There was a very interesting article by Chris Vedelago in The Age on Sunday concerning listings in Melbourne that have been hanging on the market for an extended period of time, and have subsequently dropped significantly in price. I’ve often commented how good property will sell well in any market, and it’s an adage that […]
Statistics are beginning to show an increase in the number of property investors taking advantage of what has widely been spruiked as a “buyer’s market”. Not only is this evident in the increased numbers of buyers lining up outside open for inspections and attending auctions, AFG (the country’s largest mortgage brokering group) reported their mortgage […]
Emotion can be a very destructive force particularly when it starts to dictate our financial pathways. One of the first things Forex traders learn before stepping onto the trading floor is how to harness their emotions. Without doing so, they risk making costly mistakes that can gradually undermine belief in their own abilities and prevent […]
With more questions hanging over the economy and global markets this week than last, the real estate industry holds little hope for an increase in buyers this weekend. Even before the dramatic volatility on the sharemarkets seen this week, auction clearance rates in Melbourne and Sydney had hovered around 50 per cent this year, from […]
The financial fallout in America is not going to do anything positive for investor confidence, however the agents this weekend were taking full advantage of the news to spruik the safety of investing in “bricks and mortar”. Without exception, in each auction preamble, there were comments to the effect that “the share market is crashing, […]
A lot of emphasis is put on clearance rates each week – particularly in Melbourne and Sydney (the two main capitals of Auction sales), however few people really understand what the clearance rate represents. The broad assumption is that “sold at auction” equates to sold “under the hammer” and a high clearance rate means the […]
It seems we’re in for a “spring of discontent”. The release of the long-awaited carbon tax details were intended to produce an element of certainty. It’s been spruiked as a simple effective plan ensuring pollution is reduced “at the lowest cost to the economy”, with a large spoon of sugar for us “ordinary folk” designed […]
You can analyse as much statistical data as you like, and in many cases twist it to argue any point you want to make, but ask the average home buyer if he or she is finding it any easier to purchase property, and I doubt the answer would be an out-and-out yes. Bear in mind […]
Are we starting to see more distressed vendors than may have been reported? Australia-wide, the delinquency rate has climbed from about 1.4% to 1.79%. It might be low in comparison to Europe and America, but it’s a figure the Reserve Bank should be paying close heed to because it seems there are other distressed vendors […]
Victorian Consumer Affairs Minister Tony Robinson has proposed two changes to the state’s Estate Agents Act which have been met with much discussion. The first change is a ban on ‘price plus’ advertising by real estate agents and the other is a change to Section 55 of the Act, a section that’s designed to prevent […]
