For Sale

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<p><span>Property website onthehouse.com.au is set to be shut down April after its board ended negotiations with realestateVIEW just before contracts were due to be signed. </span></p>
<p><span>Onthehouse had pursued a joint venture with realestateVIEW.com.au which they said had more value than a Macquarie Group-led takeover bid that was rejected in January this year. </span></p>
<p><span>"I was extremely surprised they had changed their mind and I'm disappointed we've wasted the last two months of due diligence and expenses," realestateVIEW managing director Enzo Raimondo told The Australian Financial Review. </span></p>
<p><span>"In the absence of a sale agreement for the Onthehouse.com.au and media businesses, they will be closed by April 2016 at an estimated closure cost of circa $1.7 million," the ontheouse company said in a statement to the ASX. </span></p>
<p><span>No white knight has emerged, but industry players could be interested at a distressed sale price.</span></p>
<p><span>The website's assets will be written down to zero resulting in an impairment charge of $3.2 million. Residex will be retained in the envisaged restructure, forecast to deliver revenues of more than $2 million in FY16 and to operate at a break even position going forward.</span></p>
<p><span>In the absence of a sale agreement for the Onthehouse.com.au and media businesses, they will be closed by April 2016 at an estimated closure cost of circa $1.7 million. </span></p>
<p><span>"Now we need to focus on our software business and invest in it to create new opportunities around revenue and market share," chief executive Chris Meehan said. </span></p>
<p><span>"You can't continue to invest in something that is consuming $4 million in cash."</span></p>
<p><span>The real estate software business group's first-half revenue fell  3 per cent to $12.7 million from $13 million a year earlier. "The rebuild of the Console SaaS platform is an important element of RES’s overall strategy to increase its share of the real estate software market and develop new revenue opportunities through third party integrations," it advised.</span></p>
<p><span>Onthehouse was in advanced negotiations to form a joint venture that would combine the company’s consumer-centric portal (onthehouse.com.au) with real estate industry owned portal (realestateview.com.au.</span></p>
<p><span>It claimed the joint venture would create a significant third tier competitor in the Australian real estate portal market, with greater scale across both consumer audience and revenue, and is expected to be immediately profitable.</span></p>
<p><span>Chris Meehan anticipated the new business would have well over two million unique browsers per month, and around 75% of sale and rental listings.</span></p>
<p><span>"This joint venture would be a natural evolution for Onthehouse’s Consumer Online division.</span></p>
<p><span>Enzo Raimondo, RealestateVIEW’s managing director, said Onthehouse.com.au provided a strong strategic fit with RealestateVIEW.</span></p>
<p><span>It was last June when Onthehouse Holdings announced it was looking for a joint venture partner to assumed majority ownership of its consumer online division, the platform providing free access to property sale prices and estimated home values on most properties in Australia.</span></p>
<p><span>A strategic review of the company following months of internal company turmoil had resolved to keep and concentrate on its real estate solutions division that provides software tools for real estate agents, other property professionals and financial institutions through Console and Real Estate Ad Network. </span></p>
<p><span>It conclusions reached by the board have been touted as avoiding the need to raise capital and dilute the current shareholding, or obtain debt funding.</span></p>
<p><span>The board told shareholders the business had "significant intrinsic value that is not currently recognised by the market."</span></p>
<p><span>Its COD was set to be developed in a non-listed JV vehicle in which OTH Holdings would maintain an interest, of between 30% and 49%.</span></p>
<p><span>The board anticipated JV partners could be one or several of the following:</span></p>
<ol>
<li><span>Like businesses that can add experience, technology or other industry assets etc. to the venture; and/or,</span></li>
<li><span>Venture capital investors or other funders.</span></li>
</ol>
<p><span>"The board believes significant value can be created in this structure without the responsibility of funding the COD business.</span></p>
<p><span>"The search for appropriate JV partners has commenced and OTH is currently in discussion with a number of parties," chairman Tony Scotton told shareholders mid last year.</span></p>
<p><span>The board expected that the separation strategy would take six months to execute. </span></p>
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jchancellor-FAypfDUnLy

