With a clearance rate above 60% and a total number of sales for the past week over 1000 according to the REIV, most media outlets will be talking about the turning of the market. However one week’s results don’t set a trend. Last week with the clearance rate under 60%, some Estate Agents wanted to […]
As we are reaching the close of 2011 the market is giving one last lurch towards the final curtain. With only one auction weekend to go for the year, it is fairly safe to say total turnover of residential property will be lower than last year and probably lower than 2008 when we had GFC […]
Clearance rates near 50% and Christmas only 5 weeks away means only one thing for seasoned real estate agents. One on one negotiation will be the order of the day. Anyone purchasing a property between now and Christmas needs to be aware of this. On Saturday we attended an auction in the Northern Suburbs. It […]
After the recent court case involving an agent that lied to a prospective purchaser about having another offer when they did not, all the media is screaming for safeguards. The safeguards are already in place. They are enshrined in law. In the same way anyone arrested has their rights explained to them, anyone who goes […]
If you go to any court, arbitration, mediation, VCAT hearing or any other legal mediation, if one party to the issue has legal counsel then the other party will be warned by the mediator or judge that it is in their own best interest to get legal representation and that the proceedings will usually be […]
Many people have written that “Melbourne is the auction capital of the World”. Very few other places auction as many properties as we do here. It is a selling method that has developed over many generations of Real Estate professionals. Auctions can be transparent and a very fair way to purchase property. You can see […]
I read an article on Saturday in The Age talking about property advice. The reporter had spoken with the Financial Ombudsman, Alison Maynard. She spoke about commissions and fee for service and all manner of things but mainly related to shares and securities. She also spoke about conflicted advice in the financial sector and how […]
The market is changing again. The upper end over $2M is remaining skittish. Good properties will sell but the competition is much less than it has been for the past twelve months. It is truly at negotiators market at this level. This is not a market for the feint hearted. However, it is not a […]
It’s very hard to go a week without numerous reports hitting the headlines suggesting a possible market crash. Despite facts being stressed concerning our population surge and shortage of ‘useable’ housing, a minority find a public voice to beat the drum of impending disaster. No market or investment is risk free, which is why it’s […]
