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Gold Coast real estate agent Alex Far has been permanently disqualified from the industry

Posted on October 22, 2016 by | 0 Comments
A PROMINENT northern Gold Coast real estate agent once praised by late former mayor Ron Clarke as “restoring his faith” in the industry, has been permanently disqualified. Alex Far, the former sales director of Runaway Bay’s Sovereign Realty in Runaway Bay, has been barred from holding a real estate licence following an investigation by the Office of Fair Trading Mr Far appeared before the Queensland Civil and Administrative Tribunal on Tuesday after a complaint was lodged...

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Reserve Bank of Australia says apartment boom risks start showing

Posted on October 17, 2016 by | 0 Comments
The risks of oversupply the Brisbane and Melbourne apartment markets are “coming to the fore”, the Reserve Bank of Australia warns. The RBA said the financial system was in good shape overall, particularly with home price growth slower than a year ago, tighter lending standards and slower credit growth to households. However, the central bank said the risks from apartment oversupply in some markets were now starting to show. “These risks appear greatest in inner-city Brisbane and...

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Misleading Conduct By A Real Estate Agent

Posted on July 12, 2016 by | 3 Comments
A couple who spent nearly $1 million on a Hawthorne property are suing the real estate agents and vendor, claiming that the property was advertised falsely and alleging misleading conduct by the real estate agent. Malcolm and Samantha Stevenson have taken agency Bekdon Richards and vendor Tony Burchill to court, claiming losses and damages of over $178,000 after purchasing a two bedroom Victorian-style home in February 2014. In a statement of claim lodged last month...

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Watch Out If Selling Property Worth $2 Million Or More!

Posted on July 12, 2016 by | 0 Comments
Vendors selling their multimillion-dollar homes this weekend could face a nasty shock at settlement time – the loss of hundreds of thousands of dollars because of poor legal advice. This is because many may be unaware of new 10 per cent withholding tax rule, which came into force on July 1, and which applies to all property worth $2 million or more, including residential property. To avoid being hit by the stiff penalty, all vendors selling at this price point must...

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“Has Anyone Been Murdered In This House?”

Posted on July 12, 2016 by | 0 Comments
It’s hard to get a good price for a home with a bad history. Overseas, they are called ‘Stigma Homes’, where something terrible has happened in the past, usually a murder. Stigma homes – or ‘Murder Homes’ as they seem to be called in Australia – can be hard to sell – as at least one irate home-owner in Melbourne is discovering. Every time likely buyers punch the address of Judy’s home into a search...

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SELLERS – BEWARE THE HOG AGENTS THE MYTH OF CHOOSING A “BIG AGENCY”

Posted on July 12, 2016 by | 4 Comments
“You can’t sell a secret.” This is a line given by thousands of agents to thousands of home-sellers in order to persuade sellers to splash out more and more money advertising their homes. The theory goes that the more places you advertise your home, the more buyers you reach. Of course, anyone who knows anything about basic marketing knows that such reasoning is nonsense because most buyers look in several places during their search for...

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Christmas Comes Early For Queensland Real Estate Agents

Posted on November 26, 2014 by | 4 Comments
An article by Tim O’Dwyer, Solicitor and Consumer Advocate On Monday 1st December POA, the Property Occupations Act 2014 (and POA Regulation 2014) come into effect in Queensland, and replace the much-amended-and-maligned Property Agents and Motor Dealers Act 2000 (PAMDA). While real estate consumers (in particular residential sellers and buyers) will find little to rejoice over and less protection of their interests than before (despite one of POA’s expressed objects being “the protection for consumers...

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Rental road to riches can be rocky

Posted on November 22, 2014 by | 0 Comments
An article by Mary Holm Even with skill and good luck there are many risks that can make or break would-be property investors. My partner and I have our own home at the moment with a sizeable mortgage, and we’re thinking of starting a property rental portfolio. We’ve been told that it works best to have a few properties, rather than just one or two. Would you be so kind as to give us your...

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Why New Homes Should Be Inspected For Defects

Posted on November 19, 2014 by | 0 Comments
If the house is brand new there should be no reason to have it inspected for defects, right? This article by Reuben Saltzman explains the reasons why a newly constructed home should be inspected by s qualified and independent building inspector. While the article was written for an American audience, it is just as applicable in Australia. One of the newest inspectors on our team is Patrick Brennan, who worked as a project manager for...

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Real Estate Agent Referrals – They’re Not What Consumers Think They Are!

Posted on November 11, 2014 by | 0 Comments
“No one refers more clients to other businesses than real estate agents, so top agents understand the importance of capitalizing on this power by developing real estate referral networks.” So begins an article about the value of using referrals as a lead-generation strategy. What’s forgotten is that the consumer is reduced to being a mere commodity, to be bought and sold by those whose interests are not necessarily the same as those of the consumer....

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