Onthehouse set to be closed after realestateview merger deal abandoned

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<p><span>The most clicked home on realestateview.com.au is three bedroom family home in an estate in the Riverina district of New South Wales.</span></p>
<p><span>The property, <a href="https://www.realestateview.com.au/Real-Estate/7-kirkwall-kirkwall-moama/Property-Details-buy-residential-9534378" target="_blank"><span>7 Kirkwaall Moama, NSW</span></a>, (above) is listed for $330,000 through Andrew Miller of </span><span>Ruralco Property-Goulburn Valley Region.</span></p>
<p><span>It has two bathrooms, a generous lounge and is located in the popular Highlands Estate.</span></p>
<p><span>The second most popular listing on realestateview.com.au is a three bedroom home on a 700sqm block at <a href="https://www.realestateview.com.au/Real-Estate/41-crane-drive-buronga/Property-Details-buy-residential-9575562" target="_blank"><span>41 Crane Drive Buronga, NSW</span></a>.</span></p>
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<div> <img src="/images/2015/09/29/41-Crane-Drive-Buronga-NSW-2739-Real-Estate-photo-1-large-9575562.jpg" alt="" width="462" height="308">
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<div>The property(above) is listed through Min Poole of <span style="line-height: 1.3em;">Barry Plant Real Estate Mildura for between $215,000 and $235,000.</span>
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<div>Another three bedroom home proving popular on realestateview.com.au is <a href="https://www.realestateview.com.au/Real-Estate/57a-erica-avenue-glen-iris/Property-Details-buy-residential-9435508" target="_blank">57A Erica Avenue Glen Iris, VIC</a>.</div>
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<div><img src="/images/2015/09/29/57A-Erica-Avenue-Glen-Iris-VIC-3146-Real-Estate-photo-1-large-9435508.jpg" alt="" width="503" height="335"></div>
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<div>Set on a 303sqm block, the home (above) has gated security access and two car garage with internal access and is available through Judy Balloch and Scott Patterson Kay &amp; Burton Hawthorn with $1.3 million hopes.</div>
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<div class="shownumbers-main-2 noprint">The fourth most popular listing on realestateview.com.au is <a href="https://www.realestateview.com.au/Real-Estate/69-neilson-crescent-bligh-park/Property-Details-buy-residential-9550320" target="_blank">69 Neilson Crescent Bligh Park, NSW</a> - a three bedroom home (below) with s<span>ide access to double garage with high access doors and a fully fenced yard.</span>
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<div class="shownumbers-main-2 noprint"><span><img src="/images/2015/09/29/69-Neilson-CRESCENT-Bligh-Park-NSW-2756-Real-Estate-photo-1-large-9550320.jpg" alt="" width="425" height="319"></span></div>
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<span><span>It is listed through </span></span>Colin Crawford and Melanie Attard from <span style="line-height: 1.3em;">Century 21 The Property Shoppe, Windsor.</span>
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<div class="shownumbers-main-2 noprint">The fifth most popular listing on realestateview.com.au is <a href="https://www.realestateview.com.au/Real-Estate/26-the-cobb-and-co-way-gol-gol/Property-Details-buy-residential-9508068" target="_blank">26 The Cobb and Co Way Gol Gol, NSW</a> (below) - a home office with <span>private boat ramp and registered mooring site on 5562m2 with 80'x 30' ft shed and triple automatic roller door access.</span>
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<div class="shownumbers-main-2 noprint"><span><img src="/images/2015/09/29/26-The-Cobb-and-Co-Way-Gol-Gol-NSW-2738-Real-Estate-photo-1-large-9508068.jpg" alt="" width="507" height="338"></span></div>
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<span><span>The property is available for between $695,000 and $795,000 through </span></span>Jason Zambelli of <span style="line-height: 1.3em;">Ray White Mildura.</span><span style="line-height: 1.3em;"><br></span>
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mick.cee-iDmgDDAmu8

