Category Archives: Real Estate
Fairlight Property Report
The following Property report has been extracted from CoreLogic. Minor editing has been made. For a full original and up to date copy of this report, feel welcome to contact Shane Spence. The report from which this information was extracted
Where have monthly value changes fallen the most?
Eliza Owen Corelogic 8 November 2021 Australian property values are seeing a slowdown in the monthly rate of growth. This trend is expected to carry into 2022, as affordability constraints rise, mortgage rates bottom out, and a higher number of
Housing values 1.5% higher in October as growth trends ease and downside risk builds
Australian housing values rose 1.5% in October, a similar result to August and September However, taking the monthly change out another decimal point shows the market is continuing to slowly lose momentum since moving through a peak monthly rate of
New listings continue to rise!
New listings continue to rise, but are they in the areas where you want to buy? Eliza Owen from Corelogic 20 October 2021 As lockdown restrictions ease across Sydney, Melbourne and the ACT, the spring selling season has started in earnest,
Housing turnover reaches the highest level in nearly 12 years
I often hear property buyers lamenting the shortage of stock in the current market. My impression was quite different. I thought the market was well stocked. High demand created by low interest rates was causing properties to be sold in
Prepare for new planning changes for short-term rental accommodation
Prepare for new planning changes for short-term rental accommodation Are you responsible for letting short-term rental accommodation (STRA) properties? Work with your clients to ensure they register before 1 November 2021 to let out their property for summer. You can also register your client’s
Doing It Right!
Hiring The Right Trades If you own an investment property? Maintenance work will need to be done. A handyman often comes to mind as a good low-cost alternative to engaging a licensed contractor. They are limited however in the types
Auctions Still The Way To Go
I wrote this article in April 2019. What a difference two and a half years make. Here we are in October 2021 in the middle of the biggest boom I have witnessed in 32-years of real estate. Still my advice
Another Thing We Do
Things we do for our clients
Cost Of Owning An Investment Property?
For every dollar of rent collected an investor should assume that around 30% of that income should be set aside for running the property. Considering a typical 2-bedroom unit, which might lease in the local area for say $650 PW
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