The great price quote debate will continue to be a ‘hot topic’ in the media. However property buyers need to understand they are never going to win the price quote ‘war’. It’s almost an impossible task to regulate the real estate industry to quote fairly for both vendor and purchaser. The closest option is to […]
“IN AUSTRALIA we work and play hard, but we think soft.” So says futurist and economist BrianHaratsis as he lays out the challenges facing Australia. Housing shortages, social disintegration, severely congested cities, pollution, a moribund planning system, regional decay and a burgeoning older population struggling to survive. Sound familiar? Some of these things are happening […]
HOUSES IN MELBOURNE ARE NOW LESS AFFORDABLE THAN SYDNEY. In the traditional rivalry between Melbourne and Sydney, the harbour city has long held the dubious distinction of being the most unaffordable place to find a home. But not any more. New research from analysts Residex shows that Melburnians now spend more of their income to […]
THE heat may have come out of the top end of the property market, but demand for bluechip rental properties is sizzling. There seems to be no shortage of Victorians willing to pay more than $15,000 a week for the privilege of spending time in someone else’s holiday house. Less than 40 years ago that […]
Unless help is granted to our younger generations, the property market will split down the middle and turn the wheel on the long-term trend of home ownership. Despite lacklustre moves in recent median figures, RP Data recorded a bountiful 17.2 per cent rise in Australia’s residential median since the final quarter of 2008 and the […]
IT WAS ALL SYSTEMS GO FOR THE CITY’S SUPER (DUPER) SATURDAY BUT THE TRUE CLEARANCE RATE IS YET TOBE REVEALED. As far as tests of the market go, they don’t come much bigger than yesterday. More than 1080 auctions were scheduled around the city, the highest number on a single day since March 2008. And […]
RAIN, hail, strong winds and even snow – the cold spring weather seems to be reflecting a generally cooler market. From the 637 auctions reported on the weekend, the clearance rate was 68 per cent. Twelve months ago, there were 626 auctions with a clearance of 80 per cent. The most recent Real Estate Institute […]
Another week passes by with yet more arguments on the wisdom of property investment, one of them being about whether or not this country really is facing a housing shortage. New reports of an extreme national house shortage recently hit the media, this time from Goldman Sachs which foresees a 250,000 housing shortfall by 2013. […]
RAIN, hail, strong winds and even snow – the cold spring weather seems to be reflecting a generally cooler market. From the 637 auctions reported on the weekend, the clearance rate was 68 per cent. Twelve months ago, there were 626 auctions with a clearance of 80 per cent. The most recent Real Estate Institute […]
Buyer Advocates, said that, while being the highest bidder was important, it was equally important not to give the impression you’re “Mr Moneybags”. “If you are the highest bidder and the agent tries to push you higher with a second vendor bid over your last bid, you should not be tempted to offer more,” Ms […]
