Who is buying property during COVID-19?
There is no doubt about it. Buyer’s Agents are finding that a significant portion of their current clients are opting to put their search on hold, but not all clients are doing so. In fact, roughly half of our clients have been clear that their purchase strategy and timeframe stay on course as per their…
Property update snapshot
This would be my latest Sunday blog ever. It’s 10pm. I don’t think I’ve ever worked continuously through a weekend like I have this weekend. It’s been utterly strange. From last minute boardroom auction notifications to urgent agent calls, alerting me to a property selling, weekend solicitor reviews and hurried second inspections, buyer behaviour has…
COVID-19 and the Property Market: #choosewhoyoulistento
We’ve had many clients, past clients, industry colleagues and consumers reaching out to us to ask about our current market experiences and our thoughts on how this COVID-19 pandemic could impact the property market. None of us know how long this will last, but what we do know is that our RBA has taken unprecedented…
How is COVID19 impacting property?
Last month started with a lot of reports from China. News of quarantining, cities being shut down and talk about where this virus originated. One month later, it was in our country, spreading around Europe, Iran and South Korea at pace, but still not really at the forefront of most Aussie’s minds. When our supermarket…
What value do Buyers Agents deliver?
We are often asked the question, “will I recoup the fee I pay from your negotiating power?” The answer is, “maybe, but not necessarily.” It is almost impossible to measure. We can’t simulate the same negotiation again with a DIY negotiator as the variable. Consumers seek the services of a Buyers Agent for multiple reasons,…
Timing the Market
Now that Melbourne’s dismal property market downturn is behind us and auction clearance rates have struck 80%, many property pundits are contemplating their missed opportunity and feeling despondent about the fact that they could have, (-but didn’t) purchase an investment property in the pre-election, buyer’s market conditions. Taking this property as a case in point; past clients…
The measure of a good property manager
The importance of selecting a great property manager can’t be understated. We adopt a seven step process with our investor clients, and the interviewing, selection and matching of a great property manager is one of our seven steps. Our team even consists of a dedicated Post-Sales Advocate to fulfil this important selection and introduction. Being…
Land Tax
Nobody likes it. Plenty of investors don’t understand it. There is often some degree of controversy around it, and the rules are quite confusing. So how do we navigate land tax? Land tax is a state-based tax, not a federal tax. All of the states have varying tax rates and tax thresholds*, with the Northern…
Defining effective auction bidding?
The number of people I’ve met who believe that auction success is solely based on budget is numerous. Plenty of buyers believe that bidding style has zero impact on their chances of success. What they misunderstand is two-fold. Firstly, they are assuming that every other potential bidder is resistant to any sense of fear, intimidation,…
Solar panels: valuable
These days we inspect plenty of properties with retro-fitted solar panels and inverter controls. Since the introduction of government initiatives, (both State Government means-tested and Federal incentives), we’ve witnessed a strong uptake in solar energy adoption. Just over two million households, or 21 per cent of Australian households have solar panels. While most solar panel…
When lack of planning creates an emergency
I remember years ago, hearing a conveyancer say, “and I had to be firm. I told the caller that their lack of planning was not going to be my emergency.” What was she talking about? She had a prospective client decide to purchase at auction without a contract review, and it wasn’t until the contract…
The Tomato Tip
This blog comes all the way from sunny Hanoi in Vietnam, a beautiful place I’ve chosen to recharge my batteries in with my family during the summer break. Arriving in a new country comes with its surprises and the little tips I’ve picked up from locals during my stay has reminded me of some of…
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