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 have now reached a consensus from Real Estate Agents, Economists and even the media. Property prices will not keep falling, but actually begin to make significant gains over the next 6 – 12 months. The papers are now full of articles talking about the rise in property price over the next few years. This […]
We can look back on Saturday’s election results and certainly talk about the polls and media commentators missing the outcome. But what will it mean to the property market? I certainly had spent much time thinking about the impacts of negative gearing being wound back and also the possibility of large capital gains tax changes. […]
If you are waiting for the bell to ring to show the change in the property market, consider it rung. The change in the current property market began its change in February with some consistent mid fifty percentile results and then through March and in the build up to Easter we saw the clearance rates […]
We look to the media to tell us what’s happening in the property market. We read about movement in the median house prices and that these are the leading indicators of where the Melbourne property market is heading. And the papers and websites were full of information telling us that Saturday was the first big […]
With the weather cooling and autumn rapidly leaving us for winter the real estate market in Melbourne would normally look at hibernating. But it is not. Nearly 1200 auctions on the weekend depending on which data company’s website you read, with the REIV putting the clearance rate at an amazing 77%. Domain’s result put the […]
It is now becoming frequent that we see auctions with ridiculously low reserves that are set in advance or even as one auction just announced – $1 reserve. What will this mean for the future of Real Estate? If a reserve is set so low as to be meaningless or indeed a “no reserve” auction […]
How will selling agents handle the inevitable crack down on under quoting properties they have for sale? The Melbourne property market is beginning to split into different segments. For the past two years there has been solid growth across the board in almost all areas of the market with the exception of inner city apartments. […]
Anyone who ventured outside yesterday for a nice autumn picnic would realise winter is already here. BUT NOBODY HAS TOLD THE PROPERTY MARKET. Saturday saw over 1000 auctions with a clearance rate, according to the REIV, of 79%. Whilst there will not be any significant auctions next week due to ANZAC day, I would assume […]
I listened to some of the rhetoric from the judges last night on The Block and kept hearing the phrase, “styling sells houses.” It was said whilst talking about the lack of personal touches from a couple of the contestants regarding their kitchens. One of them was perturbed that the basil was slightly limp in […]
