Archive for the ‘Lorne’ Category

Great Ocean Report – April 2017

At present there is a significant amount of property market commentary happening in the press. Topics such as housing affordability, negative gearing, capital gains discounts, housing bubbles, rental stress, APRA regulations, RBA policy and record prices are appearing daily in all forms of main stream media. As is usual with our reports, we will do our best to explain what’s actually happening.

The first thing you need to understand, and … Read the full post »

Selling in winter

We often get asked when is the best time to sell your property. Like anything in real estate there are no absolutes, it is a judgement made on the basis of probabilities of many factors. Winter is generally regarded as the low season for selling on the coast. This judgement is mainly made on the decreased foot traffic that the coast experiences at this time of year. Interestingly in the … Read the full post »

What is a housing bubble?

Recently, almost on a daily basis, we have been seeing property market commentary from “experts”, mostly economists warning of “Australia’s housing bubble”. Most people understand the concept but I thought I would clarify what it is and what it is they are concerned about.

According to Wikipedia, “a property or housing bubble is a form of economic bubble normally characterised by a rapid increase in market prices of real property … Read the full post »

Bidding at Auction

Bidding at auction can be quite intimidating for those who have never done it before. In reality, given that most people only transact in real estate once or twice in their lives, the opportunity to practise is quite limited! There are a few tips to it though that I’m happy to share.

The first tip I will give you is – don’t do it! If you can hire a professional … Read the full post »

Great Ocean Report February 2017

As we have written about often in our reports, the Australian property market is in fact made up of hundreds of smaller geographic property markets. They are all affected differently by their local social and economic factors, which directly determines their performance. By example, if we look at the performance of the Melbourne and Sydney property markets vs the Perth property market in the past two years we can see … Read the full post »

2016 / 2017 New Years Update

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Great Ocean Report – November 2016

As we are about to roll into Summer and the end of 2016, we are now in a position to reflect on the significant market influences that have been driving, what has again been, an extremely buoyant year for the real estate market on the Great Ocean Road.

Stock levels (properties available for sale) are at an all time low. Having multiple interested parties in properties for sale has been very … Read the full post »

Great Ocean Report – September 2016

As Spring is upon us, it’s time to report on what has been an incredibly busy winter and look at what is probably the most fascinating property market and trading conditions that we have witnessed. There has, as usual, been a lot of commentary in the press as to the state of the Australian property markets and we will again try and demystify what is happening for you.

The best analogy … Read the full post »

Great Ocean Report- July 2016

Our July report is always dedicated to a look back on the performance of the Surfcoast property market for the previous financial year. The 2015/16 financial year saw a very active coastal market buoyed by low interest rates and continued positive sentiment from the metropolitan property markets.

So let’s look at the performance of each of the towns during this period. As a reference these sales are house sales, that is … Read the full post »

Your attitude is everything

Over the past 22 years in real estate, I have facilitated hundreds of property transactions and met thousands of people along the way. After a while you become an amateur psychologist and can predict how a person will react when presented with a particular circumstance. As a company we do a lot of training to understand why people act or react the way they do. At our weekly training session … Read the full post »

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