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Your Money (www.yourmoneymag.com.au), January 2012 Houses in Australia’s major cities are now some of the most expensive in the world and real estate agents’ tactics are regularly inflating prices so if you’re trying to buy a new home right now use these seven steps to avoid over-paying. Houses in all of Australia’s major cities (along with Hong Kong and New Zealand) are “severely unaffordable” according to the 8th annual Demographia International Housing Affordability Survey.
News.com.au, January 2012 Capitalise on the slower few weeks, when many vendors, buyers and even agents are on holidays and consider buying or getting your house ready to put on the market. Property Observer, Monday 9 January 2012 Prime holiday times like January can present opportunities for those looking to buy a house, which can translate to lower prices and more flexible conditions for a better buy. Holiday periods are definitely slower times in the market cycle, when many people are tied up with vacations and families. Fewer buyers mean less competition and the added benefit for buyers to shop around for what suits them best. Australian Financial Review, 22-27 December 2011 A lack of confidence made life difficult for residential investors in the past year with sellers struggling to obtain the prices they hoped for. On top of all that, banks tightened their lending policies and reduced valuations through the year, which also restricted home buyers' ability to obtain finance, restricting price growth, says Real Estate Buyer's Agents Association of Australia president Warwick Brookes. The rush to sell before Christmas is good news for buyers on the look-out for a good deal. Christmas shopping is well under way in the Sydney property market, with feverish festive buyers picking the eyes out of the best of the season’s offerings. ‘’We’re right in the midst of a Christmas bargain frenzy,’’ says Edward Flitcroft of buyer’s agency Chalk Road. ‘’There’s a whole raft of property that’s being attempted to be sold at the end of the calendar year and buyers are now all getting active.’’ ...
Herald Sun, 26 November 2011 Just half the properties going under the hammer have sold in the past four weekends - the worst run of auction results in seven years. About 1000 homes will still go for auction today and tomorrow, the most in a weekend since early this year. Bentleigh East, Brunswick and Glen Iris are Melbourne's auction hot spots, with 16 scheduled in each suburb ...
Courier Mail, 20 November 2011 THE downturn in the property market has seen an increase in the number of properties being sold by tender, expressions of interest or in blind auctions. Buyers agents say the sales method, which goes under different names but essentially is when buyers submit an offer in writing by a certain time, is becoming increasingly prevalent as agents attempt to get buyers across the line. Meighan Hetherington from buyers agency Property Pursuit said she was seeing an increasing number of sales by this method ...
Hotspotting, 10 November 2011 In a blind auction, buyers are asked to simultaneously submit one bid only to the selling agent, without knowledge of the amounts bid by other participants. Real Estate Buyers Agents Association of Australia (REBAA) president Warwick Brookes says he is seeing more and more buyers frustrated by the trend of sealed-bid auctions.
The Daily Telegraph, 22 October 2011 Even if a vendor’s property sells for a little less than it might have a year ago, the savings will almost certainly be greater on the next purchase. Most experts agree Sydney’s property market is currently suffering low self-esteem. Fewer buyers are house-hunting and vendors are fearful of lowering prices to meet market expectations, concerned they will be “losing” money on an asset which, more often than not, has already gained more than $100,000 over several years ...
Domain, 22 October 2011 Domain looks at the pros and cons of sticking with one house for life. When a couple gets together, they often intend it’s until ‘’death do us part’’. For some, that lifelong commitment applies equally to their house. While such devotion was common 50 years ago, today the high costs of buying and selling property make settling for a once-only ‘’forever house’’ look increasingly attractive, rather than planning a series of step-ups from small homes to larger ones ... The Leader, 10 October 2011 More people are opting for a buyer's advocate to take the hassle out of house-hunting. House-hunting can be a wearing experience of trawling through open-for-inspection listings and putting a bid in at auction, only to be outdone by the person next to you. In this time-poor age, more and more people ...
Property Observer, 19 September 2011 Agents can often be reticent to provide an accurate valuation of a property they are selling. However, here are four tips for ascertaining how much you should offer. 1. Request the comparable sales data the agent relied upon to determine their opinion of value. Whilst the agent may refuse your request based on client confidentiality, it has far greater meaning than the irrelevant sales data agents often hand out at inspections. Confusing? Absolutely! That is why they are summarised as relevant, not comparable ...
The Weekend Australian, 3-4 September 2011 Behind the week-to-week machinations of clearance rates and stock levels a trend is emerging of owners hanging on to properties for longer. Research company RP Data's released numbers recently showing the average ...
Property Observer, Friday, 26 August 2011 • www.propertyobserver.com.au Buyers’ agents emerged as the key players in the finale of the The Block 2011 after only one of the four cottages sold under the hammer. The Block 2011 auction room was full of buyers agents acting as advocates on behalf of buyers while prospective buyers were scarce ... The Weekend Australian Financial Review, 20-21 August, 2011 Warwick Brookes, a director of the Melbourne-based Domain Property
Advocates, has become the new president of the Real Estate Buyer's
Agents Association of Australia ... The most anticipated list of areas set to boom. With conditions ripe for investors to be getting into the property market right now, API has asked the experts to name the hottest 100 locations for real estate around Australia ...
Property Observer, Tuesday, 28 June 2011 • www.propertyobserver.com.au
Real Estate Report - 06/06/11 June 06, 2011 This week we continue our series looking at suburbs with the highest median prices in 2010, with a focus on two suburbs in New South Wales. We speak with Byron Rose, National President of the Real Estate Buyers Agents Association of Australia and Principal at Rose and Jones about the advantages of having a buyer’s agent. And in our tax tip we look at claiming expenses for repairs caused by a natural disaster. Read more and view video.
The Australian Financial Review, May, 2011
Money Magazine, April, 2011
Weekend Property, The Weekend Australian - April 16-17, 2011 When vacancy rates hit 2 per cent, things get tough and right now they are hovering around 1 per cent.If you think your rent is too high, hang on to your hat, because it is likely to get a lot worse, unless you live on the Sunshine Coast, Gold Coast, Whitsundays, or plan to live in Darwin for six months ...
API magazine - April, 2011 Opportunities for investors in 2011
The Age - Domain, February, 2011 More and more buyers are getting professionals to act on their behalf.
The Daily Telegraph, February, 2011 HIRING help to purchase property is not only for the rich and famous.
Australian Financial Review, January, 2011 Sydney and Perth are expected to lead the way for the residential housing market this year as increasing incomes, improving business prosperity and a shortage of new stock are tipped to underpin new price benchmarks. |
