An Educated Risk Spirited bidding had taken the offer to $610K, but the bidding stalled here, just short of the reserve. We went to the highest bidder. “Not a penny more,” he said. Next to the seller. Would he be happy to accept a sale price of $610K, worst case? With the understanding that once … Read More
Face Facts, Not the Alternative OnesLast week’s budget was well received by most in the property industry. Both the Property Council and the Real Estate Industry of Australia were among those quick to release statements. According to an AFR article the next morning, everyone was pleased the Government had “tackled affordability” and “not moved to … Read More
TrustTrust is a word we use a lot in life, but what does it actually mean? According to the dictionary definition, trust is a firm belief in the reliability, truth or ability of someone or something.In order to make good decisions, a vendor absolutely needs to be able to trust their agent. Many vendors make … Read More
Get It While It’s Hot “Its ok were not in a rush” – sound familiar? Sellers need to understand that interest levels peak somewhere between day three and day ten of hitting the market. Active buyers keep abreast of the market using technology, scrolling for ‘new listings’, scouring the property portals and being informed by … Read More
Process Driven Outcomes“Clearance holds strong across Sydney’s biggest auction weekend ever” screams the headline. Readers sigh with relief – the lauded boom lives on.But later in the article, we discover that the “clearance rate” of 80.5% is actually only based on the collection of 814 results out of 1154. That means in truth, the headline … Read More
Wrapping up the first quarter of 2017Wrapping up the first quarter of 2017 in fine form – the South East Queensland property market continues to go from strength to strength. Auction volume has been consistently on the rise from week to week and so far this year we have conducted 271 auctions with some of … Read More
Changing CourseOne of our standout auctions this weekend was originally marketed with a price. At the first open for inspection, the agents were run off their feet with interest and found themselves submitting multiple contracts of sale to the seller. Sounds like the perfect cocktail to obtain a premium price right? Well, not really… even though the … Read More
White NoiseThere are two types of property news. The boom and the gloom. And when it comes to reporting the doom angle, last week’s property media did a great job.Apparently, we’re at “tipping point” (The Australian), confidence in the housing market has “collapsed” and we should “brace for the sell-off” (Sydney Morning Herald).In other big … Read More
Mexicans vs Banana Benders Whether it’s down to football or weather, the friendly rivalry between Queensland and the southern states is a firm part of Australia’s history. But when it comes to property prices, the sort of stratospheric numbers southerners have to pay for their homes far outstrips ours – the median house price in … Read More
We’re Open for Business! Welcome back! Actually, like many of our clients, we never really stopped over the Christmas and New Year period. But even when you’re working, there’s no doubt it’s a special time of year. There’s somehow less pressure and more pleasure – the pace seems slower and both buyers and sellers are more patient generally.Whether … Read More