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Category Archives: Property Management

Winners are Grinners!

17 Tuesday Oct 2017

Posted by glenngrantham in Awards, Awesome Conference, Bali, Bikini, Breaking News, Buyers, Clerical, Darwin, Darwin Award, Darwin, Northern Territory, Development, First Homebuyers, Glamour, Northern Territory, Property, Property Management, Raine & Horne, Real Estate, Rental, Sales, Sell, Selling, Uncategorized

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Especially when it means that you are jet setting off to Bali for the Raine & Horne Darwin Awesome Conference 2017.

award winners
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This Quarters Awards at Raine & Horne Darwin are always the most hotly contested as they are the last chance to qualify for your Golden ticket. A ticket which sees you boarding the plane and heading off with your high performing Team Members to enjoy the fruits of your labors in Bali.

The Quarterly Award Winners were

  • Adam Gulliford – Gold Sales Award – Qualified
  • Ange Hill – Most Improved Property Manager
  • Briana Bilsborough – Top Property Manager
  • Carly Wilson – Top Business Support – Qualified
  • Evdokia Nistazos – Top Business Support – Qualified
  • Elise Harris – Top Business Support – Qualified
  • Rebekah Styles – Top Business Support – Qualified

And then we have the Wild Cards…. as they sound…. qualifiers who stood out from the pack with their performances however may not have been part of the team for the whole year

  • Dan Cambell – Wild Card
  • Emma Parry – Wild Card
  • Briana Bilsborough – Wild Card
  • Ange Hill – Wild Card

Believe me! A few ‘Wild Cards’ are definitely what you need in Bali for the Awesome Conference and a few of this bunch will likely add to the antics!! Stay tuned for the next Blog which shows the carry on…….

 

A 60% surge in buyer enquiries points to a stronger Darwin property market

05 Thursday Oct 2017

Posted by glenngrantham in Auction, Beach, Boom, Breaking News, Buyers, Darwin, Darwin, Northern Territory, First Homebuyers, Gas, INPEX, Investment, Land, Land Release, Landlord, Northern Territory, NT News, Property, Property Management, Raine & Horne, Real Estate, Renovate, Rental, Sales, Sell, Selling, Uncategorized

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15 Hodgeson

Darwin, NT (6 October 2017) – A 60% surge in the number of groups at weekend open for inspections is a strong indicator the Darwin real estate market is set to surge.

“Compared to 12 months ago we have double and even triple the number of groups at each open home on a Saturday,” said Glenn Grantham, General Manager, Raine & Horne Darwin.

“Around 75% of buyers are savvy locals, who have been at our open homes regularly over the last 6 months.

“They recognise that a median house price of $445,000 and rental yields of 6-10% means that there is plenty of value in Darwin real estate right now.”

A local buyer, for example, has snapped up a spacious, well-presented 4-bedroom house with a pool at 15 Hodgson Drive Leanyer for $533,000.

15 Hodgeson

“The buyer has secured a great deal for a property that would have been worth significantly more at the peak of the market a few years ago,” said Mr Grantham.

On the supply side, Mr Grantham confirmed there are 1,500 properties for sale in Darwin and Palmerston.

“However, we only need 1,000 investors from around Australia looking to take advantage of our real estate affordability and robust yields that are better than anywhere else in Australia,” he said.

“If we could grab 300 investors from NSW, 200 each from Victoria and Queensland, and 100 buyers from Perth, Adelaide and Canberra to our market, we’d quickly see listings dry up and values start to head north.

“Just a small percentage of property investors from other capital cities would make a significant difference to the relatively small Darwin real estate market in a short period of time.”

15 Hodgeson II

Longer-term the economic outlook for Darwin is promising and should flow through to the city’s property markets.

“There is talk of another big oil and gas project on the way, while the ongoing troubles on the Korean Peninsula mean that an additional influx of US troops into the Darwin rental market isn’t out of the question,” said Mr Grantham.

Whether you are buying, selling or leasing a property in Darwin or Palmerston, contact Raine & Horne Darwin on (08) 8941 8941.

Demand for Darwin Rentals returning to all time highs.

21 Tuesday Mar 2017

Posted by glenngrantham in Boom, Darwin, Darwin, Northern Territory, First Homebuyers, median house price, Northern Territory, Property, Property Management, Raine & Horne, Real Estate, Rental, Uncategorized, Zuccoli Aspire

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Darwin, NT (21 March 2017) Demand for Darwin rental properties is booming, with leading property specialist, Raine & Horne Darwin finalising leases on more than 60 properties in February. 

“This result follows 60 properties we leased to tenants in January,” said Glenn Grantham, General Manager, Raine & Horne Darwin.

“Consequently, rental yields for Darwin houses have improved and are currently 5.1%, which is the highest in Australia. The Darwin apartment market is also starting to pick up some pace.”

The Darwin rental market is still above the 2% vacancy rate sweet spot achieved a few years ago, with vacancies running at more than 7%.

“That said, the vacancy rate for properties managed by Raine & Horne Darwin is only 4%, which is well below the city’s average,” said Mr Grantham.

