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The expat dilemma
The strength of the Australian dollar against the US and other currencies has seen many expats, who are paid in US dollars or other foreign currency, put the brakes on buying Australian property.
Why do some valuers get it so wrong?
I was speaking with a finance broker last week and he was telling me a story about one of his clients who purchased a property for $661,000. Ok, so there’s nothing unusual about that but here's where it gets interesting.
They are so scripted it hurts…
Do you find that sometimes when you ask a sales agent a question you get the feeling they might as well have hired a parrot to answer you? Well, the other day one of my team members emailed a sales agent to ask for a price guide on a property as it was listed for auction.
Time for property investors to review their property plans
With the end of the financial year fast approaching it’s a good time to sit back and analyse your financial position in the same way that a small business does (or should!). Regardless of whether you have 1, 3, 5 or more properties you need to treat them all like a business.
Bees to the honey pot
If you ask experienced sales agents how to attract a crowd and virtually guarantee a sale over fair market value then they will tell you to market the property as a "deceased estate". People want a bargain and the promise of one is guaranteed to spark interest, in fact very strong interest!
Adding air-conditioning... a cost or an investment?
Every year Australians have at least a few months of sweltering conditions that make them seriously consider moving to a colder climate or at the very least installing air-conditioning!
When the figures simply don’t add up!
I read an article in the Sunday Telegraph on the weekend which featured a property up for auction that was riddled with termites.
The knock-on effects of flood exposed property
The devastation that homeowners and business owners have experienced in the flood-affected areas in recent weeks is unfortunately likely to continue for some time.
Flood exposed property
We’ve all seen the horrendous images coming out of the devastating Queensland floods and our hearts go out to those who are about to go through the painful process of cleaning up or rebuilding their properties.
A win for buyers!
Finally further progress is being made towards a fairer playing field in the real estate market which in my view will be beneficial to both buyers and sellers!