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 […]
Most buyers do not. They assume that contracts are in general terms fair to both parties. And they live in fantasy land. More than 90% of auction contracts we are sent have special conditions that modify the very fair legislated General Conditions as listed in The Estate Agents ACT. And the vast majority of those […]
AND IT ALREADY IS. Section 47A,B,C,D of the Estate Agents Act of Victoria Underquoting occurs in two specific instances. The first is when the vendor completes an authority to sell and specifies a specific price they will accept. This can be for private sale or auction. If the Estate Agent quotes either verbally or in […]
Auctions are simply a way of life in the Melbourne property market. Even though, in overall Metropolitan Melbourne, there are only about 30% of properties that go to auction, in the inner suburbs around the 20km ring of the CBD, this could be closer to 60%. If you are intending to purchase in these areas, […]
It has been announced by the State Government that the $7000 First Home Owners Grant (FHOG) will change on 1st July 2013. The grant will be increased to $10,000 but the eligibility criteria also changes substantially. First home buyers are only eligible for this grant if they are purchasing a new home. Considering there are […]
The REIV are reporting a clearance rate of 58% for the weekend. With results now firmly sitting under 60% we are starting to see more agents doing deals outside the auction method of sale. Selling agents will be looking for more innovative ways of selling their clients homes over spring. With annual turnover down substantially, […]
I thought I would move away from the usual statistical diatribe and clearance rate discussions, which the REIV listed as 55% with another 49 auctions still to be recorded and talk about The Real Estate industry as a whole. Most people who are buying, selling or leasing a home, as a tenant or landlord will […]
With the financial year winding down to a close and the Melbourne property market remaining relatively static, I thought we might talk about a topic most home buyers do not really understand After purchasing your dream home or investment property. The weekend has gone, and you are now a home owner. Whether you were successful […]
With a 57% clearance rate touted by the Real Estate Institute of Victoria, I think investors are looking forward to the end of the financial year. Most “mum and dad” investors who have a negatively geared investment property, that pay normal PAYG tax each week will be rushing to get their tax returns in as […]
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 […]
