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Category Archives: Manly

Untapped granny flat potential

CoreLogic Research News   •   17 Oct 2023 Potential 655,000 Granny Flat Sites New analysis of all residential properties across Australia’s three largest capitals has identified more than 655,000 sites suitable for the construction of a granny flat, offering a solution to

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Manly Suburb Report

Manly Suburb Report October 2023 Based on a CoreLogic suburb report for Manly commissioned by Shane Spence Real Estate (see link to the full report below) as of 10 October 2023: Suburb_Report_Manly_NSW_2095_Tu-59-2023 Sales Market House Prices: Manly house prices have rebounded

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Discovering Fairlight

A Historical Journey Through Fairlight NSW 2094 The history of any local area is intertwined with the development of the local real estate.  Before European settlement the local indigenous people were engaged in activities which used and enhanced the local

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Manly Real Estate Prices Hold Firm

Despite the best efforts of the Reserve Bank to dampen inflation and with it the housing market, the local Manly (NSW 2095) market has proven its resilience by refusing to buckle under the weight of interest rates rises. Looking at

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Shane Spence Real Estate Fairlight

New listings continue to rise!

New listings continue to rise, but are they in the areas where you want to buy? Eliza Owen from Corelogic 20 October 2021 As lockdown restrictions ease across Sydney, Melbourne and the ACT, the spring selling season has started in earnest,

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Housing turnover reaches the highest level in nearly 12 years

I often hear property buyers lamenting the shortage of stock in the current market.  My impression was quite different.  I thought the market was well stocked.  High demand created by low interest rates was causing properties to be sold in

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Prepare for new planning changes for short-term rental accommodation

posted by: Shane in: Investments, Manly, Real Estate

Prepare for new planning changes for short-term rental accommodation Are you responsible for letting short-term rental accommodation (STRA) properties? Work with your clients to ensure they register before 1 November 2021 to let out their property for summer. You can also register your client’s

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Manly Sold Auction

Auctions Still The Way To Go

I wrote this article in April 2019.  What a difference two and a half years make.  Here we are in October 2021 in the middle of the biggest boom I have witnessed in 32-years of real estate.  Still my advice

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Balgowlah real estate agent

Another Thing We Do

posted by: Shane in: Auction, Manly, Real Estate

Things we do for our clients

Cost Of Owning An Investment Property?

For every dollar of rent collected an investor should assume that around 30% of that income should be set aside for running the property. Considering a typical 2-bedroom unit, which might lease in the local area for say $650 PW

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