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Allhomes Real Estate 4+

Canberra's property site, all homes pty ltd.

• 4.7 • 107 Ratings

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Description.

Step inside Canberra’s favourite property destination and the key to your next home. Made exclusively for the people of ACT and Southern NSW, we focus in on a niche part of Australia so you can keep your property search short and sweet. With extensive property listings, easy search, heaps of filters and past sales data, everything you need to confidently find your next home is right here waiting. The easiest property search you’ll ever do - Search residential and commercial properties to buy, rent or share by looking at a good old fashioned map, or by drawing a search area with your finger. The choice is always yours - See new daily listings, complete with inspection times - Find exactly what you’re looking for with our range of filters including rooms and property types - Keep an eye on your favorite properties by adding them to your watchlist - Save your favourite searches so you don’t have to re-enter your filters again - Keep track of your property journey by reviewing which properties you’ve viewed or enquired on - View Canberra’s latest weekly auction results - Contact real estate agents via email or one click call - Looking to sell? Access past sales and research information Don’t just find your next property; get to know it - Explore full property details including block maps, unimproved values, features and more - Step inside your future property by interacting with full screen zoomable images - Get a feel for the history of your new home with past sales information - Add property inspection details to your calendar in just a few taps - Get driving directions to properties you want to see in person - Property hunting with someone, or just want their opinion? Share properties via text, email, Facebook or Twitter - Apply entirely for rental properties - Book a rental inspection with one click - See when rental or share properties become available

Version 8.22.2

This minor updates focusses on bug fixes, performance improvements and the security of your personal information.

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107 Ratings

App Privacy

The developer, All Homes Pty Ltd , indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

• Contact Info
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• Identifiers

Data Linked to You

The following data may be collected and linked to your identity:

• User Content

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

• Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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realestate.com.au - Property

Homes.com.au

REX Launches AllHomes, Reduces the Price of Every Home in the US by Thousands to Tens of Thousands of Dollars

Tech startup is disrupting the traditional real estate transaction at a time when consumers are calling for greater savings and transparency in the process

News provided by

Nov 12, 2020, 11:07 ET

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AUSTIN, Texas , Nov. 12, 2020 /PRNewswire/ -- REX, the company leading the digital real estate economy, announced the release of AllHomes , a new platform which lets users buy, sell, and manage their homes directly through REX's online suite of services. AllHomes immediately reduces the price of every home for sale in the U.S. by thousands of dollars and provides greater transparency to help home shoppers benefit from technology. A home shopper can search for any home in any way they want, and then come to the REX website to purchase it for less.

• Experience AllHomes live in Los Angeles on the REX website and download our app ( iOS and Android ) to experience it in other markets.
• Watch the AllHomes demo video with REX Chief Technology Officer Andy Barkett .

"AllHomes is a major step forward for REX, but most importantly for the American consumer," said Jack Ryan , REX's Co-founder & CEO. "Reducing the price of all homes by thousands of dollars helps more Americans realize the dream of homeownership and will boost the national real estate market. You can shop for a home any way you want, and then come to REX to buy it for less.

"It also increases job mobility, helps families move their children closer to better schools, and creates wealth through home investment. I am proud to see REX growing in leaps and bounds by building a consumer-first model."

Users Save Thousands of Dollars With REX

• Users save an average of $12,600 per transaction at REX — approximately $6,000 to $9,000 on the buy-side of the transaction after launching AllHomes.
• In fact, public data tracking national real estate sales show Americans could tap into $56 to $61 billion in savings each year if consumers utilized AllHomes and REX's suite of services.
• REX is already saving American consumers millions — approximately $26 million to date. New tech tools are creating value for REX consumers as the company continues to launch products and services such as AllHomes.

"Today's announcement kicks off a phased approach that will expand organic search on our platform and mobile devices beyond REX's home listings and incorporate virtually all residential offerings on the market at any given time," said Andy Barkett , REX's Chief Technology Officer. "Our developers are building an AI-driven ecosystem that matches consumers to homes that fit their specific needs while providing tools that streamline the entire experience. There is simply nothing like this in the industry today."

