It is time to get up and do something! It is time to think about buying that new car, go on an Australian holiday or buy a new house or investment property. Do something for yourself and you will be starting to do something for your country. If you are a small business owner, get […]
Regardless of the outcomes in Canberra today our economy will keep turning over. It will grow and contract like a living breathing giant. Most people forget that the mining industry is only 20% of our economy. And whilst this has faltered due to commodity prices and the other economies around the world slowing, 80% of […]
The Real Estate Institute of Victoria’s latest research bulletin has been released giving us December’s statistical data. In December house prices jumped 5.3% to $669,000 and for a year on year change of a whopping 11.7%. Even unit prices that have been hit by an oversupply of stock grew by 1.6%, (511,500) with a year […]
This year investors will face growing competition to buy quality investment grade properties. There is no doubt prices in the $350k – $800k will have the strongest growth of any market segment. With interest rates low, share market erratic and many people finding it difficult to rent houses, this year will see very strong growth […]
With only one smaller weekend to go for auctions for 2014 we look back on what must be said to be a very productive year for property investors. Those buying their own homes and those buying to become landlords. With clearance rates averaging around low 70% we know when all the stats come in we […]
Last weekend the clearance rate hit 65% according to one of the industry data analysts, the REIV. Of the 1405 auctions that the REIV had known about, the results of 1181 had been analysed over the weekend. This is a significant drop from the average figure for the year to date of 71% is, however, […]
The Napthine government has decided to tackle underquoting head on. They are making the removal of underquoting an election promise. Prospective home buyers will finally be free of real estate agent underquoting with the practice to be eliminated under a re-elected Napthine Government. A re-elected Napthine Government will end real estate underquoting Real estate agents […]
Having seen record numbers of auctions this year with strong clearance rates throughout, we are beginning to see a slowdown. Is this the signs of the bubble bursting – OF COURSE NOT, although some professors from out of state may think their 10 year predications are finally about to come to fruition. We saw Channel […]
With the purported failure of 3 of the 5 auctions for the Block – Glasshouse, I wonder how Channel 9 will set reserves for the next block. 27 Darling Street in South Yarra is the location for the next instalment of The Block and production is well and truly underway. Looking at the planning permit […]
Every weekend prospective buyers are walking away from auctions shaking their heads, and sometimes their fists at Real Estate Agents. The same story is heard over and over again. The agent said the “buyer interest” was around $450,000 or “we are telling people who have interest around $500,000 that they should look at this property”. […]