Top five most clicked properties: Realestateview.com.au

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<p><span>Boonoorong on 20 hectares outside Flinders has been listed with $1.7 million plus hopes.</span></p>
<p>It was built in <a href="https://kayburton.com.au/properties/view/307326-25-eastern-grey-rise-flinders-3929-sale" target="_blank">2003 as a holiday house</a> by owners Grant Murray and Janet Truscott who had backgrounds in engineering and science.</p>
<p><span>Energy efficiency was the priority when commissioning the build.</span></p>
<p><span>Kay &amp; Burton agents Meg Pell has the listing, a Sunpower Design energy-efficient property.</span></p>
<p><span>The couple told <em>Fairfax Media</em> the solar-passive efficiency of the home meant very little energy was needed to warm the home in winter, and cool sea breezes blow from the coast to cool the home in summer.</span></p>
<p><span>They estimated the return on investment for the photovoltaic system (which converts solar energy to electricity) to break even after 30 years.</span></p>
<p><span>But with the demand for energy efficient materials, they now estimate less than 10 years. </span></p>
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Solar efficient Boonoorong at Flinders for sale

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<p><span>Magic Mountain, the iconic family theme park situated on the Sapphire Coast of New South Wales, near the town of Merimbula is on the market.</span></p>
<p>The award winning business has an <a href="https://www.burgessrawson.com.au/3P0737#.Vftfx94bSkg" target="_blank">asking price of $3 million</a>.</p>
<p><span>A unique business and development opportunity is for sale through Raoul and Billy Holderhead at Burgess Rawson.</span></p>
<p><span>The owners, Alan and Jean Richardson bought the theme park in 1997, keeping Magic Mountain in the family business ever since.</span></p>
<p><span>The park is advertised with a strong trade history and steady growth, recently ranking in the Top 10 attractions for the South Pacific region on Trip Advisor and South Coast NSW Tourism Awards.</span></p>
<p><span>The 46.93 acre site on two titles has road frontage of over 950 metres and significant scope for additional development STCA.</span></p>
<p><span>The park's key attractions include the Toboggan Run, a 900 metre track fully imported from Germany and the 'Diamond Python' Roller Coaster, the only roller coaster on the south-east coast of Australia, imported from Italy.</span></p>
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Magic Mountain, Merimbula theme park listed

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<p><span>Media personality Angela Catterns has listed her Balmain terrace for September 24 McGrath auction with $2.9 million plus hopes.</span></p>
<p><span>Glendarra, the 1897 freestanding Victorian terrace has water views from every level, positioned opposite waterfront parkland. It has an extensive rooftop terrace, set a short stroll from Darling Street.</span></p>
<p><span>Catterns, who appears regularly on Channel 10 morning panel show, Studio 10, has been an active member of the local community including being commodore of Balmain Sailing Club.</span></p>
<p><span>“Balmain and sailing is in my blood,” she once said.</span></p>
<p><span>Her late father Basil – a life-member of the Sydney Heritage Fleet and son of a ship's captain – was born in Balmain in 1918. </span></p>
<p><span>Radio 2UE dropped Catterns from its line up earlier this year. The terrace cost $2.2 million at 2009 Cobden Hayson auction with her partner, having been refurbished in 2000. </span></p>
<p><span><a href="https://www.realestate.com.au/property-house-nsw-balmain-120587217" target="_blank">There is now a media room</a></span><span>, plus 1000 bottle cellar with a wine fridge in the more recently renovated kitchen.</span></p>
<p><em>This article was first published in the Sunday Telegraph.</em></p>
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Broadcaster Angela Catterns lists in Balmain

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<p><span>The upcoming relocation of the Nedlands Whole Health Clinic has prompted the sale of a multi-use retail property in Perth’s premier medical hub.</span></p>
<p>CBRE’s Michael Milne and Ben Younger have been appointed to sell the property, which is located at <a href="https://www.realcommercial.com.au/property-offices-wa-nedlands-501664949" target="_blank">33 Stirling Highway and 100 Meriwa Street</a>, via a public offers invited campaign closing September 10.</p>
<p><span>Located on a single consolidated title, the property has an underlying land area of 589 square metres and benefits from rear lane way access and generous street parking options.</span></p>
<p><span>The Stirling Highway component of the property has a two year residual lease to prominent local surf retailer Windforce.</span></p>
<p><span>The Meriwa Street segment of the property will be sold with vacant possession, with its current tenant Nedlands Whole Health Clinic relocating to new medical facilities.</span></p>
<p><span>Mr Milne said the property offered a premium opportunity to secure a presence in one of Perth’s renowned medical and commercial hubs.</span></p>
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j.ballantyne1990-6AQqhLzZaK

