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. […]
Whilst we didn’t quite get there according to the REIV Clearance rates, 79% is a very close thing. The last 80% clearance rate announced after the weekend results was in April 2010. With clearance rates on the rise, stock levels lower than last year and a very good chance of further interest rate cuts in […]
The first big week of auctions has come and gone and with it sounds that the Reserve Bank wanted to hear SOLD!!! SOLD!!! SOLD!!! It was not just the REIV clearance rate that was at 76% on Saturday, but both RP Data and APM were also at around that level. It was also the numbers […]
It has been all too long since my last article. It is very easy to be caught up in work and forget about the things that matter most to some people. Business has been brisk and with the addition of two granddaughters last year, my limited time meant something had to give. And my weekly […]
After 8 months of electioneering, we are finally going to get a chance to move on without politicians being front and centre of the media. With the current trends in the Melbourne auction scene, the only thing the announcement will do is slow down a few vendors. Currently the clearance rate sits well over 70% […]
Investors chase profit in three ways: Capital growth, Rental yield and Tax deductions. There was an old adage I once heard many, many years ago: Never buy an asset where the sole purpose is to lose money and get tax deductions! In other words, long-term capital growth should always be your focus when buying property […]
The second super Saturday has achieved a 69% clearance rate according to the REIV. Although there were a lot more auctions with no result (71). This is well within the range that shows the Melbourne Property Market is humming along quite nicely. It was not a high 70’s that would have caused an instant run […]
Super Saturday rolls through and the REIV clearance rate is 61%. Out of a reported 929 auctions, 566 sold at or before auction and a further 597 homes were reported to have been sold privately last week for a total of 1163 sales for the week. This time last year total sales reached 1190. The […]
With 2012 off and running it was good to see so many groups through the opens on Saturday. It didn’t seem to matter what price range, there were people queuing to go through multi-million dollar homes in the leafy as well as $500k apartments just outside the CBD. With this happening I was surprised to […]
Bill Evans, chief economist for Westpac, predicted around the middle of the year that the next interest rate move would be down. Media and financial experts alike, scoffed at this notion as a publicity stunt, or a foolish attempt at putting pressure on the Reserve Bank to do just that. But he was RIGHT. “The […]
