Latest news with #VICTORIA
Mercury
16-05-2025
- Business
- Mercury
Huge home discounts: Aus suburbs where you can bag a bargain
Savvy homebuyers are scoring big discounts across a number of Aussie suburbs where sellers are slashing asking prices by thousands of dollars to meet shifting market conditions. New analysis from SuburbData has revealed the top locations for buyers looking to bag a property bargain with Melbourne providing the biggest vendor discounts, the data shows. The Victorian capital currently has 17 markets where buyers could see price drops of over 10 per cent off the original asking price, compared to just eight locations in Sydney, three in Brisbane and one in Adelaide. SuburbData analyst Jeremy Sheppard said suburbs with high rates of vendor discounting were usually 'buyer's markets' where home seekers were entering price negotiations from a stronger position. 'There is a correlation between higher discounts and softer demand,' he said. 'Whatever situation the market is in, whether it's oversupply or some other factor, higher discounts reflect that buyers are in control and sellers have to take what is given to them.' MORE NEWS $80bn upgrade: Aussies' $1300 insane saving How to pick the next booming property market Second RBA rate cut to drive uptick in refinancing Here's how your state compares. QUEENSLAND Sellers across 20 Brisbane suburbs have been forced to cut prices by at least 5 per cent as rising stock levels and affordability pressures bite. Fringe areas like Ipswich, Logan, and Moreton Bay topped the SuburbData list, recording discounts of up to 16.3 per cent. Buyers in Banksia Beach and Wynnum West also secured discounts of about $100,000, or just under 10 per cent off the list price, while savings of 8 to 12.5 per cent were recorded in Eagleby, North Ipswich, Springfield, Wynnum (units), Woodridge, and Bellara, with discounts averaging $66,500 on homes priced between $660,000 to $823,500. Read the full story here. VICTORIA In Melbourne, Mont Albert delivers the strongest discount across the city, with vendors typically selling homes for 18.8 per cent less than they had expected. Point Cook, Collingwood, Lilydale and Altona round out the top five for biggest price reductions, with discounts varying between 13.8 per cent and 17.7 per cent. Other areas where markdowns were more common included parts of the southeast and inner suburbs with older housing listing sor higher proportions of investor-owned properties. Homes that required renovation or had been poorly maintained tended to sit longer on the market and sell at steeper discounts. Read the full story here. NEW SOUTH WALES Home seekers across pockets of Sydney have been given a double dose of good fortune: their loan costs are getting cheaper as interest rates drop but they're also scoring unthinkable price discounts. Exclusive new analysis has revealed multiple city pockets where home buyers have been securing deals averaging 10 per cent below the list price, helping them save upwards of $100,000. Most of the biggest discounts were secured on apartments across Sydney's middle ring, according to the study by research group SuburbData. There were also outer areas along prominent train lines where house discounting rates were high. Suburbs with particularly high average vendor discounting on units were Merrylands West, near Parramatta, and Rosebery in Sydney's south. Merrylands West apartments were typically selling for about 15 per cent cheaper than the advertised price, while in Rosebery the average discount was 13 per cent. Sydney-wide, the average discount on properties of all types, is about 1-2 per cent for private treaty sales, while the average price secured by auction was higher than the price guide. Read the full story here. SOUTH AUSTRALIA In SA, buyers are likely to score the biggest saving in Gulfview Heights with the average vendor discount sitting at 12.5 per cent. It means the average house is likely to sell for $120,000 less than the original asking price, based on the median suburb price of $960.000. Houses in Adelaide CBD are also selling, on average, for 8.2 per cent less the original asking price and 5.3 per cent in Modbury. Potential savings can also be found in Largs North, Banksia Park and Woodside in the Adelaide Hills, where properties sell between 2.1 per cent and 4.9 per cent less the asking price. Read the full story here. NORTHERN TERRITORY In the NT, the biggest winners would be mortgage holders in Fannie Bay, where the average cost of a house is sitting at $906,771. A 25bp cut would mean a saving of $216 a month on the mortgage of a typical Fannie Bay house, while a 50bp drop would save $230 a month. In Lyons, where the average cost of a house is $2.4m, a 25bp cut would mean a $109 monthly saving, while a 50bp cut would equate to $216 a month off the mortgage bill. In Nightcliff, mortgage holders paying off an average house could expect to save $105 (25bp cut) and $209 (50bp cut) a month. At the other end of the scale, a property owner paying off a unit in Bakewell, where the median price is $292,807 would see a monthly reduction of $37 based on a 25bp and $74 based on a 50bp reduction. In regional NT, a 0.25 percentage point rate cut would mean a monthly saving of $53 for an owner paying off a typical house and $32 for a typical unit. While a 0.5 percentage point cut would mean $105 a month of the mortgage of an average-priced house and $65 off an average-priced house. Read the full story here.
