homes are selling faster nationwide compared to a year ago properties are being snapped up in less than two weeks New data from PropTrack revealed that the national median days on market the number of days a property is listed on realestate.com.au before it is sold was 42 days for both houses and units in August 2024 Coach’s wild $1.73m buy on footy trip Buyers line up to finish abandoned reno project Surprising reason these houses won’t sell houses and units sold at a similar rate to the national median homes in certain areas in Adelaide were transacted in a notably shorter time frame Glengowrie and North Plympton sold the quickest among all Adelaide suburbs marking the popularity of these areas with buyers Morphettville sold after just 23 days on market for $1.58m St Clair and Lightsview had the shortest days on market in Adelaide Not only were homes snapped up rapidly in several Adelaide suburbs but there were many that saw a significant annual decrease in the time taken to change hands as well Morphetville and Glenside were among these suburbs Houses in Windsor Gardens and Morphetville sold 27 and 22 days faster while units in Glenside sold 42 days faster Glengowrie sold after just 10 days on market for $1.2m A look at national home price trends indicate strong overall demand for housing with prices increasing for 20 consecutive months according to PropTrack’s August Home Price Index With interest rates highly likely to fall by early next year buyer confidence is expected to increase even further competition for housing is likely to intensify which will result in faster sales in sought-after suburbs third parties have written and supplied the content and we are not responsible for it completeness or reliability of the information nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders We strongly recommend that you obtain independent advice before you act on the content realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. 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The City of Marion have opened their brand-new playground in Glengowrie The residents of Glengowrie (and surrounding suburbs) have a brand-new playground in their midsts The brand-new playground opened in May this year and has been buzzing with locals since its opening enjoying the awesome new space for kids and families alike following a $360,629 investment from the Marion Council the hive themed playground is full of exciting features that you won’t find at any old playground around Adelaide including a gigantic bee you can ride The playground also sees a small “bee hotel” installed at the reserve to encourage native bees to stay and pollinate the plants including new fruit trees that have been planted The opening of the fantastic new development by the City of Marion comes close to the national celebration of world bee day on 20 May A day to recognise and acknowledge the role that bees play in our ecosystems and the importance of caring for them for a prosperous environment for future generations to enjoy The new playground comes as a part of the councils $14.5 million Open Space Framework project that began in 2018 and will continue through to 2028 which will see more than 120 parks and playgrounds upgraded and also has some shady spots to take a rest and escape the sun also seeing a BBQ onsite making it the perfect spot for a family day out Over 100 South Australian wine producers are showcasing their best to international importers this.. South Australian councils can now apply for a share of $1.4 million in funding.. Enjoy a fun and interactive dining experience where you can make your own Okonomiyaki.. We think we've found Adelaide's first guinea pig cafe Cosmo’s Pizza is opening beneath Hindley Street Music Hall this May relaxed contemporary dining and polished retail quite like King William Road.. Glam Adelaide is a news website dedicated to bringing you the best of South Australia we pride ourselves in supporting local business We would like to acknowledge the Kaurna people as the custodians of the lands and waters of the Adelaide region Get the latest SA news for free via our iPhone app here: https://apps.apple.com/au/app/glam-adelaide/id1626204930 Get the latest SA news for free via our new Android app here: https://play.google.com/store/search?q=glam+adelaide&c=apps&hl=en&pli=1 It's here. Glam Adelaide has today launched an app for readers all over SA. Following a viral video showing tensions in the community, the City of Charles Sturt... Adelaide has become home to many a High Tea spots that are perfect for... Stephen Noonan is bringing his much loved show The Boy and the Ball to... Wrong Turn At Lungfish is of exceptional quality and an unmitigated stand out! Over the next few days, South Australia will see mixed weather conditions, with Adelaide... CNN and the BBC World Service which is copyright and cannot be reproduced AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time) Harris Real Estate agent Simon Noakes has seven new properties hitting the market this weekend The real estate industry is switching to technology to prevent South Australia’s property market from coming to a halt in the wake of the coronavirus pandemic Agents were already taking social-distancing precautions before Prime Minister Scott Morrison announced auctions and open homes would be banned as part of stage-two restrictions They will now use technology to keep the industry afloat including apps that will allow househunters to inspect homes virtually and bid at live-streamed auctions Real Estate Institute of South Australia president Brett Roenfeldt said vendors would still be able to sell their homes and househunters would still be able to buy new ones “Basically (Mr Morrison) is forcing the real estate industry not to have gatherings of people,” he said “An auction can still be done but it will have to be done on some sort of online platform “We can do inspections by appointment one-on-one as well.” Mr Roenfeldt said he was confident the industry could handle the changes “We’ve just got to abide by the rules and we’ve got to be positive about it.” LJ Hooker SA/WA managing director Andrew Friebe said the new rules would change the way business was usually run but it was possible to sign documents electronically and conduct virtual tours and auctions through apps like FaceTime and Zoom LJ Hooker state managing director Andrew Friebe “It has its challenges but it’s not the end of the world,” he said “We’re well-equipped from a technology point of view “A lot of out agents are already doing virtual inspections.” Harris Real Estate managing director Phil Harris said while technology to live-stream auctions in particular had been around a while “It hasn’t been something that’s been of mainstream use,” he said “I think the reality is there’s going to have to be a level of adaptation the industry and the public are