Archive for the ‘Time on market’ Category

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 »

Who are you?

As a business we are always looking ahead to try and identify trends so we can plan for them and also provide quality advice to our clients. I do a lot of reading about social demography trying to understand why people act the way they do.

Social demographers have applied labels to different groups in society depending on when they were born to help them understand what influences them. Although you … Read the full post »

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- 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 »

Great Ocean Report April 2016

Great Ocean Report April 2016

It’s hard to believe that we are into April already but the upside is that we are getting a good handle on how 2016 is likely to play out, and so far it is looking quite favourable. In fact, mainstream media is struggling to hold our attention on the economic front, so they have to ramp up the bad news headlines in other areas just to … Read the full post »

Great Ocean Report February 2016

This is our first report for 2016 and is a good opportunity to report on what we have been witnessing over Summer, and also to try and do some crystal ball gazing as to what we can expect to see unfold this calendar year.

Obviously the major event that dominated our mindset, and those visiting the coast over the Christmas period, was the bushfire that claimed over 100 homes in Wye … Read the full post »

Great Ocean Report November 2015

Summer is almost upon us and it has been a busy spring for the coastal markets. Stock levels remain tight and we believe that this will be one of the drivers that should facilitate a buoyant summer market. However it will, in our opinion, be a less obvious driver that will have an impact in the lifestyle markets this summer.

Before we look at that, let’s have a look at what … Read the full post »

Sell or buy first

A common dilemma when you are trading your home for another is whether you sell first then buy, or if you buy first, then sell. The answer is quite clear…it depends! Which I know is not clear but it really comes down to how saleable your property is. This is determined by your price point and your price expectation relative to other properties in your area. It also comes down … Read the full post »

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