Associated Press
27-01-2025
- Business
- Associated Press
Big Wins, Big Rewards: XT.COM's Year of the Snake Celebration is Here for 2025!
VICTORIA, Seychelles, Jan. 27, 2025 (GLOBE NEWSWIRE) -- is delighted to announce the Year of the Snake Celebration, an exclusive global event designed for crypto enthusiasts, traders, and newcomers alike. This celebration is an opportunity to engage, connect, and thrive in the ever-evolving landscape of digital assets. Embracing Renewal and Growth The snake, a symbol of wisdom, creativity, and transformation in many cultures, perfectly represents the dynamic nature of the cryptocurrency industry. This event invites participants to explore innovative projects, refine their strategies, and build meaningful connections within a supportive and inclusive community. Regardless of your level of expertise, welcomes everyone to participate in this celebration of renewal, growth, and shared success. Activities, Rewards, and the Golden Snake Year Celebration is rolling out a variety of engaging activities and rewards tailored to different interests and experience levels—plus a Lunar New Year giveaway with a total prize pool of $1,000,000! From Trading Competitions that sharpen your skills and offer tokens or fee discounts, to our Referral Program where both you and your invitees can earn exclusive bonuses, has something for everyone. You can also participate in Airdrop Giveaways through partnerships with select token issuers, letting you explore exciting projects without an upfront investment. As part of Golden Snake Year Celebration, you'll have the chance to win gold bars, XT cash red envelopes, DJI drones, iPhone 16 Pro Max phones, and more. Here's how to join: Event Duration: January 27, 2025, 08:00 - February 9, 2025, 15:59 (UTC) Event Entry Web: Visit the homepage and click '2025 Spring Festival' in the navigation bar. App: Update to the latest version, then look for '2025 Spring Festival' on the homepage or the floating window. Register and Complete Tasks Once on the event page, click 'Join Now.' Collect points by completing tasks after registration—then use these points in the lottery or exchange them for prizes in the points store. Important: Tasks completed before registration won't count, so remember to register first! Registration Link: A Closer Look at Founded in 2018, now serves nearly 8 million registered users, over 1,000,000+ monthly active users and 40+ million users in the ecosystem. Our comprehensive trading platform supports 800+ high-quality tokens and 1000+ trading pairs. crypto exchange supports a rich variety of trading, such as spot trading, margin trading, and futures trading together with an aggregated NFT marketplace. Our platform strives to cater to our large user base by providing a secure, trusted and intuitive trading experience. Fostering a Global Community user base spans hundreds of countries, contributing fresh ideas and perspectives that fuel our collective growth. Throughout the Year of the Snake Celebration, will spotlight stories from people worldwide who use our platform to seek financial freedom, explore new interests, and forge meaningful connections. Prioritizing Security and Transparency understands that trust is vital in the crypto world, and is dedicated to transparency, compliance, and robust security measures that keep pace with evolving regulations. Our proactive approach includes stringent security protocols, round-the-clock monitoring, and continuous system upgrades—ensuring you can trade with peace of mind. Educational Resources for All knows diving into crypto can be daunting, so education is a cornerstone of our platform. Our resource library includes: Beginner Guides on blockchain fundamentals and core trading concepts. Advanced Tutorials on margin trading, risk management, and in-depth market analysis. Interactive Sessions such as online workshops and AMAs to help you stay current on market trends and best practices. Strengthening Connections and Looking Ahead Ultimately, the Year of the Snake Celebration is about connection. With engaging events, friendly competitions, and open discussions, our aim is to foster real, lasting relationships across our community. As expands the selection of digital assets, we'll continue partnering with reputable blockchain projects and refining our offerings. looks forward to growing together and ensuring that everyone in the family has a bright and prosperous future. Come join our Year of the Snake Celebration—connect with other crypto enthusiasts, explore new opportunities, and find out everything has to offer! XT Exchange: Founded in 2018, now serves nearly 8 million registered users, over 1,000,000+ monthly active users and 40+ million users in the ecosystem. Our comprehensive trading platform supports 800+ high-quality tokens and 1000+ trading pairs. exchange supports a rich variety of trading, such asspot trading,margin trading, andfutures trading together with an aggregatedNFT marketplace. Our platform strives to cater to our large user base by providing a secure, trusted and intuitive trading experience. Bella Disclaimer: This content is provided by 'XT exchange'. The statements, views and opinions expressed in this column are solely those of the content information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