going to be so much better off Harris Real Estate managing director Phil Harris Harris Real Estate agent and auctioneer Simon Noakes said he had seven new listings coming to market this weekend Mr Noakes said there were still people out there who needed to buy and sell “There is still a strong appetite from buyers,” he said Glengowrie hs an immaculately presented updated interior and rear yard MODERNISED and immaculately presented throughout this solid-brick home has a large backyard You will find it at 66 Beadnall Tce, Glengowrie there is also a large garage with a mechanic’s pit and a teenage retreat/gymnasium with a cellar Enjoy it all from the covered alfresco entertainment area with a built-in barbecue The front door opens to a large kitchen/lounge/dining zone with a dishwasher and breakfast bar The lounge also includes a feature gas fireplace There are three bedrooms with built-in wardrobes The three-bedroom home is on the market with Century 21 The Bay and is being advertised without a price guide Location Map of Mah Sing’s 500 acres Glengowrie Estate township development in Semenyih KUALA LUMPUR: Mah Sing Group Bhd has acquired a 500 acres freehold land in Semenyih with an estimated gross development value (GDV) of RM3.3bil. “To be named Glengowrie Estate, the land is planned as an integrated township development comprising mainly double-storey landed homes with indicative prices starting from RM446,800,” the developer said in a statement. Mah Sing said the sale and purchase agreements (SPAs) were signed with Petaling Garden Sdn Bhd, a subsidiary of S P Setia Bhd for RM392.04mil. It added that the development charge, improvement service fund (ISF) and part of integrated water supply scheme (IWSS) costs have been paid by the vendor. Part of the external infrastructure has also been completed. An undulating land form allows Mah Sing the opportunity to explore unique design and creative opportunities while maximising land use, it said. Founder and group managing director Tan Sri Leong Hoy Kum said this acquisition is its most significant land acquisition in recent years and the scale of the project will allow very good master planning. “The acquisition will increase our township lands which will cater for demand of landed residential properties in the suburbs, in addition to high-rise residential properties in the city and industrial land in suitable locations. “Glengowrie Estate will build on the success of our affordable landed and township developments such as M Senyum in Salak Tinggi, M Aruna, M Panora and M Residence 1&2 in Rawang, Southville City in Bangi and Meridin East in Johor,” he said. According to preliminary plans, this integrated township will be developed with double storey landed homes, well-planned amenities and commercial lots. The residential homes will be reasonably priced with an indicative starting price from RM446,800. Mah Sing said subject to authorities’ approval and fulfilment of conditions precedent, the proposed development is expected to commence by third quarter of 2024 and to be developed over 8 to 10 years. Awareness programme and registration of interest for the project is expected to commence in 2024. Leong said this is Mah Sing's third land acquisition this year, following the acquisition of M Tiara, a 75.7-acre freehold land in Mukim Pulai, Johor Bahru with an estimated GDV of approximately RM480mil on June 13. “The acquisition will increase Mah Sing’s prime landbanks to 2,418 acres, with total remaining GDV and unbilled sales of RM26.86bil,” he added. We would love to keep you posted on the latest promotion. Kindly fill the form below The subsidiaries are Elite Park Development Sdn Bhd Grand Prestige Development Sdn Bhd and Mestika Bistari Sdn Bhd Announcing this in a press statement issued Aug 5, S P Setia said the disposal is part of its strategy to boost capital efficiency as it focuses on high-priority projects while steering the company towards a leaner business model S P Setia president and CEO Datuk Choong Kai Wai commented "The completion of this land sale allows us to reallocate resources towards significant projects reduce debt and align with our asset-light strategy to enhance competitiveness fostering a more dynamic and innovation-driven approach which increases profitability and stakeholder value," he added BURSASGXHomeBy KUALA LUMPUR (March 21): Property developer Mah Sing Group announced that the conditions precedent of the sale and purchase agreements (SPAs) for its proposed acquisition of a freehold land in Hulu Langat which involves a total purchase consideration of RM392.04 million was proposed by three of Mah Sing’s wholly-owned subsidiaries — Mestika Bistari Sdn Bhd Grand Prestige Development Sdn Bhd and Elite Park Development Sdn Bhd.  The group had entered into inter-conditional SPAs with Petaling Garden Bhd a subsidiary of S P Setia Bhd on June 19 last year for the proposed land acquisition includes a part of Lot 41 and Lot 1807 in its entirety The freehold land is undulating and planted with old palm trees and other trees The estimated gross development value (GDV) of the proposed development land is approximately RM3.3 billion Mah Sing added that the proposed acquisition is expected to be its largest township development in the Klang Valley with the development of double-storey landed properties well-planned amenities and commercial lots to be named Glengowrie Estate.  "Glengowrie Estate is aimed at attracting potential buyers who are currently residing in Kajang looking for more affordable alternatives away from the congested Kuala Lumpur city as well as those looking for countryside living with ready amenities and infrastructure," Mah Sing added.  The proposed development is expected to commence by the third quarter of 2024 and to be developed over a span of eight to 10 years.  It will be funded by internally generated funds and bank borrowings with the exact funding mix to be decided at a later stage after considering its net gearing level interest costs and internal cash requirements for its business operations Mah Sing has completed five land acquisitions for the past three years that included two parcels of land in Kuala Lumpur The total purchase considerations for these acquisitions amounted to RM397.4 million with gross development values ranging from RM469 million to RM790 million each Mah Sing has also purchased a four-acre plot in Mukim Setapak This land is slated for the development of a transit-oriented development which has a projected GDV of RM508 million Mah Sing proposed another land acquisition — a 185 acre-land in Sepang for RM100.72 million This land is intended for the development of Mah Sing Business Park which could potentially span 561.65 acres and has a projected GDV of up to RM2 billion Mah Sing’s shares closed two sen or 1.85% higher at RM1.10 on Thursday valuing the company at RM2.67 billion.