In the current housing market everyone has an opinion, including me of course! We have all seen the news headlines either in print or online: “House prices set to plummet by 20-25 per cent in 2023” – News.com.au 10/2/23. We have seen the media talk up the “R” word. Why the Reserve Bank is pushing […]
We are now well settled with the government elections behind us. We are well aware of the economy on a knife’s edge with RBA and Government both trying to put money back into the pockets of the general public, with the hope they will spend it. And it is obviously beginning to have an effect. […]
It is the media that screams out that property prices are falling. It is the media who tells us that the interest rates are going to remain on hold; it is the media that tells us who is going to win the next election and also who deserves to win. And most of the time […]
The State Government have decided that first home owners need more help to get into the market place. By reducing stamp duty payable on their purchasers from 50% to nil on purchasers at or below $600,000 and a reduced stamp duty on properties up to $750,000, the new savings on a $600,000 home for first […]
A few times a month we are asked how much will this cost to renovate or the much loved, I have been watching “The Block” or the latest craze “Masters of Flip”. How can I flip properties and what should we buy? Let’s put “flipping” to the side as in the current market the purchase […]
Getting information from newspapers about how the property market is going is like asking a spin doctor to “just tell the truth”! But you can get information from papers and other sources; it is the opinion or the conclusions that are not necessarily accurate. Anybody thinking about property investment at the moment has probably seen […]
As we move into the last 4 weekends before Christmas, the Melbourne property market clearance rate has taken it usual nose dive. I wrote about Pass Ins last week because you will see nearly twice as many Pass Ins over the next 4 weeks than any other time of the year. The clearance rate does […]
With the end of the year getting closer and still thousands of auctions yet to run, anyone trying to secure a property in Melbourne needs to understand the auction Pass In process. More and more properties get passed in at auction late in the year. A “Pass In” means that the bidding that has been […]
If you had listened to the property spruikers through 2003 – 2010 and bought Docklands, Southbank and high rise in some sections of the CBD, you may well have generated a reasonable rental yield. You should have had around 4% or better most years. But your property will have most likely not gone up in […]
Agents who quote very low do so in order to disrupt a competitor’s auction or private sale. They do it to bring potential buyers to their property instead of them going to another. If 2 similar properties were going to auction, with similar attributes, land size etc and if they are worth about $600k, with […]
