Auction results were still patchy in Sydney this past weekend. There are definitely buyers out there and many agents have been reporting good numbers at Opens. Clearance for last Saturday actually stood at 65% (well up from late-2010 and early-2011 numbers); but we are seeing most of the transactions in the lower price brackets (and […]
5 Top Tips for buying and selling in the current market
In a changing market, buyers and sellers both need to adjust their strategies in order to be successful. The following are our Top 5 Tips for buying and selling in the current market. While this advice is relevant at any time, it is especially pertinent right now. 5 Top Tips for Buyers Do your homework. […]
2011 off to a patchy start
Today is the first ‘full’ day of Auctions for 2011. There were of course Auctions in the past couple of weeks as well, however those properties would not have had the benefit of a full 4 weeks marketing campaign which is the norm. I was at 8 Auctions today across 5 suburbs in Sydney: 3 sold […]
The importance of pricing correctly
As Buyers’ Agents, we regularly receive emails about properties for sale both from private sellers as well as from selling agents. Over 6 months ago, we received such an email from an out-of-town agent about a house for sale in the Northern Districts of Sydney. According to the agent: “The feedback and comparisons indicate 1.3 to […]
Imagine it empty
Property styling or ‘staging’ is an increasingly common occurrence these days. For those not familiar with this concept, this is basically when a seller pays a professional to ‘pretty up’ the property ready to be put on the market. This styling or staging often involves the following: de-cluttering re-painting the house a neutral colour palette […]
Prime land always an attraction
A clue that a house is probably beyond salvage is when the online ad only has 1 picture of the front or the back of the property. Such was the case for 15 Woodside Avenue in Lindfield on Sydney’s Upper North Shore. This 2 bedroom full brick house on 887 m2 of land and only […]
Breathtaking views… at a breathtaking price!
On Saturday, a 1 bedroom / 1 bathroom unit with no parking was sold at McMahons Point for $715,000. The living area had spectacular views of the water and the bedroom also had views – of the Harbour Bridge. The complex of only 6 Units is on waterfront with ownership of a jetty as well. […]
Young home buyers out in force
As real estate agents, we are always asked how the property market is doing. Unfortunately, there is never one single answer that covers all of Sydney. The most accurate answer we can give is that “it depends”. The property market is travelling at a different pace across different suburbs and also across different price brackets. […]
State of Play
We’ve seen a marked shift in the residential property market over the last 6 weeks. The exuberance and excitement that we saw in the year leading up to May 2010 has definitely faded. Sydney auction clearance rates hit 80% in May and by June, many Sydney suburbs had seen 15-20% gains since August 2009. In […]
Interesting facts about real estate in other countries
We always find it interesting to compare and contrast real estate markets in different parts of the world. While the Australian property market generally functions well, there are still things which we can learn from others – both in terms of our strengths and weaknesses. In this blog, we take a little ‘tour’ of real […]