A Brand New Experience

• Search all homes, make an offer, and complete the transaction directly through AllHomes and with the help of REX's team of expert advisors, while staying at home if you would like.
• AllHomes' price comparison tool transparently helps users understand the line-item costs that go into buying a home and how they will achieve greater cost savings with REX than anywhere else.
• Complete all the tasks associated with the transaction in a full-service ecosystem unlike anything else in the industry , including shopping, virtual tours, making an offer directly from our mobile app, title, escrow, mortgage, repair estimation, remodel projects, and moving services. AllHomes is part of a suite of services at REX which improves savings, convenience, speed, safety, and security for our users - and allows the user to complete the entire transaction from the safety and comfort of their own home.
• Manage your home after move-in through REX, including landscaping, ongoing maintenance, and remodeling projects.

AllHomes is currently available in seven major real estate markets, with nationwide expansion planned for the future.

REX Model Puts Real Estate Consumers Back In Control

• Today's home shopping experience is painful and outdated. The search-to-purchase process is unnecessarily complicated and time-consuming. Most consumers independently start their search online. After putting in all the hard work to find the home they like, nearly all websites refer them off-platform to a third party traditional agent (sometimes, multiple agents) to complete the transaction. The traditional homebuying process can take months to complete and often introduces the buyer to numerous vendors along the way, many of whom are not transparent about their costs This exhausting journey ends with homebuyers families ceding valuable time and hard-earned money — just to get in the front door of the home they'd picked out months earlier, all on their own.
• Consumers are challenging the status quo in multiple lawsuits coast-to-coast and voicing their frustration with costs and lack of transparency. It's time for change, and REX is leading the way using the latest technology.
• COVID-19 has proven consumers need better tools to make real estate and home shopping easier. REX is experiencing rapid growth during the global pandemic by offering the greatest savings in the real estate industry and meeting consumers' specific needs with tools and services that make the real estate transaction fast, simple, and transparent.

About REX (rexhomes.com)

REX is upending how Americans interact with real estate — from buying and selling processes to managing all aspects of your home, including maintenance, landscaping, mortgage, escrow, title, insurance, and moving. REX is dramatically lowering costs and improving processes in real estate to help consumers unlock the wealth in their homes. We're headquartered in Austin, TX and run by engineers, data scientists, and market experts with prior experience at Google, Facebook, Amazon, and Apple.

REX works as a partner in the global fight against housing insecurity, and was built on the foundation of creating opportunities for others and giving back. For every 50 homes sold at REX, the company builds a home for a family that would otherwise be unable to realize the dream of homeownership.

What Others Are Saying About AllHomes and REX:

Scott McNealy , Founder of Sun Microsystems & REX Board Member:

• "This is a big moment for REX in presenting a vision for what real estate could, and should , look like if you put consumers first. AllHomes offers buyers incredible savings, but I am most interested in how it calls out what is broken in our current real estate industry - a lack of transparency and vastly outdated tools. As an investor and advisor to the company, I suspect consumers will be pleased with the way REX is shaking up the traditional real estate model."

Ed Forst , Chairman at Lion Capital LLP & REX Board Member:

• "Surfing for homes online has become an ordinary task as Americans are largely fluent with mobile apps and online real estate platforms. REX has paid close attention to what consumers are looking for and has built an ecosystem powered by AI, data, market expertise and convenience. With AllHomes, REX instantly expanded its reach to the entire United States home market. Not only can you select any home and save, but users have the ability to make an offer directly from REX's platform, finance the home, insure their investment, and complete repairs. REX will even help customers move into the home. This comprehensive approach is truly unique in the real estate space today."

Media Contact: [email protected]

Related Links

http://rexhomes.com

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Canberra’s property prices quadrupled since 2000

Housing prices have quadrupled in just two decades, unit prices have tripled, and values could reach an average of over $3.8 million and $1.3 million respectively – These are some of the key insights from Allhomes’ research on Canberra’ property market over the past 20 years.

The report also noted that, since 2000, houses sold at auction have risen from roughly 2 per cent to 25 per cent.

