Who’s right

When you are thinking about making a major financial decision like upgrading or downsizing your home, buying an investment property or even buying your first home, you will often do research as to whether the timing is right to make such a move.

You will soon realise when you start your research that there are so many conflicting views on what the future holds, often in the same publications, that … Read the full post »

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 »

Great Ocean Report October 2017

As we move into the latter stages of 2017 there are some conflicting reports around the state of the property market and as usual, we will try and clearly explain what is happening.

It is an interesting market at present because we have seen media reports that auction clearance rates in Melbourne and Sydney (particularly Sydney) have dropped since the same time last year, hence this is seen as a … Read the full post »

Great Ocean Report – end of financial year roundup

The 2016/17 financial year saw a very active coastal market once again, 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 a free standing dwelling on its own title. We do not include land sales or units although freestanding dwellings with common … Read the full post »

Just Do It

The general reaction in most people to the words “financial planning” usually ranges between a combination of eyes glazing over and complete confusion as to where to start. Many are living week to week and as long as the bills get paid, life rolls on.

If you feel that you may be in this situation and you know you should be doing more than what you are to take control … Read the full post »

What to do when you don’t know what to do

What to do when you don’t know what to do

We all have to make decisions every day of our lives. We are all different in our ability to be decisive. Some are happy to “go with the flow” while others find it an anxiety ridden process where their fear of an incorrect decision leading to a negative outcome can almost be paralysing.

This can get amplified when it comes to … Read the full post »

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 »

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