Thursday 09 Aug 2018

As the slide in property values experienced since March this year continues, the move by ANZ to cut the rates on some of its new customer products may see buyers move into the market, as history has shown that falling rates generally trigger a rise in prices. In a tightening lending environment the banks will be fighting hard for new business to maintain profit levels. Whether property prices continue to fall, rise or move to a holding pattern, it may be that the bottom of the market is closing ....

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Would you like fries with that? How the banks upsized customer loans whilst agents took the wrap.

Wednesday 01 Aug 2018

Are you quietly revelling in 2018’s property market which has turned in favour of the buyer?  Seeing quite significant price drops on properties that last year you couldn’t afford? The times they are a changing! But one has to ask themselves, what happened to the market and who is to blame? In January 2016, new laws were introduced by the Office of Fair Trading in an effort to stop agents “underquoting” as properties continued to sell for prices far beyond their adve ....

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When the market back flips, you could score a 10 just for diving in

Tuesday 24 Jul 2018

When the market is rising and the conversation at backyard bbq’s is all about making money from property, often the question about property flipping arises and everyone wishes they could jump straight in.  So when the market turns, the perfect opportunity becomes available to get your property flip on. Property flipping is when you buy, renovate and sell for a profit.  Many savvy people have made a ton of money by starting small to minimise risk and then taking on larger projects ....

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Forget about location, property’s new buzz word is TIMING

Monday 16 Jul 2018

For decades it’s been rammed down our throats that property is all about location, location, location. And whilst location is no doubt one of the key factors in sound property investment, what’s even more critical is your timing, as you could end up paying over the odds if you get it wrong. The Sydney market has risen (and in some instances doubled) in the last seven years, but in July 2018 it’s taken a breather and given buyers some much needed relief. All markets work in cycl ....

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Found your dream home? How to purchase by bridging the gap.

Thursday 05 Jul 2018

Sometimes the perfect property comes your way by surprise, but perhaps you’re not quite ready in the relocation stakes.  Bridging finance could be an option for you to consider between buying and selling.   Often considered a bit risky or expensive, some bridging finance can mean that you are essentially carrying two loans at once and other types of bridging finance will allow you to only pay the end loan amount, while selling your original property, usually over a 6-12 month per ....

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What’s your side hustle? In 2018 it might be time to find one.

Thursday 21 Jun 2018

New 80% LVR requirements being enforced by APRA mean that the rules have changed for home loan borrowers in 2018 and banks are now slashing the number of mortgage products with a maximum LVR of 95%. Put simply that means that if you’re saving for a house deposit, you’ll need a lot more than last year or the year before.  Saving for a deposit is probably the hardest part of buying a property and leaving some asking where they will find the extra cash. It’s no secret that pe ....

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Should I stay or should I go? When to buy, sell or hold

Saturday 26 May 2018

Most homeowners make a move from one property to another at some stage in their life and it’s one that leaves them asking plenty of questions.   The most common is, “should I buy or sell first?” because deciding to place your home on the market often sparks fears of being left without anywhere to go.   There are plenty of options but often they are time consuming and costly. Renting in-between ownership can mean two moves and being tied to a lease for a certain period ....

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"I'll have what she's having", how to find to your inner confidence and forget about social proof

Saturday 19 May 2018

In a changing market, buyers can no longer rely on social proof and need to have the confidence to go out on their own.   Social proof, also known as informational social influence, is a psychological phenomenon where people depend on the actions of others to reflect correct behaviour for a given situation. Social proof tends to occur in social situations where people are unable to determine the appropriate mode of behaviour, so an individual will rely on surrounding people to possess more ....

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When it comes to negotiating, do you run for the hills?

Friday 11 May 2018

Not everything in life is negotiable, but experienced negotiators can secure a good real estate deal in any market. And that goes for both buyers and sellers. Being able to identify a good deal all comes down to doing your homework and being ready, willing and able to bring your negotiating skills to the table. So why is it that so many people run for the hills when it comes time to negotiate?   Most people think that negotiating with another person feels like conflict and it’s one of ....

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When the going gets tough… the tough get a Buyers’ Agent

Thursday 03 May 2018

Contribution by Veronica MacDonald, Inner West Specialist Buyers’ Agent, Cohen Handler   A question that we are commonly asked is when should I consider engaging a buyers’ agent? Clients engage us at very different stages of their property search. For some it maybe as soon as they make the conscious decision to buy a property and for others it may be after searching for periods greater than 12 months.   Those who make the decision to engage our services may do so because th ....

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