Real Estate News

New land hits Townsville housing market

July 30, 2024 seldone

News Corp Australia Network

Budd Photography (Townsville Photographer)

Urbex project director, David Argent, and Urbex sales manager, Sue Bidgood at the new Somers and Hervey residential development in Rasmussen. Picture: Roslyn Budd

Townsville homebuyers will be able to lock down a block in the region’s newest housing estate from today with the launch of the Somers and Hervey stage one land release in Rasmussen.

The Buttonwood release features 20 lots ranging from 375 sqm to 748 sqm and priced from $162,000.

The blocks were the first to be sold in the Somers and Hervey estate and the project, by national developer Urbex, is one

Real estate developer Concorde acquires 4.5 acres of land in Bengaluru for ₹100 crore

July 29, 2024 seldone

Concorde, one of Bengaluru’s real estate developers, announced a strategic investment of ₹ 100 crore in 4.5 acres of land in Thanisandra, a micro market of North Bengaluru.

The company plans to develop a residential project on this land parcel with a revenue potential of around ₹400 crore. Thanisandra is a hotspot in Bengaluru with increased demand for residential real estate, given its proximity to IT and business hubs, and the Kempegowda International Airport.

Also read: Concorde outlays ₹1,200 crore to expand its residential portfolio

“This project is part of our plan to expand our footprint in Bengaluru and to

Spurt in credit to real estate as housing sales boom – Money News

July 28, 2024 seldone

The credit flow to real estate, from both banks and private channels, has significantly grown as residential sales boom and the office property market on the mend.

Bank credit to the commercial real estate sector stood at Rs 4.38 trillion as on January 26 this year, up 36% YoY, according to recent Reserve Bank of India data. The growth was 8% YoY in January 2023.

Credit to the residential real estate sector is expected to grow 15-20% in both the current and next financial years. In FY23, it was at 17.3%, according to India Ratings and Research. Banks’ exposure to

Leaving Seattle because of housing costs? We want to hear from you

July 27, 2024 seldone

Seattle Times business reporter

It’s not news: the Seattle area is one of the least affordable places in the country. The median single-family home in King County now goes for an eye-watering $914,000, up 14% from a year ago, and buyers now need to make an average of $214,000 a year to afford a home without being stretched too thin — more than anywhere except California.

But while some residents have found ways to stay in this expensive area, others have had enough and moved to less costly communities — or even less costly states.

Some of these real

Bengaluru-based real estate firm Concorde acquires 4.5 acre land for ₹100 crore

July 26, 2024 seldone

Bengaluru-based real estate developer, Concorde, has acquired 4.5 acre land for ₹100 crore in Thanisandra, a micro market of North Bengaluru to develop a residential project with a revenue potential of ₹400 crores.

Also Read: Bengaluru real estate: 70% realty assets in the city developed through joint development agreements

Bengaluru-based real estate developer, Concorde, has acquired 4.5 acres of land for <span class= — Bengaluru-based real estate developer, Concorde, has acquired 4.5 acres of land for ₹100 crore in Thanisandra, a micro market of North Bengaluru. (REPRESENTATIVE PHOTO)

The company plans to develop a residential project on this land parcel with a potential revenue of around ₹400 crores. Thanisandra is located

10 most expensive homes sold in central Oregon, Mar. 18-24

July 25, 2024 seldone

A house in Bend that sold for $1.7 million tops the list of the most expensive residential real estate sales in central Oregon in the past week.

In total, 57 residential real estate sales were recorded in the area during the past week, with an average price of $682,858. The average price per square foot ended up at $378.

The prices in the list below concern real estate sales where the title was recorded during the week of March 18 even if the property may have been sold earlier.

10. $993K, single-family home at 2630 NW Morris Court

The property

Better Hiring Real Estate Agents to Originate Mortgages

July 24, 2024 seldone

Join the movement at Inman Connect Las Vegas, July 30 – August 1! Seize the moment to take charge of the next era in real estate. Through immersive experiences, innovative formats, and an unparalleled lineup of speakers, this gathering becomes more than a conference — it becomes a collaborative force shaping the future of our industry. Secure your tickets now! Learn more.

Looking at last year’s numbers, digital mortgage lender Better looks like just a shell of its former self, when the company’s sleek process fueled exponential growth during the pandemic as homeowners flocked to refinance.

In reporting 2023 earnings

Gurugram Basks Amid Rising Sales of Luxury Housing in India With Over 20% Year-on-Year Increase in Rental Yield | Real Estate News

July 23, 2024 seldone

Gurugram Basks Amid Rising Sales of Luxury Housing in India With Over 20 Year-on-Year Increase in Rental Yield

Photo : PTI

Gurugramalso regarded as the Millennium City, has evolved into NCR’s real estate powerhouse with remarkable projects across all verticals, including residential, commercial, mixed-use, and particularly in the luxury segment. According to recent research conducted by R&R, new launches of luxury units in Gurugram skyrocketed more than twice during the year 2023. Notably, the micro markets of GCER (Golf Course Extension Road) & SPR (Southern Peripheral Road), along with New Gurugram, collectively contributed to 90% of these launches.

Sales