By A. James For Daily Mail Australia
02:20 25 Jan 2024, updated 02:33 25 Jan 2024
A glorious retro-style home in Sydney‘s eastern suburbs owned by top Channel Seven executive Bruce McWilliam is set to go under the hammer next month.
Located in the sought after ‘Paris’ end of Paddington, 5kms from the CBD, the luxurious pad has been listed with an eye-watering price guide of $14.5million.
McWilliam bought the spacious three-bedroom, three-bathroom two-storey home as an investment property in 2002 for $2,735,000 reports The Wentworth Courier.
Since then McWilliam, who is Seven’s Commercial Director, has renovated the original house into a chic ‘European’ style dwelling.
Features include timber flooring, French doors, and two private covered balcony’s – known as Loggia – which open out from the bedrooms on the upper floor.
Meanwhile, the large kitchen boasts a walk-in pantry, generous breakfast island and plenty of bench space.
There’s also an al fresco entertainment deck downstairs that opens onto a spacious ‘family room’.
Other features include a separate ‘sitting room’, formal dining room and lounge room.
Highlights also include a large sculptured garden and a private office that can be converted into a fourth bedroom.
According to the report McWilliam’s hopes for a big pay day on the sale are well founded since the five-bedroom pad next door went under the hammer in November for a staggering $17.5million.
In 2021 the Daily Mail Australia reported that McWilliam is estimated to own around $100million worth of residential property in Sydney’s eastern suburbs, as well as commercial property in Double Bay.
That year the high-flying executive laid off a Spanish-style investment property in Bellevue Hill for $9million.
The five-bedroom home was listed with an $8.5million price guide, but is believed to have ‘sold well above’ that.
He bought the Bellevue Hill home in his wife, Nicole McWilliam’s name back in 2007 for $4.72million, and was renting it out for $4000 per week.
McWilliam lives in a property in Point Piper, close to his good friend and former business partner, Malcolm Turnbull.
By Freddy Pawle For Daily Mail Australia
07:52 18 Jan 2024, updated 08:56 18 Jan 2024
A real estate expert has tipped the property market to surge this year and revealed the ten best suburbs for investors across Australia – but there’s no good news for renters.
James Kirkland has predicted 2024 will be a year of increased home and rental prices, leading to an attractive growth market for savvy buyers but more pain for tenants.
The property analyst said buyers should not just be looking for suburbs with high rental yield but also value growth to protect themselves from rising interest rates.
He said suburbs such as Kensington, in Sydney‘s East, inner-city Melbourne‘s Carlton and Bulimba, in Brisbane‘s CBD, meet that criteria and are among his ten ‘suburbs to watch’ the year.
‘In 2024, we anticipate a surge in property prices fuelled by the relentless demand for housing outpacing the available supply,’ the executive general manager of sales at Little Real Estate said.
While the potential for growth will be attractive to many Aussies, Mr Kirkland said the same market influences are likely to negatively affect renters.
‘I think the rental crisis is showing no signs of slowing down,’ he said.
‘For the investor who’s had to pay a lot more, if they’ve got a mortgage on their property, they have the opportunity to increase rents depending on what state they’re in.
‘And increasing rents is likely to occur.’
Mr Kirkland said his agency’s Top 10 list considered several factors including access to infrastructure such schools, shops and transport.
Homes in these suburbs will generate a higher rental yield, but also come at a higher price.
The real estate analyst said homebuyers should also be looking at suburbs that have just received infrastructure improvements of have them on the horizon.
He said suburbs around Liverpool, in Sydney’s West, have nearly doubled in price in the past decade as the city’s new airport closes in on completion.
Mr Kirkland’s prediction of further increasing property prices is also factored in population growth due to surging migration and the housing shortage, which was ‘putting a lot of pressure on prices, which is likely to continue’.
‘I don’t think that’s going to slide out anytime soon,’ Mr Kirkland said.
He said those looking to buy should decide what type of investment property they want to purchase and get their finances together before making an offer.
