Many articles have been written about buying properties off the plan. Most are critical of this approach to buying and conclude that the numbers simply don’t add up. However, as with all investments, there are pros and cons which warrant a balanced analysis based on your own personal circumstances. Developers sell off the plan because […]
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Buyer’s remorse
Have you ever purchased something (usually a big ticket item) and then feel a twinge of regret? If so, what you are experiencing is quite normal and it’s called ‘buyer’s remorse’. Although excited at the time of the purchase, once they’ve spent a lot of money, many people feel a deep regret and concern that […]
Top 10 Mistakes Property Sellers Make
Once you have made the decision to sell your property, the next step is to determine whether you wish to hire a real estate agent to act on your behalf. An increasing number of sellers are choosing to go the ‘DIY’ route, also known as ‘For Sale By Owner’. Both approaches have merits and require […]
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 […]
A tiered market
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 […]