39 blog posts Filter

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 […]

Good Agents Love Cheap Disruptors

July 7, 2017

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Or even cheap competitors for that matter. Whether it’s the latest company to “change the industry” (eg Purplebricks or the myriad self-sell companies) or another pop-up agency (typically Chinese), they offer no real threat to the real estate industry. Of course there are always a small percentage of people who will only ever make a […]

Nil All Draw - Investors v 1st Home Buyers

June 30, 2017

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Prices will rise for Victorian first-home buyers following stamp duty cut, experts say The really disappointing thing about the stamp duty cuts coming in from 1st July is that there is likely to be an increase in prices by at least the amount of savings for first home buyers. Buying a $600,000 property will cost […]

The Beginning of the End (Or What Goes Up Must Go Down)

June 24, 2017

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Are Chinese investors turning their backs on Australia after the foreign buyer tax hike? The property market is cooling. As detailed in last week’s post, it is unlikely to fall out of bed. Whilst debate rages over the impact of foreign buyers on our property market, their participation has a clear influence at the coal-face […]

No, the Sky Isn't Falling

June 17, 2017

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Doom and gloom: Property market scaremongers need to pipe down There has recently been another round of news headlines about the imminent collapse of property prices in Australia. These have been based on the opinions of local newspaper commentators, visiting economists and even University professors. And there is a genuine cause for concern if the […]

The Master Teaches Patience

May 30, 2017

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Warren Buffett on the biggest thing about making money Many invest in property to secure assets for retirement. So what is the key to successful investment? Well, there is no better teacher than the great Warren Buffet when it comes to investment. Whilst he has built his extraordinary fortune in shares, it is worth visiting […]

A Clever Type of Deception

May 24, 2017

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The best form of con is when the person taken advantage of has no idea that it has taken place. Some around my age might remember this as the theme behind the movie “The Sting”. Well just consider for a moment the much hyped success of auctions. Currently running at close to an 80% published […]

No Budget Silver Bullet for Property

May 12, 2017

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Federal budget 2017 lacks the silver bullet needed to slay Australia’s housing vampire Direct action was taken to improve housing affordability in Tuesday’s budget and this included further measures to level the playing field for local buyers competing with foreign buyers. This included a $5,000 annual tax (minimum) for foreign buyers who leave their property […]