The auction results from the weekend indicate that winter has come early, reflected in the late autumn markets. Dr Andrew Wilson, Chief Economist from My Housing Market, presents exclusively for Real Estate Talk and this week we see numbers fall in all the capitals and results follow the trend. Is...
[flex_video widescreen="true" vimeo="true"] [/flex_video] Transcript: It appears APRA is turning to the banks and warning them that they have fallen well short of expectations regarding portfolio controls for commercial property. APRA has said - “Justifying lending decisions on the basis of ‘long-standing relationship’ or ‘good track record’ are insufficient, by themselves,...
With so many experts, advisors, commentators, market analysists out there, where do you turn to get the best information? There are so many other factors to consider. Joining me to discuss just how you can work out who you can trust – 2 very trustworthy gentlemen – Rich Harvey, President...
[flex_video widescreen="true" vimeo="true"] [/flex_video] Transcript: Data indicates Australia's biggest-ever construction boom is slowly unwinding. Australian Bureau of Statistics shows approvals for new projects sank 17.2 percent in April. In fact building approvals have been on a decline since last August, with the once-booming apartment sector the biggest hit. Westpac Bank said “new...
[flex_video widescreen="true" vimeo="true"] [/flex_video] Transcript: If you are not sure how much you should be paying for a property, consider having it valued by an independent valuer before you sign a contract or bid at the auction. The cost can be about $400 which, in the overall scheme of things, is a...
[flex_video widescreen="true" vimeo="true"] [/flex_video] Transcript: It is quite a common practice to inflate the listing price of a property by a small or large amount to allow for some negotiations. Doing this also allows for fluctuations in the market created by temporary surges in purchaser numbers. Strong buyer interest at the time...
[flex_video widescreen="true" vimeo="true"] [/flex_video] Transcript: When it comes to buying a property, you should never rely on verbal agreements. All property transactions must be recorded on a legal contract and include any special conditions or inclusions. This includes listing your property for sale as a seller. Having a listing agreement in place...
Every seller wants to get the most money for their property when it comes time to sell. Watch this video from Kevin Turner as he share his thoughts on how to produce the most money when you sell. [flex_video widescreen="true" vimeo="true"] [/flex_video] Transcript: Ironically, the best way to do this is NOT...
ASIC has commenced civil penalty proceedings in the Federal Court against Westpac for a number of contraventions of the responsible lending provisions. This could just be the tip of the iceberg because, as Andrew Mirams points out, the regulator says it has reviewed the responsible lending practices of 11 lenders. So what...