The cost of building a new home continues to soar! CoreLogic’s Cordell Construction Cost Index (CCCI) for Quarter 3 of 2022 showed national residential construction costs increased at a record rate in the year to September 2022, the highest annual growth rate, excluding the period impacted by the introduction of the GST (10.2% over the…
Buyers are in an excellent position when it comes to negotiating a private treaty sale – but what about properties for sale by auction? Should you wait patiently until the big day, fingers crossed and ready to bid? Or should you take the plunge and make a pre-auction offer, in the hope that you’ll save…
I know that many property investors are a little intimidated by the thought of bidding for a property at auction. I can understand why because auctions are an emotional and exciting event. And even after bidding at hundreds and hundreds of auctions, I must admit I still get that surge of adrenaline every time I…
It happens every year. The TV show “The Block” inspires a new wave of investors keen to get involved in renovating and “flipping’ properties. Just to make things clear “flipping” is where you purchase a property and then sell it within a short period of time for a higher price, usually having added value…
When a purchaser gets involved in negotiating for a property they’ve fallen in love with, emotions can rule logic. It’s easy to get caught in the moment and end up paying more than you perhaps should. As either a home buyer or a property investor, it’s critical not to get carried away by your emotions,…
When you buy or sell your house or an investment property, there is an unexpected surprise that is thrown in for free. It’s called buyer’s or seller’s remorse. Call it a lingering feeling, but it can throw shadows of self-doubt which drag down the overwhelming relief and excitement of making a brilliant purchase or sale….
High property prices and increased cost of land have seen demand for new-build duplexes and townhouses explode in Sydney, according to recent Australian Bureau of Statistics (ABS) data. Property prices have steadily increased over the past decade, before soaring during the past 2 years amid the pandemic lockdown. As Australia’s population expands and our suburbs…
All investors know that location is one of the most critical components of any successful property investment. When long-term capital growth is the sought-after reward at the end of the real estate rainbow (as it always should be), it is vital that you not only find the best possible property but the best possible position. In…
As Australia’s property market continues to cool across the nation, more and more properties are not meeting the vendor’s reserve price, so the property is then “passed in.” Auction clearance rates have fallen from the 80% range achieved during last year’s boom to hover closer to 50% or even lower, leaving some homes taking longer…
Site sizes for new build properties have shrunk 13% over the past decade across the five major Aussie capitals, while house sizes remain unchanged. Data from the Australian Bureau of Statistics (ABS) shows that the average site area of new house approvals decreased considerably over the last 10 calendar years, by 64 square metres (-13%),…
