west, meanwhile, buyers were increasingly turning to Largs North, Camden Park, Brooklyn Park, Ottoway and Rosewater.

REA Group Chief Economist Nerida Conisbee said increased buyer interest in particular suburbs was often a precursor to price growth.

“That’s what happens when we see people pool into a suburb that creates enough activity to push up pricing,” Ms Connisbee said.

Para Hills West has a median house price of $300,000 – well below the Adelaide-wide median of $457,500, according to CoreLogic.

16/1 Goodfield Rd, Para Hills West is on the market with Taylor’s First National and has an asking price of $229,000.Source:Supplied

Ottoway, Ingle Farm and Rosewater also have medians well below the $400,000 mark and Ms Connisbee said affordability was likely a key factor in their popularity.

She said more affordable suburbs, tended to attract renters and, in-turn, investors.

Para Hills specialist selling agent Jordan Hanchett agreed the area was attracting a lot of investors and developers, as well as young families and migrants.

Mr Hanchett, who works for Harcourts Sergeant, which is based in Salisbury, was not surprised to hear that Para Hills West gaining buyer attention.

1 Marryat Court, Para Hills West is on the market with Edge Realty and has an asking price of $379,000 to $399,000.Source:Supplied

He said a home on about 700sqm that he sold in the area this month was typical of many other recent sales.

The home at 23 Woodchester St, Para Hills West was in need of some renovation but attracted 29 groups to its first open, got six offers and was sold almost immediately with a cash unconditional offer.

“If you look over to Para Hills, next door, I’ve sold 23 properties in there this year and had 15 to 30 buyers through the opens,” he said.

“It’s still affordable – if you put the same sort of home on 700sqm in Broadview or Enfield it would double in price.”

23 Woodchester Street, Para Hills West is on the market with Harcourts Sergeant but was recently sold to Indian buyers.Source:Supplied

Mr Hanchett said migration was also playing a part in increasing the area’s popularity.

He said many Indian families were “pulling together” to get a foothold in the property market and they often commented that they had other friends and friends and family nearby.

“The area does offer a fair bit too,” Mr Hanchett said.

“In Para Hills there’s a brand-new community hub and it has its own shopping centre, library, community centre and community club- there’s a fair bit for young families.

“It’s all about bang for your buck.”

Why location is everything in real estate1:58

Why location is everything in real estate

  • September 10th 2018
  • 3 months ago
  • /display/newscorpaustralia.com/Web/NewsNetwork/REA – Real Estate/

    Originally published as Adelaide’s suburbs to watch in 2019

Local family edge out strong competition for Artarmon home

Despite the changing property market in Sydney, Artarmon remains one place where there is still strong demand for property.

There were six registered bidders and four active who were vying for a five-bedroom Californian bungalow.

The strong competition saw 9 Pyrl Rd sell for $3.5 million under auction conditions.

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Couple turns $5 into more than $3m

McGrath Crows Nest agent Peter Chauncy said the buyer was a local family looking to upsize to a large five-bedroom home.

The kitchen and living room opens up a large outdoor terrace.Source:Supplied

“It was a great outcome on the day,” he said. “It came down to two buyers who really wanted the property.”

More than 100 groups inspected the five-bedroom property over the course of the campaign.

Mr Chauncy said 9 Pyrl Rd’s result proved that despite market talk, family homes were still a sought after commodity.

“Homes like this that are presented well and you can move right in are always pretty popular,” he said.

The backyard is perfect for kids.Source:Supplied

The property is set on a 696sqm block.Source:Supplied

On top of five bedrooms, the home has two bathrooms and a carport for one car, while another vehicle can park on the driveway.

The kitchen has marble bench tops and splashbacks, an eat-in island, and wonderful parquetry flooring, as well as European appliances, including a steam oven.

The gardens have an English maze feel about them, and the level lawn is perfect for families.

Set on a 696sqm block, this home is located only minutes from the city, a short walk to public transport and shops, and within the catchment of Artarmon Public School and Willoughby Girls School.

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Originally published as Demand strong for family homes in Artarmon

Pullenvale market remains steady as house changes hands for first time in nearly three decades

A PULLENVALE property has changed hands for the first time in 28 years as the market remains steady.

