A forthcoming Spring of Discontent – Will it affect our Market?
It seems we’re in for a ‘spring of discontent’. The release of the long awaited carbon tax details were intended to produce an element of certainty. It’s been spruiked as a simple effective plan ensuring pollution is reduced ‘at thelowest cost to the economy’ with a large spoon of sugar for us ‘ordinary folk’ designedto [...]
What low clearance rates should really be teaching buyers – PART 2
Article by Catherine Cashmore (part 1 here) There are three numbers in real estate – what the vendor’s wants, what the market (you) is willing to pay, and what a properties reasonable market value is against comparable sales. Unless you’ve got a handle on all three you can’t negotiate effectively. If you’re a current buyer [...]
What low clearance rates should really be teaching buyers – PART 1
Article by Catherine Cashmore Are we starting to see more distressed vendors than may have been reported? Australia wide, the delinquency rate has climbed from around 1.4 per cent to 1.79 per cent. It may be low in comparison to Europe and America, however it’s a figure the reserve bank should be paying close heed [...]