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Tag: property

  • Property sellers are flooding the market but buyers aren’t biting | Housing market warning sign…

    Property sellers are flooding the market but buyers aren’t biting | Housing market warning sign…

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    Property sellers are flooding the market but buyers aren’t biting

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    Is the booming housing market party winding down? If the recent falls in auction clearance rates are an early indication, the answer is yes.

    We are a long way from calling this a buyers’ market, but a sharp deterioration in clearance rates – the percentage of properties that go to auction that are sold – is an early signal that over the past couple of weeks, buyers have developed the yips.

    In the past two weeks, clearance rates have significantly weakened and in the major markets of Sydney and Melbourne, prices are struggling to move up.

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  • Gunshot at rural WA property prompts police search for 58yo man, woman injured | Mullewa: WA Poli…

    Gunshot at rural WA property prompts police search for 58yo man, woman injured | Mullewa: WA Poli…

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    Gunshot at rural WA property prompts police search for 58yo man, woman injured

    Police are searching for Kenneth Giles after he allegedly discharged a weapon near Mullewa. (Supplied: WA Police)

    West Australian police are searching for Kenneth John Giles, 58, after an alleged shooting at a rural property in the state's Midwest.

    A woman has been taken to hospital with non-life threatening injuries.

    Residents nearby are being warned to look out for a white Nissan Patrol ute with the registration 1BIY 336 and contact police immediately on triple zero if Mr Giles is sighted.

    WA police are searching for a 58-year-old man following a shooting on a rural property in the state's Midwest region, about 450 kilometres north of Perth.

    Mullewa: WA Police responding to reports of gunman in Mid West town

    WA Police are responding to reports of a gunman near the Mid West town of Mullewa.

    Significant resources have been deployed to the area after reports of a man armed with a firearm about 6pm on Wednesday.

    Anyone in the vicinity is ordered to follow instructions from police.

    Up to four St John WA appliances are on standby at a command centre at Mullewa Police Station.

    Authorities were also called to an incident in Nunierra — about 72km north of Mullewa — about 5.35pm and attended to a woman, aged in her 40s, with non-life threatening injuries.

    Mullewa Railway Hotel owner Dimitri Christoforou said he was still serving guests at the pub, but was considering locking the front doors because he was “concerned”.

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  • Gretel Packer splashes $59m for property next door to Bellevue Hill home | A $200m compound? Gret…

    Gretel Packer splashes $59m for property next door to Bellevue Hill home | A $200m compound? Gret…

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    A $200m compound? Gretel Packer’s new $60m backyard

    The Packers are building another compound. Pictured is James Packer with sister Gretel.

    Gretel Packer, daughter of the late media tycoon Kerry Packer, ends the year with a huge new backyard snapped up for $59m that more than doubles the size of her grand Sydney estate.

    And the $3.3m stamp duty takes the cost to well over $60m.

    Recent settlement records for an unrenovated light pink house and a neighbouring vacant block in Bellevue Hill in Sydney’s affluent Eastern Suburbs, next door to Packer’s 1919-built mansion, Winston, revealed her as the new owner.

    It was a perfect opportunity for Gretel – older sister to James Packer and estimated by Forbes to have a net worth of around $2.25bn – to expand her luxury compound by an extra 2631sqm, meaning she now owns a 5122sqm compound. A reliable source estimated her property would now be worth about $150m.

    Gretel Packer splashes $59m for property next door to Bellevue Hill home

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    Gretel Packer has paid $59 million for a property next door to her Bellevue Hill home, settlement documents have revealed.

    The billionaire daughter of late media tycoon Kerry Packer paid $59 million for the estate of her late neighbour, Graham Nock, of the Nock and Kirby hardware family, in an off-market deal.

    Gretel Packer has paid $59 million for the property next door (the pink home pictured centre and the adjoining land) to her Bellevue Hill home, settlement documents have revealed.Credit:

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