Back at the beginning of Winter in June 2015, I posted a blog on why I did not see Sydney being in a “bubble” https://www.propertunity.com.au/is-sydney-in-a-property-bubble/ At that time we had experienced 7-8% in Sydney for the year to date. Since then we have experienced a very busy Winter period. We put this down mostly to […]
Every week I see properties sell in original condition or in need of a cosmetic or sometimes even major structural renovation. I never cease to be amazed at some of the actual sales prices on these particular properties. In some cases, the un-renovated or original condition properties are selling for more money than the fully […]
Every week I see auction properties knocked down to buyers who are caught up in the hype of FOMO (fear of missing out). It is important when buying a PPOR or Investment Property to ensure that you keep to your goals and mitigate any substantial risk of overpaying or buying something just to buy something. […]
You’d have to expect, with the level of investors in the market at approx 50%, when normally they are at 30%, that there would be more properties being made available for rent and therefore rental increases would be lower than normal. Coupled with this are stats showing approx 30% of First Home Buyers are buying […]
A normal human reaction to a big expense such as property is to take time to think about risks etc and probably a reason not to buy it. (If the property is the first one that ticks all the boxes, it usually is the right one.) In this current heated Sydney marketplace the indecisive buyers […]
We whole-heartedly agree with the comments made in the below article. (more…)
There is a lot of talk in Sydney’s Inner West about the West Connex Project and how it may affect the property market in some areas. If you are a unit owner you may get hurt the most if you are situated right near a ventilation stack. The West Connex has its advantages and disadvantages. […]
EVERY single time the market goes up we get the “Bubblers” and the “Doom & Gloomers” coming out of the wood-work. You have to see where they’re coming from to understand why. For example Harry Dent (from the USA) does this, but every time he does, it is to promote his latest book . The […]
Alternatively, if the vendor is set on going all the way to auction, then attempt to buy the night before auction day, with the threat (which you must keep if challenged) that you will not be attending the auction. As Buyers Agents, we regularly are successful in all these tactics and more.
The RBA interest cut in early February 2015 changed all that. I am now of the view that we may see growth of another 10-15% this year, especially of the RBA cuts rates again.