No one goes on the market just for fun. When you put your property up for sale, you want to see a result. As good a price as possible, in a reasonable period of time. It's natural to want to maximise the price and you certainly don't want to let it go cheap. This is where expectations of the market start to influence strategic decisions. When you first put your home up for sale, you'll have a...
We are fast heading into the greatest correction our housing market has seen.Are you ready for it?Savvy investors and market watchers certainly took advantage of the coming situation over 2020/2021 and even the first quarter of 2022 selling out at record highs. All cashed up and waiting to catch the margins over the coming summer months, whilst others sat back watching the headlines and hoping....
If I was a buyer, what would I do? Warren Buffett once said it is wise to be “fearful when others are greedy, and greedy when others are fearful.” This line of thinking applies to the property market just as much as it does to the stock market. The best time to secure a good deal on a home is to buy one when the market has slowed. When prices are falling and demand is low....
We all understand the market has changed. Prices have moved and buyers are harder to come by. Even still, prices are historically high compared to 3-5 years ago, meaning there is still an opportunity for most owners to sell their property and achieve a significant capital gain. Sell now? Or hold? The decision of whether to sell now comes down to this question: What else do you plan to do with the...
The hardest part of selling a property is getting it ready to sell. If you can nail the preparation, the marketing should take care of itself (as long as you choose the right salesperson). In this guide, we'll share tips to help you through the process. Ideas that should minimise stress and maximise your result. Step 1. Decide on your scope of work. Make smart decisions on where to invest your time...
It's that ugly word again Inflation and it's currently running at a 32-year high of 7.3%! How does that affect you as a homeowner and what can you do to weather the fast-approaching storm?We are all experiencing increases in the cost of food, transport, and housing but for homeowners due to coming off a low-interest rate and stepping into the current lending market those with mortgages around...
Consumer valuation websites have been a game-changer for buyers and sellers to first determine whether properties for sale are in their ballpark, however, while these sites contain lots of useful property information around a certain property they do not factor in the individual qualities of each home and rely on third-party data to build their algorithm, including relying on real estate agents to...
3.4% is the expected figure for the OCR by the years end, as the Reserve Bank attempts to tackle inflation hitting highs and hurting both families and business alike. Inflation figures surged to 6.9 percent in the year to March from the manageable rate of only 1.5 percent the year before. Our inflationary framework is staring down a massive challenge as prices continue on relentless upward...
Clearance rates are dropping, but that doesn’t mean that going to auction shouldn’t be part of your strategy for netting a property’s best price In this moment of change, auction numbers tell us that the amount of properties sold at Auction has shifted to selling after the auction. If we change the clearance rate to being on the seventh day after the auction, you’ll find there’s no...
Our home holds a special place in our hearts. Especially if it's where our kids have grown up or where we have experienced many of life's milestones. Inevitably though, there comes a time when our existing home no longer serves us the way it once did. A large home can go from being a place full of life and the beautiful chaos that goes with it, to a burden that constantly requires cleaning and repair,...