What do you do if you’re keen to buy a property at auction but it is passed in? Sure our property markets are picking up, but around 30% of properties put to auction still don’t sell on the day, so how do you handle the situation? When a property passes in, the highest bidder is generally…
Want to discover the tricks some sellers use when marketing a flawed property and learn the simple detection methods that expose their sneaky cover-ups? Well…before listing a property for sale, it’s not unusual for a seller to give the home a fresh coat of paint, maybe rearrange the furniture, lay down a nice rug and…
Australia’s property downturn is now over, and while prices are slowly rising we’re not going to experience a property boom with soaring prices any time soon, which means there are more property investors than ever looking at ways to actively increase the value of their property portfolio. Any wise investor knows that sitting on your…
What type of dwelling will be in continuous strong demand in the future? As the housing markets in major cities throughout Australia progress and develop, it is crucial to recognize that the past constructions in terms of dwelling types and locations may not align with the future requirements for housing. Charter Keck Kramer explored the…
How much do Australians love to renovate their homes? Well, according to Compare Market Australia’s latest research, Australia had the third-highest search volume for renovation terms, with an overall search term volume of 55.32 searches per month per 100,000 people. Additionally, Australia topped the list for bedroom and laundry renovation queries. Ahead of Australia were…
As a property developer, I choose the suburbs where I undertake developments very carefully. By the way, those planning to undertake a development to sell at a profit should look for very different criteria than those planning to hold the completed development as a long-term investment. Let’s look at a few of these… Local Due Diligence…
The Federal Labor government made a bold pledge to build one million new homes in five years as part of their housing accord last October. As Treasurer Jim Chalmers unveiled the ambitious plan, many applauded the effort to address Australia’s rental crisis and housing shortage. However, with the housing industry warning that high-interest rates and…
There are potentially big profits to be made when renovating. But, it’s not always smooth sailing for those trying to manufacture a profit through a property refresh. You see…while renovating a property can be an exciting time, it also comes with a number of risks that you’ll need to consider. From damage to the property…
Although Australia ranks as the sixth largest country globally, its population density is just 3.3 individuals per square kilometre, making it one of the least densely populated countries in the world. Despite the vast land area available, the majority of the population clusters along the eastern seaboard and prefers living in smaller properties near major…
The housing market has been hit hard by a series of cash rate increases, with new home sales plummeting as buyers struggle to afford the higher borrowing costs. In fact, according to HIA’s Chief Economist, Tim Reardon, “sales of new homes fell again in January, down by 12.8 per cent for the month, leaving sales…
