Category: Buying a property

Buying a property, Property Investment, Property News Update

Wait times balloon as scarce social housing is ‘rationed’

Australian state governments are struggling to meet growing demand for low-cost housing as cost-of-living pressure rises.  Low-income earners can face a wait of more than 10 years for a tenancy, as social rental queuing times explode due to growing public and community housing scarcity, nationwide.  A new report released today from UNSW City Futures Research Centre reveals plummeting supply of social housing after a decade of minimal sector investment.  The study, … Continue reading Wait times balloon as scarce social housing is ‘rationed’

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Buying a property, Property Investment, Real Estate Agent, Real Estate Marketing, Working with Buyers

Leverage power in the negotiation – Kevin Turner

Most will be aware of the crazy nature of real estate through the pandemic and particularly the second half of last year.    We have started to see a shift from a seller’s to a buyer’s market. In its simplest form, the change to a buyer’s market is when the power in the negotiation shifts from the seller to the buyer.  Basically, who has the … Continue reading Leverage power in the negotiation – Kevin Turner

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Buying a property, Property Investment, Renovation

Buyer beware of the renovated property

Eager property buyers should be extra cautious of recently renovated properties that could be masking serious pest and structural issues in sellers’ haste to capitalise on soaring property markets, according to real estate expert and buyer’s agent Patrick Bright. Mr Bright, who is the author of The Insider’s Guide to Buying Real Estate and director of EPS Property Search, said buyers should be more worried … Continue reading Buyer beware of the renovated property

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corelogic
Buying a property, Property Investment, Property Investment, Property News Update, Selling a property

CoreLogic Property Pulse

More vendors tried to sell their property in spring – but did people buy them? By Eliza Owen, Head of Research Australia As social distancing restrictions eased across Victoria from the end of September, more vendors put their property up for sale. In the three months to November, the number of new listings added to the market across Australia averaged around 39,000 a month. This … Continue reading CoreLogic Property Pulse

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sydney-4034244_1280
Buying a property, NEWS

Pain Before Gain: REAL ESTATE Impact of Dropping Foreign Student Numbers

SYDNEY (10 November 2020) — Juwai IQI is releasing today this summary of Chinese residential real estate buyer activity related to Education in Australia, adding its own data and insights to the new report from the Mitchell Institute, Coronavirus, and international students. Juwai IQI Executive Chairman Georg Chmiel said: “It will be pain before gain. Student numbers are likely to keep falling and vacancies to … Continue reading Pain Before Gain: REAL ESTATE Impact of Dropping Foreign Student Numbers

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Realty.com.au
Buying a property, Buying a property, Finance

Home Loan

Home Loan Checklist Applying for a home loan requires some preparation.  The more prepared you are the easier it will be.  Spend some time putting together the required documentation.   Here is a checklist of what you need to put together BEFORE you meet the lender or broker; Personal Identification Passport Driver’s license Or you can instead present two forms of secondary identification: Birth certificate Medicare card … Continue reading Home Loan

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Buying a property, Finance, Property Investment

Price Guides

Agents are forever  being accused of under quoting, and every state and territory has laws that are suppose to prevent it. The most extreme being in Queensland, where it’s actually against the law for an agent to give a price guide. Veronica Morgan asks Meighan Wells, how do agents go about getting the right buyers in the door, when they’re not able actually publish or … Continue reading Price Guides

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Buying a property, Finance, Property Investment

Price Guides + Set Limits + Never Too Late To Depreciate

Pitch it low and watch it go or pitch it high and watch it die.  The language used by agents when it comes to pricing a property.  Agents are forever being accused of underquoting – pitch it low and watch it go – and every state and territory has laws that are supposed to prevent it.  In Queensland, the State Government has passed a law … Continue reading Price Guides + Set Limits + Never Too Late To Depreciate

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