Every Sunday Cate shares a recent adventure or interesting industry observation.
This is a very fair question for buyers to ask. They don’t always have the benefit of a long-standing professional relationship, or acquired trust. And they don’t always know the questions to ask or the ways to handle this doubting concept when the question arises. Buyers often ask us this question when they are faced… Read more »
Land to Asset Ratio is not a plentiful term in our industry, but it should be. It literally means ‘the ratio of the land content to the total asset value.’ The term has a few variants, but they all refer to the value of the land when benchmarked against the value of any dwelling plus improvements on this… Read more »
Our crazy ol’ market has indeed copped some changes in a short period of time. It’s hard to believe the sales that we were involved in from February to mid-May now that we’ve had two solid weekends of tough auction competition, fast-paced and competitive negotiations, and extraordinarily well-attended open for inspections. What do people point… Read more »
It’s never a dull day on a Saturday for us, but this weekend was life in technicolour for both of us. With a renewed level of energy and optimism, it was no surprise for Amy and I to see the auction clearance rate was immediately into the mid-sixties for Melbourne when the 7pm notification came… Read more »
In the wake of the election shock result, APRA’s recommendation to ease lender’s servicing buffers, and talk of further incentives for First Home Buyers, it should come as little shock to those watching Melbourne’s property market that a fresh sense of optimism now circles our market. The past two months in particular have been plagued… Read more »
Amidst the crazy election furor, annoying political ads and badly-thought-out vote grabs, one of the latest knee-jerk ideas of our politicians is to assist a limited number of eligible first home buyers into the market with a handy additional 15% deposit guarantee. What does this mean for buyers? It means that those who haven’t saved… Read more »
We use the term “A-Grade” a lot, but what does this really mean, and how do we distinguish between A-Grade and other grades? In this Buyer’s Market, it’s easy to buy a bargain property. The critical element that buyers need to focus on now relates to the quality of the property. Anyone can buy a… Read more »
Just this week a fabulous industry colleague (and friend) tagged me in his thought-provoking post and asked me to comment on this. And indeed I could. I take advantage of this phenomenon often. Tim’s article he handpicked for his post (attached here), explains that the laws of supply and demand don’t always apply to an… Read more »
In this Buyer’s Market climate, our auction clearances are lower, days on market are extended, vendors are often applying discounts to their asking price, and it’s not uncommon for agents to lose their listings to opposition agents. It’s a different dynamic in contrast to the heady days of 2017. Back in the days of Seller’s… Read more »
There is a bit of talk in the media about the current conditions being opportune for home buyers who are upgrading, but the process of buying, selling, packing, moving, settling is a lot more challenging than the headlines suggest. Not all markets are equal, and the recent headlines generalise about the metropolitan Melbourne market in… Read more »