As we close out May, the banking Royal Commission continues and banks appear to be exceptionally cautious as a result, with buyers finding it a challenge to get loans approved. This is contributing to us seeing properties selling for what we estimate to be anywhere from 5-10% on average below their peak, with some…
Category: Video
As we close out April, there is little change in the property market with it continuing to show sluggish signs moving into autumn. We are seeing soft numbers for properties sold and auction clearance rates in Sydney, and buyer numbers are still low. This is starting to show up in property prices with a…
The end of March brings the first quarter for the year to a close (already!), and the market has been in motion long enough to see that activity is definitely slower than the end of last year. This showed up in last weekend’s auction clearance rate which was 65% for Sydney, although there were…
Coming to the end of summer, the property market is back into full swing enabling us to get our first real feel for sentiment in 2018. My initial assessment is that it is a healthy but certainly not overcharged market, which is showing up in common indicators such as auction clearance rates for Sydney…
I hope you had a restful and enjoyable holiday season, and have had a great start to 2018. I certainly enjoyed my break, spending a few days in the US and three weeks in Colombia experiencing its colour and beauty, and spending time with my family there. I am now getting my year started with…
As we close out yet another year, we have noticed an increase in buyers since my last market update, with more activity at our open homes. Admittedly, it is a tricky time of year to conclude whether this is a genuine shift in buyer activity in the market or due to decreasing levels…
We are now of the opinion that we are in a normal real estate market, having noticed a lack of urgency from many buyers in the market place and a shift in attitude by some trying to take the upper hand and playing more games than ever. However, we are continuing to see good properties…
We have noticed a shift in the property market for the month of October where the market seems sensitive as prices have finally levelled off and even come back slightly for certain properties. In our primary areas of service we have noticed that there is an above average supply of units on the market giving…
Since my holiday, I have been back in action for a month and would assess the current market as being quite neutral at the moment. Auction clearance rates are down compared to last year, hovering around the 70% each week. This can often be an indication that the market is softening and it’s not unusual…
In this instalment of Real Real Estate Advice, Sales Executive Kiki Bermudez talks about how to prepare your property for sale. Kiki’s key information from the video can be summarised in the below dot points: Ensure the exterior of your property gives off a good first impression Declutter and clean the inside as much as…