To buy or not to buy- That is the question.
If there is a question I am asked more than any other in real estate, its “is it a good time to buy?”. The answer to that question is simple. Real estate success, which most people see as owning something worth more than you paid for it, is generally ...
One little change can shift the market 180 degrees, and it’s on!
Over the course of the last two months the real estate market In Melbourne and surrounding suburbs has been pretty much in a holding pattern due to the restrictions in trade placed upon our industry, (and nearly everyone else’s) due to the Corona Virus....
The New Underquoting
Noticed the number of listings starting to come on line now that are fixed price? An agency will list a property at a fixed price online or send you an email with an “off line” listing that is supposedly ready to go without the need for an auction and...
Bullying to bid… how about no!
Sunday afternoon saw us at auction again in an outer south eastern suburb of Melbourne. It was an interesting auction right off the bat to be honest as there were no fewer than 8 Agents and representatives at the auction, which had to just about be the wh...
How much is too much?
We took a bit of a beating this weekend, and last weekend, which tells me that the market is still firing on all cylinders in Melbourne. (1162 Auctions- 77% clearance weekend 30 April -2016) What do I mean by a beating? When a property is on the market fo...
Getting what you wish for
Lots of noise recently around under quoting in the market. Most of the agents I speak to recently tell me that the relevant agencies that enforce real estate legislation are randomly walking in and checking on them to ensure things are listed correctly. T...
Not a rant, just a question
Why? Why is it deemed normal operating procedure for someone selling a property to have professional real estate representation, a slick marketing campaign, an advantage in having an experienced team on side, yet the buyer is left to “go it alone”? Fo...
Under quoting, over quoting and the whole quoting debacle:
There was a ruling this week at VCAT regarding the whole under quoting issue that seems to be plaguing the real estate business in Victoria at the moment. In short it’s now a requirement for an agent to present 3 comparable sales in the area and to take...
Here comes the meltdown…again…no seriously….
Watching 60 minutes last night I saw their spot on the imminent housing crisis crash that was coming our way circa 30% fall). The key indicator for this pending bust was the huge retraction in prices of homes in Moranbah, Queensland, which is where exac...
The what, the where, but never the how.
Existing as part of the real estate industry is what I like to call the “wealth creation industry”. These are the guys and girls that talk about the next boom suburb, off the plan opportunities or buying, renovating and then flipping for profit. They ...