Blogs

Rebound or Recoil - What is really happening in the property market?

If it were easy to pick the bottom of the market, there would be no bottom. People would all be waiting to purchase all at the same time, there would be a spike in competition and an upwards pressure on prices; no more dip, no more bottom of the market.  The opposite is also true; if it were easy to pick the peak of the market, sellers would all be waiting until the same time to sell, this would lead to a huge dump of supply all at the same time, and there you go: no more peak.

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What JobMaker, JobTrainer and the ‘Eyewatering Deficit’ mean for Real Estate

The Federal Budget has been announced, and as economists, accountants and business owners across the country pour over as much of it as they can, we thought we would provide a summary, including how the budget affects us in Real Estate. Here are some key early take-aways, and some commentary on what this means for Australians and in Property.

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Real Estate Reopens for the Rebound

Category: Buying, Landlords, Selling

In an exciting week for buyers, sellers and agents alike, several key announcements were made by the State Government which ease restrictions and allow the industry to get the gears turning. Importantly, Private Inspections and those appointments required for the marketing of a property for lease and sale are now allowed.  

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Melbourne Metro Update

Since the second wave of the COVID-19 pandemic, the uncertainty in the property market has been growing. It’s suggested, without the help of government stimulus packages and mortgage deferrals, home owners will struggle to pay their mortgage repayments and bargains will soon be able to be found.

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How To Best Present Your Property

The events of 2020 have re-shaped how many of us live and how we use our homes. With multiple family members under the one roof needing to find space to study, work, play (or hide!), it seems the need for flexible spaces has never been so pressing. 

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Planning On Renovating

Category: Buying, Landlords, Selling

A new renovation calculator launched by Suncorp, and powered by CoreLogic, is helping keen renovators to estimate the cost of home renovations, according to the room and renovation type being considered.

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Investment Update

With the outbreak of COVID-19, Melbourne’s rental market saw a huge hit to rents, as landlords were forced to give their tenants rental reductions to combat the financial stress of the pandemic, with house prices in Inner Melbourne reduced by $40 per week, and units $35 per week over the June quarter, giving units the first annual fall in 15 years.

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Inner City Melbourne Eagerly Awaits Market Re-Opening

Following a buoyant start to the year in the inner Melbourne property market, COVID-19 halted the momentum. With limited opportunities to transact, buyers and vendors have been forced to retreat and wait for the market to re-open with the easing of the inspection bans.

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Busy Spring Market To Fire Up To Christmas

It’s been a time of adaption and resilience as the real estate industry has risen to the challenge of operating in a COVID-safe manner. While Victoria’s Stage 4 restrictions have temporarily placed the market in a holding pattern, there’s been one constant throughout the year - strong buyer demand.

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