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 […]
Getting information from newspapers about how the property market is going is like asking a spin doctor to “just tell the truth”! But you can get information from papers and other sources; it is the opinion or the conclusions that are not necessarily accurate. Anybody thinking about property investment at the moment has probably seen […]
Most media outlets are now talking gloom and doom. Many are saying the Westpac rate increase will lead all banks to increase their rates and therefore stop people buying properties. Many bloggers and print media point to median prices beginning to slow and in many capital cities, apart from Melbourne and Sydney, already in negative […]
After 8 months of electioneering, we are finally going to get a chance to move on without politicians being front and centre of the media. With the current trends in the Melbourne auction scene, the only thing the announcement will do is slow down a few vendors. Currently the clearance rate sits well over 70% […]
The Block has finished for another year and we will again be inundated with requests to purchase homes that can be purchased, renovated and flipped for hundreds of thousands of dollars of profit. And can this all be done in 8 weeks? NO! The block cost the production company $6.71M and with stamp duty and […]
With the autumn selling season just beginning to build up for the first of the big auction weekends, we can already see that the competition for properties this year will be stronger than that of last year. The clearance rate across the weekend is basically meaningless. With only 250 auctions gazetted for the weekend and […]
With an REIV 62% clearance rate, up from 54% on this time last year, we can see the market is changing. It is waking from an eighteen month slumber. The market will not revitalise itself overnight, but over the next six months I think we will see solid growth in the suburbs of Melbourne with […]
