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Welcome to the February 2024 Kincade International Realty Newsletter
Please take advantage of Dominic’s offer, it would be great to connect to him if you are a Buyer, Seller or an Agent
Dominic has been published in the following publications:
Please visit www.kincadeintrealty.com.au for more information
Wishing our colleagues, clients, and family, who celebrate Chinese New Year, a peaceful year from all of us at Kincade International Realty – Sydney, Australia
THE AUSTRALIAN MARKET
There were 1,551 homes taken to auction across the combined capitals in the first week of February down from 1,712 over the previous week, although up from this time last year (1,482).
In terms of clearance rates, capital city auction markets continued to show a solid bounce back from the weak results in late 2023, with the preliminary clearance rate rising to 76.2%, the highest since the first week of June last year. The early clearance rate was a step higher relative to last week (73.9%), which revised down to 68.3% once finalised.
Melbourne was host to the largest number of auctions last week, with 618 homes taken to market, returning a preliminary clearance rate of 73.1% (highest since mid-July last year). Sydney wasn’t far behind with 615 auctions, returning an early clearance rate of 80.4%, the highest preliminary result since the week ending October 24, 2021. This time last year, both markets saw slightly fewer homes taken to auction, with 564 auctions held in Melbourne and 601 in Sydney.
Across the smaller capitals, Brisbane recorded the busiest auction week, with 147 homes taken to auction, followed by Adelaide (103), Canberra (60) and Perth (7). Adelaide recorded the highest preliminary clearance rate at 86.2%, followed by Brisbane and Canberra, with early success rates of 71.1% and 61.2% respectively. In Perth, three of the four auction results collected so far were positive, while the one auction held in Tasmania was successful.
Source: Core Logic click here for the full article.
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BOROUGHS & BURBS,
The US National Real Estate Conversation
Please check out our Company Founder – Dominic Longcroft’s discussion with Roberto Cabrera – Brown Harris Stevens NYC and John Engel – Dougal Elliman Greenwich Conneticut on the Sydney Real Estate Market.
The Housing Market Down Under:
Sydney, Australia - Episode #102
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Welcome to the Australian Family Office
We are an independent privately held company, providing a high level of advice and service to individuals and families who live outside Australia. Clients who are looking for assistance in managing their assets within Australia.
Australian Family Office offers a wide range of services including:
- Real Estate Advice – Sales, Acquisition and Leasing
- Property Management Services
- Accounting Services
- Wealth Management
- Legal Services
- Insurance Services
- Schools Advice
- Staff Services
- Cleaning Services
- Plumbers / Electricians
- Gardeners Services for overseas investors
- Yacht Services
- Australian Travel Services
- Home Security
We have a well-coordinated expert team of professionals whose collaborative effort has experience from the legal, insurance, investment, real estate, business advice, legal and accounting services.
We also offer a wide range of concierge services for families, handling personal affairs and seeing to our client’s lifestyle needs.
We handle tasks such as managing household staff, making travel arrangements, property management, day-to-day accounting and payroll activities, management of legal affairs, family management services, and family governance.
Our services also include conducting background checks on personal and business staff, providing personal security for home and travel, aircraft and yacht management, travel planning and fulfillment, and the streamlining of business affairs.
Please click to review our website information to understand how we can assist you and your family’s needs in Australia.
Please contact us at office@ausfamilyoffice.com.au or +61 9800 9574
Testimonials
Australian family office really helped me with my investment property in Sydney, great service! Thank you to all the team!
- Joyce L -Hong Kong
Thank you, Australian Family Office, I could not have purchased my dream apartment in Sydney without your valuable advice!
- Bill T – London UK
You guys are the best! Thank you for helping me with my home in Sydney, it is so difficult to manage it whist I am working overseas.
- Janet M – Singapore
So happy was recommended to use Australian Family Office, I really needed your concierge services to help me manage my tenant and my property.
- Yvonne H – Shenzhen, China
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SELLERS and BUYERS ADVOCACY
We believe that this creates a window of opportunity to get into the property market as the Sydney market picks up again. Sydney has shown signs that the bottom of the market downturn has been reached, following several month-on-month increases in median property prices.
There are approx. 5 million people in Sydney, by 2050 it is estimated that Sydney will have 8 million people and NSW will have 10 million inhabitants.
We believe that Sydney has a unique lifestyle compared to other major cities around the world and that the economic benefits will attract overseas migrants from across the globe, as well as high paid jobs.
