Auction watch: New suburb sales record set for Crace on bumper day in Canberra

Auction watch: New suburb sales record set for Crace on bumper day in Canberra

Auctioneer Scott Jackson in action at 44 Finniss Crescent, Narrabundah, which sold for just under $1 million.Auctioneer Scott Jackson in action at 44 Finniss Crescent, Narrabundah, which sold for just under $1 million. Photo: Elesa Kurtz

Real estate agents across the territory were in full swing on Saturday as a huge number of properties went up for auction.

While open houses generally attracted fewer people, put down to the number of community events on the day, about 70 auctions took place across Canberra.

A new record for the suburb of Crace was set at a Luton Properties auction, with the property at 7 Langtree Crescent selling for $1.47 million, more than $250,000 over the previous price record in the suburb.

Three other properties – in Barton, Garran and Chapman – sold for more than $1 million each, and two properties – in Nicholls and Griffith – sold for more than $2 million.

Ray White Kingston agent Cory McPherson sold 44 Finniss Crescent, Narrabundah under the hammer for just under $1 million.

Six registered bidders including some from overseas and interstate battled it out for the four-bedroom home in a fantastic location.

The buyers, who bought the property for $985,000, were keen to be in the catchment area for some of Canberra’s most prestigious schools.

“Everyone was coming to look at auctions today but in the inner south we found the open homes were very quiet,” Mr McPherson said.

“Telopea School had their fete and Girls Grammar has theirs so that was taking people away from the market.”

Mr McPherson said despite the slow open homes on Saturday, an oversupply of homes were about to come onto the market so the decent sales could slow down.

“About 98 properties came onto the market on Thursday, and that amount is unprecedented,” he said.

Casey resident Melissa Hindle sold her home on Saturday for about $20,000 above what she was hoping to achieve.

While the home hadn’t had overly successful open homes throughout the selling period, the two bidders were both determined parties.

“We had two bidders and it got $456,000 today,” she said.

“Which was good because we had to sell today.”

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The Green courtyard like a ‘garden in the sky’

The Green courtyard like a 'garden in the sky'

Dean Raihman: Current resident Raihman says The Green is a "tranquil sanctuary".Dean Raihman: Current resident Raihman says The Green is a “tranquil sanctuary”. Photo: Supplied

Buyers who missed out on securing an apartment in The Green, at Brisbane Showgrounds, have a second chance, with the last few apartments released on the market this week.

The Green, which consists of five medium-rise towers fronting King Street, was the first residential stage of the $2.9 billion urban renewal project by Lendlease and the Royal National Agricultural and Industrial Association of Queensland (RNA).

This month the first residents moved into their new homes at The Green, a historic moment for the 140-year-old Showgrounds.

Second chance: The last few apartments at The Green will be released in November.Second chance: The last few apartments at The Green will be released in November. Photo: Supplied

Dean Raihman was one of more than 500 residents who moved into The Green’s 365 apartments over the past few weeks. 

Raihman says he could immediately see the lifestyle benefits in establishing himself at The Green.

“I am really excited at the prospect of living in a precinct that will continue to evolve, grow and become more vibrant over the next 10 years.  

The Green is part of a $2.9 billion urban renewal project by Lendlease and the Royal National Agricultural and Industrial Association of Queensland.The Green is part of a $2.9 billion urban renewal project by Lendlease and the Royal National Agricultural and Industrial Association of Queensland. Photo: Supplied

“I have lived in New Farm for the past nine years, so being able to get out and about on foot to catch public transport, socialise with friends and attend foreign film festivals at the nearby cinemas in both James Street and New Farm was key in deciding where to buy an apartment.

“One of the most exciting features for me is the courtyard. I grow my own orchids, bromeliads and other sub-tropical plants, so I was immediately drawn to Lendlease’s genuine focus on making plants an integral part of The Green’s design.  

“The central landscaped podium feels like you’re living in a garden in the sky with its thickly planted bamboo, tall tree ferns and lush flowering creepers. It will be a tranquil sanctuary in the middle of a thriving lifestyle hub. I can’t wait to get settled and make the most of being so close to all the action,” he says.

The showground site adjoins the Fortitude Valley entertainment precinct and is only 1.6 kilometres from the Brisbane CBD.

Brisbane Showgrounds project director Andrew Hay says welcoming the first residents was a significant milestone for the new precinct.