Three written offers were received for the 6.41ha property, after it passed in at auction in early October.

One of the living rooms at 96 Haven Rd, Pullenvale.Source:Supplied

McGrath Estate Agents Paddington agent Reuben Packer-Hill said 21 groups of people inspected the house at 96 Haven Rd, before it sold to a family for $1,580,000.

“They were a family who were renting locally,” the agent said.

“Their favourite part of the property was that it was a large parcel of land with plenty of room for the kids to run around.”

The rooms are light and bright.Source:Supplied

It is the only property on Haven Rd to sell this year, with just one selling in 2017, at No. 166 for $1.1 million.

The house had five bedrooms, six bathrooms, wine cellar, pool and tennis court.

It has a wine cellar!Source:Supplied

Mr Packer-Hill said the market in Pullenvale was holding steady at present.

“We haven’t seen much change in the Pullenvale market in the last six to 12 months,” he said.

“Well-presented and appropriately priced properties will always be in strong demand.”

According to CoreLogic data, there had been 44 house sales in Pullenvale in the 12 months to September.

The kitchen is timeless.Source:Supplied

The agent said in particular, there was demand for family homes.

“We are working with a large number of buyers still looking to secure family-friendly acreage. Ideally these are lowset homes with good flow of space, and the ability to keep an eye on the children playing in the backyard, or pool, from the house.”

What a spacious bedroom!Source:Supplied

Starting your hunt for a dream home0:51

Starting your hunt for a dream home

  • September 10th 2018
  • 3 months ago
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    Originally published as Pullenvale market remains steady

Lying about your finances with your partner can cost couples $53,000

DISHONEST lovers are keeping their finances secret and it could be hitting their hip pockets.

Failing to reveal your true financial status to your other half is a common occurrence, new analysis by Uno Home Loans found.

Research involving 1000 people found 27 per cent of loved-up Aussies put off refinancing their home loan because it forced them to expose dirty money secrets they were trying to keep on the down low.

And men are more inclined to be secretive (29 per cent) then their female counterparts (25 per cent).

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Compare home loans

Uno chief executive officer Anthony Justice said big expenses such as home loans should be reviewed every few years to make sure couples were in the best position.

“If you are not having this conversation with your partner then it’s difficult to find out if you are getting a good deal on your home loan,” he said.

“People should be having conversations with their partner about their finances and talking about what their aspirations are financially.”

Home loan customers can make big savings by refinancing their home loan.Source:istock

Uno data shows that on a $300,000 30-year owner occupier principal and interest home loan with a loan-to-value ratio of 80 per cent, the median interest rate is 4.49 per cent and monthly repayments $1518.

If borrowers refinance to the lowest interest rate of 3.64 per cent, their monthly repayments would fall by $148 to $1370.

This would save the customer about $53,000 over a 30-year loan term.

Rising Tide Financial Services’ managing director Chris Browne said it was critical couples kept each other focused and accountable by discussing their financial goals as a joint partnership.

“Being open and honest with your partner about your finances is a cornerstone of any healthy relationship,” he said.

“So regardless of your financial position, transparency is non negotiable.”

Mr Browne said customers could sometimes get a better deal from their existing lender without having to jump ship, but it was critical people be prepared to walk if their bank failed to come to the party.

sophie.elsworth@news.com.au

@sophieelsworth

Originally published as Lying about finances with your partner can cost $53,000

Bitcoin is pretty much dead, says teen crypto millionaire

Erik Finman, who became a teenage bitcoin millionaire during the crazy run to $US20,000, has warned bitcoin maximalists — believers in the world’s best-known cryptocurrency — that the long-term outlook is bleak.

Finman hit the headlines as a teenager in early 2018 when his rags to riches bitcoin tale made him an overnight superstar. At the age of 12, Finman began to purchase bitcoin with a gift from his grandmother.

But the bitcoin early adopter has warned investors that putting all their eggs in one basket is a mistake, saying the largest digital currency has a finite shelf life.

“Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last,” Finman, now 19, told MarketWatch. “It may have a bull market or two left in it, but long-term, its dead.”

That’s a hot take coming from a guy who bought bitcoin in 2011, turning $US1000 into more than $US4 million.

