Territory Stories

The Northern Territory news Sat 25 Feb 2012

Details:

Title

The Northern Territory news Sat 25 Feb 2012

Other title

NT news

Collection

The Northern Territory news; NewspaperNT

Date

2012-02-25

Description

This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

Publisher name

Nationwide News Pty. Limited

Place of publication

Darwin

File type

application/pdf

Use

Copyright. Made available by the publisher under licence.

Copyright owner

Nationwide News Pty. Limited

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/238940

Citation address

https://hdl.handle.net/10070/629104

Page content

www.ntnews.com.au Saturday, February 25, 2012. Real Estate Liftout NT NEWS. 9 P U B : NTNE-WS-DA-TE:25-FGE:109LO-R: C-M Y-K 1044833V1 ntnews.com.aul l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l PROPERTYntnews.com.aul l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l PROPERTY Disaster recovery SOMETIMES the housing market is affected by things outsidehuman control. That does notmean aliens have landed. Rather, events can hit a community without warning and destroy property, and injure or even kill. Floods, cyclones, or fires are devastating, but they seem to have one thing in common in all these cases, the sheer strength and determination of peoples resolve to rebuild, not only structures but their lives too. Many property markets around the country are recovering from these scenarios. Weve had floods in Queensland and Victoria and now northern NSW. Fires hit Victoria and, last year, parts of Perth. As part of these events, so much physical damage and sheer mess can be dumped on streets, suburbs, amenities, parks yet within weeks, sometimes days, complete areas, especially in Queensland, were back to their former glory. Life, as they say, goes on. And as family homes are the source for most Australians, not just of emotional security but our financial future, they are the focus to rebuild, redecorate and move back in or sell on for a much needed fresh start after these events. But once a disaster has hit, the dollar value of a home is not just about greed but about security and peace ofmind. At Selling Houses Australia recently, we had the privilege to be involvedwith a flood-affected family fromBrisbane. Their single-storey home virtually disappeared under metres of dark, dirty, smelly water during the flood. We tackled the house rebuild and themarketing as usual but then we were faced with the daunting prospect of a local housingmarket in turmoil. Would anyone actually want to buy a home in this flood affected area ever again? In most need-to-sell-but-cant-sell scenarios I deal with, I followmy own personal check list. But the one thing my list does not include is instructions on what to do if nobody wants to buy in this area at all, no matter how nice the cushions are, how flattering the accent lighting, or how cheap we offer the home or creatively we run the marketing campaign. This is exactly the situation we were greeted with in Brisbane and I imagine that there are numerous others around the country now in similar circumstances. Only a few sales had been recorded since the flood. All to date had been in as is damaged flooded condition and in some of these dramatic instances, they had taken a whopping 50 per cent hit to their value. Our home on the show was the first in that suburb to go to themarket renovated. Youwill have towatch the show to find outwhat happened. Sowhat canwe, the Property Obsessed, learn from this? As a seller, be aware you may have to sell for an unbelievably low price and not be in a hurry for certainly a good six to 12 months after the event. After the first few years, the impact gradually lessens as each year goes by. Values start to establish themselves again so certainly for the sellers, time is the great healer. Andrew Winter is a real estate consumer champion and the host ofSellingHousesAustralia on Lifestyle Raine record busters Chris Weston, Trish McClelland and Glenn Grantham Chris Weston, Peter Kafkas and Glenn Grantham Chris Weston, Louise Nicholls and Glenn Grantham Robert Bevan Sales in the past quarterwere the best . . . in the past five years RAINE & Horne has handedout two platinum sales awards at an awards night for the first time in its history. The awards went to Michael Tolios and TrishMcClelland. Darwin manager Glenn Grantham said they had delivered huge sales results. Peter Kafkas, Susie Patton Quinn and Lenny Holt won gold sales awards. New team members Susan Platt and Louise Nicholls also picked up trophies. The awards were presented by Robert Bevan, one of only two real estate agents to be awarded an Order of Australia for services to the industry. Mr Grantham said sales in the past quarter had been the best by Raine & Horne in the past five years. He said the real estate mar ket had lifted since the approval of the $34 billion Ichthys gas project. Its your view on Sunday all wrapped up. YOUR VOICE IN THE TERRITORY.