Braden Menzies, Director of  Real Estate Central We have initiated the COVID-19 protocols for both our Property Management and Sale Department – so that we are remaining vigilant for the health and wellbeing of our staff, our highly valued clients and the greater Darwin community. My principal role at this time is to keep informed and abreast of challenges in the property market for all of our landlords, tenants, vendors and buyers and look for any new initiatives introduced by our governing bodies. I meet with my advisors daily to brief me on any updates on government incentives, to look ..read more

Our Protocols Real Estate Central are closely monitoring the unprecedented developments of Coronavirus (COVID-19) and taking every necessary precaution to ensure both our customers and staff are safe. Our Sales Department visit a number of properties daily and in the process, meet with vendors, prospective vendors and purchasers. Whilst there is only one confirmed case of the Coronavirus (COVID-19) in the NT, we are watching the evolving impact of this new environment in other states and territories in Australia and we are remaining vigilant. The health and wellbeing of our customers and staff ..read more

19 homes snapped up in $10m Darwin buying spree News Corp Australia 16 NOV 2019 Homebuyers went on an unprecedented $10 million bargain hunters’ spending spree at the Territory’s biggest auction in Darwin on Saturday. Picture: Gary Shipway Homebuyers went on an unprecedented $10 million bargain hunters’ spending spree at the Territory’s biggest auction in Darwin on Saturday. Of the 46 properties at auction by Real Estate Central 19 were sold and a further eight are under negotiation. Almost 80 registered bidders, among a crowd of 220, jockeyed to get the properties they wanted. Real Es ..read more

If you’re buying your first home or helping a family member enter the property market, make sure you’re ‘bid ready’ by doing the following before raising a bidder paddle or making an offer.  Three things every aspiring first home buyer needs to do before entering the property market. 1. Take emotion out of the value estimate Despite a house or unit being an inanimate object, you can get quite swept up in the emotion of choice. How often do we hear, “I just fell in love with the place.”  This thinking can lead to overpaying. Plus, when you combine attending innumerable open homes, se ..read more

How do you rate? The Reserve Bank cash rate has hovered at 1.5 per cent since August 2016. This rate has more-or-less translated to a standard variable rate among the banks of around 4 – 6 per cent depending on your lender. But with today’s RBA’s cash rate decrease of .25 basis points, and another .25 basis point decrease predicted before Christmas (most likely in October/early November), could you be doing more to make the most of it? The spare change you’ll have from saving an extra .25% on your loan now (assuming the banks pass on the full rate cut), plus another .25% before ..read more

What an eventful year we have already had in 2019, the vibe in the market is changing – I can feel it. I wanted to reach out and give you a short overview of the market, particularly now we are about to enter the peak selling season in Darwin. The federal election is now thankfully over and the status quo remains in place with the Coalition retaining government. There was certainly a high level of press leading into the election – scrutinising what impact the proposed changes from the opposition would have had on the property sector, resulting in  some resistance and high levels of appreh ..read more

On Monday 4th, Commissioner Hayne, heading up the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, released his report. It was a disappointing afternoon. We thought the Commission’s recommendations would address the underlying and systematic issues of misconduct by the Big Four Banks – they did not, instead, the Commissioner went hard against 17,000 small business owners. There were two main recommendations for mortgage brokers you might be interested in. Good news. The Commissioner is calling for brokers to act in the clients best interest ..read more

There’s been an increase in both demand and prices across Darwin this last quarter — according to a report released today by realestate.com.au. But there are a handful of suburbs that are leading the way for the city. Across Darwin, the most in demand suburb for houses is Nightcliff, and Fannie Bay is attracting the most demand for apartment-hunters. In Nightcliff the median house price is $665,000, while in Fannie Bay it is over a $1 million. Fannie Bay also comes in second place for most searched for suburbs for a house, while Bayview is the second most popular place to search for an apartme ..read more

Having homes styled before sale is becoming increasingly popular, with both stylists and real estate agents strongly recommending it to anyone looking at selling their home. Kahlia Cordony, director of Cordony Designs recommends styling, paintwork and a general refresh before going to the market. She told WILLIAMS MEDIA the emphasis used to be more on just styling, but now to achieve the price people are after, you are best off doing a refresh as well. “People personalise spaces to suit them and their family, but we de personalise and prepare the home so it is ready for a broader market. “We c ..read more

IN addition to the country’s highest capital city rental yields, new research has also shown that Darwin is home to the nation’s top cash-flow suburb. According to property analysts ‘Propertyology’, Darwin’s Northern suburb of Karama is Australia’s best capital city cash flow suburb. With a median house price of only $392,000, Propertyology head of research Simon Pressley said an investment property in Karama would generate a positive cash flow of $3600 per year if purchased with a 20 per cent deposit or $1700 per year using 10 per cent. “Even with a low 10 per cent deposit, the typical prop ..read more