Property Managers

Manly investors cash in their units giving first home buyers choice

Manly, seven miles from Sydney and a thousand miles from care, has a flood of units on the market as investors cash in. Picture Rohan Kelly

Manly investors are cashing in and selling their long-held apartments giving first home buyers a real chance to buy into the premier beach suburb.

There are currently 64 units for sale in Manly this week – more than any other northern beaches suburb and many have been held for years by investors and rented out.

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A Manly unit is

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Coronavirus real estate: Agencies’ united front in Melbourne’s east

With public auctions no longer possible, agencies are working on new sales tactics.

Agents across Melbourne’s east have pledged to keep the real estate market ticking along online and behind closed doors after public auctions and open for inspections were axed.

Social distancing measures implemented by the Prime Minister to combat coronavirus flipped the nation’s auction capital on its head, but agents have vowed to carry on.

The Real Estate Institute of Victoria confirmed private inspections of properties for sale and lease were still possible after the changes took effect on March 25 at midnight.

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Historic house with explosive past for sale on northern beaches

Richard and Kate Cale with their son Hunter, the current owners of the historic house in Ingleside.

When the Cale family purchased Ingleside House they quickly realised they were less the owners and more like stewards.

“There is a sense of responsibility that comes with owning a place like this, you are stewards until you pass it on,” Rick Cale explained.

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Richard and Kate Cale with their teenage son Hunter, note the parquet floor and French provincial decor.

Ingleside House at 1 Manor Rd, Ingleside

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Adelaide Hills home sells at auction despite COVID-19 restrictions and a website crash

35 Onkaparinga Valley Rd, Verdun. Supplied: realestate.com.au

A website crash moments before the live streamed auction of an Adelaide Hills home wasn’t enough to stop it from selling under the hammer.

The house at 35 Onkaparinga Valley Rd, Verdun, was one of the first South Australian properties to be sold via virtual means following changes that swept across Australia’s real estate industry last week.

35 Onkaparinga Valley Rd, Verdun. Supplied: realestate.com.au

The home had five registered bidders and sold for $405,000, which was within its $385,000 to $415,000 price guide, at auction on Friday.

It was originally scheduled to

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Coronavirus drives spike in auction withdrawals, reducing clearance rate to 47 per cent

Prime Minister Scott Morrison’s decision to ban on-site and in-room auctions caused a major disruption for sellers this week but it failed to halt transaction activity as agents adapted with online auctions and private treaty sales.

Preliminary data from CoreLogic revealed the weekly auction clearance rate for Sydney auctions was 47.3 per cent, down from 58.8 per cent the week prior, with the majority of properties that failed to clear reported as “withdrawals”.

Many of those properties reverted to private treaty sales, with early indicators suggesting at least 400 of the nearly 1260 auctions originally scheduled for the week shifted

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