Posts by Cate Bakos
Pandemic property boom losing momentum as seller and buyer expectations widen
Agents report market conditions have shifted quickly in the past few weeks. Photo: Peter Rae Sydney and Melbourne’s pandemic property boom is losing momentum as the gap widens between vendor expectations and what buyers are willing to pay. There has been a noticeable shift on the ground, agents are reporting, with fewer buyers at inspections and auctions…
Read MoreMelbourne suburbs on the property radar in 2022
With 2021 in the rear-view mirror and a return to normality on the horizon, which Melbourne suburbs are set to be hot property in 2022? The past two years have been nothing short of a bad dream for Melbourne residents, but that hasn’t stopped the booming property market. Between June 2020 and June 2021, the…
Read MoreShould you wait until 2023 to buy a property? – Canstar
Property prices are predicted to fall in 2023 – should you wait to buy? Four experts share their views. Property price predictions are constantly making headlines and forecasts made by Commonwealth Bank recently were no different. The CBA said it is expecting prices to increase a further 7% throughout 2022, before dropping by 10% in…
Read MoreGazumped?
We often hear sad stories out of the England and Wales about gazumping efforts and ‘chains’, (their intricate balance of consecutive property sales contracts from vendor to seller to vendor.. and so on). Unlike Australian property law, contract execution in these two countries can be held up by other processes in the ‘chain’ that are…
Read MoreTop tips for bidding in a hot property auction market – The Sydney Morning Herald
A case study: patience and planning
Back in 2011 I met a young prospective investor at a first home buyer event I participated in alongside a lovely industry buddy. Steve Cruz and I teamed up and ran a series of small seminars over a few weeknights for buyers who were keen to explore the idea of property investing or home-buying. The…
Read MoreTempted to buy a regional unit? Read this first
Apartment values grew faster than houses in regional areas last month, but that doesn’t neccessarily mean they make a good investment. Photo: Shutterstock Escalating house prices in the regions and new caps on how buyers can borrow may have some property hunters considering purchasing a unit instead, but experts say there are a number of…
Read MoreProperty price discounts on the rise in most Australian capital cities as hot market shows signs of cooling
Property prices in Brisbane are not being discounted at the same rate as last year. Photo: iStock/Yongyuan Dai Home vendors are starting to offer discounts to secure a sale, new data shows, especially in Sydney and Melbourne where signs point to the super hot market beginning to cool. But as veterans of the longest lockdowns flee the major…
Read MoreHow to make an offer on a house
Before you get serious about buying, it’s important to understand the first step on your home ownership journey – putting in an offer. Finding the right home for you can be a long, time-consuming process. But once you’ve found ‘the one’, you probably want to move quickly – especially in a hot property market –…
Read MoreProperty buyer FOMO eases as lockdowns end, more listings hit the market
More homes have been listed as lockdowns end. Photo: Peter Rae Fear of missing out among potential property buyers is starting to ease as more homes are listed for sale this spring. But buyers hoping to pick up a bargain might have another think coming, with bullish prices still being achieved for the most sought-after homes. “That’s [FOMO] definitely…
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