Property www.echo.net.au/echo-property
Property insider
From 2013, when investment in housing started to pick up, we have seen the rate of increase in rents slow down in Australia.
How do you sell a property at auction when there’s only one buyer?
You can ask Stuart Aitken and Heidi Last of McGrath. They broke their own record for the price achieved on a Forest Glades property last week! ‘To have a record broken within three days reflects the very strong sellers’ market that the Shire is experiencing at Front cover of the book Our Way Stories (Photograph taken by Kate the moment. It’s great news Holmes. Supplied by Arts Northern Rivers from the book Our Way Stories.) for sellers and we couldn’t be On an outing at the Writers traditional elders from the local happier for our clients,’ say Stuart and Heidi. Festival last Friday I noticed that area. It is not typical of our Elders Real Estate Bangalow normal sponsorship but we feel David Mills, McGrath’s was involved in sponsoring very privileged to have been able award-winning auctioneer The Elders Book Project Our to help these stories be shared.’ and principal says, ‘single Ways Stories. Dale Roberts, bidder scenarios happen quite who edited the book, worked often. On the day there may alongside some of the northern more buyers wanting to buy, rivers’ most respected elders to but only one might be in a record their stories before they position to buy under auction are lost. conditions. (At auction the sale is unconditional.) We have I asked Janice Maple, one of the adopted some very successful principals at Elders Bangalow, strategies to make both buyer how they came to be involved. and seller happy to transact on ‘The opportunity was brought auction day with minimal fuss to my attention through and complete transparency.’ crowdfunding with Arts Northern Rivers. What really Both properties were put to attracted me to it was that it the market via auction. The Janice Maple explored the stories about the properties sold within three
Stuart Aitken and Heidi Last
days of one another. The first property sold the day before auction, when an offer of $625,000 was made and the vendor felt compelled to accept. The second property proceeded to auction with only one registered bidder and sold for $665,000.
17-year low in CPI good news for home buyers and renters
between Booyong and Ballina. In 1948 flood damage and landslips saw services suspended on the line and eventually it was closed in 1953. Unlike the The latest CPI figures provide further evidence that the current train line, the cottage, according to Harcourts agent Brett taxation arrangements that MacDonald, ‘has been lovingly provide many Australians with renovated to reflect modern the opportunity to invest in expectations while preserving property add to the housing beautiful art deco features, supply and keep rents lower including ornate than they would otherwise be. plaster ceilings, Property Insider likes to know stunning timber doors and when properties of historical significance come to the market. hardwood floors Harcourts have listed 150 Tamar throughout.’ Street, which is purportedly the old stationmaster’s home. Brett In 1930 a branch line opened MacDonald
According to the Real Estate Institute of Australia (REIA), the 2016 June quarter CPI figure is good news for home buyers and renters. The Housing Group increased by 0.4 per cent for the quarter and 1.3 per cent for the year to June 2016 with rents increasing by just 0.2 per cent for the June quarter and 0.7 per cent for the year.
150 Tamar Street
HAVE ANYTHING TO LET US KNOW ABOUT? Any new faces? Career milestones? Exceptional results? Market observations? Have you had anything quirky or unusual happen to you out in the field? Email propertyinsider@echo.net.au.
Bangalow
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VIEWS, LIFESTYLE & INCOME
SPACIOUS HOME, QUIET LOCATION
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Expansive hinterland views 53 hectares (131 ac) clean land Long frontage to Skinners Creek Generous open plan living Covered entertaining decks Spring fed creeks Excellent fencing 9 paddocks all with water
152 Nashua Road, FERNLEIGH Open Wednesdays & Saturdays 11am - 12noon Duncan Lorimer 0400 844 412
eldersbangalow.com.au North Coast news daily: www.echonetdaily.net.au
AUCTION 25 AUGUST 6pm in Our Rooms
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Situated on massive 1344m2 block Character home nestled in tropical environment Easy 5 minute walk to desirable Bangalow Village 2O@BHNTRÄQNNLRÄVHSGÄÇDWHAKDÄÇNNQÄOK@M Ideal parents retreat Expansive entertaining deck Genuine interstate vendor Loads of potential to improve
6 Burrawan Place, BANGALOW Open Wednesdays & Saturdays 10am - 10.30am Duncan Lorimer 0400 844 412
The Hinterland Specialists
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AUCTION 25 AUGUST 6pm In Our Rooms
6687 66871500 1500 The Byron Shire Echo August 10, 2016 21