Air BNB owners hit with 50% premium on rates

Peak property body Strata Community Association (Qld) (SCA (Qld)) has welcomed the announcement of a 50% premium on rates for short-term accommodation in today’s Brisbane City Council Budget but argues this indicates a need for the state to devolve power to local communities. SCA (Qld) President, Kristi Kinast, maintains Air BNB is one of the biggest problems in Queensland strata communities and hopes today’s announcement … Continue reading Air BNB owners hit with 50% premium on rates

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’

Property flipping carries a higher risk now

Flipping risks are now more elevated Property flipping has often been an effective strategy for experienced properly investors who have successfully timed the purchase, renovation, and sale of their property assets. However, property flipping in softer market conditions can be very challenging, according to Pete Wargent, co-founder of Australia’s first national marketplace for buyer’s agent services, BuyersBuyers. Mr Wargent said, “on top of the cost of renovating, there will … Continue reading Property flipping carries a higher risk now

Surprising new research finds 4 in 5 mortgagees have a savings buffer and can meet rate rises

With interest rates expected to begin rising while the cost of living continues soaring, a new survey from financial information platform Money.com.au has revealed just how prepared Australians are to meet their mortgage repayment obligations. The good news is that 80 per cent of respondents say they have a buffer in their home loans to meet the coming rate rises. The finding was derived from a survey … Continue reading Surprising new research finds 4 in 5 mortgagees have a savings buffer and can meet rate rises

Investment into small office assets grows

The office market has been one of the most disrupted due to COVID-19 lockdowns forcing staff out of the CBDs to work from home. While some states embraced the return to work quickly, it has been a longer grind for markets such as Sydney who are now faced with businesses developing hybrid working models, sparking the question: What will the future office look like? Despite … Continue reading Investment into small office assets grows

Why listing with a big brand is not always the best option- Kevin Turner

No matter the size, irrespective if the agency is part of a big brand or is a one person operation, real estate agencies need to do mostly the same thing: List your property for sale Get it in the agency window Publish it on several websites Produce some marketing Do open homes Follow up interested parties Provide you with feedback Generate an offer/contract Negotiate the … Continue reading Why listing with a big brand is not always the best option- Kevin Turner

Don’t be a victim of underquoting 

Buyers are being encouraged to base their comparable sales data research on  monthly, rather than quarterly, figures to avoid being victims of underquoting,  according to Australia’s leading professional body of buyer’s agents.   “In a rising market while we can’t predict the strength of the capital growth figure,  we can factor in a heightened seller’s market when appraising a property,” said Ms.  Bakos.   “Underquoting is much … Continue reading Don’t be a victim of underquoting 

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

Paul ‘The Chief’ Harragon’s home sale set to break new record

NRL Legend Paul ‘The Chief’ Harragon’s home set to make  new real One of the best estates along the Newcastle and Lake Macquarie coastline is on the market with  the listing of a 5-bedroom estate on almost a hectare of land overlooking Dudley Beach and  Glenrock conservation area.  Owned by Paul ‘The Chief’ Harragon and his wife Pam for the last 27 years, this tri-level … Continue reading Paul ‘The Chief’ Harragon’s home sale set to break new record

How not to get your kids into property

How not to get your kids into property – George Hadgelias

Parents often ask me how they can help their children into property. ⁠ ⁠ Some even contemplate giving one of their existing properties to their children.⁠ For those more financially free, giving a property while they are still alive so they can see the joy it creates can be very heart-warming.⁠ ⁠ But there are a number of reasons why you should beware.⁠ ⁠ Firstly, … Continue reading How not to get your kids into property – George Hadgelias