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The Block Triple Threat 2015 Auction Results

Last night Channel Nine’s The Block handed out $3.165mil in prize money to the four couples, representing the biggest prize pool received on one single TV episode in the world.

Crazily enough, all teams left the show with at least a $665,000 boost to their bank balances, a stark contrast to the disappointing results of last season.

theblockThe auction results of the designer apartments on Darling Street in South Yarra were:

  • 1st – Dea & Darren – SOLD $2,290,000
    Reserve set at $1.455mil
    Profit of $835,000 plus $100,000 for winning
  • 2nd – Josh & Charlotte – SOLD $2,200,000
    Reserve set at $1.39mil
    Profit of $810,000
  • theblock23rd – Tim & Anastasia – SOLD $2,175,000
    Reserve set at $1.42mil
    Profit of $755,000
  • 4th – Jess & Ayden – SOLD $2,000,000
    Reserve set at $1.335mil
    Profit of $665,000

 

The four auctions were all fast paced and over in a matter of minutes with opening bids exceeding the reserve prices. In a split second Jess & Ayden made $365,000 thanks to a generous opening bid of $1.7mil smashing their reserve.

The winners and almost instant millionaires Dea & Darren were crushed last year after taking home just $10,000 for their hard work on The Block’s Glasshouse series in Prahran, what a turnaround!

theblock3The question every viewer was asking, were the reserves set too low? Or is it the market in Melbourne driving up the selling prices, especially for popular brand new furnished designer apartments in one of South Yarra’s most prestigious streets?

In Sydney, the citywide auction clearance rate hit a staggering 91% last week (APM), while the same week last year saw clearance rates at 71%. With median property prices in Sydney exceeding $900,000, it’s no wonder the auction clearance rates have jumped significantly in the last year. Sydney has led the Australian housing price growth with property values rising 14.1% in the last year, double that of nearest rival Melbourne with 7.2%.

In Melbourne, 87% of homes were sold at auction last week compared with 63% last year, so were The Block’s crazy results a truthful representation of the market? The market is definitely booming but we have to keep in mind that it is a TV show and they really did take a hit last season so reserves were probably on the conservative side.

Next season The Block returns to Prahran with the upcoming series to be filmed at the obsolete Hotel Saville on Commercial Road.

 

References
http://news.domain.com.au/domain/real-estate-news/the-block-winners-darren-and-deanne-jolly-pocket-almost-1-million-at-auction-20150429-1mw74e.html
http://www.news.com.au/entertainment/tv/the-block-result-what-happened-when-the-cameras-turned-off/story-fn8yvfst-1227088392377
http://www.news.com.au/entertainment/tv/deanne-and-darren-jolly-take-out-the-block-with-record-breaking-profit/story-fn8yvfst-1227327454814
http://www.news.com.au/finance/real-estate/record-for-sydneys-highest-auction-clearance-rate-smashed-again-amid-drop-in-volume-of-sales/story-fnd91nhy-1227322875446
http://www.theaustralian.com.au/business/property/sydneys-housing-market-auctions-set-record-clearances/story-fniz9vg9-1227322111435

 

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Do you think the property market will burst in 2015?

sydney

One of the most real estate obsessed cities in the world

This is a question real estate agents get asked a lot as we head into the final month of selling. It’s a dangerous question because really we don’t know the answer and no one else does either.

According to SQM Research, the median house price in Sydney’s inner fringe has now surpassed $1million. To many that seems absurd, we dreamed years ago about our homes being worth a million dollars and somehow our dreams have become reality, even if that millionaire reality is a far from palatial home we imagined many years ago.

SOLD $1,280,000 - 3/5 McDonald St, Cronulla

SOLD $1,280,000 – 3/5 McDonald St, Cronulla

In Cronulla it is now very difficult to find an entry level house on a small block of land for $1.3mil.  If you are thinking of buying an apartment in Cronulla, it is just as difficult to find something under a million dollars. Last month a 2 bedroom apartment with superb ocean views and only a single garage sold for $1.4mil.

If you are not in the market already, how do you get into a market where you have to be a millionaire to buy a basic home? Parents are panicking for their children, 30 and 40 year olds are becoming first home buyers.

Should we take the plunge in November 2014 or should we wait and see till February 2015?

SOLD $1,118,000 16 Targo Rd, Beverley Park

SOLD $1,118,000 – 16 Targo Rd, Beverley Park

This is the dilemma now facing many buyers. Sure, interest rates are low but when you have to borrow the bulk of a $1 million dollars plus stamp duty then the mortgage you end up with is not cheap.

The Reserve Bank has been recently warning us to stop getting carried away, to stop borrowing too much money, but so far this has not had too much of an effect on an insatiable Sydney market.

Anything can happen as shown with the Global Financial Crisis and we now live in a very interconnected world, where something that happens in another country, on the other side of the world can affect us here very quickly.

SOLD $1,570,000 - 5 Cook St, Caringbah South

SOLD $1,570,000 – 5 Cook St, Caringbah South

Unfortunately I don’t have a crystal ball but I did win the Melbourne Cup this year so if I had to have a punt on which way the property market was going to go next year I would say upwards, but not at the same intensity as this year.

NSW is now the economic locomotive of Australia and Sydney the most desirable city to live in. Property sales off the plan are booming which means the residential construction industry will also stay robust. Also the NSW government has embarked on huge infrastructure projects which will support thousands of jobs into the medium term.

