25 September 2020
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Property

Prestige property rebound

This time last year, we were heading into a buyers’ market in the prestige sector. The GFC was biting, finance and banking executives were losing not only their bonuses but in many cases their jobs and the share market was declining rapidly. As a result, the prestige property market became oversupplied as high net worth […]

Double-digit price growth in 2009

Congratulations to those property buyers who purchased a house or apartment in late 2008/early 2009 – your asset is now worth about 11 per cent more than when you bought it. Australian homes achieved double-digit price growth last year and I believe there’s some more impressive growth to come in 2010 – as long as […]

You get what you pay for

As the busy autumn selling season approaches, many vendors are now interviewing potential agents to sell their homes in February or early March. One of the issues vendors face when choosing an agent is how much commission to pay them. The decision is made for them in Queensland, the only state in Australia where commissions […]

Buoyant property market in 2010

Welcome to 2010 and what will likely be the most exciting year in Australian real estate since the property boom earlier this decade. I am eagerly anticipating this year’s first Super Auction Saturday in early February to get a hint of where our market is headed in 2010. I have a feeling we’re in for […]

2010 market indications

A new survey from the Bureau of Statistics and RP Data confirms my predictions for market activity in 2010. Essentially, upgraders will remain the largest buyer group with a continuing increase in investor and downsizer activity. The ABS Housing Mobility survey shows a massive 45 per cent of Australian home owners feel their homes are […]

Renting vs. Buying

These days we hear a lot about Gen Y actively choosing to rent where they want to live rather than saving up to buy in more affordable areas. They love living in the fun-filled affluent lifestyle locations close to beaches and cafes – and who can blame them? But it concerns me that many young […]

Market review - summer 2009

The only thing scorching higher than the Sydney temperature gauge over the past few weeks has been the auction clearance rates. With 70 to 80 per cent clearance becoming a regular occurrence in recent months, our inner city offices hit an almost all-time high of 92 per cent recently. Historically, I’ve found that if the […]

The influence of single career women

Single career women are now an influential buying force in the Australian property market. When I started in real estate, it was very rare to conduct an auction and have a 28-year-old female buy a property on her own. It didn’t happen that often. Nowadays when you put a well-located, beautifully designed apartment block on […]

How to find a good property manager

Just as buying a property is a great investment, hiring a good property manager is also an investment. For a small fee, which is fully tax deductible, a professional property manager can have a huge impact on the rental yields and long term capital gain of your investment asset. A good property manager will be […]

Buying off the plan - tricks and traps

The essence of property is that it’s a ‘real’ and tangible asset made up of soil, bricks and mortar. The exception to this is buying off the plan, where a developer offers an apartment or house for sale before the building has been completed. I don’t want to scare you away from buying off the […]

Buying a coastal holiday home or investment

Holiday homes became a luxury that many people couldn’t afford during the peak of the global financial crisis, with many forced to sell their coastal retreats or investments due to major losses on the share market. This resulted in an oversupply in Australia’s major coastal markets and prices have softened significantly over the past year. […]

Buying via private treaty

Sale by private treaty is the most common way of selling property in Australia. So as we have moved full steam ahead into the spring season, I thought I’d settle some misconceptions about private treaty purchasing. Some buyers have a very strong preference for private treaty because they see it as the ‘fairer’ and ‘less […]

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