Units on the other hand have remained unpopular at auction, only making up 4 per cent of total sales.

The capital gain for houses over the past two decades equates to a compound annual growth rate of 7.35 per cent.

“Twenty years ago, house prices at the time had hit a record $205,513, fast-forward to another new high mid-2020 at $819,090,” Domain Senior Research Analyst, Dr Nicola Powell explained.

“There have been many possible disrupters to the Canberra property market over the past 20 years, from the dot.com downturn to the Global Financial Crisis, from the devastation of the 2003 bushfires to the Mr Fluffy loose-filled asbestos scheme, from APRA’s recent credit squeeze to the current pandemic,” she continued.

“Despite this, over the past two decades Canberra has been one of the top-performing capital cities. The housing market has seen some significant gains over the past 20 years, with house values moving through four distinct growth cycles.

“House prices have soared 299 per cent from the end of the past century to mid-2020, producing the second strongest growth behind Melbourne’s 322 per cent.

“This has provided home owners with a significant wealth boost, although three-fifths of this growth occurred during the first 10 years of this century. 

“Throughout this time there have been very few periods when house prices have fallen annually. Canberra avoids the big price swings that Sydney experiences, proving slow and steady wins the race for those in the market for the long haul.”

Unit prices have increased 190 per cent, but Dr Powell notes that only one-tenth of this growth occurred in the past 10 years.

“Housing prices have risen at a faster pace than household incomes. The average Canberran’s full-time weekly wage has risen 200 per cent over the past 20 years.

“Canberra’s house price-to-income ratio is now tracking at 8.5, compared to 4.2 at the end of 2000. The unit price-to-income ratio, however, is far more favourable in comparison, now at 4.7 compared to 3.2.” 

Below are some of the key insights from the Allhomes report.

• Canberra has been one of the top-performing capital cities in Australia.
• House prices have increased almost 4x (299 per cent) since 2000
• In 2000 house prices reached just over $205,00 (at $205,513). Fast forward to mid this year, and the median house price has quadrupled to $819,090.
• Unit values have also increased almost 3x (190 per cent) over the past two decades.
• Canberra’s median price could more than quadruple in the next 20 years
• If the same rate of growth is applied to the next 20 years it could reveal some pretty big multimillion-dollar medians. 
• The median Canberra house price could reach over $ 3.8 million and $1.3 million for houses and units respectively
• These predictions are simple extrapolated medians that don’t take into account the variety of factors that can affect price growth, such as demographic, economic or political changes, or even global pandemics.

Nathan Jolly

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Housing Data

Note: We make frequent changes to the download paths for CSVs and ask that users who have standard code to ingest our data consider switching to the  Econ Data API to avoid that code being affected by these changes. Data is updated on the 12th of each month.

HOME VALUES

Zillow Home Value Index (ZHVI): A measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range. Available as a smoothed, seasonally adjusted measure and as a raw measure.

Zillow publishes top-tier ZHVI ($, typical value for homes within the 65th to 95th percentile range for a given region) and bottom-tier ZHVI ($, typical value for homes within the 5th to 35th percentile range for a given region).

Zillow also publishes ZHVI for all single-family residences ($, typical value for all single-family homes in a given region), for condo/coops ($), for all homes with 1, 2, 3, 4 and 5+ bedrooms ($), and the ZHVI per square foot ($, typical value of all homes per square foot calculated by taking the estimated home value for each home in a given region and dividing it by the home’s square footage).

Note: Starting with the January 2023 data release, and for all subsequent releases, the full ZHVI time series has been upgraded to harness the power of the neural Zestimate .

More information about what ZHVI is and how it’s calculated is available on this overview page . Here’s a handy ZHVI User Guide for information about properly citing and making calculations with this metric.

HOME VALUES FORECASTS

Zillow Home Value Forecast (ZHVF): A month-ahead, quarter-ahead and year-ahead forecast of the Zillow Home Value Index (ZHVI). ZHVF is created using the all homes, mid-tier cut of ZHVI and is available both raw and smoothed, seasonally adjusted.