A steady increase, then a plateau is my guess but full disclaimer here, I have really no idea, just 18 years of being a real estate agent in one of the most real estate obsessed cities in the world…

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Excavation Business For Sale

Henk Emans of Beach & Bay Realty is proud to announce this impressive listing.

Excavation business ‘ Byrnes Earthworks’ for sale in the Jervis Bay area with a wide range of equipment (see separate list) kept on 40 ha property near Tomerong with direct access to Princes Highway and only 15km south of Nowra.

This property also comprises large covered area for equipment with DA for another shed. There is a cabin set apart from the machinery workshop and all electricity is underground.

Site manager is provided with a 4 bedroom, 5 year old luxurious Masterton home complete with 95 000 litre underground water tank. Tomerong Creek runs through the estate which is partly cleared and partly untouched forest.

There are 5 dams and good access to all parts of the property. It is ¾ fenced and comes with irrigation system.

  • Excavation Business for Sale
  • Industrial Manufacturing
  • Earthmoving
  • Transport
  • Trucks

Henk Emans 0408 406 227

Excavation Business For Sale

Excavation Business For Sale

Excavation Business For Sale

Excavation Business For Sale

Excavation Business For Sale

Equipment Included

Truck Mack 1994

Traxcavator 1994 dresser

Bobcat 1996

Hyundai Excavator 1994 + rock hammer

Trailer 1980

Roller 1980

White dog trailer

Tar sprayer

Frame shed

One 40ft steel contained

One cabin

One sand blasting unit

One soil screen

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Sydney Summer Festivals

Hi, I’m Yvette and I have been doing work experience at Beach and Bay for the past week. I have been doing general office work, helping with market appraisal research and learning about online marketing. I was excited when I was told that I could tweet, use facebook and blog as part of my job, I could be perhaps, the only work experience girl who is allowed to do this! So here is my blog on summer festivals.

My current weekend job is as the musical entertainment (singing and playing guitar) at Flowercino in Caringbah on Friday nights. I will also be busking at Caringbah Public School Carnival on the 28th of November 2009.

For anyone else who is interested in music there are a number of gigs and festivals coming up this summer. One of the biggest and most well-known of these is the Big Day Out. With the first Sydney show selling out in minutes the Big Day Out is sure to be huge. Headlining this year is one of the world’s biggest bands – Muse. Also on the line up are a variety of different artists and bands from a range of genres, some of these being Lily Allen, Powderfinger and Jet. You can check out the full line up at here. The third and final line up announcement is yet to be made. You can also follow the Big Day Out on twitter which also helps you keep track of other shows the Big Day Out artists will be having. The Big Day out will be held in Sydney on both the 22nd and 23rd of January 2010.

Another festival that will be held this summer is Soundwave. For lovers of alternative rock this festival is a must and it is yet to sell out. Headlining the 2010 festival are the newly reformed Faith No More. Co-headlining are my personal favorite, My Chemical Romance.  Both of which have announced sideshows that will sell out fast! Also joining the line up are Paramore, Escape the Fate, All Time Low, Janes Addiction, AFI and many more. This festival will be held at Eastern Creek on the 21st of February. To see the full lineup and other interesting information about the festival visit here or follow Soundwave on twitter.

There are also over 18 festivals being held this summer including Good Vibrations with The Killers headlining and Homebake. Homebake is a festival which entirely focuses on Australian and New Zealand artists. The line up for this years Home bake features both Powder Finger and Jet.

I think everyone should make an effort to attend one of these great festivals this year. They are defiantly a worthwhile experience that you won’t regret!

Summer Music Festivals

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Cronulla Real Estate Market Update

I have just come back from a 2 week holiday and I am astounded as to the turnaround in the local Cronulla real estate market in this short time. Even with a rate rise, the market has taken off with properties being sold in lightning speed.

There seems to be no time to even organise a pest and building inspection, properties are selling for over the asking price!

Who can believe that a few months ago words such as Global Financial Crisis and recession were bandied around like daily greetings.

Q: How are you going? A: The GFC was the answer to everything.

I’ve been asking around Cronulla and retailers are getting mixed signals, trading up one day and down the next.

Clearly there is a drastic shortage of property on the market in Sydney and this is fuelling the real estate market. How long will this continue?

Soon it will be Christmas, normally when the real estate selling market slows down. Will this make the shortage worse and make buyers desperate to secure something prior to Christmas? I can see more rate rises as long as this continues.

This is my initial assessment of the current Cronulla market. I’ll keep you updated when I know more…and when my jetlag has worn off!

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Welcome

Welcome to our relaunched and now interactive website. We hope to bring you useful information about real estate in general and auctions in particular. Beach & Bay’s website is focusing on our immediate suburbs from Cronulla to Lilli Pilli, but the system will be extending to the whole of Sydney (Agent enquiries welcome at info@housebook.com.au). We will show you details of forthcoming auctions, Beach & Bay’s and most other agents. After the auctions each week we will gather as many results as possible, hopefully http://ourtadalafil.com/ with help from you, the public, and make that information available to everyone who wants to check our website. The intention is that every week on our website we will have an up-to-date list of auctions taking place in the area for your viewing. We trust this will benefit all agents and hope potential buyers will give us their feedback on our blog. Historical information will also be available, updated where possible. For example, if a property was passed in at $3.8m at auction and then later comes back on the market for sale we will attempt to keep you abreast of that development, again with a little help from our friends through the blog.

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