Why this is our most popular blog
We’ve been writing weekly blogs for over a decade now and in this time, we’ve documented trends, various clients’ property adventures, our coal face insights and market updates. From the lows of the 2012 and 2019 market to the highs of our 2013-2017 run, the credit-squeezed pre-May 2019 period to the turbulence throughout COVID lockdowns……
Interest rate speculation
This week’s blog is delivered following popular demand. Many consumers misunderstand the interest rate news right now, and there are two common elements that are getting confused; interest rate increases: currently only fixed rates, not variable rates increased buffer rates, as initiated recently by APRA Back to the first point…. So many people are feeling…
The best kind of moral support
We get to enjoy so many exciting journeys with our clients. Many come to us for assistance because the task of finding a home can feel daunting or overwhelming. A large proportion of our clients are first time buyers, yet even for those who are upgrading, the enormity of the task can often trigger these…
Making good decisions
I recently listened to a great documentary on ABC National radio’s Ockham’s Razor. A marine science expert, Paul Hardisty spoke about the plight of saving the Great Barrier Reef. “Every day we make hundreds of choices, big and small, that build to become the story of our lives – the friends we make, the careers…
What the MCG Rental Loss Index tells investors
Every few weeks I chat with an industry buddy, quantity surveyor – Mike Mortlock. We enjoy analysing data; and more so, I like distilling the numbers with Mike and shedding light on what’s happening at the coal face to trigger the data that he’s produced. Mike is an industry thought leader who has recently produced…
Off-market buys: why there are *less* good opportunities Melbourne right now
I’ve written a lot about off-market properties because they are a popular, but often misunderstood concept. Selling agents sometimes mislabel them, a lot of buyer’s agents use them in their advertising spiel, and plenty of buyers fall prey to non-quality or over-priced off-markets. It’s unfair, though to suggest that there aren’t some great off-market opportunities…
Our market movement
The recent CoreLogic report is a sobering reminder to buyers who are tackling a purchase effort in the vast majority of our capital (and regional) cities around the nation. Although it’s hard to fathom for many, we do have to take stock of the rate of market movement when assessing a likely sale price of…
MacroPru: What is it?
Since the GFC, this term has become a well-worn one in banking and finance circles, but so few understand what it really means, and why it’s become so important. Recent news articles in this past week suggest that it will strike again, and some commentators, agents and investors alike are mindful of macro-prudential measures being…
Six things to ask yourself before you sign that contract
In this energetic, fast-paced seller’s market, peppered with lockdown restrictions and sudden announcements, many buyers are acting impulsively, and some are acting irrationallly. Whether it be time constraints, a huge dose of FOMO, or sheer fatigue, buying a property deserves a thoughtful approach. More now than ever before, we’ve seen and heard of some impractical…
Paying the deposit
As well understood as a deposit is, it’s not uncommon for deposit payments to be a cause of confusion, (and sometimes concern). As with any significant commercial transaction, any executed contract must be accompanied by a consideration. A consideration is merely a part payment, (usually a small portion of the desired deposit payment). In previous…
Real Estate and Behavioural Economics
I recently listened to Professor Richard Thaler speak on the ABC about his work in the field of economics. In 2017, Thaler was awarded a Nobel prize in his field for his work on Behavioural Economics and his work has been instrumental in government policy, retail, health, and many other applications. What intrigued me when…
Right-sizing… doing it right
We often work with down-sizers… empty nesters… or more commonly termed “right-sizers”. Typically this demographic is older, the kids have moved out long ago and their focus is on lifestyle. Specifically, they are determined to introduce more convenience, less maintenance and increased pedestrian amenity to their life. The term “right-sizer” refers to a growing number…
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