Property Data Reveals Price Dips are Slowing
As we approach the end of 2022 and look at national property market trends, it's fair to say caution is the prevailing emotion. The euphoria in which owners enjoyed double-digit value gains for two successive years has been tempered by rising interest rates and break-out inflation. Owners have pressed pause on plans to sell while...
Sarah Lowry in Finance
Slow Buyers Can Still Miss Out
It's exciting yet testing times if you're in the market and seeking your first home. Your radar will be finely tuned for price reductions while watching the interest rate picture. The old cliché about swings and roundabouts comes to mind in this situation. What you may lose in higher mortgage payments, you'll likely gain in...
Sarah Lowry in Finance
Is Your Property Plan on Track, Despite Rate Rises?
With another interest rate rise announced this week, it’s certainly a challenging time for upsizers and first-home buyers, as they determine if they have enough cash and credit to fulfil their immediate property ambitions. Changing interest rates have made the mortgage and refinancing landscape a moveable feast. Lenders are tending...
Sarah Lowry in Finance
Planning to Buy in Today's Market
Today's market is giving off all sorts of crazy signals. Prices are strong, mortgage rates rise, fall, and rise again, and the number of homes for sale stays stubbornly below historical averages. Making a rational buying decision is tough with all this noise around you. You're probably asking: “Should I buy now? Do I hold on...
Sarah Lowry in Finance
What Does the Reserve Bank's Latest Move Mean?
At its most recent monthly board meeting, the Reserve Bank of Australia (RBA) lifted the official cash rate by 25 basis points to 2.6%. With most economists bracing for another supersized increase of half a percent, it was an unexpected reprieve for mortgage holders. PropTrack senior economist, Eleanor Creagh, said that it’s now clear...
Sarah Lowry in Finance
Why Auction in a Changing Market?
After an explosive period in late 2021, where auction volume records were smashed almost on a weekly basis, we are now back to much more moderate levels. Interestingly though, the top performers, the skilled and seasoned exponents of the auction process, actually double down on listing everything for auction. They understand the essential...
Sarah Lowry in Finance
Choosing Your Agent in a Changing Market
Maximising the value of your property in the current real estate market has never been more important! When buyers move from the fear of missing out (FOMO) to FOOP (fear of over paying) the experience and skills of your real estate agent will be pivotal in achieving a great sale price. Choosing an agent will be one of the most important...
Sarah Lowry in Finance
A Changing Market
Orderly transition expected as red-hot market continues to cool… If you're planning to put your home on the market this coming spring, recent events in the property market may have caused you to pause and re-evaluate. And that's understandable. But the positive news is that the leading real estate researcher, CoreLogic...
Sarah Lowry in Finance
Using Marketing Strategies to Achieve a Great Sale Price
As the market mood changes, sellers will be well-served by paying additional attention to the quality of the marketing campaign for their property. A campaign targeted to prospective buyers for your area can earn you tens of thousands of dollars more for your property than a half-hearted or cut-price effort that fails to capture the imagination...
Sarah Lowry in Finance
7 Hot Selling Tips for a Cooler Market
Successful sellers will be measuring their expectations this Winter as we begin to experience a cooler real estate market, after a 12-month period of record-breaking prices. Higher inflation and interest rates may start to temper buyers' exuberance, but it doesn't mean selling your property is a bad idea! In fact, it's probably...
Sarah Lowry in Finance
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