At present there is a lot of conjecture about the state of the Australian property market and as usual, in our Great Ocean Report we will do our best to break down what is really happening.
As we have mentioned previously in our Great Ocean Report, there are hundreds of small property markets in Australia but the two largest, Sydney and Melbourne, generally set the sentiment for the rest. Together … Read the full post »
The 2017/18 financial year saw a very active coastal market once again and it is interesting to see the contrast in price and volume of house sales in each town in our service area from the previous financial year.
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 … Read the full post »
Being January and the start of a new year, it is natural to be looking forward and trying to determine what may occur in the year ahead. Making forward predictions is fraught with danger, however in this Great Ocean Report we will help to identify some trends that will give us some likely indicators of what will occur in 2018 in the property markets.
We always say markets (plural) because, … Read the full post »
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 »
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 »
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 »
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 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 »
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 »