Perth investment opportunities - Nedlands Medical Hub

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<p>The total number of properties for sale in Melbourne is down 5.5% over the last 12 months from a total of 27,898 listings. </p>
<p>Brisbane is down 4.1% at 17,414 listings and Sydney down 0.9% with a total of 19,060 listings, according to CoreLogic RP Data.</p>
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<p><a href="/images/2015/09/07/Screen%20Shot%202015-09-07%20at%201.11.37%20PM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2015/09/07/Screen%20Shot%202015-09-07%20at%201.11.37%20PM.png" alt=""></p>
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<p><img src="/images/2015/09/07/Screen%20Shot%202015-09-07%20at%201.34.15%20PM.png" alt=""></p>
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Total Melbourne listings down 5.5% for year: CoreLogic RP Data

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<div>Acclaimed architect Virginia Kerridge has listed her own South Coogee home having bought nearby. The house with apartment was completed in 2011 after a six year build by Andre Fombertaux in the beachside suburb. </div>
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<div>After paying $1.2 million in 2004, Virginia Kerridge gradually transformed her 1930s duplex into a pair of contemporary dwellings cocooned in a warm, textural palette of blackbean timber, polished concrete and raw fibre-cement.</div>
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<div>It all sits within gardens designed by landscape architect Jane Irwin cultivated by John Dimitric over the past decade.</div>
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<div>"The Kerridge House + Apartment represents an important chapter in the life of an intuitive Australian architect," says Marcus Lloyd-Jones, the listing agent from Modern House. </div>
<div>There's even a small piece of Kerridge history – the coach rail from her breakthrough 1995 Taylor Square warehouse project, repurposed as a handrail at the <a href="https://www.modernhouse.co/listings/kerridge-house-apartment/" target="_blank">243 Rainbow Street property</a>.</div>
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<div>The 1995 Taylor Square, Darlinghurst project saw her secure a merit recommendation in the state's major architectural awards conducted by the Institute of Architects. An earlier project was the tiny Potts Point eatery, La Buvette.</div>
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<div>There was also a late 1980s block of four apartments overlooking Fairy Bower at Manly. But mostly deluxe domestic commissions since Kerridge, who graduated from university in 1984.</div>
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<div>By the late 1990s Virginia Kerridge's works prompted the editor of Architecture Australia, Davina Jackson, to describe her as "the leading woman private practitioner in Sydney."</div>
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<div>She has since been regularly recognised in awards including as inaugural winner of the Houses Awards 2011 Australian House of the Year. Her clients have included broadcaster Merrick Watts in the inner west and at Kingscliff on the far north coast for Harvey Norman managing director Katie Page.</div>
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<div>Photos of her South Coogee house by professional photographer Michael Nicholson have been posted this week to go with the <a href="https://realestate.com.au/" target="_blank"><span style="color: #1155cc;">realestate.com.au</span></a> marketing campaign.</div>
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<a href="https://www.realestate.com.au/property-duplex+semi+detached-nsw-south+coogee-120531433" target="_blank">The house and apartment</a> look directly onto Bangor Park.</div>
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<div><em>This article first appeared in The Sunday Telegraph. </em></div>
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Architect Virginia Kerridge lists South Coogee duplex

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<p>A five bedroom landscaped home in the Meelup Hill Estate in Dunsborough, Western Australia, has been listed for sale with $2.2 million hopes.</p>
<p>The <a href="https://www.realestate.com.au/property-house-wa-dunsborough-117010943" target="_blank">125 Endicott Loop</a> two hectare residence has been listed through Michael Mort at JMW Real Estate.</p>
<p>With five bedrooms, four bathrooms and study, the property has been constructed with a dam, flowing creek and scheme water. </p>
<p>The house features an open fireplace in the living area and has elevated decked entertaining areas.</p>
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Meelup Hill Estate home lists with $2.2 million hopes

