46 blog posts Filter

The Agent's Dilemma

December 9, 2017

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Developers eye modernist Box Hill South home with no heritage protection <- Click Link An agent is appointed by their client to achieve the best result (or price) in almost all instances. This may result in properties with some history or story, being sold for development if developers are prepared to pay more for the […]

What to Make of a Market Where 1 in 3 Auctions Fail

December 2, 2017

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Slipping Melbourne clearance rate trend tipped to continue People are funny creatures. If others are buying, we want to buy too (read Bitcoin) but if prices slow down or stop, well maybe we should wait as well. We fear missing out but also, maybe, just maybe, others know something we don’t… Guess what? Generally they […]

Underquoting is Alive and Well

November 24, 2017

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Underquoting complaints soar amid Victorian government crackdown It seems that the Victorian Government is about to launch a marketing campaign claiming that Underquoting is finished; dealt with. It isn’t. The ranges quoted from some agents are quite clearly too low. It’s fairly easy to monitor the range quoted from an agent that has a few […]

The News You Might Have Missed

November 18, 2017

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Foreign owners to be taxed for Australian homes empty for more than six months Whilst swept away by other decisions made this week, Government legislation to permit taxing of empty homes and also to disallow tax depreciation for existing homes was passed in the Senate. This is fairly important news for both investors, foreign owners […]

The Wind Has Changed

November 11, 2017

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Whilst there has been a gradual change in the mood in the property market happening for months, the recent abrupt halt in the Sydney market has brought the mainstream media spotlight onto the change. The good news is that conditions have improved for 1st home-buyers. Right back at budget time, the changes brought in to […]

Change IS Coming

October 28, 2017

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5 Trends That Will Impact Real Estate In The Future It’s human nature to think that because things have happened or operated a certain way in the past, they will largely continue to work that way. Twenty years ago, Google (or Alphabet) didn’t exist; and not a long time before that, the internet didn’t exist. […]

Purple Tricks (and other Misleading Promises)

October 20, 2017

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http://www.telegraph.co.uk/business/2017/08/03/purplebricks-apologises-repeating-banned-claims-share-price/ It seems that many companies today believe that if you throw enough advertising at the public, they will eventually believe you because they’ve heard it so often. And lets face it, elections have been won based on this philosophy in quite recent memory (Fake News etc. etc). So clearly there is some solid basis […]

Tenants & Landlords - What is Fair?

October 14, 2017

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Is this really ‘Fairer Safer Housing’? Changes to tenancy laws have been announced for Victoria (see the link below). They have been heavily criticized by the Real Estate Institute and praised by the Tenants Union. It seems fairly clear that the proposed changes have been fairly heavily influenced by what promises to be a bitter […]

Higher for Longer - The Melbourne Mystery

October 6, 2017

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Sydney, Melbourne property markets holding up ‘stronger than we thought’, says ANZ A confession: At the beginning of this year, we expected a modest year of growth in Melbourne property values. A number of mildly concerning factors were on the horizon, which we expected to subdue growth. As the year progressed, there were the usual […]

How to be Divisive

October 2, 2017

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Simply start by stating an opinion as fact and then don’t listen to any argument to the contrary. Oh, it will also help if you actually attack the person that dares have a different opinion; maybe also belittle them for their stupidity and ignorance. After travelling abroad for the last 3 weeks, with time to […]

The Bank of Mum & Dad

September 15, 2017

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Victorian parents to the rescue in ‘broken’ property market Recent research shows how huge the input has become from parents assisting their children to buy their first property. Financial comparison site mozo.com.au asserts that 29% of parents contribute financially by way of either loaning part of the deposit, guaranteeing the loan or providing rent free […]

Why Agents Lie

September 8, 2017

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The Dreaded Call: “We have decided to appoint another agent but thank you for your time.” “Thank you for letting me know. May I ask why you chose the other agent?” “We thought you were really professional and it was a difficult decision but the other agent thought they could get us a better price […]

Outperforming the Average

August 26, 2017

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Middle-ring suburbs in Melbourne’s east lead decade of property price growth The almost constant growth in values in Melbourne property continues to spark much debate and commentary. Over the 10 years to 2016, values increased by 84% on average. But included in the 30 or so suburbs that approximately doubled this figure are the suburbs […]

The Market is a'changin

August 19, 2017

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That whoosh? It’s the Great Chinese Property Pullback Whilst the accompanying article is mainly addressing commercial transactions, the simple fact is that it is getting harder for Chinese buyers to move money out of China. So why should we care? Because it has a direct impact here on our local residential market. In the Eastern […]

Free Tax Advice

August 16, 2017

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We are offering a free tax advice book to our readers, although we only have a limited number of copies. Please ring the office on 9831 9831 if you would like a copy forwarded out to you or if you would like to collect one. But be quick!

The King is Dead

August 11, 2017

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This week, we will have lots of news stories about the death of Elvis Presley 40 years ago. It was one of those shock moments, like the death of Princess Diana, when everyone can remember where they were and what they were doing. I remember it and how long ago it was, because, as a […]

Brand Doesn't Always Equal Integrity

August 5, 2017

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Agent Probed for Underquoting Can you pick the common factor amongst these real estate brands? Barry Plant; Harcourts; Stockdale & Leggo; Hocking Stuart; LJ Hooker. Agencies within these networks have all plead guilty recently in Victoria to misleading and deceptive conduct or theft from Trust Accounts. Consumer Affairs Victoria has also begun Federal Court proceedings […]

Fraud & Punishment

July 29, 2017

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Regrettably, wherever large sums of money are involved, liars, thieves and con artists are attracted. Whether rent payments or deposits on a sale, real estate agents are required to keep money received in Trust Accounts. These bank accounts frequently have millions of dollars in them. For some, the temptation is just too much to resist. […]

When Confidential is not Confidential

July 22, 2017

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Undisclosed sales overridden by Victoria’s underquoting laws What is the right balance between an owners right to not disclose the sale price of their property and the public’s right to know what real values are for their area of interest? This can be debated and opinions will likely be quite subjective, depending on whether you […]

Is Now the Time to Buy or Sell?

July 18, 2017

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Housing market ‘powder keg’ could blow if interest rates rise On the one hand, last week’s auction clearance rate jumped back up to (79%, which even after adjusting for the rubbery figures is above 70%) and on the other, there is a growing consensus that the property cycle is turning. So what to make of […]