Month: March 2020

iBuyer Real Estate: Cities with the Highest iBuyer Market Share and Sales

iBuyers Purchased 1 in 100 Homes that Sold in the U.S. in 2019

The nation’s top iBuyers purchased 1 of every 100 homes that sold in 2019 across the more than 200 U.S. metro areas Redfin tracks, nearly doubling their 2018 market share of 0.6%. That’s based on a Redfin analysis of MLS and public records data on home purchases and sales made by the most well-known national iBuyers, including Opendoor, Zillow, Offerpad and RedfinNow.

The term “iBuyer” (short for instant buyer) is used to describe real estate companies that use technology and AI to make instant offers to home

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Auction battle at glamour Killara home smashes street sales record

McGrath auctioneer Ed Riley in action during the auction of 12 Garnet St, Killara.

A touch of Hollywood glamour had plenty of buyers chasing a luxury Mediterranean-style property in Killara on Saturday.

Five bidders registered for the auction of 12 Garnet St, but it came down to two locals who fought it out to the end – pushing the sale price $400,000 above the guide.

MORE: ‘Significant’ estate set to hit the market

Classic Hunters Hill home fetches huge price

Peter Chauncy, of McGrath Crows Nest, said the bidding opened at $5 million, rising in increments of $100,000, $50,000

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Finding a rental is more competitive than ever

As peak rental season draws to a close (December to February), realestate.com.au data reveals that visits to the rental site reached a record high. 

January 2020 saw record visits to the rent site. Picture: realestate.com.au/rent

January 2020 showed more than 20 million visits to the rent site, which is more than a million extra visits compared to the same time last year.

While this is great news for landlords trying to fill their properties, it’s not such good news for tenants who already find the market competitive.

“This would speak to a lot of people’s lived experience that trying to

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Iconic uni student stomping ground on the market

A crowd at the Telegraph Hotel.

A ICONIC hotel is up for sale and a new owner could bring big changes with the property described as the last unencumbered redevelopment site on Hobart’s waterfront.

The Telegraph Hotel, on the corner of Morrison St and Brooke St in Hobart’s CBD has been trading successfully under the ownership of one family since 1993 and is a popular haunt with university students.

Cumulus Studio has already undertaken some preliminary planning and design work to identity the best development options for the Art Deco pub.

An artist’s impression in the tender documents shows the

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Dean Hotel: Cool converted pub raises the bar near Ballarat

The bar remains intact at the converted Dean Hotel at 1350 Daylesford-Ballarat Rd, Dean.

Whoever buys this converted pub in a “small hamlet” outside Ballarat will be able to pull their own beer to celebrate.

The former owners who turned the Dean Hotel into a two-bedroom house left the bar intact, in a nod to its past as a popular watering hole.

The major renovation also retained the old cellar and cool room, and design features of the historic building including exposed-brick walls, Belle Daylesford agent Annette Leary said.

It’s now on the market with a $740,000-$770,000 price guide.

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