View this post on Instagram

Icons like me 😘💅will always be hated. bc we are the immortals. just wait till what’s next.

A post shared by ERIK FINMAN (@erikfinman) on Jul 28, 2018 at 11:56am PDT

However, it shouldn’t come as a surprise. In January, Finman told CNBC that he can say with “almost certainty” cryptocurrencies will come to a bad ending.

Another cryptocurrency Finman said is on its way out is Litecoin — the cryptocurrency created by Charlie Lee.

“Litecoin has been dead for a while,” he said. “It’s like when the sun is going down and there’s that eight minute period just before it goes dark. Litecoin is in its seventh minute.”

And it’s hard to argue, the cryptocurrency is down more than 95 per cent from its peak and is now at its lowest level since May 2017.

Finman said project-based cryptocurrencies have the best chance of success, with his picks of the bunch being Etherand ZCash, adding that Bitcoin Cash has great technology but the developers have done a bad job at marketing it.

So why such a bearish outlook for digital currencies? One reason is the head start the Wall Street crew has over the crypto community. “They (Wall Street) have all the hooks and lobbyists,” Finman said.

But if there’s one person who can beat the bankers, the New York-based entrepreneur knows the man for the job.

“I’m better at this kind of stuff than those millionaires,” he said. “They don’t know how to work the system, they’re nerds. I’m more than that.”

This article originally appeared on MarketWatch and was reproduced with permission.

Water beauty in tranquil island paradise at 39 Prince Alfred Parade, Hindmarsh Island

A luxe Hindmarsh Island home is the perfect spot for a weekend of swimming, watersports, fishing, birdwatching and relaxing, say Marta and Edward Skibicki.

The couple built the house 10 years ago, taking their time to create their dream home.

39 Prince Alfred Parade, Hindmarsh Island. Supplied by Harcourts South CoastSource:Supplied

“We used to go to Goolwa to use the jet skis, and one weekend we took the jet ski across the lake through the channels and just fell in love with the peace and quiet over there, so we bought a block of land and built our dream there,” Mrs Skibicki says.

Andrew Winter: Location, location, location1:28

Property Expert Andrew Winter shares a few insights on Australian real estate.

  • February 25th 2018
  • 10 months ago
  • /display/newscorpaustralia.com/Web/NewsNetwork/REA – Real Estate/

    “It wasn’t built as an investment, we built this for us as our family holiday home, and we wanted it to have a contemporary modern look and be really functional and beautiful.

    39 Prince Alfred Parade, Hindmarsh Island. Supplied by Harcourts South CoastSource:Supplied

    “It’s got a touch of luxury, and we used top quality materials throughout. Because my husband is a builder, we spent a lot of time making sure everything was done to a really high standard. We were building it for us so we didn’t take any shortcuts.”

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    Unley Park’s house of teddies

    The home is set over two levels and features four bedrooms, a games room, an open-plan kitchen and living area, a home theatre and numerous outdoor entertainment areas.

    39 Prince Alfred Parade, Hindmarsh Island. Supplied by Harcourts South CoastSource:Supplied

    Set on a 1054sqm allotment with more than 30m of water frontage, Mrs Skibicki says the home can easily handle a crowd.

    “We had so many great holidays and weekends here over the past 10 years,” Mrs Skibicki says. “Our son is a swimmer and when he was growing up he would have a lot of his friends and their parents over. We’d have a lot of people over and we found it could cater for a big crowd really easily. It’s a very comfortable place and is very open, but it offers a lot of privacy and space for everyone to get their own spot to relax.”

    39 Prince Alfred Parade, Hindmarsh Island. Supplied by Harcourts South CoastSource:Supplied

    Mrs Skibicki says the home’s location is ideal, offering picturesque views the couple will miss greatly when they sell.

    “We overlook a bird sanctuary, so there are a lot of birds around, and from the first floor we can see all the way past the houses to the Coorong. You can see quite far and it’s a beautiful view,” she says.

    39 Prince Alfred Parade, Hindmarsh Island. Supplied by Harcourts South CoastSource:Supplied

    Mrs Skibicki says she hopes another family enjoys the home as much as hers has.

    “It’s taken us a lot of time to make the decision to sell, but our lifestyle has changed and we simply don’t get to enjoy it as often as we’d like,” she says.

