DESPITE lower stock levels this weekend, the clearance rate dropped to its lowest point since early February, with the market seeing both buyer demand and prices soften. From the 480 reported auctions on the weekend, the clearance was 57 per cent. A week before Easter, there were almost 900 auctions and 62 per cent of […]
The recent call for a first homebuyer strike from the tax reform group called Prosper Australia has received a fair amount of publicity. It’s one of those irresistible headline-grabbing stories the media loves – a little like Dick Smith’s two children per family policy. The proposal calls for first homebuyers to go on strike and […]
MORDIALLOC-Chelsea real estate professionals have rejected claims the Melbourne property market is beginning to burst. Latest REIV figures show the median house price in Melbourne dropped 6 per cent in the March quarter. But JPP Buyers Advocate director and Patterson Lakes resident Ian James said the figures were misleading. – Click here for the rest […]
More people are turning to units to realise their dream of home ownership writes Caroline James Latest statistics prove the appeal of apartments has spread far beyond Melbourne’s inner city and trendy young buyers. Real Estate Institute of Victoria data shows apartment values have held up well despite downward pressure on the market – Click […]
It’s very hard to go a week without numerous reports hitting the headlines suggesting we’re heading for a market crash. Despite plain facts being stressed concerning our population surge, and shortage of ‘useable’ housing, a minority always seem to find a public platform to beat the drum of impending disaster. It seems pointless to reiterate […]
Buyers often want a solitary answer to the ‘golden egg’ of investment. Some experts recommend apartments, while others swear by land. However there’s no ‘one size fits all’ scenario in the world of real estate. Plans must be formulated for each individual based on long-term objectives. If you’re thinking of investment you probably fit into […]
REAL estate experts are tipping a rise in behind-closed-door home sales as Melbourne’s auction fever fizzles. Tough negotiators will be the biggest winners as the exploding house prices of last year cool, analysts say. Victoria’s clearance rate for 889 reported weekend auction results was 62 per cent, compared with 83 per cent at the same […]
GENERATION Y’s frustration at being priced out of the housing market is spilling over into a viral internet campaign that calls for a ”buyers’ strike”. A group called Prosper Australia has attracted thousands of pledges of support for its campaign, which asks people to sign a statement saying: ”I undertake not to bid at auction […]
It’s long been thought that buying the worst house in the best street is a wise plan for investment. After all it’s location that’s the most important aspect of any real estate acquisition right? Well not necessarily so – many ‘would be’ property developers enter into an acquisition only to find themselves with a plethora […]
When I arrived in Australia I had little experience of the real estate market and looked at it through foreign eyes. Buying a compact townhouse on the nepean highway was an error I won’t easily forget. It’s harder to avoid the rush of passing traffic in England, so purchasing property located on busy roads isn’t […]
