INFRASTRUCTURE. It is not a sexy word. But it will turn property pundits’ heads like nothing else in 2009, experts claim. Close proximity to major shopping centres, good schools, transport and places to work and play will create a safety-net for real estate values next year, they say. Median home values in inner and middle-ring […]
WHEN we read in the paper that a property has sold at auction, most of us probably assume it went off “under the hammer”. But experts say most properties listed as “sold at auction” are passed in and sold later after negotiation. And with the clearance rate hovering at about 60 per cent, more properties […]
IF THE Reserve Bank’s Cup Day interest rate cut had any effect on Melbourne’s erratic auction market, it appeared to be at the lower end, with only properties below the $500,000 mark having a clearance rate above 50%. The clearance rate overall was 54%, but first-home buyers, and possibly investors, seem to be the only […]
Auction day has arrived. You have spent the past six months trawling through the suburbs, inspecting properties, checking prices and quizzing estate agents. Dozens of people wander through the property you want to buy with glossy brochures in their hands making hushed comments when the auctioneer calls for their attention. Your heart is pumping. You […]
How do you stop yourself from paying over the odds when you are trying to buy your dream home at auction, asks Money reader Miranda. “I recently came into an inheritance and want to use the money as a deposit to set myself up in a home I love, but everything I like goes to […]
FIVE years ago, Kelvin Bermingham was planning for retirement and realised he needed a wealth creation strategy. Today he owns 15 properties in a portfolio valued at $3.7 million and is set to go on a world holiday with the profits. Like many in his position, Mr Bermingham, 54, faced a dilemma. Is it best […]
