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Wheels in Motion For Commercial Real Estate Industry Charity Bike Ride

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THE Victorian leg of Chain Reaction, the week-long event that has become the commercial real estate sector’s highest profile charitable exercise, starts in Melbourne next month. The bike challenge, in which members of several agencies and other associated industries are represented, will take participants through 1000 kilometres to Mt Buller and back, and through Ballarat, Heathcote, Nagambie, Violet Town, Whitfield, Mt Buller, Mansfield, Yea and Flowerdale. [...]

Wheels in Motion For Commercial Real Estate Industry Charity Bike Ride

Thumbnail

THE Victorian leg of Chain Reaction, the week-long event that has become the commercial real estate sector’s highest profile charitable exercise, starts in Melbourne next month. The bike challenge, in which members of several agencies and other associated industries are represented, will take participants through 1000 kilometres to Mt Buller and back, and through Ballarat, Heathcote, Nagambie, Violet Town, Whitfield, Mt Buller, Mansfield, Yea and Flowerdale. [...]

Wheels in Motion For Commercial Real Estate Industry Charity Bike Ride

Thumbnail

THE Victorian leg of Chain Reaction, the week-long event that has become the commercial real estate sector’s highest profile charitable exercise, starts in Melbourne next month. The bike challenge, in which members of several agencies and other associated industries are represented, will take participants through 1000 kilometres to Mt Buller and back, and through Ballarat, Heathcote, Nagambie, Violet Town, Whitfield, Mt Buller, Mansfield, Yea and Flowerdale. [...]

Wheels in Motion For Commercial Real Estate Industry Charity Bike Ride

Thumbnail

THE Victorian leg of Chain Reaction, the week-long event that has become the commercial real estate sector’s highest profile charitable exercise, starts in Melbourne next month. The bike challenge, in which members of several agencies and other associated industries are represented, will take participants through 1000 kilometres to Mt Buller and back, and through Ballarat, Heathcote, Nagambie, Violet Town, Whitfield, Mt Buller, Mansfield, Yea and Flowerdale. [...]

Box Hill defies Whitehorse property trend

WHITEHORSE’S property market is spiralling down with thousands of dollars wiped off the median price of property in the past year. But real estate agents have stopped short of calling the decline a bust, saying plummeting prices are a return to realistic figures after boom years. While the latest Real Estate Institute of Victoria (REIV) figures show Melbourne’s median house price jumped 5.4 per cent to $590,000, all Whitehorse suburbs – except Box Hill – fell. The biggest losses were felt in Blackburn and Forest Hill. Blackburn dropped from a median of $903,750 for the March quarter to $799,500 in June, a quarterly loss of 11.5 per cent and a year-round drop of 9.5 per cent. Forest Hill prices fell 16.7 per cent from a median last year of $634,250 to $528,500. Nunawading is down 9.1 per cent, Mitcham 8.1 per cent and Vermont 7.8 per cent. Box Hill though has bucked the trend with an increase of 16.2 per cent to a median price of $960,000. Surrey Hills has shown a small increase of 5.7 per cent in the last year, but still fell 7.1 per cent in the past three months. Ray White Blackburn director Peter Schenek described the figures as a correction. “No doubt the top end has fallen dramatically,” he said. “Buyers are wanting value for money. A good property in a good position will still always go for a good price.” Burwood East’s Rose Real Estate director Peng Chung said a strong Chinese market was fueling higher prices in Box Hill. “Chinese families tend to gravitate to regions where there are other Chinese residents as anyone would do when they move to a new country,” he said. “The other advantage of Box Hill is its access to good schooling.” Mr Chung said prices were stabilising after skyrocketing. “A couple of years ago, if you had a $400,000 property, you could realistically put $420,000 to $440,000 on it,” he said. “Now that same $400,000 property, you would put on say $390,000-$410,000 and probably expect to get around the $400,000. “The market is returning to where it should be.” [...]

Shoot for the best

PHOTOS are the most important element of real estate, writes Melanie Gardiner. If a picture is worth a thousand words, what tales do your property photographs tell prospective buyers? Will they entice purchasers in fewer than eight seconds? That’s how long the average buyer spends initially reviewing real estate images, according to veteran photographer John Wheatley, director of Urban Angles. He says great photographs are the result of good preparation by vendors, a talented photographer and skilled retouching to create a polished result. After 10 years of shooting advertising campaigns, Mr Wheatley started Urban Angles in 2001 to bridge the gap between high-end commercial and residential real estate photography. Directors Michael Downes and Jules Tahan joined the company in 2004 and 2005. Today the company employs more than 20 staff, with photographers regularly flown to photograph major projects around Australia. Mr Wheatley said he’s surprised by the number of homeowners who don’t research a real estate agent’s preferred photographer or review samples of the photographer’s work before signing up. “It doesn’t cost a lot of money to get good photos,” he said. Choosing a less experienced supplier to save $100 can become costly in the long run. Bowed walls, cluttered spaces, poorly placed furniture, and white ghosting around objects “magic wanded” during retouching are all the hallmarks of poor quality photographs. “Vendors on a budget should opt for fewer high-quality images instead,” Mr Wheatley said. Urban Angles retouches images by hand, with up to five exposures blended together to create the perfect shot. It takes Urban Angles about an hour to process each property, four times longer than competitors relying on automated systems. “A computer can’t decide how to retouch an image properly. It needs to be done by a skilled retoucher. “It’s a slower process but gives you a much better outcome,” Mr Wheatley said. Working with a tripod encourages staff to think about image composition. Good photographers time appointments to suit a home’s orientation, carefully assess each room and adjust furniture placement. “We approach photographing a property in the same way as a high-end advertising job,” Mr Wheatley said. Urban Angles staff liaise with agents and vendors as they would an advertising director. Homeowners should allow $200-$400 for a daytime shoot, while twilight packages start at about $500, and combined day/night visits cost up to $990. “For most people, their home is their biggest asset, so they need to get it out there with the best photography,” Mr Wheatley said.Details: Urban Angles, 10 Grattan St, Prahran. Phone: 9827 0999 or visit www.urbanangles.com Top tips to ensure your home is ready for its close-up. WHICH ROOMS? To give buyers a good feel for your home, most campaigns highlight the exterior, kitchen, living areas, main bedroom, family bathroom and any outdoor living space. KITCHEN Small items can appear as clutter once an image is reduced for print and online … [...]

Melbourne Weekly Auction & Sales Results, Market Overview Saturday …

Tags: melbourne auction results , Melbourne Property, Melbourne Real Estate, Week End Auction and Sales results. This entry was posted on February 28, 2011 at 4:56 am and is filed under Auction Results, Hodges Real Estate Information. … [...]

Real Estate In Australia

About Australia

Australia is a country of so many extremes, being the sixth largest country in the world (50% larger than Europe) but having the lowest population density in the world, some 2 people per square kilometre. The country has historically strong links to Britain, with the Queen still the official monarchy of the country, [...]

Does the Reduction in First Home Owners Grant affect the Real Estate Industry?

The Australian real estate industry showed an increase in October 2009 after more than a year and a half due to a lot of construction that is now being seen in the country due to the low interest rates and the first home owners grant. This is despite the reduction in the first home owners grant [...]

Florida Investment Real Estate, First Things First

Considering investing in property? What are some pertinent things to consider before taking this leap? Of all the investment possibilities, investment in land generally produces the most positive results. It is vital, however, to carefully investigate the pros and cons, benefits and deficits of real estate investment. Most people look at investment real estate as risky [...]