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Home buyer slump puts pressure on Stockland

Home buyer slump puts pressure on Stockland Australia’s extended lockdown and sudden halt to migration are undermining diversified developer Stockland's strong start to the year and threatening earnings from its land estates and retail portfolio. Stockland, the country’s largest house and land developer, is a bellwether for home buyer sentiment but its strong pre-virus home buyer-driven recovery has come unstuck in the pandemic, with its retail portfolio also hard hit by the COVID-19 outbreak. A Stockland housing estate being built in Melbourne. Credit:Erin Jonasson

“Settlements are running in line with pre-COVID levels, it’s been sales where we’ve seen the real slowdown with the restrictions on people’s movements,” chief executive Mark Steinert said.

Prior to the virus outbreak, Stockland had experienced a promising…

The perks of buying a display home

The perks of buying a display home If you have ever dreamed of buying and owning a display home, read on... The Kuro by Webb & Brown-Neaves. Credit: Joel Barbitta/Supplied. If you have ever dreamed of owning a display-quality home, the good news is a number of builders offer the chance to purchase the real deal.

Sold complete with the modern furnishings hand-picked to suit, Webb & Brown-Neaves Sales Manager Peter Chellew said ABN Group display homes were great for style-conscious buyers seeking financial perks.

“Buying a display home as an investment has many benefits,” he said. “Most important is the six per cent rental return across ABN Group displays, which is substantially above normal rental returns.

“You have the perfect tenant, with the home being maintained in pristine cond…

What is a duplex

Duplex: What is a duplex & are they a smart investment? What does 'duplex' mean? The meaning of a duplex essentially consists of two homes built on a single block where the two residences share a common wall but have separate, independent entranceways. For all practical purposes, each home in a duplex property is an independent entity though they may exist under a single roof. Both units could either share a common land title or have separate titles after subdivision. Image: Twin Falls Hamptons - Lot size 435sqm with 16m width (Bluegem Homes) Why duplexes? Simply put, a duplex is a more affordable way to own a largely independent house, especially in an exclusive neighbourhood or a premium suburb. Given the runaway property prices in major urban areas across Australia, duplex homes like townhouses, make for an excellent investment for new home buyers as well as investors. A duplex delivers almost all the benefits of a detached house at about half the price, m…

Nigel Satterley leads push to lift virus restrictions and reopen ‘ghost town’ display villages

The West Live: Nigel Satterley leads push to lift virus restrictions and reopen ‘ghost town’ display villages Danielle le Messurier The West Australian Wednesday, 22 April 2020 9:22AM Once popular display villages into ghost towns. Credit: supplied

A powerful Perth property developer is fighting to re-open display villages, which have turned into ghost towns in the wake of coronavirus.

Nigel Satterley says the Federal Government's decision to ban open home inspections as part of COVID-19 restrictions has had a devastating impact on the number of people attending display villages, which customers can now only visit by appointment.

But many interested parties are instead opting to stay at home, according to Mr Satterley who said the only people who come out are “quite advanced” in their plan…

PROJECT BUILDER vs CUSTOM BUILDER

PROJECT BUILDER vs CUSTOM BUILDER Building a new home? Consider the PRO’s and CON’s of a Custom Builder vs Project Builder We have recently been approached by friend who had bought a block of land and was looking to build. They had visited several display homes and project builders but were becoming confused and as they put it, “getting lots of shock therapy” when they saw the quotes. They contacted us and asked what is the different between us “builders” vs these project homes in a display village. First things first, there are pro’s and con’s to both. Anyone that tells you otherwise is obviously pushing a sale or trying to mislead you. Secondly, there is no right or wrong choice – you need a builder to suit your needs. All builders offer different results, services, pricing, and time frames but in the end, we all build to the same building code standards. We have put together the below table with notes to help provide a comparison of the typical custom bui…

10 things to look out for when inspecting a display home

10 things to look out for when inspecting a display home If you’re looking into house and land package options, then inspecting display homes is an exciting next step. But before you jump in feet first, some industry insiders share their top tips and how to prepare so you get the most out of your visit. 1. Know your budget Before the fun of looking for your dream home begins, first know how much you can afford to spend. “Be really clear about that before you enter and know what your repayments will be and make sure you’re comfortable with that before you go out there shopping,” advises general manager of the Homebuyers Centre, Simon Mongan. In the same way you are going to shop around for your house and land, shop around for finance, too. “Not all banks are created equal and not all brokers are created equal,” he warns. “Someone who specialises in construction finance is usually the best because there’s a lot of moving parts when there’s a block…

What does it cost to build a granny flat?

If you’re looking to house a loved one, accommodate guests or even generate some extra money, a granny flat can be one option to consider. We look at how much it is likely to cost and outline some key issues to consider.

Are you thinking about adding a granny flat to your home? While in some cases a granny flat can be a suitable option for an elderly parent – hence the name – there are lots of other potential uses for them too. Maybe your kids are all grown up but not quite ready to move out yet or are staying at home to save for a home deposit. Or perhaps you have regular guests and would like to create more space to make them – and you – more comfortable when they come to stay. You may just want a home office away from the main house that can easily be turned into accommodation if needed. Or you might even be thinking of adding a granny flat to rent out and earn yourself…

What you need to know before building a granny flat

What you need to know before building a granny flat More than half a million homeowners across the eastern seaboard could build a granny flat if they wanted to, a recent CoreLogic report revealed. And there are plenty of reasons to consider it. Your adult children could use it as a pit-stop on the road to independence, enabling them to save a deposit. Your elderly parents could use it as place to age gracefully, without infringing on your privacy. Or you could use it to earn a little extra income, by bringing in some tenants. But before you call in the diggers, here are a few points worth considering. Why do you want to build one? The first step on your granny flat journey is to consider your reasons for building one. The recent CoreLogic report found that building a granny flat could boost your property value and rental income by 30 and 27 per cent respectively. But even so, Wakelin Property Advisory director Jarrod McCabe says choosing to build isn’t a decis…

Luxury interiors and high yields make display homes appealing

INVESTORS are among those showing an interest in two display properties listed for sale within the HomeWorld Centre at Kellyville — both offering higher than average rental yields.

Katrina Creer Hills Shire Times

This display home located in HomeWorld has been listed for saleSource:Supplied

INVESTORS are among those showing an interest in two display properties listed for sale within the HomeWorld Centre at Kellyville.

The residences, built by Mojo Homes, are not able to be lived in — just yet. Instead they will be leased back by the building company until the end of the year with potential for the arrangement to be extended until the exhibition village closes. While the stunning interiors and professionally landscaped gardens add to their appeal, the biggest drawcard is the higher than average rental yields both homes are set to generate.

The homes wi…

Visiting a display centre

Visiting a display centre is the start to choosing the right builder

News Corp Australia

Metricon’s latest design, the Bayville, has a ground-floor master bedroom suite and easy flow between indoor and outdoor spaces.

QUESTION: I’m considering going with a project builder for my next home but there are so many builders on the market. How do I make the right choice?

ANSWER: No matter how big or small your budget is, building a house is a major investment. And there are plenty of advantages of going with a project builder, not the least of which is having the opportunity to walk through designs until you find one you love.

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