“Investors need to be sensible about presentation and pricing to ensure a vacant investment property is tenanted as quickly as possible. It seems our landlords are listening.”

Rental days-on-market have fallen to an average of about 32 days in Darwin, according to Mr Grantham.

“Vacancies are headed in the right direction, which is a good sign, however its means investors shouldn’t be complacent about pricing and presentation,” said Mr Grantham.

For first home buyers seeking to exit the rental treadmill, Raine & Horne Darwin recently held the launch of the Zuccoli Aspire[1] display village.

Aerial Shot

“There are 22 homes in the village making it the biggest display ever in the Northern Territory,” said Mr Grantham.

“We had 1,500 people visit the display village on Saturday 11 March, which was very impressive.

“Most of the interested parties were first home buyers and they visited the village to inspect the offerings of the 18 builders involved in the project, and to learn more about the land lots available at Zuccoli Aspire, which are selling for as cheaply as $135,000.

“Add the $26,000 First Home Owner Grant, and first timers may need as little as $109,000 of their own, or borrowed funds to secure a lot at Zuccoli Aspire.”

[1] http://zuccoliaspire.com.au/

https://www.therealestateconversation.com.au/news/2017/03/21/demand-darwin-rentals-all-time-high/1490038836

Northern suburbs housing activity to drive Darwin property values

08 Wednesday Mar 2017

Posted by glenngrantham in Auction, Darwin, Darwin, Northern Territory, First Homebuyers, INPEX, Investment, Land, Land Release, median house price, Northern Territory, NT News, Property, Property Management, Raine & Horne, Real Estate, Renovate, Rental, Sales, Sell, Selling, Uncategorized

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Darwin, NT (27 February 2017) After two consecutive quarters of strong sales activity, Darwin prices are set to head north, according to Glenn Grantham, General Manager, Raine & Horne Darwin.

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 “There was a bounce in buyer activity in the second half of 2016, which is contributing to a boost in the prices of quality, well-located properties in Darwin’s northern suburbs,” said Mr Grantham.

Desirable houses in Jingili, Karama and Anula, are attracting 30-40 groups to open homes, with many selling within 3 weeks of reaching the market, according to Mr Grantham.

“Historically when values in the northern suburbs improve, this creates a ripple effect that eventually flow south to Palmerston,” he said.

Mr Grantham said that while values in Darwin’s north will rise in the medium term, vendors with properties in the city and the south must be patient.

“Regardless of where you live, to cash-in on current market activity, a property must be well-presented and priced sensibly to sell,” said Mr Grantham.

Other hurdles to a swift sale might include rental properties with long-term tenants, which are not realising competitive yields.

“A Darwin property generating a gross yield of less than 4% will be harder to shift in the shorter-term,” said Mr Grantham.

“The bottom line is that properties with a few flies on them will be more difficult to sell now. However, when the momentum picks up across Darwin, they’ll wash through the market too.”

Owner-occupiers continue to dominate the Darwin market, although Mr Grantham said that interstate investors are increasingly among the buyers.

“We had a Sydney investor who wants to use his self-managed fund (SMSF) to buy a property worth $470,000 which will rent for $475 a week. This is a stronger return than Sydney real estate, or other asset classes such as cash and fixed interest,” he said.

“We have plenty of product in the Darwin market that will tick the boxes for investors from the Southern States.”

Underlining the improving strength of Darwin rental market, Raine & Horne Darwin has leased 100 properties already in 2016.

“This works out at roughly 2 a day, and we have strong demand from trades people, public and private sector workers moving to Darwin now for work,” said Mr Grantham.

There are several planned and committed infrastructure projects set to begin in Darwin including the $500 million upgrade of HMAS Coonawarra and Larrakeyah Barracks, and the $250 million Darwin Luxury Hotel development[i].

[i] http://genielift.com.au/blog/outlook-for-the-non-residential-construction-industry-in-2017

Darwin Landlords need to retain Quality Tenants

05 Monday Oct 2015

Posted by glenngrantham in Darwin, Investment, Landlord, Property, Property Management, Real Estate, Rental, tenant

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Tags

$$$$, Darwin, Investment, Landlord, Property Management, Real Estate, Rental, Tenant

I was lucky to be invited to speak with Adam on the ABC Morning Program regarding Falling Rental Prices and what that means for the Darwin market. Especially the Landlord/Tenant relationship.

GLENN GRANTHAM - promo suit 2013

Here is the segment. Hope you enjoy.

https://glenngrantham.files.wordpress.com/2015/10/glenn-grantham.mp3

Rental Surplus in Darwin

04 Tuesday Aug 2015

Posted by glenngrantham in Backpackers, Darwin, Investment, Property, Property Management, Rental

≈ 1 Comment

Tags

$$$$, Backpackers, Darwin, Investment, Real Estate, Rental

Backpackers

Here is a sound grab from the interview I did on the ABC the other day discussing the rental supply in Darwin.

Are Backpackers taking up the rental properties available?

Hope you enjoy and I sound intelligent at times.

https://glenngrantham.files.wordpress.com/2015/07/glenn-grantham.mp3

Backpackers II

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