“The inner-city locality means all residents will experience the modern benefits of city life with the history and character of the 140-year-old Brisbane Showgrounds site.

“Some of Brisbane’s best cafes, boutique retail, social hotspots and fresh food options are all within walking distance. Residents can also look forward to the opening of the new, vibrant King Street, which will be one of the most exciting elements of the showgrounds’ transformation.”

The regeneration project by Lendlease and RNA is the most significant urban renewal project in Brisbane since Southbank. It is expected to create economic activity worth almost $4 billion and more than 15,000 jobs (direct and indirect).

The total area is 22 hectares, of which 5.5 hectares is for private development including office, retail and residential property.

On completion, it will be home to more than 3000 residents and 12,000 workers.

The site includes hotel and convention facilities, parking and a new high street (King Street) with a fresh food market, shops, cafes and entertainment and a good variety of services.

For more details about the remaining apartments at The Green, go to or call 1800 448 757.

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Luxury development a new addition to Green Square

Luxury development a new addition to Green Square

Artist's impression: No. 1 Lachlan Street in Waterloo.Artist’s impression: No. 1 Lachlan Street in Waterloo. Photo: Supplied

Sydney home buyers could end up benefiting from a crowded property market in the city’s south-east, with developers now value-adding to apartment blocks to stand out from the competitive Green Square crowd.

Moving into the Sydney market to play a part in the Green Square regeneration, Melbourne-centric firm Time&Place has partnered with the Golden Age Group to deliver a new 143-apartment iconic island development in Waterloo: No. 1 Lachlan St.

The block will include bespoke designed club-style communal spaces, an identifiable sculptural exterior and a mix of generously proportioned one, two and three-bedroom apartments with city views.

Artist's impression: No. 1 Lachlan St. will feature designer gardens, sunken lounge areas, a sundeck and cocktail lounge.Artist’s impression: No. 1 Lachlan St. will feature designer gardens, sunken lounge areas, a sundeck and cocktail lounge. Photo: Supplied

Time&Place director Tim Price said it was essential to ensure the boutique development, which officially hits the market on November 28, had luxury inbuilt to cut above local property noise.

“Many other constructions will be made to look ‘shiny’ on the first day of release but some of the details are being overlooked by developers looking for the most efficient outcome,” he said.

“We could have taken an aggressive developer’s point of view and cut a lot out of the development but we are working hard on pleasing the property’s first buyers.”

Artist's impression: No. 1 Lachlan Street in Waterloo will add luxury to the mix in Green Square.Artist’s impression: No. 1 Lachlan Street in Waterloo will add luxury to the mix in Green Square. Photo: Supplied

The City of Sydney’s $13 billion Green Square project to transform the precinct into an urban metropolis will see 30,500 new dwellings going up over the next few years.

In the last two years alone, the number of one, two and three-bedroom units sold in Waterloo have risen by around 40 per cent according to data analysts, APM PriceFinder.

The City of Sydney reports there are around 10,000 residences in the area under assessment or construction.

“Once upon a time building 143 apartments was a large project but look at the projects in the Sydney market now. They are of a larger scale, with about 20 apartments on one floor and the level of intimacy is virtually non-existent.”

That’s why, he said, each floor at No.1 Lachlan Street will feature no more than a handful of apartments, starting at $660,000 each.

“When you have a busy life, it’s certainly a positive to retreat to a place where you don’t feel overrun by a thousand neighbours.”

The $35.5 million project, located four kilometres from Sydney’s CBD, will also include two lobbies, a childcare centre, and retail and commercial spaces when developed next year.

The partners will work with interiors experts, Hecker Guthrie,  which will collaborate with some of Australia’s best furniture houses to deliver unique internal spaces.

Designers Turner + Associates Architecture have also been brought in to transform the 5038 square metre site into an iconic yet personalised address.

“We’ve worked hard to ensure the apartments are created as a collection of homes, not just generic local spaces and are designed for residents to functionally live in,” said Nick Turner of Turner + Associates Architecture. 

Residents will get access to a communal area on level five and 10, which comes complete with designer gardens, sunken lounge areas, a kitchen terrace, a sundeck and a cocktail lounge.

“The space will pull people together and be the glue that gives the residents an environment from which a natural evolution of a building community can evolve,” he said.

