Buyer surge outstripping homes coming up for sale

first_img The Ferguson home at 19 Kitchener Road, Ascot, is on the market now amid major demand for new listings. The pool was relocated on the site plan to create more green space around the home at 19 Kitchener Road, Ascot.He added that while COVID-19 restrictions had affected stock in the past 28 days, total listings as at May 21 was down 21 per cent compared with the same time last year. “Ray White Queensland is exceptionally proud to still have more than 5500 properties for sale. This is excluding rural, industrial and commercial properties.” Pent-up demand during COVID means “we are genuinely selling more than we’re listing”.“Data is showing high levels of pre-approvals for finance, so people can act quickly on fewer properties that are available. Pre-approval applications are up too,” Mr Warland said. “The amount of motivated buyers that my office has had has encouraged us to sell. There’s a lot of confidence in the market. I feel a good feeling with listings being so low, there’s a distinct lack of competition.” He said his office had more than 140 groups of buyers through open homes last Saturday, with 10 properties sold in seven days.Mr Ferguson said he, wife Tonja, and daughters Annabel, 16 and Holly 9, bought the Kitchener Road property six years ago and undertook an all-out renovation for what was to be their “forever home”. Home built by pokies heir has jaw dropping twin pools MORE: Massive mega mansion record price revealed Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours ago Ray White Ascot principal Dwight Ferguson and his wife Tonja at their home which is among those now being listed for sale in Ascot. Picture, John Gass.Surging buyer demand is outstripping homes coming up for sale, with some sellers jumping at the chance to capitalise on the fall in listings. Tony Warland, the Queensland chief executive of Ray White, one of the nation’s biggest estate agencies, said data showed that over the past 28 days, new listings were down more than 40 per cent in Brisbane, compared with the same period last year, when demand was rising.center_img Ray White Queensland chief executive Tony Warland The fireplace at 19 Kitchener Road, Ascot, is perfect for chilly Queensland winter evenings.This comes as the company gears up for more than 650 open for inspections next weekend.“The data from the portals and from our own website shows that digital traffic has never been higher, so there’s a lot of people looking to buy, which is a great landscape for our sellers.” Ray White Ascot principal Dwight Ferguson said high demand led he and wife Tonja to put their home at 19 Kitchener Rd, Ascot, on the market. “I have never seen so many buyer inquiries than right now. All the signs are there, because stock is so critically low, which means the supply-demand balance is tipped in favour of vendors.” he said. Coronavirus restrictions trigger rare sale on former Pink Palace site Homes are now selling faster than listings can be added, with data from the past seven days showing that properties sold outstripped new listings by 35 per cent, Mr Warland said. A play area for children was created in a new grassy zone at 19 Kitchener Road, Ascot. Hundreds of thousands of dollars went into creating outdoor entertainment and play spaces at 19 Kitchener Road, Ascot.“We did the whole lot, no expense was spared. It was like an open wallet situation as it was our forever home,” he said, “but we are very motivated sellers now.” The resort-style home is on a big 1,118sq m block with a 37.1m frontage, a full-size tennis court and a glass-framed swimming pool. “There are five bedrooms, three of those have ensuites. We filled the pool and put a new pool in, relocated it and that’s made it a family-friendly home with grass right around the property in three separate areas. There’s a kids playground, downstairs entertainment area and tennis court with artificial grass and a new playing surface. We moved the garage to the street level and turned the garage into a gym.”  FOLLOW SOPHIE FOSTER ON TWITTERlast_img read more

Badgers to fight Sioux on ice

first_imgWhile the UW women’s hockey team’s home matchup with North Dakota this weekend won’t have as much national attention or as many postseason implications as last weekend’s with Minnesota, it will be important nonetheless.Wisconsin (7-0-1, 5-0-1 Big Ten) split last weekend with a win and a draw, ending its 19 game win streak, and dropping the team into a tie for the top spot with New Hampshire in the national rankings. The second game of the series, a 3-3 tie, was especially disappointing for the Badgers, as they let a two-goal lead slip through their fingers in the final minute of play and were left with a sour taste in their mouths. This week though, the team has rebounded, working hard to ensure the late-game letdown against Minnesota won’t happen again.”I think we’re responding really positively,” said captain Bobbi-Jo Slusar of the team’s reaction in the aftermath of Sunday’s tie. “I think our practices have been good, we’ve looked like we’ve been up tempo, and we’ll be ready to go this weekend.””We had a very good practice yesterday, and today was pretty good,” head coach Mark Johnson said. “We’re just getting better as a team.”Though there isn’t as much time as usual between games this week — Wisconsin will play Friday afternoon after last playing Sunday — Johnson understands that might not be a bad thing as it gives the Badgers a quick opportunity to get back out on the ice.”It’s nice to have a short turnaround, because you don’t have to think about [the tie] very much,” Johnson said. “We get right back into our next game.”North Dakota (2-4-0, 0-4-0) comes into the series in a bit of a slump as the Fighting Sioux have lost their last four games and have failed to score in any of them, having been outscored by a whopping 19-0. The Sioux are a young team with just two seniors and only one junior, and inexperience has hampered them early on in the season.Yet, the Badgers won’t be taking them lightly.”I get more nervous about these games than I do when we play Minnesota,” Johnson said. “As coaches we have to make sure these kids are prepared and play up to their potential.”Johnson and his coaching staff must have been effective getting that point across as Slusar agrees the team must come out hard against the undermatched Sioux.”You can’t take [North Dakota] lightly, they’re going to come out and be a good team. They’re going to fight the whole way,” Slusar said. “They have nothing to lose, and we have a lot to lose. Games like [this weekend’s] are just as important as last weekend, we have to go out and play 60 minutes.”North Dakota, who is a mere 1-33 on the power play this year and averages just 19.7 shots per game, hasn’t been very successful against Wisconsin historically. Last season, the Sioux lost all six of their games against the Badgers, and the team has never beaten the Badgers, losing all 10 of the teams’ meetings. Despite those numbers, Johnson recognizes that on any given day an upset may occur.”It doesn’t matter who you’re playing or where you’re playing, you just have to come out and compete every night,” Johnson said. “You’ll see upsets because one team took someone lightly, but we don’t take anyone lightly.”Wisconsin opened the season against a lightly regarded Quinnipiac team and had little difficulty dismantling them. Over the course of the season, the Badgers have faced teams of different levels of play, and, with the exception of Sunday’s tie against one of their toughest opponents, the Badgers have emerged victorious every time.”We’ve been able to establish consistency over the season,” Johnson. “I anticipate us coming and playing quite well Friday afternoon.”last_img read more