    “I’d love to see a family buy it because it is very much a family home. It’s always been a very happy place for us.”

    39 Prince Alfred Parade, Hindmarsh Island. Supplied by Harcourts South CoastSource:Supplied

    Originally published as Water beauty in tranquil island paradise

Designed for family life

For southwestern suburbs couple Megan and Scott Calvert, the prospect of knocking down a pre-existing home to rebuild a new one came with a few hurdles.

Needing to meet local council heritage status and choose a design that made the most of a tricky allotment, the couple looked no further than Rendition Homes.

“It was a knock down rebuild of a 1947 built home that we had owned since 2004,” Megan says.

“The design had to make best use of a relatively narrow block set on a corner and the facade was designed to be timeless and in keeping with heritage zone status.”

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Megan and Scott Calvert built their dream house with the Help of Rendition Home in Edwardstown. Photo : Nick ClaytonSource:News Corp Australia

Having spent plenty of time visiting display homes, Megan says they had two floor plans in mind when visiting Rendition Homes.

“We spoke with Andrew White and he was able to interpret our ideas into a plan,” she says.

“Scott’s father is a retired bricklayer and had worked with the managing director of Rendition Homes, describing him as a man that could be trusted — it just started from there.”

Megan and Scott Calvert built their dream house with the Help of Rendition Home in Edwardstown. Photo : Nick ClaytonSource:News Corp Australia

Having previously lived at different locations around Australia over the past 10 years the family of four, plus Airedale terrier Winnie, had enough experience to know exactly what they wanted from their first build.

“Living in five different houses enabled us to have a very strong sense of what we wanted, how our family would live in it, now and into the future,” Megan says.

“The children have room to grow, we have two living areas and I have a study that can be

easily converted into a fourth bedroom if required.”

Megan and Scott Calvert built their dream house with the Help of Rendition Home in Edwardstown. Photo : Nick ClaytonSource:News Corp Australia

Demolishing the house in February last year, the build process began in late March and keys were handed over in early September, which the couple were more than happy with.

“Scott and I did our homework on everything, so that we supported the builder by being clear with what we wanted and Rendition were clear on how to facilitate us getting the house that we wanted within a reasonable budget,” Megan says.

Megan and Scott Calvert built their dream house with the Help of Rendition Home in Edwardstown. Photo : Nick ClaytonSource:News Corp Australia

With 299sqm total size and 225sqm living area, the home provides the family with a relaxing environment and keeps up with their busy schedule.

“As soon as you walk through the door a sense of calm descends, it is everything that we planned and worked for,” Megan says.

“There is no maintenance that would have been necessary if we had kept the old part of the house and extended, there is heaps of storage, everything has it’s place, easy to clean and maintain so we can just be”

Megan and Scott Calvert built their dream house with the Help of Rendition Home in Edwardstown. Photo : Nick ClaytonSource:News Corp Australia

Having lived in the home for almost a year, Megan admits they would have made changes if a bigger budget was available, but for the price they’re ecstatic with the result.

“Sure, if our budget was larger some of our selections of tiles, more stone at the front of the house would have been made; however the design and layout fits our family perfectly,” she says.

Originally published as Designed for family life

A North Adelaide home mixes character charm with contemporary styling

Enjoy the character of a circa-1880 sandstone cottage with the perks of contemporary living, all situated in a sought-after blue chip suburb.

Set on a 252sqm block, the two-bedroom home at 15 Curtis St, North Adelaide has been lovingly renovated to include plenty of modern comforts.

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15 Curtis St, North Adelaide. Supplied: Fox Real Estate.Source:Supplied

Keeping the quaint character facade, the entry opens to reveal a long hallway with stunning archways and jarrah timber floors.

The master has an ornate fireplace, a walk-in robe and offers access to the main bathroom, complete with a bath and shower.

15 Curtis St, North Adelaide. Supplied: Fox Real Estate.Source:Supplied

The second bedroom also features a fireplace and two built-in robes.

The hallway expands to the modern kitchen, with Caesarstone bench tops and Bosch appliances, and the living and dining area, which opens out to a beautiful courtyard and vergola, ideal for entertaining.

