As a property seller, it is extremelydisappointing when the price interest in your home falls short of your hopes & expectations. Failing to achieve your price target will happen in one oftwo ways – private failure or public failure. Failing privately means the agent submits the current buyer’s price interest/offers on your property to you…
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Have you ever wondered what’s important when setting the asking price for your house? Only one thing really matters and that is how your house compares with similar properties which have recently sold or are competing with yours for the buyer’s interest. With the wealth of online information available via the internet today, buyers are…
In the short term, interest rates, unemployment, supply and demand, and market confidence all affect property prices. But in the long term however, property prices are driven more by population growth and affordability. Based on conservative assumptions of population growth, Economists BIS Shrapnel estimate that Australia’s population will be around 28.3 million people by 2026.…
Neglected or maintained? Owning a quality investment property over a number of years can do wonders for building your wealth. As capital growth and rental returns inevitably increase, the pain of owning an investment property begins to reap the desired return for landlords. The financial pain of transactions costs and establishing the investment property are…
If you are like most sellers, the thought of selling your property can be daunting. When it comes to getting the highest price for your property, these are the two things that, more than any others, will optimise your chances of success. But before we get into those areas, do you mind if I ask…
When to decline and when to accept. Deciding whether to accept or decline an offer can be the most challenging of times for owners. There is no rule book to follow on how to play the offer scenario when it arises. Receiving an offer is good news when selling as it means there is interest…
The simple task of selecting an agent to sell your home can become problematic very quickly. Whilst there will be many agents who pitch for your business, knowing which agent is the right agent won’t necessarily be a straight-forward decision. Selecting the right agent becomes all the more challenging if you don’t know how to…
The latest population figures suggest that Melbourne is on track to become Australia’s largest city, with Victoria set to experience strong population growth over the coming 50 years. Australian Bureau of Statistics population projections show Melbourne’s population is expected to surpass Sydney’s by 2053. But Melbourne could be Australia’s most populated city by as early as…
The latest housing finance figures released by the Australian Bureau of Statistics more investors securing financing for properties, while owner occupier financing has dropped. Investment housing commitments increased 1.6% in January, making almost three years of consecutive monthly increases. The figures also show, in trend terms, owner-occupied finance commitments decreasing by 0.1% in January 2014,…
Whether you like it or not, it cannot be denied that the cooler months have a huge effect on your behaviour. No longer are days spent lounging around on the deck with the barbeque sizzling and a glass of champagne in hand. Now, it’s all about snuggling up indoors with the fire on and a hot…