‘You need to know what you’re aiming to do, and like every property investment, it should be a long term approach and strategy,’ Mr Kirkland said.
‘It’s all about getting your ducks in a row and understanding what you can borrow and what’s the investment strategy, Is it a high yield strategy, or is it a capital growth strategy?’
First homebuyers looking to invest in the market without a large amount of capital should be taking extra care in protecting themselves from fluctuating interest rates.
According to Mr Kirkland, this means looking to buy a property with a combination of a ‘strong yield and good capital growth’.
While the RBA held interest rates at 4.35 per cent in December, a 12-year-high reached in November, economists have tipped it to start to decrease throughout the year.
From rate rises, to mortgage prison, to another year of steady price increases across Australian property – it’s safe to say that there were plenty of curveballs for investors across the year.
Here, we take a look at the most listened to podcasts across the entire calendar year. Have you listened to them all?
As part of Smart Property Investment’s summer series, co-hosts Phil Tarrant and Grace Ormsby sat down to reflect on the 2022 property market, before considering what investors could expect across 2023.
Did they get it right?
Damian Collins sat down with Phil Tarrant to discuss the state of affairs across Australia’s property markets, explaining his belief of a “bullish” 2023 market.
Declaring the year that was “the year of opportunity”, the expert urged investors to “think outside the box” for their investment roadmap.
When we last spoke with this investor, he had built an impressive portfolio by his early 30s and faced the dilemma of being in “property jail”. In this episode, he gave an exciting update as to what was next.
Simon Loo spoke with Phil Tarrant to talk about how he grew his portfolio to 24 properties from 2016 to 2022 – which is currently valued at $18 million — including focusing on reducing debt, increasing his passive income and more.
It seemed the mortgage cliff was all anyone could talk about for much of 2023 – even though it never seemed to fully eventuate.
To get the ball rolling in 2023, data nerds Arjun Paliwal and Leigh Paliwal dissected the biggest trends in finance, policy and real estate to help investors charge ahead into the new year.
In this episode, Real Estate Institute of Australia (REIA) president and Dethridge Groves director Hayden Groves spoke with Grace Ormsby to wrap up an “extraordinary” 2022.
He also discussed how the market adjusted its sails to these headwinds and argued that while Australia was undoubtedly entering a transition period, it would continue to be robust and steady.
For those looking to jump-start your commercial real estate investing journey, look no further. Phil and Scott give a behind-the-scenes look at how to get one’s foot in the sector’s door, what are the usual challenges that investors face when transitioning from residential to commercial, and why heightened due diligence is needed when taking the plunge into this type of property investment.
In this episode of The Smart Property Investment Show, host Grace Ormsby sat down with Alex Lasry, the chief marketing officer of LocalAgentFinder, who made his foray into real estate investing in 2010 – just two years after the global financial crisis and smack dab in the middle of an apartment development boom.
Mark Bouris laid out the argument on why rapid rate increases – which has been the Reserve Bank’s traditional weapon of choice against inflation – won’t just cut it anymore.
In this special episode, host Phil Tarrant sat down with Mark Bouris, the founder of Wizard Home Loans and Yellow Brick Road, to talk about why the central bank’s approach to tackling the high inflationary levels was short-sighted, as it failed to consider economic trends.
Amid the turbulence of a fast-changing financial landscape, a couple found the “solution” to a perplexing situation with the help of a savvy mortgage broker and smart financing strategies.
In this episode, Smart Property Investment’s Phil Tarrant sat down with Eva Loisance, the manager for Finni Mortgages’ broker division, to talk about how rising interest rates threw a wrench in the investment plans of her real-life clients, Mark and Stacy.
For those playing along at home, the SPI property portfolio has been a listener-favourite ever since its inception.
On this episode of The Smart Property Investment Show, Phil Tarrant was once again joined by Munzurul Khan, chairman at KHI Partners and a driving force behind the SPI portfolio from an accountancy perspective.
At the point of recording, the SPI portfolio was valued at $8 million, had $3.5 million in equity, and touted 16 properties on the books.