On Saturday one of the auctions I attended was of a 2-bedroom villa unit in Brunswick. After the quote range had been moved up during the campaign and unconditional offers were made, 5 people still fought out the property with it finishing at least $40k above the closest comparables in the area. 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 […]
It is that time of year when we all think about our families and friends and find some time to spend with those we may not have seen in a while. JPP Buyer Advocates and JPP Property Management would like to wish everyone a safe and happy festive season. Our office phones will be manned […]
The REIV Awards for Excellence were presented in October at the Crown Casino. Courtney Thursfield, our Head of Property Management, was awarded the Presidents Award for 2018. This award is given to an individual based on their contribution to the REIV and to the Real Estate industry as a whole. Courtney is the current chair […]
As we enter the final stretch toward the 2018 Victorian State Election on Saturday 24th November, we will hear much information about property and inherently the taxes that come from it. About half the income of the Victorian State Government comes from property related taxes and duties such as stamp duty on properties that are […]
The Australian Prudential Regulation Authority (APRA) is an independent body that supervises banking institutions and has been a useful tool for the Reserve Bank of Australia (RBA). 2 years ago the RBA board knew that the housing market was overheating in both Melbourne and Sydney. But nowhere else in the country was the housing market […]
It is the media that screams out that property prices are falling. It is the media who tells us that the interest rates are going to remain on hold; it is the media that tells us who is going to win the next election and also who deserves to win. And most of the time […]
With the advent of lower clearance rates, we are seeing more auctions ending in a pass in. A “pass in” occurs when the bidding at an auction does not reach the vendor’s reserve and, as such, the auctioneer having failed to illicit a high enough bid, passes the property in and according to the rules […]
After the 20th month of no change to the cash rate, we are now in a new era for the Reserve Bank. Since rates have been examined on a month to month basis, we have not gone this long unchanged. And with every major economic forecaster and the RBA Governor himself, predicting no change on […]
You can sell a property and make a very good return if you watch how you market, and how you manage the campaign and know when to say NO! Buying property and holding it, is a brilliant long term money making strategy. The trick to capitalising on your investment is knowing when to say YES!! […]
