Australians looking to buy a property will now need to save as much as $65K more than 5 years ago as booming house prices hiked up how much buyers need to front up in order to buy their dream home. Australia’s property market defied the many doomsday forecasts and moved through the bottom of the…
With our property markets bounding along nicely many first-home buyers are wondering if now is a good time to get a foot on the property ladder. I’m not sure what they’re waiting for; property prices won’t get any cheaper. You know what they say… The best time to get into the property market was 20…
You might be surprised to learn that wrangling a couple of little monsters and working in real estate have an awful lot in common. With their unique set of experience and skills, it’s no wonder real estate agents make fantastic parents! And it’s not just because they’ll be able to help their kids get into…
You’ve just made an offer on your new home or your next investment property and it’s been accepted. That’s great news, but what actually comes with the property when you settle? Is it everything that you saw when you inspected the property? Clearly not – some of the items in the property belonged to the…
Ever been to an auction where the property sold for hundreds of thousands of dollars above what the agent had quoted? I certainly have and I know many disappointed prospective buyers who have missed out at auction by being misled by agents’ quoted price ranges. Just to make things clear…the practice of underquoting is where…
It’s such a disheartening scenario. After weeks or even months of open homes, with strangers traipsing through your property every Saturday, and spending hours on the phone with your selling agent – you don’t get a single bite. It’s hard not to get despondent and feel like it was all for naught. You had high…
It seems that green homes are easier to sell, according to Domain’s annual Sustainability in Property Report. Data from the report reveals that energy-efficient homes receive more attention from buyers nationwide, resulting in quicker sales compared to their non-energy-efficient counterparts (see Table 1). Table 1 shows the difference in how long it takes to sell…
Victoria has become Australia’s second-most popular state for international buyers and tenants eyeing a move to the lucky country last month. New figures from PropTrack show that offshore demand for rentals is currently 32% above historical norms, with increasing interest coming from the UK, New Zealand, and China. Only New South Wales had higher demand…
Some of the biggest mansions in Australia are fetching record prices as it becomes clear that demand for luxurious homes in Australia is far outpacing supply. And it’s not surprising given that the number of ultra high net worth (UHNW) individuals in Australia is surging, with many of the world’s richest drawn in by our…
From investors to first-home buyers, buying a property can be an exciting time. But it can also be riddled with fear and uncertainty, especially in a market like the one right now where there is uncertainty about interest rates and the supply of property is scarce. Having helped many home buyer clients at Metropole I…
