Real Estate Survey Sydney

 Hello there, I was speaking to my client the other day and he told me that he did not know about the exclusions on his commercial property insurance coverage. I was mortified by this revelation because I could not believe him. I asked him to call his agent there and then to discuss the terms and conditions of the policy. He had no clue either. They later sent me an email about the policy and was going through the details to understand the clauses. Since they had a dispute with the insurance company, I had to find ways of claiming. It is a learning for those who do not pay attention to insurance. Here is an article that will throw some light on it.  https://www.commercialproperty2sell.com.au/blog/2022/06/6-insurance-tips-for-commercial-real-estate.php

 About one in every 17 homes were sold across Greater Sydney during the past year, with home owners in some lifestyle locations particularly keen to cash in on strong price growth. New figures from Domain show 7.16 per cent of homes in the Sutherland Shire traded in the 12 months to May, while 6.62 per cent of those on the Central Coast found new buyers. That was the highest turnover rate in the state, with the exception of the Southern Highlands and Shoalhaven region, where 7.89 per cent changed hands. Home owners in other areas were more likely to stay put, with the Baulkham Hills and Hawkesbury region, south-west and inner south-west seeing fewer than 5 per cent of homes sold. Nationally, 7 per cent of properties transacted over the year. Read More: https://www.smh.com.au/property/news/the-sydney-regions-with-the-lowest-and-highest-turnover-of-homes-20220624-p5awct.html

 When Nick Slater started selling houses in King Creek on the NSW Mid North Coast a decade ago, a seven-figure price tag was "unthinkable". Now, he says, it is the new norm. "Around five years ago in the King Creek market, we would have seen the first property exceed a million dollars," Mr Slater said. "Then gradually, we started seeing the first properties sell for over two million. The semi-rural area saw the median value of homes sold jump by $425,000 in the year to May, according to the latest data from CoreLogic. Read More: https://www.abc.net.au/news/2022-06-29/mid-north-coast-million-dollar-properties-king-creek-housing/101189520

 Hundreds more suburbs across Australia have joined the million-dollar club over the past year. House prices across 450 suburbs hit or surpassed a $1 million median over the year to May, CoreLogic figures show, and a further 37 suburbs also hit a seven-figure unit median. It comes after a record number of homes sold for a seven-figure sum over the year to March. In that time 23.8 per cent of homes traded for more than $1 million. CoreLogic research analyst Kaytlin Ezzy said the sheer volume of newcomers to the $1 million club, particularly across regional areas — which made up more than a third of new entries — reflected the property market’s strong growth. Read More: https://www.smh.com.au/property/news/choose-the-coast-or-go-west-the-suburbs-that-joined-the-million-dollar-club-20220628-p5ax81.html