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Friday 18 August 2017 Article by Ben Tosi Professional opinions are divided over the future of Melbourne™s highly sought-after apartment market after a number of economists offered up their growth predictions for the next 12 months. The median apartment price in Melbourne grew by over $20,000 in the year leading up to June 2017, but there is very little consensus over apartment prices for the next 12 months. Real estate publisher , Domain, asked five economists how they thought Melbourne™s property market would react to record growth over the past year, with three economists expecting prices to fall by as much as 5% but two agreeing that prices will continue to grow at a rate of 5-10%. AMP Capital chief economist Shane Oliver told Domain that APRA™s tightening regulations on interest-only loans would result in a drop in investment activity bringing apartment prices down. œThis, along with a surge in the supply of units, will likely result in falls in unit prices and a slo...

We finally found a place we both wanted to call home, a modern,  remodeled single-family townhouse in Bushwick   a few blocks from the M and J trains, and miraculously, it was within our budget. And because it had been sitting on the market for a few months, the sellers were entertaining any offer. Our realtor encouraged us to put a bid in. The bid process is relatively easy, especially if you have a realtor. After looking at the comparable properties in the neighborhood, we figured out a price we thought was reasonable,  10 percent below asking.   Our realtor emailed an offer, noting how much we would need to finance, and attached our mortgage pre-approval letter (more on that later). We sat and waited, nervously. Unfortunately, this part of the story doesn't have a happy ending. We actually ended up losing this house ,  and four other properties,  before eventually buying our current condo. It's the best of them all, but I may be biased because it's the one we got. Here ...

Woodburn, Ore. —A private investor has acquired the Barclay Square Apartments , a 70- unit apartment property in Woodburn, Ore., for $6.27 million, from an investor with holdings in Oregon and Washington. At $89,571 per unit, the transaction represents the highest apartment price ever recorded in the city of Woodburn. Marcus & Millichap represented both parties in the transaction. “The record price achieved here in Woodburn is a reflection of prices currently being achieved throughout Oregon’s secondary and tertiary markets,” Georgie Christensen, a multifamily specialist in Marcus & Millichap’s Portland Office , said. Located at 2377 West Hayes Street , the property totals 46, 000 square feet and offers one- and two-bedroom units. The Barclay Square Apartments feature plenty of off- street lighted parking , a fenced playground area and coin- operated laundry rooms with brand new high efficiency front -load washers. Woodburn is approximately 30 minutes outside of Portlan...

Apartment rents for new leases in King and Snohomish counties jumped nearly 5 percent in the second quarter and almost 10 percent over the past 12 months, according to a new survey. In the second quarter, the average rent for new leases was $1,405, up $124 from a year ago, market- research firm Apartment Insights Washington reports . The firm tracks rents , vacancies and concessions at apartment complexes with at least 50 units. The annual rent increase for the latest period was the largest seen locally since Apartment Insights began tracking the market in 2005. It also is well ahead of the national average : Texas- based MPF Research said U.S. apartment rents soared in the second quarter and climbed 5. 2 percent annually , a 15-year high. Most Read Stories Unlimited Digital Access. $1 for 4 weeks. “While apartment rents are rising at a significant pace all across the country, the nation’s average price increase is being skewed quite a bit by the surging rents in the Western re...

Editor's Note — CNN Travel's series often carries sponsorship originating from the countries and regions we profile. However, CNN retains full editorial control over all of its reports. Read the policy. (CNN) — In a city where the housing price per square foot is more than $1,400, space is the ultimate Hong Kong luxury . The only place you can really stretch out? A hotel suite, of course. Sure, you'll pay for the privilege. But, rest assured, hotels know how to spoil guests who are visiting Hong Kong . The best suites in town not only include an enormous floor plan , but also must-have harbor views and the odd cinema, personal chef and rooftop Jacuzzi or two. If you're looking to splurge, these are a few of the most amazing suites in Hong Kong: InterContinental Hong Kong The Presidential Suite terrace at InterContinental Hong Kong . InterContinental Hong Kong sits on the edge of Victoria Harbour, on the Kowloon peninsula . On the top floor of the hotel, the Presiden...

Recent data shows that the average rent-to-salary ratio in Beijing is 58 percent. Some expats say they are not surprised because rent is expensive in Beijing. Photo: IC Helena Javitte, 28, from France has just moved into her new apartment in Xinyuan Xili in Chaoyang district. It is her third apartment in her four years in Beijing. For Javitte, who works at Sanlitun SOHO and commutes via scooter, a convenient location is the top priority, followed by the apartment and its price in that order. Her rent is about 40 percent of her wages, but she thinks it's worth the convenience. "I'm willing to spend more money than average on the apartment," she said. According to a recent report released by Shanghai-based E-house China R&D Institute, the average rent-to-income ratio in Beijing is as high as 58 percent, followed by Shenzhen, Guangdong Province with 54 percent, Sanya, Hainan Province with 48 percent and Shanghai with 48 percent. The figure has triggered discussions...

Real estate site Zumper looked at the median rent on a one-bedroom apartment across 27 Bay Area cities and found that almost nowhere in the nine counties can renters expect to rent a home for less than the California median price . This is hardly a surprise in San Francisco, where Zumper users can expect to shell out $3,420/month for a modest home, still the highest nationwide (although that price is down from last month and the same time last year, for the record). But in all, only five cities in the survey managed to dip below the state average of $1,686/month. And since one of those is Santa Rosa, which really shouldn’t be called part of the Bay Area despite having a regional relationship, that leaves only four Bay Area communities that make the grade as affordable by California standards . The winners are Livermore ($1,610/month), Concord ($1,600), Napa ($1,600 again), and Vallejo ($1,300). Brocken Inaglory Almost certainly not coincidentally, rents are up year over year in thre...

How plunging oil prices are reversing fortunes across Texas. Read all the stories in this series. MIDLAND — Thousands have been laid off. Tax collections are plummeting. Many are on the brink of homelessness.   Rows of drilling rigs and white company trucks sit idle — there’s no telling for how long. And, yet, amid the worst oil bust in decades, the energy capital of West Texas hasn ’t slowed down much. Several oil companies have recently built  office complexes in the area, and drilling continues , albeit at a more sluggish pace. The city plans to build a new convention center, and construction of a municipal courthouse is underway. Several more hotels, apartment complexes and eateries are expected to open   this year, and a second H-E-B grocery store just came online . "For hire" signs are ample, road crews prolific . And people still complain about the traffic. “People from the outside come in expecting to see boarded-up windows, 'for sale' signs everywhere,...

If the showroom for Rachel Cohen and Andres Modak's home-goods line, Snowe, looks an awful lot like an actual living room— that's because it is. Welcome to a new level of experiential shopping. More From In the Mag 20 articles Aug 15, 2017 A couple of months ago, Rachel Cohen and Andres Modak threw a dinner party at their New York apartment to celebrate Cohen's birthday. The spread was what one would expect from a design- conscious, well-heeled, thirtysomething Manhattan couple : The 35 guests were served buffet-style at the dining table—a sleek ebony wood affair outfitted with chic, no- frills white serving platters and meticulously lined stacks of matching dinner plates . A friend came over beforehand to mix a special cocktail , which was doled out in on- trend stemless cocktail glasses . The only difference: The plates, the glasses, the napkins, and every fork and knife were all for sale. The couple's dining table set with Snowe tableware Advertisement - C...