According to the latest data from the Real Estate Institute of Queensland, property sales in Queensland are down 28 per cent on last year, and prices are hardly moving. REIQ Chairman Peter McGrath reiterated the claim made by most real estate agents: there is still not enough supply to meet demand. “While demand has certainly …
Queensland Premier Anna Bligh has announced that the State Government will ensure a whole lot more land is available for development before the end of 2008. The goal is to have a lot more homes built in south-east Queensland over the next few years, and hopefully that will help to ease the pressure on supply …
Construction won’t be completed until late 2009, but Stockland’s “Village†apartment complex at Balgowlah in Sydney is proving to be popular with buyers. Get in touch with the developers and you’ll receive a showbag full of goodies, but it’ll cost you $10,000.
When it comes to mortgages, Queensland is the most unaffordable state in Australia. Forget Sydney and Perth, if you buy a home in Queensland this week, we’ll throw in absolutely free extreme mortgage stress with over 40% of your household income going into the mortgage! Throw in rising petrol costs and grocery bills, and you’ve …
According to a survey here in Australia, vendors are still reluctant to lower their selling price, even though the real estate market has radically changed. Prices are dropping or staying steady, yet vendors continue to hold out for top dollar. Perhaps their actions are justified. The same survey also found that 33 per cent of …
Australia’s top real estate agents use professional real estate photography in the marketing of their properties. So do those in the USA. Why? Because it gets results: “Good photos will grab people’s attention and help you sell a home. Bad pictures will absolutely give you trouble, because you won’t have any calls on it, and …
There’s a great article over at Domain with a few key pieces of advice on how to sell your home in a buyer’s market. The article goes into some detail, but here are the key points: Make sure your real estate agent is actively contacting potential buyers. Be flexible regarding inspection times. Make sure your …
It seems obvious to most of us, but at least the statistics are there to back us up – according to the Housing Industry Association, housing affordability is now the worst it has ever been in Australia. The First Home Buyer Affordability Index fell by 3.5 per cent during the March quarter to be more …
I was having a chat with a homeowner this afternoon, and he was talking about the low clearance rates at auctions at present. His real estate agent was trying to convince him to go to auction, but he didn’t think it was the best course of action at present. According to the owner, properties like …
According to a report in today’s Sunday Mail, former Queensland Premier Peter Beattie has recently bought a property in the mountains near Brevard, North Carolina, USA. What gets me is the low standard of journalism shown by the Sunday Mail. This was today’s front page article, with a headline that said something like, “Beattie buys …