Instant Floorplans From Your Phone!

A fantastic app for creating and exporting floor plans from your iPhone or iPad. Sensopia deliver an augmented reality product which uses the camera to measure rooms and generate accurate floor plans in just a few minutes. You can see the app in use here, or visit Sensopia’s site.

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Honey, pack your bags…

Situated on a jaw-dropping 200 acres of property, this mansion in the mountains of Aspen Snowmass offers unbelievable views of the incredible mountains of Colorado. The property is listed with Sotheby’s at $29.5 million and grants owners total privacy whilst remaining a mere six minutes to the gondolas of Snowmass village. The 1,193 sqm property features 7 bedrooms, 6 full baths, 4 partial baths, an indoor pool and staff quarters. More…

Vacant Land, fashion victim?

After yesterday’s post reflecting on the state of land sales, this from AFR focussed on HIA-RP Data report. HIA chief economist Harley Dale comments “The volume of residential land sales has been below the previous trough set during the GFC for five consecutive quarters now,”. So, market inefficiency or drop in demand? More…

Land – Undersupply or Oversupply?

Interesting article from Adam Carr reflecting on the most recent housing data and what impact RBA action (or inaction, depending on your viewpoint) has had on housing activity. Comments got heated on the whole oversupply / undersupply discussion, but I thought these little gems worth sharing, “There is no shortage of residential land! Look at the state government body statistics on residential lot approvals!” – HQ. And from Bruce Meaney, “The housing industry needs more new homes, but it’s not interest rates holding back the starts, it’s the over valued price of blocks of land.”

A quick scan of realestate.com.au shows 20 new land releases advertised in Queensland, 20 in NSW and 30 in Victoria. So is that enough land released to satisfy demand? Or are developers happy to drip-feed the market to retain their best return?

Meanwhile, in New Zealand…

The NZ residential market seems to be gaining some real traction (admittedly off a low base) with March recording the best monthly result since November 2007. In figures released by the REI NZ sales rose 25.3 percent from a year earlier. In Auckland sales rose 17 percent from March last year. The only problem with New Zealand? I’ll leave that for you to figure out. More…