Note: Starting with the January 2023 forecast (made available in February 2023), Zillow’s Home Value Forecast is based on the upgraded ZHVI that harnesses the power of the neural Zestimate . More information about what ZHVI is and how it’s calculated is available on this overview page .

Zillow Observed Rent Index (ZORI) : A smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just those homes currently listed for-rent. The index is dollar-denominated by computing the mean of listed rents that fall into the 35th to 65th percentile range for all homes and apartments in a given region, which is weighted to reflect the rental housing stock.

ZORI is created for three different categories: All homes, Single Family Residences, and Multi-Family Residences. For more detailed information, you can refer to the ZORI methodology.

Zillow Observed Renter Demand Index (ZORDI) : A measure of the typical observed rental market engagement across a region. ZORDI tracks engagement on Zillow’s rental listings to proxy changes in rental demand. The metric is smoothed to remove volatility.  

ZORDI is created for different categories including All homes, Single Family Residences, Condo and Multi-Family Residences at national and MSA levels.

FOR-SALE LISTINGS

• For-Sale Inventory : The count of unique listings that were active at any time in a given month.
• New Listings:  I ndicates how many new listings have come on the market in a given month.
• Newly Pending Listings : The count of listings that changed from for-sale to pending status on  Zillow.com  in a given time period.
• Median List Price: The median price at which homes across various geographies were listed.
• Note: “Weekly” means you can see the metric’s value on a weekly cadence. The CSVs are updated monthly.
• The Sales Count Nowcast is the estimated number of unique properties that sold during the month after accounting for the latency between when sales occur and when they are reported. Available only for the raw cut of all homes.
• Sale Price (median/mean) : The price at which homes across various geographies were sold.
• Total Transaction Value: The total dollar value of all homes sold in a given period (mean sale price x sales count)
• Sale-to-List Ratio (mean/median) : Ratio of sale vs. final list price.
• Percent of Sales Below/Above List : Share of sales where sale price below/above the final list price; excludes homes sold for exactly the list price.

Note: “Weekly” means the metric’s value shows weekly details; CSVs updated monthly. The  Sales Count Nowcast ,  Sale Price , and  Total Transaction Value are produced at the beginning of the month. Data for this is published on the 12th.  On the 16th of the month we update these numbers with the latest data as of the 15th of the following month. (Example: On July 15th, we will re-estimate the June numbers.  We do this due to sales data latency).

DAYS ON MARKET AND PRICE CUTS

• Days to Pending : How long it takes homes in a region to change to pending status on  Zillow.com after first being shown as for sale. The reported figure indicates the number of days (mean or median) that it took for homes that went pending during the week being reported, to go pending. This differs from the old “Days on Zillow” metric in that it excludes the in-contract period before a home sells.
• Days to Close (mean/median) : Number of days between the listing going pending and the sale date.
• Share of Listings With a Price Cut: The number of unique properties with a list price at the end of the month that’s less than the list price at the beginning of the month, divided by the number of unique properties with an active listing at some point during the month.
• Price Cuts: The mean and median price cut for listings in a given region during a given time period, expressed as both dollars ($) and as a percentage (%) of list price.

MARKET HEAT INDEX

• The market heat index is a time series dataset that aims to capture the balance of for-sale supply and demand in a given market. A higher number means the market is more tilted in favor of sellers. It relies on a combination of engagement and listing performance inputs to provide insights into current market dynamics. It is calculated for single-family and condo homes. For more information, see methodology .

NEW CONSTRUCTION

• New Construction Sales Count: The number of unique new construction homes that sold during the month. Available for the raw cut of single family residence and condo.
• New Construction Median Sale Price: The median sale price at which new construction homes across various geographies were sold during the month.
• New Construction Median Sale Price Per Sqft: The median sale price divided by square footage calculated over all new construction homes across various geographies were sold during the month.

Currently, new construction sales metrics are available at a monthly cadence.