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<div><span style="line-height: 1.3em;">The top five properties attracting the most interest on realestateview.com.au this week are a mixture of those with development potential, trophy mansions and smart buys for potential investors.</span></div>
<div><span style="line-height: 1.3em;"> </span></div>
<div><span style="line-height: 1.3em;">The property generating the most clicks through realestateview.com.au last week was a potential development site at 17 Marriott Parade Glen Waverley.</span></div>
<div><span style="line-height: 1.3em;"> </span></div>
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<span style="line-height: 1.3em;">The home, set on 1538 sqm of land, is offered up as an </span>opportunity<span style="line-height: 1.3em;"><span style="line-height: 1.3em;"> to build a <a href="https://www.realestateview.com.au/Real-Estate/49-20-ellerby-street-glendalough/Property-Details-buy-residential-9226490" target="_blank">four storey apartment complex</a>. It sold through </span></span>Freeman Li and Tony Ievoli from <span style="line-height: 1.3em;">Barry Plant Glen Waverley.</span>
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<div><span style="line-height: 1.3em;"> </span></div>
<div><span style="line-height: 1.3em;"><img src="/images/2015/08/28/17-Marriott-Parade-Glen-Waverley-VIC-3150-Real-Estate-photo-1-large-9226490.jpg" alt="" width="500" height="333"></span></div>
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<p><span>The second most clicked property on realestateview.com.au is a  </span><span style="line-height: 1.3em;">brand new property located at </span><a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9156442" target="_blank" style="line-height: 1.3em;">10 Lauren Close, Gol Gol</a><span style="line-height: 1.3em;">, for sale at $490,000. </span></p>
<p><span>The four bedder with a massive family room and study nook features 9ft ceilings and spotted gum timber floors throughout.</span></p>
<p><span>It is for sale through Roccisano Real Estate.</span></p>
<p><span><a href="https://www.realestateview.com.au/Real-Estate/49-20-ellerby-street-glendalough/Property-Details-buy-residential-9226490"><img src="/images/2015/08/28/10-Lauren-Close-Gol-Gol-NSW-2738-Real-Estate-photo-1-large-9156442.jpg" alt="" width="438" height="291"></a></span></p>
<p> </p>
<p>The third most clicked house on realestateview.com.au this week is an expressions of interest for a Kew trophy home. </p>
<p>The property, <a href="https://www.realestateview.com.au/Real-Estate/49-20-ellerby-street-glendalough/Property-Details-buy-residential-9341870" target="_blank">25 Barry Street Kew</a>, Victoria, is a five bedroom mansion for sale through Sam Wilkinson and Scott Patterson of <span>Kay &amp; Burton Hawthorn.</span></p>
<p><span><img src="/images/2015/08/28/25-Barry-Street-Kew-VIC-3101-Real-Estate-photo-1-large-9341870.jpg" alt="" width="501" height="334"></span></p>
<p><span> </span></p>
<p>The fourth most clicked property for the last week is <a href="https://www.realestateview.com.au/Real-Estate/42-buller-drive-glen-waverley/Property-Details-buy-residential-9215338" target="_blank">3/16 Cromdale Street Mount Martha, Victoria</a>, listed for sale between $590,000 and $650,000. It is for sale through <span class="highlight" style="line-height: 1.3em;">Sam Danckert</span><span style="line-height: 1.3em;"> of Abode Mt Martha.</span></p>
<h3><img src="/images/2015/08/28/cromwell.jpg" alt=""></h3>
<p><span style="line-height: 1.3em;">The fifth most clicked property on realestateview.com.au this week is a single level Victorian home with three bedrooms at </span><a href="https://www.realestateview.com.au/Real-Estate/49-20-ellerby-street-glendalough/Property-Details-buy-residential-9260418" target="_blank" style="line-height: 1.3em;">137 Male Street, Brighton</a><span style="line-height: 1.3em;">, Victoria.</span></p>
<p>The property sold at auction last week through Barb Gregory and Jason Collie of<strong style="line-height: 1.3em;"> </strong><span style="line-height: 1.3em;">Marshall White Brighton.</span></p>
<p><span style="line-height: 1.3em;"><img src="/images/2015/08/28/137-Male-Street-Brighton-VIC-3186-Real-Estate-photo-1-large-9260418.jpg" alt="" width="720" height="480"></span></p>
<h2><span> </span></h2>
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