Golden Age Group managing director Jeff Xu said once complete, the apartment project will be aspirational for owner-occupiers.

“By collaborating with the group’s team of experts we believe this project will deliver a fantastic result for the area,”  he said.

Price added: “No.1 Lachlan Street is not something you get every day from developers in a noisy market. This is a property that is understated but lasting and intimate. It provides a longer-term value proposition.”

Registration of interest commences on November 14. Off-the-plan sales will start November 28. Construction will commence in 2016 and be completed by 2017. 

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Industrial North Melbourne being transformed by apartment developments

Industrial North Melbourne being transformed by apartment developments

Artist's impression: Industrial North Melbourne is being transformed, thanks to demand for residential property that's close to work and amenities.Artist’s impression: Industrial North Melbourne is being transformed, thanks to demand for residential property that’s close to work and amenities. Photo: Supplied

Melbourne’s inner north is continuing to reinvent itself as developers find new uses for disused or under-used industrial land in suburbs like North Melbourne.

The latest Melbourne Apartment Essentials report by property consultancy Urbis shows increasing demand for inner-north apartments from the owner-occupier market.

Urbis associate director of economics and market research, Mark Dawson, says proximity to universities is not only driving up demand for student accommodation, there is growing demand from professionals and families wanting to buy closer to universities and other major employment and entertainment centres.

Artist's impression: Reflections in North Melbourne will overlook Gardiner Reserve in Haines Street.Artist’s impression: Reflections in North Melbourne will overlook Gardiner Reserve in Haines Street. Photo: Supplied

“Proximity to the city attracts young professionals.

“Households at different stages of life are choosing to trade off space and live closer to where they work or study and to take advantage of the entertainment offer,” says Dawson. 

“So greater demand for residential property close to work, education and entertainment has been driving up prices and creating opportunities in the inner north.”

Artist's impression: Reflections was designed by Plus Architecture.Artist’s impression: Reflections was designed by Plus Architecture. Photo: Supplied

Revel Development Group chose a site in North Melbourne for its latest project, Reflections, a 13-storey apartment building which will overlook Gardiner Reserve in Haines Street. Aptly named Reflections, its mirror-like polished aluminium facade will reflect its park-side setting.

Revel director, Daniel Caspar, says Reflections is “truly unique” due to the quality of architecture and its location “overlooking a park and so close to the CBD”. 

He says many of the 142 apartments have park-front views that will never be built out and generous-sized balconies to take advantage of the setting. 

“Buyers will have the best of both worlds – a quiet location that’s within a stone’s throw of a host of Melbourne’s best cafés, restaurants, arts and entertainment amenity. It’s in the coveted University High School zone which will appeal to young families seeking quality education for their children, and also in the hospital and university precincts,” says Caspar.

The Royal Melbourne, Royal Women’s and the Royal Children’s hospitals are within walking distance and the University of Melbourne and RMIT are close.

The design team, Plus Architecture, describes Reflections as “a unique design response to the project’s stunning park-side location – a 14-metre-high, mirrored glass façade that will quite literally reflect the beauty of the greenery around it”.

Head interior designer Narelle Cuthbert of Plus Architecture says: “The beauty of this project is the integrated approach between the architects and the interior design team – we worked together so the sense of nature and tranquillity is carried through in the interior design.

“The expansive lobby has been imagined as a cluster of trees and leaves, with undulating timber walls creating the form of tree trunks while the ceiling uses a recurring leaf motif from the building’s façade to form a forest canopy of reflective glass panels,” says Cuthbert. 

“Plus Architecture has told the story of the building’s mirrored façade through the exquisite use of soft metallic detailing, gloss stone benchtops and splashbacks, feature wall lights and timber joinery throughout.” 

Designed to attract owner-occupiers, Caspar says Reflections is a building “that mirrors a lifestyle more like a freestanding home”. The apartments feature Miele appliances, concealed cistern toilets, dual hand-held and overhead showerheads, custom joinery and oak timber flooring.

Multi-award-winning landscape architect, Jack Merlo, designed the 300-square-metre, podium-level rooftop garden.

A concierge service will operate six days a week to receive deliveries, provide valet parking and coordinate housekeeping.