DEFINITIONS OF HOME TYPES

• All Homes: Zillow defines all homes as single-family, condominium and co-operative homes with a county record. Unless specified, all series cover this segment of the housing stock.
• Condo/Co-op: Condominium and co-operative homes.
• Multifamily 5+ units: Units in buildings with 5 or more housing units, that are not condominiums or co-ops.
• Duplex/Triplex/Quadplex: Housing units in buildings with 2,3 or 4 housing units.
• June 2024 S&P Case-Shiller Price Index: Home Price Growth Continues to Stall
• July 2024 Existing Home Sales Exceeds Expectations By Small Margin
• New Home Sales Rebounded More Than Expected In July
• Mortgage Rates Eased Slightly This Week On Employment Data Revisions And Fed Minutes
• Zillow Counts: Mid-month Update in Zillow’s Existing Home SalesNowcast (July 2024)
• Zillow Home Value and Home Sales Forecast (July 2024)
• July 2024 Housing Starts: Housing Starts Fall, Single Family Starts At Lowest Level Since April 2023
• Support Growing for Middle Housing
• Sellers lose their advantage, but lower rates may revive market competition (July 2024 Market Report)
• Mortgage Rates Fell Again This Week On Positive Inflation News

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The Crimes and real estate

Happy Labour day Canberrans. The Canberra Times wrote an "informative article" about property prices today.

While Allhomes have this week accepted that house prices might be coming down - or at least that auction results aren't quite as stellar as that friendly man in the Tarocash suit of a saturday morning would have you believe. https://www.allhomes.com.au/news/canberra-auctions-tough-weekend-for-vendors-1239036

The Crimes appears to be having a bit of trouble articulating the actual lay of the land. And deciding on a headline. While i wrote this in the last 5 mins, it appears to have changed already! Are they using "ask price" data to come to their conclusions? What rose or fell in relation to what and when? No idea. But they don't appear to be using sold price. https://www.canberratimes.com.au/story/8369929/good-news-for-canberra-house-buyers/?cs=14329

So in service to buyers i thought i would share the research i have done while we look for a house to buy. With links! So if you take umbrage to values quoted, please take it up with the link source.

First up, auction results!

52% clearance rate this week again. The majority of those sell prices being completely witheld - i assume because the man in the Tarocash did SO well on price, he doesn't want to show off and make the other REAs feel bad. That 70% value he is chasing in his Mercedes AMG however remains elusive. https://www.allhomes.com.au/auction-results/

And onto the house and unit values by region:

Inner north:

Median house sale price $1,200,000 -8.4% over 12 months

Median unit sale price $591,000 +1% over 12 months

https://www.allhomes.com.au/research/north-canberra-act

Inner South:

Median house sale price $1,805,000 -2.4% over 12 months

Median unit sale price $695,000 +5.3% over 12 months

https://www.allhomes.com.au/research/south-canberra-act

Median house sale price $851,500 -4.3% over 12 months

Median unit sale price $565,500 +2.8% over 12 months

https://www.allhomes.com.au/research/belconnen-act

Woden Valley:

Median house sale price $1,205,500 -7.3% over 12 months

Median unit sale price $595,000 +5.3% over 12 months

https://www.allhomes.com.au/research/woden-valley-act

Weston Creek:

Canberra, ACT Median house sale price $957,500 -8.8% over 12 months

Median unit sale price $738,000 -0.5% over 12 months

https://www.allhomes.com.au/research/weston-creek-act

Median house sale price $925,500 -1.5% over 12 months

Median unit sale price $569,000 +2.5% over 12 months

https://www.allhomes.com.au/research/gungahlin-act

Tuggeranong:

Median house sale price $828,000 -5.4% over 12 months

Median unit sale price $594,000 -0.3% over 12 months

https://www.allhomes.com.au/research/tuggeranong-act

So you see, home buyers. Don't listen to Real Estate Agents and apparently don't listen to some journalists.

And always. Always. Offer below the list price. This isn't buying potatoes from Woolworths. It's like buying second hand potatoes from gumtree - they just don't use "ONO" on allhomes.

I can "ask" for whatever price i want on my potatoes. Doesn't make them worth $3m.

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