Real Estate News, Tips & Tools. Your Partners in Property Sales, Leasing, Management and Strata. NSW, WA and ACT.
The Tax Office statistics show net capital gains being reported by taxpayers jumped 37 per cent to $14.4 billion, far faster than the rise in the property or stock markets. The cost to the federal budget of negatively-geared rental property deductions has fallen 12.5 per cent to $10.9 billion, the lowest level in four years because of record […]
Equity-rich Sydney and Melbourne homeowners may help boost Australia’s coastal lifestyle markets. CoreLogic research analyst Cameron Kusher says some areas are starting to show growth although regional housing markets are a mixed bag. “Newcastle, Wollongong, the Richmond-Tweed region in northern NSW, the Gold Coast, the Sunshine Coast and Cairns are probably the most notable regional […]
In what is possibly the largest office leasing deal ever for the city of Wollongong, NSW State Emergency Services (SES) have just committed to a long term lease of close to 5,700m2. The stand alone building, locally referred to as the ex Tax Office, will be substantially upgraded and refurbished to ‘A’ grade equivalent standard. […]
Wollongong could be the prime location for anybody looking to break into the world of commercial real estate investing according to one property services firm. Increased demand for office space in the central business districts of Sydney and Melbourne has resulted in declining vacancy rates and increased rents in those cities, and as a result […]
3 residential blocks of flats successfully sold at the MMJ Auction on Wednesday night held at the Wollongong Golf Club for well above reserve prices. 60 Grey Street, Keiraville consists of a block of 6 flats located within the Keiraville Village and a short walk to the university sold for above $1.8 million. 98 Corrimal […]
A block of six flats at 17 Smith Street, Wollongong, has sold under the hammer for $2.23 million to mum and dad investors. The apartments, at the harbour end of Smith Street, were bought by a family keen to add to their investment portfolio in the Illawarra. Sales agent Travis Machan, of MMJ Real Estate […]
Yield is one of the key factors in deciding whether or not to invest in a commercial property. And it is also one of the most confusing for people to understand. Knowing what type of yield is being talked about, and how it was calculated, will make you a much more informed investor. Unless you […]
The Illawarra is the latest example of a regional community fighting back from adverse circumstances. A lot of infrastructure and property development money is pumping into Wollongong and real estate markets are rising. Says Terry Ryder from Property Observer. Much of Wollongong’s improvement is due to its inherent qualities as a regional centre and […]
The large commercial building and industrial complex known as Coniston Corporate Centre has sold for $11.25 million in an off market campaign. Sold by MMJ Wollongong on behalf of a long time valued client. The sale supports the continued strength of the Wollongong commercial property market and interest from out of the area. The property […]
Anyone looking to buy a house knows it is an expensive exercise. But new data from the International Monetary Fund looking at household income, rent and housing prices around the world has shown just how much house prices have jumped in Australia. The data shows that based on two measures – the ratio of house prices-to-income […]