Archive for the ‘Torquay’ Category

Perception vs reality

As real estate agents we get asked to meet with property owners to discuss their future plans on a daily basis. I enjoy this immensely because not only do I feel we are very well qualified to assist them, but I am fascinated with the psychological process that potential vendors put themselves through when deciding to sell their major asset.

The conversations start differently depending on whether they know us … 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 »

2016 / 2017 New Years Update

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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 »

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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