Market update: Government backtracks on open for inspection curbs
Last Thursday the Victorian Government pulled the plug on property inspections of occupied homes, only to reverse the order four days later – following heavy lobbying by the real estate industry. Whilst no reason was provided for the backflip, Real Estate Institute of Victoria president Leah Calnan told The Australian Financial Review on Monday. “It just seems […]
Freeze frame: key Brissie property stats pre-COVID
With the COVID-19 pandemic now shaking the metaphorical snow globe we’re all eagerly waiting for things to settle back into a new normal, at which point there’s every reason to hope our property fundamentals will kickstart a strong recovery. So what were our property fundamentals telling us just a few short weeks and months ago? […]
Renters, landlords, COVID: what you need to know
The centrepiece of the support package is a 6 month freeze on evictions dated from 29 March 2020. Check out the Queensland Government Residential Rental Hub for full details. Here’s a snapshot of the key points: If you’re having trouble paying rent because you’ve lost your job or your income has been reduced, talk to […]
Market update: Transaction numbers will be hit first, then prices
“What we have seen in those numbers is many actually switched to sell by private treaty. So it doesn’t necessarily mean they’ve withdrawn their properties from the market totally”, Domain senior analyst Nicola Powell said According to the Financial Review, Brisbane-based buyer’s agent and investor adviser Pete Wargent said the latest data showed the auction […]
#4 Tips for investors seeking a property safe haven
But while shares can move like a yo-yo, Australia’s property markets are far more stable and this is appealing to investors seeking a relative safe haven for their hard earned dollars. For those who are keen to secure an investment property in 2020, here are a few tips courtesy of Property Update. Interest rates are […]
How to buy a home social-distance-style
We’re still seeing sellers putting homes on the market and we’re still seeing buyers snap them up – but the way people are buying and selling looks a little different. We’ve said a temporary good-bye to public open homes and auctions – although Brissie has never liked selling under the hammer so that’s no big […]
Market update: What’s happening to property prices?
Prices rose by 1.1 per cent in Sydney – compared with 1.7 per cent a month earlier – 0.4 per cent in Melbourne, 0.6 per cent in Brisbane and Canberra, 0.5 per cent in Perth and 2 per cent in Darwin, while values fell 0.2 per cent in Hobart, according to the latest CoreLogic Home […]
Expert views on COVID and Aussie property
That’s a welcome thought. Australia and the rest of the world find ourselves in new territory with the virus disrupting many aspects of our lives beyond the threat to health. Social distancing and lock downs are causing major changes to our economic and social situations. To give you some familiarity and comfort in a time […]
Lock down leads to leap in online property shopping
While some are window shopping, others are hunting for opportunity in the relative safety and stability of property markets, compared to more volatile share markets. In Brisbane it seems buyers are seeking suburbs that feel like safe havens too. Latest stats from realestate.com.au show #6 of the #10 most-clicked streets in Brisbane were in The […]
Market update: COVID-19 pandemic, will real estate prices drop?
More than 3065 property auctions scheduled across Australia this week are in limbo after the government banned public auctions and open homes from Wednesday. Some selling agents and vendors are scrambling to move the public auctions to private treaty, while others are rushing to set up their auction online or rescheduling the auction dates for those who […]
