There are few topics where property analysts and media commentators agree. However, there is no dispute that 2013 was a blistering year for property. In December, we were seeing signs that the market was cooling a little. Properties were still selling, but prices were not as outrageous and bidders at Auctions were not as bullish. […]
The Challenges of Buying and Selling Premium Properties
There is a common misperception amongst many property buyers that the higher the budget, the easier it is to find a property. What I have learnt from years of being a Buyers’ Agent is that no one’s budget is ever enough. Those with a budget of $800,000 wish they had $850,000. Likewise, those with $4 million seem […]
Understanding Chinese property buyers and sellers
It’s not news to anyone that there has been a constant increase in the number of Chinese property buyers and sellers in Australia, particularly in metro city areas. In light of the Chinese lunar New Year, I find it timely to take a look at some of the taste and behaviour idiosyncrasies of this significant […]
Spring property market: Fears, Facts and Focus
With so many contradictions in the media about the state of the property market, it can be confusing to filter facts from fears. One day the market is close to collapse. Another day it is flat but showing some positive signs of recovery. New data and statistics are being released every week, and experts scramble […]
North Shore Agents ‘cautiously optimistic’
Saturday marked the opening of the spring property season – even though technically we are still a few days away from spring. With school holidays generally starting on the 24th of September, properties earmarked for Auction with a standard 4 week Auction marketing campaigns either launched this past weekend or will launch next Saturday. This past […]
The Block Unravelled
Over 3 million viewers tuned in on Sunday night to watch the finale of The Block 2011, a renovation show pitting four couples against one another. Prior to the finale, Josh and Jenna seemed to be the favourites to win with 37 Cameron Street. And when they got to choose to be first off the […]
Winter Property Update
The property market has weakened in 2011 with RP Data figures showing a quarterly decline of 2.2% nationally for the March quarter. For Sydney we registered a decline of 1.1%. More specifically, Sydney auction clearance rates have hovered around the 52-58% mark in the past few months. Selling & buying Properties are still selling. It […]
Are you getting the real deal?
We recently came across an e-newsletter from an agent who works at a reputable, nation-wide real estate franchise. In this e-newsletter, the sales agency was introducing its free homefinder service (which is increasingly being offered by other sales agencies also). The agency claims to offer the services of their 2 full time home finders: “All they do is […]
How to find tomorrow’s top performers at yesterday’s prices
Below is an extract from an article in which Oliver J. Stier (OH Property Group’s Director) discusses how to find good value in today’s property market. The article was published in April 2011 edition of Your Investment Property magazine. Australia’s property markets have undergone a transformation in recent months. No longer are large numbers of buyers clamouring to compete at […]
Market confidence is back
March 5 was a busy day for Auctions. My colleagues and I were at 9 Auctions on Saturday. 5 properties were sold under the hammer. 1 was sold immediately after Auction, and 3 were passed in. Now that autumn is officially here, it seems as though the market has finally woken up after a long […]