Many people dream of buying a beach house - now may be the time to take another look at fulfilling that dream.
The absence of investors from the residential market means that anyone selling a rental property should be targeting owner-occupiers.
The media is making much of borrowers coming off low fixed rate loans (of 2%) causing a tsunami of forced property sales.
Will this occur?
Having managed property sales for vendors since 2004, we have seen many different approaches to selling property – some work and some don’t.
I thought I would share four common mistakes we have seen.
Many of us tend to procrastinate about making the move to downsize, but if you are over 55, now there is an additional reason to act.
Part of our service is to help people move house as seamlessly as possible by removing the many barriers to downsizing.
My Grandpa used to claim he could teach a parrot economics - it just has to learn 'supply and demand' he would say.
That can also apply to property values - greater demand leads to higher prices and excess supply means lower prices.
Our ‘rule of thumb’ is that for every dollar spent on presenting a property for sale, three dollars should be added to the property value. But what does that mean and why ‘3-times’?
Rob spoke with Greg Bowring, Sales Manager & Auctioneer at Woodards Real Estate for his advice to vendors in a falling property market. The property market is now a buyers market, with purchasers wary of overpaying for property, with many holding back to see how far prices will fall in the post-covid fomo madness.
What should a vendor do to ensure they achieve the best sale price for their property and are not left to chase the market down?
Following a massive rise of over 20% in Melbourne House Prices last year, there is a lot of negative talk in the press about why property prices will fall. Reasons include higher interest rates, cost of living rises, low wage growth, the Ukraine war, supply chain problems, China etc. etc.
To get some perspective, it’s good to hear what real estate agents from different areas are saying about the current property market. After all, they are dealing with buyers and sellers every day and have a good idea of exactly what is happening locally.
I have spoken to two agents in suburban Melbourne. One operates in the southeast of Melbourne covering Chadstone, Clayton, Mount Waverley and Wheelers Hill areas. The other is based in bayside Brighton.
I interviewed three estate agents in different areas of Melbourne – to get an idea of where they see the residential property market today, and how it is likely to unfold over the next six months.
You may think it's all too hard to even commence to sell your property with our hard and sharp lockdowns, and prefer to wait until they are over.
Although we don't recommend selling your property in a hard lockdown, it is possible to start the sale process, so as the lockdown eases, you will be in a position to move quickly with the sale. It just takes some planning and working within the restrictions.
This week, Tower Director Robert Allanadale spoke with Jason Hearn, a Director at Woodard’s in Camberwell, to get his views on where property prices are heading in the Boroondara area, and what could cause the market to stumble.
Home values increased to record highs in January, as the economy recovers and vendors are incentivised to return to the market.
2020 has thrown a major curveball to say the least; property markets have certainly not been immune to the effects of COVID-19 - but does anyone really know what is going to happen in 2021?
Director, Robert Allanadale takes a look at ‘The Pandemonic Property Crash that wasn’t’.
There is much discussion around what property prices may do due to COVID. Whilst residential house prices seem to be holding, the same may not be true for apartments, especially those in the CBD. Director, Robert Allanadale has had a look at the factors affecting this market and asks ‘is it time to buy a CBD apartment’?
So what impact did the stockmarket crash and COVID-19 have on property? Director, Robert Allandale, in his blog back in March, had a look at the possible impacts. How did it all match up?
In another installment of ‘What the Agents are saying’, Rob looks at what the impact of COVID-19 continues to play, and what the latest changes mean to vendors, agents and purchasers.
Domain Advice Editor, Daniel Butkovic, spoke with Tower Property Director, Robert Allanadale, about selling amid the current COVID-19 climate…
Stage 4 restrictions in Melbourne have impacted every industry - Rob has had a closer look into what challenges are facing the real estate industry - and what a vendor can do about it.