A few times a month we are asked how much will this cost to renovate or the much loved, I have been watching “The Block” or the latest craze “Masters of Flip”. How can I flip properties and what should we buy? Let’s put “flipping” to the side as in the current market the purchase […]
March’s last super Saturday is done and with the Real Estate Institute’s 75% auction clearance rate we can see that property price growth is far from done. There will now be a couple of weeks before the auction market picks up a little, with Easter next weekend, and with school holidays straight after there could […]
If you had listened to the property spruikers through 2003 – 2010 and bought Docklands, Southbank and high rise in some sections of the CBD, you may well have generated a reasonable rental yield. You should have had around 4% or better most years. But your property will have most likely not gone up in […]
Investors chase profit in three ways: Capital growth, Rental yield and Tax deductions. There was an old adage I once heard many, many years ago: Never buy an asset where the sole purpose is to lose money and get tax deductions! In other words, long-term capital growth should always be your focus when buying property […]
Another weekend of 60% clearance rates on 875 reported Auctions and a further 690 private sales proving that the market is still marching on toward 2013 with gusto. Our enquiry levels have been exceptional, with many prospective purchasers now finding it very hard to compete in a market that is heating up. 2013 will be […]
With new advertisements entering the web portals this week, it is time to see what 2012 will bring to the Melbourne property market. Everyone will be putting forward their best guesses and estimates but in truth, the market will unfold itself over the next ten weeks. There are too many conflicting economic issues facing Australia, […]
When the Reserve Bank Board meets this morning I believe they will raise interest rates by 25 basis points. If they do not they will most definitely signal the rise for next month in their statement. They really have no choice. We will see another interest rate hike either today or next month. And this […]
The market is beginning to tread water. Coming into Easter we still have a huge amount of property on the market which has been slowly selling when the vendor meets the market. The REIV has issued the clearance rate at 61% but this will almost certainly drop into the 50’s when the 117 auctions with […]
