Property Positivity Hits One-Year Low
Market sentiment hasn’t been so dour since covid related lockdowns.
By Terry Christodoulou
Tue, May 11, 2021 4:55pm
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Despite the ascendant housing prices across the nation’s capitals, new data suggests less than half of Australians believe now is a good time to buy property.
According to financial comparison website Finder, and its ‘consumer sentiment tracker’ – which analyses data from more than 24,000 Australians for 24 consecutive month – shows the end of April saw home-buying sentiment reach its lowest point since COVID-related lockdowns begun last year.
Further, Finder’s property positivity index sits at 49%, only 7% higher than April 2020’s low of 42%.
More recently, a record-high number of people (67%) thought it was a good time to buy in December 2020, according to the data.
“As lockdowns rolled out across Australia and open house inspections declined, Finder’s Property Positivity Index nosedived only to recover again as the housing market sprang back to life,” said Finder’s head of consumer research Graham Cooke.
“Both the rock-bottom cash rate and FOMO have turbo-charged prices but fears of a property bubble are making many Aussies pessimistic that now is the time to buy,” added Mr Cooke.
Although positivity surrounding property is at a year low, 74% of those surveyed believe property prices in their area would rise over the next 12 months – up from 24% from April 2020.
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Owned by Richard Outten, who’s penned screenplays for films including “Pet Sematary Two” and “Lionheart,” this is only the third time the home has been on the market
By CASEY FARMER
Tue, Aug 27, 2024 < 1 min
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A Mid-Century Modern home in Carmel, California, hit the market on Friday for just the third time in 70 years with a listing price of $4.25 million.
Located in the community of Carmel Highlands, the house is just steps from the coastline and comes with private beach access, according to the listing with Tim Allen of Coldwell Banker Realty in Northern California. Allen was not immediately available for comment.
The property last changed hands in 2010 when Hollywood screenwriter Richard Outten bought it for $990,000, public records show. Outten penned the screenplays for the 1992 movie “Pet Sematary Two” and the 1987 film “Lionheart,” and created the story for the 2012 “Journey to the Center of the Earth” sequel, “Journey 2: The Mysterious Island.” He was not immediately available for comment.
Built in 1953, the home’s mid-century charm has been preserved over the years while still being updated for modern living. Interior details include wood paneling, exposed-brick walls and beamed ceilings.
The single-level house has 1,785 square feet, which includes three bedrooms and two full bathrooms. Though not directly on the water, large windows flanking the adobe-brick, wood-burning fireplace look out at the ocean.
Sliding glass doors create a seamless flow between indoor and outdoor living. Outside, there’s a large patio surrounded by lush landscaping, and there are also meandering paths through sustainable succulent gardens, according to the listing.
In addition to its close proximity to the beach, the home is a 10-minute walk from downtown Carmel-by-the-Sea.
As of July, the median list price in Carmel is $3.1 million, up 8% from last year, even as active listings have increased 50% year over year, according to data from Realtor.com.