15 Curtis St, North Adelaide. Supplied: Fox Real Estate.Source:Supplied

Ducted airconditioning, a security alarm and LED lights are among the property’s quality features.

The home is close to shops, restaurants, cafes and quality schools.

The property is on the market with Fox Real Estate and will be auctioned on Thursday, December 20 at 6pm.

Starting your hunt for a dream home0:51

Starting your hunt for a dream home

  • September 10th 2018
  • 3 months ago
  • /display/newscorpaustralia.com/Web/NewsNetwork/REA – Real Estate/

    Originally published as Luxury and location

Adelaide’s most popular residential streets revealed

Kurralta Park’s Gordon St has trumped prestigious stretches in Norwood and Unley Park to be revealed as Adelaide’s most popular street among househunters.

New data shows homes on the strip – running parallel to Moretimer St, just off Anzac Highway – attracted more views on realestate.com.au than any other street in the city over the past year.

Also in demand were Summertown’s Thegarthen Rd and Stirling’s Braeside Rd – both of which are located in the Adelaide Hills, followed by Semaphore’s South Tce and Springfield’s Hillside Rd.

8 Gordon St, Kurralta Park sold through Cullen Real Estate for $433,000 in January, this year.Source:Supplied

South Tce in Semaphore, Hillside Rd in Springfield, Victoria Ave in Unley Park, Frankling St West in Adelaide, Travers Drive in Beaumont, Hampton Grove in Norwood and Highwood Grove in Upper Sturt rounded out Adelaide’s top 10.

REA Group chief economist Nerida Conisbee said Kuralta Park’s vicinity to the CBD as well as relatively affordable price point had made it popular “click bait” for buyers.

“Looking at our data, Gordon St had 24 listings over the past year,” she said.

6/10 Gordon St, Kurralta Park sold through Gary J Smith We’re Home for $255,000 in February, this year.Source:Supplied

“Of those, units seemed to have been the main drivers, selling around the $300,000 mark.

“In terms of clicks, I think most came from genuine buyers, different to Victoria Ave in Unley Park which is a nice suburb and attracts a lot more people simply wanting to look inside a home.”

Sales specialist Joel Albrechtsen of Harris Real Estate, who sold 6/7 Gordon St for $400,000 in July this year, said the popular stretch had undergone a major rejuvenation in recent years.

6/7 Gordon St, Kurralta Park sold through Harris Real Estate for $400,000 in July, this year.Source:Supplied

“It used to be quite an old street but now there has been a fair bit of development. Half the street now consists of new builds,” he said.

“A lot of single blocks have been turned into two (blocks).

“Besides that, I think the wider appeal is that it’s a cul-de-sac and only an eight minute drive from the CBD.

“The area is also still quite affordable, despite having gone up in value, which is probably a flow on effect from Plympton.

ADELAIDE’S MOST VIEWED STREETS – TOP 20

1. Gordon St, Kuralta Park

Property views per listing: 8221

2. Thregarthen Rd, Summertown

Property views per listing: 6562

3. Braeside Rd, Stirling

Property views per listing: 6369

4. South Tce, Semaphore

Property views per listing: 6361

5. Hillside Rd, Springfield

Property views per listing: 6221

6. Victoria Ave, Unley Park

Property views per listing: 5677

7. Franklin St West, Adelaide

Property views per listing: 5669

8. Travers Drive, Beaumont

Property views per listing: 5594

9. Hampton Grove, Norwood

Property views per listing: 5561

10. Highwood Grove, Upper Sturt

Property views per listing: 5521

11. Austin St, Adelaide

Property views per listing: 5195

12. Devon St South, Goodwood

Property views per listing: 5097

13. Blackler St, Semaphore

Property views per listing: 5064

14. Lower North East Rd, Houghton

Property views per listing: 5058

15. Sturt Valley Rd, Stirling

Property views per listing: 5018

16. Strathalbyn Rd, Mylor

Property views per listing: 5007

17. Barnard St, North Adelaide

Property views per listing: 4990

18. Mills Tce, North Adelaide

Property views per listing: 4985

19. Mount Barker Rd, Aldgate

Property views per listing: 4899

20. Torrens Valley Rd, Birdwood

Property views per listing: 4887

Originally published as Do you live on Adelaide’s most popular street?