A significant majority of young Australians are addicted to credit cards and feel unable to save for the long-term, it has been suggested. Catherine Cashmore, a buyer advocate at real estate firm JPP, claimed that today’s Generation Y – meaning Aussies ages 18 to 24 – expect to have easy access to loans and credit. […]
Caveat emptor: this often-quoted Latin phrase means “let the buyer beware”, and it remains one of the bedrock legal principles governing property transactions today. The simple fact is that the real estate system is weighted heavily in favour of vendors and vendors’ rights, which means buyers have to be wary, proactive and knowledgeable to protect […]
The drawn-out political wrangle to form the next federal government looks set to affect the nation’s real estate market, delaying the start of the key spring auction season and adding further pressure on house prices. Election officials say the country may have to wait until at least the end of next week before the final […]
If you follow this approach you’ll get valuable insights into property prices, selling tactics and the state and level of demand, placing you in a much better position to successfully buy your first or subsequent home. Buying a home in today’s market can be a daunting task. Not only do you have to contend with […]
WITH prices softening, buyers scent their opportunity. But is it better to buy at auction or by private sale? Ian James, of JPP Buyer Advocates, says both methods have pros and cons for the uninitiated and much depends on the market. “Go to auction if you think the property will go low but not if […]
CLEARANCE rates in the major cities continued worsening at the weekend, with house sales significantly lower than the same time last year. In Sydney and Melbourne, auctions hit a 52-week low of 49.8 per cent and 55.6 per cent respectively, according to Australian Property Monitors. On the corresponding weekend last year, Sydney auctions cleared 70.5 […]
Property sales rates in major cities in Australia appear to be weakening as buyers become more selective, it is claimed. Residential real estate sales are significantly lower than the same time last year with the latest figures from Australian Property Monitors indicating they have fallen in Sydney, Melbourne, Brisbane and Adelaide. In 2009 Sydney auctions […]
Putting a property up for auction is always a bit of a gamble but, until recently, the odds of making a sale were heavily in favour of vendors. Judging by the number of properties now passing in after little or no bidding — and the sky-high price expectations revealed during later negotiations — many vendors […]
Melbourne property Market was showing a lot of strength early in the 2010. It was clear that this was not going to be just another year. Rates were at all-time low levels and would-be buyers were back in the market in force, swamping open-for-inspections and snapping up all the properties coming up on to the […]
Data by the Sheriff’s Office of Victoria shows that about one home per day is being repossessed. From July 2009 to March 2010, it has been tallied that around 250 properties have been taken by the state while 1,388 repossession writs were files in the Supreme Court. This shows that rising home loan rates are […]
