Most who advocate investment in residential real estate do so because they understand the strong fundamentals that drive our market – much of which I pointed out yesterday. However there’s still this miss-guided perception that real estate can eventuate in quick returns on investment. It’s a myth that’s perpetuated by shows such as Channel 9’s […]
On the face of it, this weekend’s results were not much different to last weeks. However it’s important to understand that no one is going to sound the horn when we hit the bottom of the market. Life doesn’t work that way. By the time people realise the market has bottomed out, it’s because it’s […]
We all know that property runs in cycles and that there is usually a long drawn out upward movement, followed by a flattening of the market, then a slight downward correction before another flattening out. Then the cycle begins again. This can take anything up to 7 years to complete. We have seen this cycle […]
This weekend’s clearance rate was 54%. It is well down on last year’s 68% according to REIV statistics. With only 690 auctions over the weekend, compared to well over 1000 this time last year, the turnover of properties is substantially down. A clearance rate in the 50’s is a trend we’re starting to get used […]
The wheel never stops turning in the world of real estate, and it’s no different when it comes to a long weekend. Less properties are auctioned on a long weekend, but this isn’t because vendor’s are worried buyers will be putting a weekend away ahead of bidding on the house they’ve been dreaming of during […]
The gloom and doom from the media would make you think that property prices going up is a bad thing. Nothing could be further from the truth. The majority of wealthy people around the world have a large proportion of their wealth held as property. The average person will generate more wealth out of their […]
It’s time to address the buyers who haven’t been deterred from the market with reports in the dailies banging the drum of impending doom After all, as the saying goes – you’ve got to be in it, to win it -and we’re in the stage of the market cycle where there’s a window of opportunity […]
When purchasing a property the vendor must give a certain statutory amount of information to the prospective purchaser. This is contained in a document called the Vendors Statement. It is sometimes called a section 32 as it is described in Section 32 of the Sale of Land Act. We will not go through exactly what […]
Are we starting to see more distressed vendors than may have been reported? Australia wide, the delinquency rate has climbed from around 1.4 per cent to 1.79 per cent. It may be low in comparison to Europe and America, however it’s a figure the reserve bank should be paying close heed to because it seems […]
With clearance rates in the low 50’s, stock levels climbing and every media outlet screaming their banner headlines “It’s a Buyers’ Market”, it must mean that every buyer will be able to walk in and buy whatever property they want and get a bargain. This is simply not true! The only way this would be […]
