|
 Price cuts rattle the property market
Australian Financial Review, December, 2010 Valuers
are cutting the value of some expensive homes by up to 20 per cent
because there are no recent sales to justify previous sky-high prices,
changes that are making it harder for debt-laden owners to refinance
mortgages.
The revaluations have been compounding weakness in
the housing market and torpedoing house sales because some banks are
refusing to finance purchases ...
More pain to come as buyers flee
The Courier Mail, December, 2010 Homebuyer confidence has taken a dive in southeast Queensland with predictions of more pain to come.
While
properties within 5 km of the central business district have achieved
reasonable results this year, analysts believe there will be little
price growth in the next 12 months ...
It’s mind the gap as Sydney sellers lop 6% off spring prices
Sydney Morning Herald, November, 2010 Erratic
interest in Sydney property has been causing price fluctuations, with
property valuers increasingly assessing values conservatively, prompting
a few sales to fall over.
Home buyers are now being advised the best way to ensure bank valuation finance approval is to buy at auction.
Cautious
valuers are striking valuations which are causing sales to fall
through, according to the president of the Real Estate Buyers Agents
Association, Byron Rose...
Foreigners grab prime real estate in Sydney
The Daily Telegraph November, 2010 SYDNEY'S
famous Harbour vista is driving an unprecedented international land
grab as overseas buyers snap up premium homes and office buildings
across the city. A surge of money from Asia, along with
traditional European investors, is driving demand in the CBD, North
Shore and Eastern Suburbs, cementing Sydney as the fourth most popular
city for international investment on Earth ... Strong dollar deters overseas house buyers
Sydney Morning Herald October, 2010 DEVELOPERS
and real-estate agents are divided on whether foreign investors are
responsible for driving up house prices. But the two groups agree on one
thing: the strong dollar has scared them away. ‘’A
$1 million property is now … around 20-25 per cent dearer in round
figures than it was a year ago in Singapore dollars, Chinese renminbi,
Euros and especially in US dollars,’’ ... First Property Buyer Magazine October, 2010 If
you're feeling outgunned taking on the property market single-handed,
it could be time to call in the cavalry – enter the buyer's agent. A
representative manager, partner, mediator, mentor, negotiator or
go-between ... whichever title you want to give a buyer's agent, they
have one clear focus - you ... The most anticipated list of areas set to boom. The
outlook remains positive for the Australian property market and to help
investors decide where to look, API has once again consulted experts to
compile this year's list of the top 100 capital growth hotspots in the
country... The traditional spring selling season may be stifled by political uncertainty and oversupply...
Hotspotting August 30, 2010
The
greatest furphy in real estate – that Spring is the best time to be in
the market – is bringing a host of market professionals out of the
woodwork, attempting to generate business by talking up market
prospects. REBAA article also picked up by the following:
BRW June 17, 2010
The Australian Financial Review May 29-30, 2010
The Daily Telegraph May 3, 2010
The Australian March 17, 2010
The Sydney Morning Herald March 11, 2010 The Advertiser, Adelaide March 11, 2010 Daily Telegraph - January 2010
|
