Why are more and more people feeling that their new home is out of reach? Is it actually out of reach or does the human psyche come into play more than we realise? I spend a lot of time talking to buyers, and I have noticed a pattern begin to emerge. A lot of buyers…
At an industry function AgentOPS was pre launched. It was a sunny afternoon on the bay at Dobroyd Aquatic Club – a venue where they race remote controlled yachts. What a fitting venue for a function launching time saving property listing technology – AgentOPS. AgentOPS is a platform soon to be released to market. The platform…
Recently I’d sold a property for one of my clients and they asked me to help them purchase another property. They saw another property online with a different agent at another agency. I called that agent to set up a time to view it as my client was overseas. The property looked fine with an…
It’s interesting how many buyers I see make the same mistake when looking for a new home. Everyone wants a bargain or at least the feeling they got one. Yes time and time again smart people are making the wrong decisions. These decisions are based on logic that in my view does not trust their…
In May 2016, I met a client who had a one bedroom apartment to sell. We listed the property and achieved a suburb record in just five days! Admittedly, the property was in a prime location, was immaculately presented and stock was low at the time. But the difference between the offer that was accepted…
This week I had the pleasure of attending a seminar with a man I would describe as a futurist or a scientist who uses demographics to pick future economic trends. Harry Debt Jr. of Dent Research has written many books with many predictions and a lot of what he’s said has come true. His latest…
Last week the interest rate on Australian bonds dropped below 2 percent for the first time since 1969. This is positive for home owners as bonds are a lead indicator for mortgage interest rates. The fall in bond yields is based on the immediate fear of the UK leaving the EU, affectionately referred to as…
In a study published earlier this month Moody’s Investors Service became negative about Australian banks in light of their exposure to residential property. My analysis of Sydney property prices compared to other international cities suggests prices are getting up there but could run further. Moody’s – “signs of a re-acceleration in Australian house prices and…
Oh yeah… what a week it’s been!……We had the Federal budget, a drop in interest rates and to top off the week The Voice 2016 kicked off. Budget snapshot: Middle income families will benefit from a raise in their bracket resulting in 500,000 less Australians paying tax at 37.5% small businesses will benefit from a…
Following two years of exceptional home value appreciation and double-digit growth in many areas, home value growth will likely slow across Australia in 2016. There will be no big short in Australia despite the hype following the release of the Hollywood blockbuster. While there is some uncertainty about the property market I am seeing plenty of buyers…