Property Managers

Victorian Equestrian Centre for sale after $2m-plus upgrades

The Victorian Equestrian Centre is for sale.

Racing greats are among horse-lovers who have given the Victorian Equestrian Centre for sale in Beaconsfield Upper the seal of approval.

The state-of-the-art facility at 76 Beaconsfield Emerald Rd has trotted onto the market with a $3.3-$3.5 million price guide.

Owners Russell and Andrea Kennedy poured more than $2 million into facility upgrades before listing the sports arena.

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Retro jockey gym: Footscray house a two-horse race at auction

The centre is at 76

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Sydney auctions: buyers get upper hand as competition weakens

Bidding opened to mostly silence at Sydney auctions this weekend as buyers became increasingly reluctant to put in offers on properties.

There were nearly 240 Sydney homes scheduled to go under the hammer via online bidding platforms Saturday but just over 70 were withdrawn just before the auctions were due to start.

Early indicators suggested few of the auctions that went ahead delivered strong results for vendors.

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Home prices continued to grow despite COVID-19

Most of the auctions observed by The Daily Telegraph passed in on a vendor bid or, in some cases,

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MP Lauds ASIC’s Stern Warning to Agents On Rental Advice

The corporate watchdog’s swift warning to real estate agents about giving unqualified financial advice to virus-hit tenants has been welcomed by industry bodies and the MP who raised the issue. 

Shadow assistant treasurer Stephen Jones told he wrote to the Australian Securities and Investments Commission on 1 April after seeing “more than one or two” emails from real estate agents advising tenants to access their superannuation to cover rent shortfalls.

In his letter, Mr Jones wrote he was concerned the advice was not being given in the best interest of renters, and that “early access to super should

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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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Australians React As Tough Restrictions Are Announced In Response To Coronavirus Pandemic

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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