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 […]
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 […]
Growing numbers of buyers are taking a different path to attaining their first home — through investment properties. ENTERING the property market has never been more daunting for firsthome buyers. Record property prices and fears over future interest rate rises has seen first-home buyers retreat from the market over the past 18 months, with the […]
WITH much of Queensland and Victoria still awash, and the country locked into clean-up mode, the impact of the disasters on Australian homeowners is not yet clear. While it is too early to gain an accurate picture of how the floods will affect Australian property markets, it is clear that homeowners throughout the country will […]
It’s long been property’s golden rule — buy the worst house in the best street. But does that strategy still offer homebuyers value for money? ‘‘But you still need to know the market and pay an appropriate price. The worst properties in the best streets are always in high demand, but people can tend to […]
BUYERS GET BUSY AFTER RAIN DELAYS THE market showed mixed signs yesterday as a booosted clearance rate reflected strong buyer demand. Buyers dampened by last week’s record rains returned in flocks to auctions, but many properties sold after being passed in. Alistair Craig, of Jellis Craig Real Estate, said a greater volume of auctions had […]
DOWNPOUR FAILS TO DAMPEN SALES DESPITE waking up to a soggy Saturday, vendors pushed ahead yesterday placing homes under the hammer as floodwater receded across the state. More than 180 auctions took place yesterday as Melburnians mopped up their properties in the wake of vicious storms and flooding. The clearance rate was 63 per cent, […]
BUSY START TO 2011 AS OWNERS RUSH IN A LULL in Victoria’s property market at the end of last year has failed to stop home owners listing their properties for sale in early 2011. The Real Estate Institute of Victoria yesterday reported the same number of auctions had been penciled in for February as last […]
POLL FAILS TO DETER BIDDERS ELECTION day brought slightly improved auction results yesterday, but 38 per cent of properties still failed to find a buyer. Real Estate Institute of Victoria spokesman Robert Larocca said Victorians had proven for the fourth time this year that big events don’t stop them from bidding at auctions. ‘‘For the […]
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 […]