There are approx. 5 million people in Sydney, by 2050 it is estimated that Sydney will have 8 million people and NSW will have 10 million inhabitants.
At Kincade International Realty we would recommend that rather than trying to time the market for your next property purchase, based on where we are in the current property cycle. We would suggest taking a longer view. If your income is currently secure and the time to purchase is right for you, this may be an ideal time to invest in the Sydney property market.
International perspective:
According to the Real estate portal, realestate.com.au they reported the highest level of search activity from overseas ever in the March 2023 quarter, led by New Zealand, the United States, the United Kingdom, and China. Many of the foreign buyers are looking for properties $4M and above. The end of COVID-19 restrictions in China in late 2022 is a key reason for the recent increase in international buyers, as China remains one of Australia’s biggest source countries for migration.
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OFF MARKET (fixer upper) 4 Bed, 2 Baths, Double Garage and Garden property in Randwick, Sydney, NSW
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OFF MARKET OPPORTUNITY – SOLD
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2 Rush Street, Woollahra, Sydney, NSW, 2025
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Commanding the streetscape, on a sunny corner block to Britannia Lane
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Please
visit our website for all our lastest
Listings: kincadeintrealty.com.au
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Contact Kincade International Realty
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BUYERS:
Please contact us to learn how
we can assist you with your
purchase whether you are in
Australia or abroad. We have
very competitive buyer agent
rates and we will more than
cover our low commission rates,
with the amount we will save you
in your purchase. Please reach
out to our team office@kincadeintrealty.com.au
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SELLERS:
All is not lost, this will be a
tough market for 18 months, but
we have off-market buyers who
are looking for the right
opportunity and will pay a fair
price. Please reach out to our
team office@kincadeintrealty.com.au
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CALLING
ALL AGENTS: WE ARE
HIRING!
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Kincade
International Realty
(KIR) invite Real
Estate Professionals
to expand their
career and join our
firm of
International Real
Estate Specialists.
Our Company embraces
trust and freedom. A
genuine leadership
style for flexible,
experienced Real
Estate Sales Agents.
The Founder’s career
sales have reached
US$500 Million AUS
$750 Million. With
offices in both
Sydney and New York
we undoubtedly have
an appreciation for
diverse cultures and
clientele. Our
company operates on
the highest level of
professionalism and
has built many
long-lasting
relationships with
International and
Local Clients. Their
Sydney office is now
expanding in a
unique way!
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Kincade
International Realty
brings the best of
global real estate
practices to
Australia, leading
the field locally in
providing our
clients with the
service of both
offering their
properties for sale
as well as finding
real estate
properties for
purchase.
We believe that
helping our clients
find and sell
properties makes
perfect sense in a
world where every
client will be both
buyer and seller
during their
property journeys.
We value long
standing
relationships with
our clients and
pride ourselves on
offering experienced
trustworthy
end-to-end service
uniquely tailored to
each client's needs.
With global
connections, we can
also offer
assistance with
property
transactions in
major markets around
the world.
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DOMINIC J. STODDART LONGCROFT
Managing Director
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Dominic brings extensive real estate and marketing expertise to clients in Sydney and New York, with a keen understanding of international clientele and the global real estate market
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STEPHEN MUSZKAT
Senior Sales Executive
Sellers Advocate
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Core areas of experience and expertise: Eastern Suburbs/ Northern Beaches/ North Shore
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LANA
BELOFF
Sales Executive
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Lana has built an impressive client base through her dedication to clients’ real estate requirements
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Please checkout our
new site: kincadeboats.com.au
we are now able to
offer the great
little 240 Sea Ray
family overnighter
has all of the
features you would
expect in a
production built
American cruiser.
With features like
shore power, good
galley, enclosed
electric head with
holding tank and
shower, swim
platform, V Berth,
convertible dinette
to double berth and
double aft berth for
overnight stays you
and the family could
stay out overnight
and enjoy our
magical waterways.
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Dominic
Longcroft: The
Sydney real
estate agent
with NYC and
Switzerland
prestige
market
credentials
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We
maximise the value of our
clients' homes across the
country. Get in touch to see how
we can help you.
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©
2024 Kincade
International
Realty
PTY Ltd
, all
rights
reserved.
Level 1, 377
New South Head
Road
Double Bay,
NSW, 2028,
Australia
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Company
number ABN
15636173487
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