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Posts Tagged ‘Real Estate’

Market Update

The Domain Group reports that Melbourne property listings are running at about five per cent below the stock levels of 2017 so far this year. Buyers have had less choice throughout the cooler Winter months, particularly during the school holiday period.

Despite a tightening of supply, buyers have been wary of paying too much for property and in many cases are constrained on what they can spend due to the widening clampdown on mortgage lending. This has been illustrated by lower auction clearance rates compared to last year and relatively lower levels of enquiry. So if you are considering buying, now is your opportunity. We have seen real estate circles like this before (2008/2011), where buyers have tried to pick the bottom of the market and outsmart themselves. Particularly if you are upsizing on your property, now is the best climate to take action.

Low interest rates, strong employment growth and strong population growth continue to be a positive foundation for the housing market. AMP chief economist Shane Oliver believes that some parts of the Melbourne market may hold up better than others going into 2019. Melbourne’s outer perimeter, for example, continues to grow. The REIV reports that the median prices for both houses and units have risen over 10.5 per cent from a year ago.

REIV President, Richard Simpson notes that, “auctions continue to be popular all over Melbourne, but clearance rates have fallen from the lofty highs of early 2017. Negative chatter about the future of the sector coupled with stronger lending controls by financial institutions has created some uncertainty and vendors need to be realistic with their price expectations”.

This is an important reminder, particularly as we should see an increase in stock levels in late Winter and as we move into the peak Spring selling season. If you would like a complimentary appraisal of your home or simply wish to chat about the market, give me a call on 0403 020 404.

38 Questions…

February 7, 2018 Leave a comment

I recently invited some of the Fletchers team along to an open for inspection where they asked me questions to get to know me better…38 to be precise!

5 David Street, Surrey Hills

February 5, 2018 Leave a comment

Join me on a tour of the immaculate and elegant home at 5 David Street, right in the heart of Surrey Hills.

Offering two separate living areas, the home is on an elevated corner and also boasts a glistening stone kitchen and paved courtyard. It’s in a fantastic location within walking distance to cafes and transport, and is in the zone to Canterbury Girls’ School.

To explore the home or view the Statement of Information, visit the Fletchers website: bit.ly/5DavidStreet

 

Look At Property – Episode 8

November 14, 2014 Leave a comment

If you missed it last night, here is my appearance on Look At Property. I was on the panel, discussing the impact of international buyers in Australia as well as when is a good time to buy or sell property.

If you would like to discuss either topic further, please do not hesitate to contact me.

24 Middlesex Rd Surrey Hills on MPTV

September 26, 2012 Leave a comment

Take a look at this week’s episode of Melbourne Property TV – http://melbournepropertytv.com.au/

Our delightful Victorian home at 24 Middlesex Rd, Surrey Hills  is shown in MPTV’s OFI spot, about 9 mins into the program.  This impressive property is being auctioned on Sat 13 October at 11am.  Take a closer look at Fletchers website http://www.fletchers.net.au/3038803/24-Middlesex-Road-Surrey-Hills 

Highlights of the show this week are:

  • Suburb Profile – Abbotsford
  • Property Panel discusses regulations & renovations
  • Marketing Appraisal looks at changes to the Release Estate Agent licensing requirements

Have a read of this week’s Weekly Review article by Mal James

September 14, 2012 Leave a comment

In this week’s edition of The Weekly Review, Mal James talks about the improvement in auction clearance rates across Melbourne last weekend.

He also mentions our excellent auction result at 53 Croydon Rd, Surrey Hills, plus an “action shot” of me in full auction mode.

REIT 2012 Annual Conference/Awards – Launceston 6 September 2012

August 31, 2012 Leave a comment

 Next week I’m also attending and speaking at the Real Estate Institue of Tasmania’s Annual Conference/Awards, to be held at Launceston Country Club on Thursday 6 September 2012.

Another fabulous event, sure to be a must for real estate agents in this market if the down-to-earth title is anything to go by.  And to be honest, who doesn’t need practical advice at ANY time in ANY market?

I can’t wait to get down to Tassie again, and I’m looking forward to providing some sound advice during my “What Would He Do?” question & answer section.

Take a look at the program below, which outlines the schedule and details of the great speakers on the day.

REAEST Brochure 2012