The apartments have been designed to capture natural light and make the most of views. One, two and three-bedroom plans range from 40 square metres to 101 square metres internally, with balconies or terraces ranging up to 79 square metres. Apartments can be merged to create internal areas of up to 146 square metres with terrace areas of up to 74 square metres. 

Apartment prices start from $359,000 for one-bedroom designs. For sales inquiries, call Bradley Dean from Eton Property Group on 0413 508 866; go to or visit the display suite at 108 Haines Street, North Melbourne. It’s open Saturday and Sunday, 11am to 2pm.  

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New apartments set to complete the Green Heart of Chippendale

New apartments set to complete the Green Heart of Chippendale

Artist's impression: Duo is the fifth residential stage of the $2 billion urban village in the inner-city suburb of Chippendale.Artist’s impression: Duo is the fifth residential stage of the $2 billion urban village in the inner-city suburb of Chippendale. Photo: Supplied

Joint venture partners Frasers Property Australia and Sekisui House Australia have been given the green light to build the last two towers at Sydney’s Central Park.

The NSW government has approved plans for the two mixed-use towers called DUO, an investment of $520 million in Central Park, the $2 billion urban village in the inner-city suburb of Chippendale.

Central Park’s project director Mick Caddey​ says DUO will be designed by internationally acclaimed British architecture firm Foster + Partners “which is one the world’s most awarded architecture practices”.

Artist's impression: Duo is set to complete Central Park, the "green heart" of Chippendale.Artist’s impression: Duo is set to complete Central Park, the “green heart” of Chippendale. Photo: Supplied

“It’s pretty exciting as there is only one other residential project by Foster + Partners in Australia,” he says.

“It was Lumiere in Bathurst Street, Sydney, and also commissioned by Frasers.”

Based in London, Foster + Partners has designed some of the world’s most famous buildings such as the Reichstag in Berlin, the great court at the British Museum, and Chek Lap Kok Airport in Hong Kong.
DUO will be on the corner of Broadway and Abercrombie streets and will complete Central Park’s Broadway frontage. The eastern tower will have 313 apartments, from one-bedroom suites to three-bedroom, dual-key apartments, while the western tower will have 48 luxury apartments called the “DUO Limited Edition” on levels 11 to 16. The apartments will be released for sale in November.

Artist's impression: Duo is set to complete Central Park, the "green heart" of Chippendale.Artist’s impression: Duo is set to complete Central Park, the “green heart” of Chippendale. Photo: Supplied

“DUO will provide residents with a balance of high-end lifestyle offerings, innovative design and luxury finishes,” says Caddey.

“Resort-style recreational facilities complete what will be an extension of this inner-city lifestyle.”

The development will also include a 300-room hotel, ground floor retail, 5500-square-metres of commercial space, a large childcare centre for 90 children and the refurbished Australian Hotel.

Frasers Property Australia bought the sprawling six-hectare Carlton United Brewery site from the Foster’s Group in 2007 and, with Sekisui House, transformed it. Central Park is an extension of Sydney’s CBD, just 1.5 kilometres from Sydney Town Hall, five minutes’ walk from Central Railway Station, light rail and bus interchange. It’s in Sydney’s education precinct; next to University of Notre Dame and University of Technology Sydney (UTS) and a short walk from the University of Sydney.

Designed by a world-leading team of architects from Sydney, London, Paris and Copenhagen, Central Park has evolved in stages and includes five residential precincts including One Central Park, Park Lane, The Mark, Connor and finally DUO.

DUO will attract buyers who appreciate living in an “iconic building” designed by famous architects says Frasers’ sales and marketing director Paul Lowe. “It’s going to attract people who are used to living in an urban context and like the idea of having everything within walking distance – shops, cafes, great restaurants, art galleries, green spaces, and transport.

“These people recognise the benefits of living in a master-planned community. Central Park is a fantastic location; Chippendale is one of Sydney’s most diverse cultural hubs and is surrounded by other highly sought-after suburbs such as Surry Hills and Glebe.”

Central Park is one of Australia’s “greenest urban villages”, with its own on-site tri-generation power station and water recycling plant. Its sustainability strategy was devised in close collaboration with the Institute for Sustainable Futures at the UTS.

UTS director Professor Stuart White says: “Central Park will be one of the most significant developments in Australia in terms of its water and energy usage, and its commitment to recycling construction waste is also impressive.”

