Purchasing

The Bank of Mum and Dad is just generational self-interest to keep house prices high

Posted on April 4, 2017 by | 0 Comments
You know the remarkably high price of homes is now a top issue for our politicians, state and federal. But you may need reminding that house prices are an intergenerational issue. As a general rule, the younger generation buys its homes from an older generation, which means rising house prices constitute a transfer of wealth from younger to older generations. Unfortunately, this conflict of interests between the generations makes it unlikely the measures in the...

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Some Conclusions and Recommendations to Address the Market Price Manipulation Strategies Which Affect Real Estate Negotiations

Posted on November 17, 2013 by | 7 Comments
Author: George Rousos of Industry Training Consultants Some of the activities and practices of the real estate industry, that might be questioned in ethical terms are about the potential to distort pricing information in a market in which it is already very difficult to obtain relevant and dependable information. The pricing information is distorted because some of the conditions associated with the definition of market value have been manipulated, particularly the concept of the arm’s length transaction...

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At Last A Brutally Honest Account of One Failed Auction

Posted on November 12, 2013 by | 3 Comments
While all property auctioneers, the vast majority of real estate agents and most newspaper property reporters sing the praises and extol the virtues of auctions for buyers and sellers alike, there are a few of us out here in real estate and conveyancing land who have our doubts. Fellow consumer advocate Neil Jenman has long argued that auctions get lower prices. Real estate trainer Gary Pittard recently demonstrated how it is impossible to guarantee the...

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Home is where the heartbreak is for GOMOs

Posted on November 11, 2013 by | 0 Comments
It’s a phenomenon fast becoming known in the property industry as ”GOMO”: Grief Over Missing Out. Prospective buyers who pin their hopes on a dream home and are outbid at auction by competitors are increasingly slumping into a state approaching clinical depression, experts say. “Some people put an enormous emotional investment in a particular place and fall in love with it before they’ve been able to buy it,” said Amanda Gordon, a clinical psychologist and...

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The dos and don’ts for buying off the plan

Posted on November 2, 2013 by | 0 Comments
For those on the hunt for a property, buying off the plan can be a great move for some security in your investment. It has advantages such as locking in a price to safeguard against rising values, as well as a number of tax advantages. Off-the-plan properties may just be the solution for investors who need to organise their finances or first homebuyers who currently do not have enough capacity to purchase. However, there’s still...

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Buying Real Estate – Property investors are only human

Posted on October 30, 2013 by | 0 Comments
Interesting new research about the emotional drivers behind property purchases cements the undeniable reality that investors are just like everyone else – sometimes susceptible to thoughts that go against their better judgment. “I reckon another $10,000 will get this bad boy across the line,” the agent smiled, smoothing down his slick suit and nudging his Montblanc pen closer towards me. “Just write the new offer amount there and initial it, and I reckon it’ll be...

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Property and shares go head to head

Posted on September 26, 2013 by | 0 Comments
It has to be one for the books when a real estate agent is saying property prices are becoming unsustainable and a Reserve Bank heavy says they’re not. Yet I heard both the same day. And no, I didn’t mix the quotes up, though context can be an elusive thing. The agent was commenting on research suggesting Sydney values could jump by up to 20 per cent next year, while the Reserve’s assistant governor was...

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Gen Y is the most upbeat about property prices, and first-home buyers are ready for a comeback

Posted on September 26, 2013 by | 0 Comments
QUEENSLANDERS are more positive about housing affordability than anywhere else in Australia, with Generation Y the most upbeat of all when it comes to property prices, according to new research. The annual realestate.com.au Housing Affordability Sentiment Index (HASI), which tracks the sentiments of Australians towards the cost of housing, reveals that all states and generations have a brighter outlook on property prices in general than 12 months ago. This is despite statistics based on the...

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How to get your offer accepted

Posted on September 22, 2013 by | 0 Comments
Experts reveal their tips on how to increase your chances of having an offer accepted over your competitors. Homebuyers and investors should consider attaching a 10 per cent deposit cheque to a signed contract if they want to increase their chances of having their offer accepted, according to real estate author and buyers agent Patrick Bright. The EPS Property Search director and author of The Insider’s Guide to Buying Real Estate says one of the basic rules...

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How do successful investors research the market?

Posted on September 21, 2013 by | 0 Comments
Residex believes there are at least 5,000+ suburbs in Australia that you should potentially consider when buying a house or a unit as an investment. That may sound daunting, but it is easy to narrow down the list by following a few simple rules. 1. Think about the long-term Magazines, newspapers and online articles or blogs about investment are a great place to start your research as they offer some useful tips and insights on...

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