Twelve things most people don’t know about buying property
There are many quirks and surprising elements to property purchasing. Here are just twelve things that most people don’t know about.
How is Geelong looking?
Geelong has experienced an incredible transformation over the decades. Once an industrial town, known for manufacturing and in particular, the Ford plant. The challenges Geelong faced during some tough times, (such as the Pyramid Building Society collapse and the Ford plant closure) had some suggesting that this regional city’s capital growth prospects were questionable. But…
Spotting a dodgy off-market
Buyers have become trained to ask for off-markets, putting an unwarranted value on them. They do this in the hope that they’re getting access to something secret and undervalued. But what happens if the property isn’t a secret, and isn’t good value?
How could stage three tax cuts influence the Melbourne property market?
Despite opinion about the stage three tax cut, we have to consider how it could impact our property market. Like all cash incentives and net cashflow hikes, markets do get impacted.
Your top five!
As the year draws to a close, I reflect on the many changes to housing that have resulted since the pandemic. This past eighteen months has also thrown us many challenges as we grapple with the impact of inflationary pressures on our lives. The Reserve Bank’s cash rate hikes have played their part too, as…
What features will buyers break records for?
Yesterday I received a call from a great journalist. He was covering Melbourne’s auction results and asked me to weigh in on a significant result in Brunswick East. The house reportedly sold for some one million dollars above reserve. Once I checked the listing, this record-breaking figure for its land size was no shock to…
Dummy bidding
I remember when this practise was ruled out by new legislation. Much of 2002 and 2003’s newsfeed covered the reasons for the crackdown, including citing fines for those caught dummy bidding (or arranging dummy bidders). Agents wondered how the declaration of “vendor bid” would impact auctions, and at the time I recall a broad commitment…
Corner sites… good or bad?
I get asked this question a lot. In fact, one of my students asked me specifically how a corner site compared to a regular site when we were conducting comparable sales analysis in class. The answer is… it depends. A corner site has it’s challenges, but it has pro’s too. It all depends on the…
What does 2024 look like?
As the selling season approaches it’s close for year, what can we anticipate in 2024?
Can we believe all the economists’ predictions?
For decades, economists’ predictions have hit the newsfeeds and influenced forecasting, opinion and buyer/seller behaviour. But how often do they get it right? Over the last twenty years in particular, (a familiar time for many of us as property investors), we have watched the negative news headlines come in waves throughout the post-Keating era, The…
Investment properties aren’t all selling to first home buyers
We’ve all been hearing about the rental crisis. A depleted supply of rental properties is not meeting current demand. Queues for newly advertised rental properties are long, often wrapping around blocks. Rents have been rising aggressively since the pandemic, and unfortunately it doesn’t look like the situation will improve for a very long time. Several…
How do you know if it’s a *good* off-market?
I’ve written about off-markets plenty of times, and in particular, the allure of off-markets. After all, many buyers think that a buyers agent is a ticket to a train of great off-market properties. The reality is, not all off-markets are good. In fact, right now, most are poor quality. From mirage off-markets that ultimately run…
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