One-third of Central Park is dedicated to public open space. The master plan revolved around a 6400-square metre urban park, Chippendale Green, designed by Turf Design in collaboration with award-winning landscape architect Jeppe Aagaard Andersen from Denmark.

Turf Design director Mike Horne says: “Central Park will become the green heart of Chippendale – a place to get out, feel the sunlight, come together and meet friends.”

Andersen says: “If you’re walking from Regent Street to Broadway, suddenly you will find yourself in a place where you are not near cars, where you can only hear voices, and there are chairs, benches, trees and flowers. If you are working and living in the city, you need these breaks.”

Central Park will be home to 5300 residents and have a workforce of 1750.

For more details, visit the Central Park Sales Office at Central Park Avenue (corner Carlton Street), open daily from 10am to 6pm, call 1300 857 057 or visit

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7 Reasons to Invest in Property

reasons to invest in property

This article is aimed at prospective and first-time property investors.

It contains seven reasons why you should consider property investment as a long term wealth creation vehicle and links to lots of free information and resources to help you start your journey.

1. Minimise Risk Through Portfolio Diversification

When investing in property, you’re able to minimise your investment risks by diversifying your portfolio.

The temptation for some first time property investors would be to stick with what you know best.

It is easy to imagine buying an investment property close to your principal place of residence – you would be able to keep an eye on the tenants, you know the area, and you might even be able to rent out the property to someone you know.

But in terms of managing risk through diversification, think about it like this.

If the suburb in which you have your principal place of residence suffered from a down turn then not only would your home be at risk, but so would your investment property.

Those wishing to manage their property investment risk through diversification can consider investing in properties:

Whichever option, or combination of options you choose, diversification can help lower your likelihood of cash outlay and capital loss, whilst providing more flexibility when you decide to sell.    

2. Tangible Asset Value

For many people, real estate or shares are the two most popular investment options, and both should be regarded as longer-term investments.

An obvious difference between the two is the amount needed to get started.

An investor in the stock market can start small by buying shares worth a few thousand dollars whereas property investments generally involve a commitment of hundreds of thousands of dollars.

Of course, the fundamental objective of an investor should be to find an investment which generates maximum returns with the lowest possible risks attached.

It’s also worth considering the time you need to devote to different types of investments. The stock market can be extremely volatile, and driven by sentiment rather than rational financial thinking.  

By comparison, real estate investment can deliver an expectation of capital growth over time, combined with other attractive benefits which include:

  • Consistent rental income
  • Tax advantages
  • Security of “bricks and mortar” and
  • Capacity to manage and control your own investment

The aspect of control is a very important consideration.

Property is a tangible option, and as the owner, you can see exactly what condition your investment is in and have the option to improve its condition and potential value through renovations.

3. Income Through Rental Returns

The fundamental objective of property investment is wealth creation, achieved through a combination of income and capital growth.

For many investors, particularly in the early stages of building a property portfolio, regular rental income is the only means by which mortgage repayments and other ongoing property expenses can be met.

If an investor is not receiving a realistic market rent for the property, or if there are regular periods of vacancy, then this represents a cost or reduction in the overall investment yield in much the same way that operating expenses do.

Determining gross yield

A guide to the yield being generated by a property is obtained by dividing the total annual rent by the purchase price and expressing the answer as a percentage.

For example, a weekly rental of $350 ($18,200 per year) for a property purchased for $260,000 generates a gross yield of 7%.

The net yield is calculated in the same way, except that property expenses such as council rates, insurance, and maintenance are deducted from the yearly rent received figure.

The potential yield should be a critical part of any decision to purchase an investment property, and should help dictate the price an investor is prepared to offer.

4. Long-Term Capital Growth

Property investors rely on the capital growth of their investment properties as a steadfast means of investment return for the future.

Capital growth is the increase in value of your property portfolio over time.

Purchase a property for $200,000. After 10 years, it will be worth:

  • 5% Capital Growth –        $326,000
  • 10% Capital Growth –      $519,000
  • 15% Capital Growth –      $810,000 

 To explain capital growth it’s useful to refer to an old saying.  Buy land, they’ve stopped making it.

The supply of land is finite, whereas the population is ever-increasing and the demand for property generally grows at a faster rate than the supply.

The potential capital growth of a property is one consideration that should be taken into account when analysing the viability of a real estate investment.

To begin with, it is a myth that all properties will experience capital growth.

