Housing values 1.5% higher in October as growth trends ease and downside risk builds
Australian housing values rose 1.5% in October, a similar result to August and September However, taking the monthly change out another decimal point shows the market is continuing to slowly lose momentum since moving through a peak monthly rate of
New listings continue to rise!
New listings continue to rise, but are they in the areas where you want to buy? Eliza Owen from Corelogic 20 October 2021 As lockdown restrictions ease across Sydney, Melbourne and the ACT, the spring selling season has started in earnest,
Auctions Still The Way To Go
I wrote this article in April 2019. What a difference two and a half years make. Here we are in October 2021 in the middle of the biggest boom I have witnessed in 32-years of real estate. Still my advice
Life Of Tenants
Ten Things Government Could Do To Improve Life For Tenants With elections looming in both NSW and Federally, most parties are bringing out policies which they think will appeal to tenants. Fair enough, tenants represent something like 40% of the population, possibly more
Another Thing We Do
Things we do for our clients
Another Thing We Do
Many people think that as a real estate agent, you just sell properties or collect the rent! As if that wasn’t enough in itself. What we do is to maximise the value of our clients property. Here is an example: This delightful 1940’s
What Happens To Real Estate Over Christmas?
All I Want For Christmas Is A Home! I just came across the following article published on the Domain website. Whilst I agree with most of the narrative, I add that traditionally auction clearance rates fall the closer we get to Christmas. The market tends not
Where has affordability deteriorated the most in the regions?
Eliza Owen – Corelogic – 2 December 2012 The recently released ANZ CoreLogic Housing Affordability Report showed wide scale declines in housing affordability through the current upswing. At the national level, the ratio of housing values to household incomes reached a new
Fairlight Property Report
The following Property report has been extracted from CoreLogic. Minor editing has been made. For a full original and up to date copy of this report, feel welcome to contact Shane Spence. The report from which this information was extracted
Where have monthly value changes fallen the most?
Eliza Owen Corelogic 8 November 2021 Australian property values are seeing a slowdown in the monthly rate of growth. This trend is expected to carry into 2022, as affordability constraints rise, mortgage rates bottom out, and a higher number of
Housing turnover reaches the highest level in nearly 12 years
I often hear property buyers lamenting the shortage of stock in the current market. My impression was quite different. I thought the market was well stocked. High demand created by low interest rates was causing properties to be sold in
Prepare for new planning changes for short-term rental accommodation
Prepare for new planning changes for short-term rental accommodation Are you responsible for letting short-term rental accommodation (STRA) properties? Work with your clients to ensure they register before 1 November 2021 to let out their property for summer. You can also register your client’s
Doing It Right!
Hiring The Right Trades If you own an investment property? Maintenance work will need to be done. A handyman often comes to mind as a good low-cost alternative to engaging a licensed contractor. They are limited however in the types
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