Results for week ending November 8. Melbourne and the combined capital city results were stronger this week, but Sydney continued its plunge to hit a new three-year low. With no bottom in sight, it’s anyone’s guess how low auction clearance rates will go. The Stats
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Until something cataclysmic happens, off shore investment into Australian real estate may be here to stay. Last financial year, about $12.4 billion flowed from China into our residential property market, making up about 15 percent of all new home sales. That’s an increase of over
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Results for week ending November 1 As punters place their bets on which four-legged beasts will have the fastest legs in “the race that stops a nation,” investors ought to be more concerned with another contest: the latest auctions clearance rates. Evidence is building that
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At the October meeting, the RBA decided to leave the cash rate unchanged at 2.0 percent. In its Monetary Policy Statement, the board essentially gave three reasons for the decision. Here’s my interpretation: We can’t raise rates because China continues to show signs of weakness,
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Results for week ending October 25 The downward trend in Sydney and Melbourne continues, as lower auction clearance rates are uncovering greater fear and uncertainty in the market. Higher borrowing costs seem to have slammed investor sentiment. Owner-occupiers are still showing up to bid, but
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7 Ways to Transform a Losing Deal Into a Money Making Machine Having coached hundreds of students in Steve McKnight’s training programs, I’ve had the privilege of learning from both the successes and the failures of other investors. Early in our Property Apprenticeship course, Steve
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Results for week ending October 18 Damn you Westpac. Or was it those pesky negative analyst predictions from last week? Maybe it’s simply that some sanity is being restored to our capital city property markets. Whatever the case, if you’ve been holding out to sell
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There are two big assumptions every investor seeking capital appreciation makes:1. When it comes time to sell there will be a purchaser who wants to buy the property; and 2. That purchaser will be willing to pay more than you did when you bought. While
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Results for week ending 11 Oct 2015. The capital cities bounced back from a lack-lustre grand final weekend to post some solid auction numbers. As expected, volumes were up significantly in Sydney and Melbourne. Yet even with greater supply, demand kept pace, as the national
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As a property mentor, I speak to a lot of investors about their money. I’ve found that people tend to treat their personal finances in one of three ways: like a hobby, like a government or like a business. Hobbies exist for fun only. They
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