Likewise, just because a certain suburb has experienced a certain degree of capital growth does not mean that all properties in this suburb have reaped the benefits.

(Download a free report showing suburbs with best capital growth here)

Capital growth is also not constant.

This means that your real estate investment will not necessarily appreciate in value each year, nor will it necessarily appreciate at a certain rate each year.

Depending on the price paid at the time and the location, the property value may not rise significantly enough to ever turn a profit.  Conversely, we have seen prices in certain areas of Australia, such as Sydney and Melbourne, increase significantly over the last 12 – 18 months.

property price increases

It’s important to remember that the property market is cyclical with periods of booms and declines. 

The Property Cycle
the property cycle

What drives capital growth?

Capital growth of a property is driven by supply and demand. and other factors including:

  • Land size
  • Location
  • Development in the area
  • Sales values of surrounding areas
  • Infrastructure proximity
  • Increases in wage levels
  • Population demographics

5. Tax Benefits

Investing in real estate also grants you several tax benefits.

property investing expenses

Common tax deductions you can claim

  • Interest on the money you have borrowed for your investment property.
  • Tenancy costs – the costs of advertising your property and any letting fees paid to property managers.
  • Repairs and maintenance costs are usually tax deductible in the tax year they are incurred. There is a distinction between repairs and maintenance expenditure, which can be described as restoring an item to its previous condition or standard, and the cost of capital works which result in an improvement in condition, such as a kitchen renovation.
  • Depreciating assetsDepreciation can be summed up as a write off of the cost of an asset over its estimated economic life which can allow investors to claim a deduction on the amount of tax they pay.
  • Holding costs – this is money you spend on owning a property and include body corporate fees, gardening costs, building and contents insurance and pest control. These costs are generally tax deductible.

Always talk to your accountant to ensure you are claiming your maximum legal entitlement when it comes to tax time.

Learn more about property investment expenses in this blog article.

6. Easy To Research

Real estate investors need to become information gathering experts when it comes to researching their next investment opportunity and negotiating the best deal possible on each and every purchase.

There are many different types of publicly-available information that can assist you to research your next property deal.

Use the research you collect to determine the absolute ceiling price you would pay for the property in question – don’t pay the seller the price they think the property is worth, pay only what you have determined it is worth thanks to your homework and due diligence.

Real Estate Investar members use our suite of tools to find, analyse and research opportunities that match their buying criteria.

For a 15-minute demo, just click here and our team will arrange a time to run you through our all-in-one property investment platform.

Book A Demo

7. High level of control

The minute you sign the dotted-line and settle on your property, the asset is yours and you have complete authority.

Having a high level of control means you can greatly influence a property’s worth, allowing you to increase your asset’s value through renovations.

To help you control your asset, it is important you structure your affairs correctly from the outset.

For example, structuring your finances properly can help you grow your portfolio and make subsequent investment property purchases easier and less expensive.

Consider whether your property investments will be made in your name, a company or trust structure or inside a self managed superannuation fund (SMSF)?

These top seven reasons to invest in property will help you make the right decisions at the start of your property investment journey, helping avoid costly mistakes and reach your financial goals sooner.


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On-Demand Webinar: Buying Low in a Hot Property Investment Market

We have compiled a list of suburbs that are flying under the radar yet poised to see strong price growth shortly. 

We’ve vetted these suburbs based on their solid property investment fundamentals, growth triggers and historical performance over the last 4 years and will share our findings with you in this must-attend webinar.

This interactive, content packed webinar will also include:


  • How to research and understand key suburb data and demographics in the current property investment market, to ensure you are targeting high growth properties
  • Understanding the key investment fundamentals of your target properties.
  • How to do your comparable research and due diligence to ensure your target properties and suburbs have solid growth fundamentals.
  • Identifying top suburbs worth looking into in today’s market for potential growth opportunities, based on recent data and analysis.
  • How to find, analyse and research investment properties that exactly matches your buying criteria with the Real Estate Investar property investment platform.
  • Accurately estimating the value of an investment property and viewing on the market and sales history for better negotiation.
  • An interactive Q&A session following the webinar where you can have your questions answered and learn from others.
  • Plus much more! 

This property investment webinar is the first of its kind for Real Estate Investar members and subscribers, providing you with the opportunity to get the most out of your property investment in the current market.

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