For many people, owning a home brings a sense of pride and freedom that cannot be matched by renting. When you own your own home, you aren’t bound by a landlord’s rules, and your monthly payments are building equity. Although buying a home may be the first step you take toward building long-term wealth,
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The hotel at the centre of the state government’s messy quarantine program has been purchased in a multimillion-dollar deal by a private developer. The buyer planning an “extensive refurbishment and repositioning” of the property as a high-end hotel and conference facility. The aim to reopen next year. After hitting the market in July with price
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We are incredibly disappointed with the government’s announcements yesterday that do not allow for inspections or new listings until the third step, earliest date being 26 October 2020. After multiple and ongoing attempts from the Real Estate Institute of Victoria (REIV) to try work with the government in defining a reasonable path for the sector,
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All-out competition is a basic creed of a Sales business. You often compete for the same customers, revenue, and profits. However, there is times when co-opetition, not competition, is a smart move. I work with my direct competitors often – many clients will confirm this. I work with them because in the end, and by
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The Australian property market is affected by the state of the Australian economy. So, if the economy is affected by the coronavirus, there will naturally be a flow-on effect for the property market. It is likely, in my opinion, there will be short-term pain for apartment developments with exposure to offshore investors, as well as
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The RBA has been working on a digital version of the Australian dollar. In its submission to a senate commission, the RBA said its innovation lab is working on a digital currency denominated in dollars. It is unlikely it will be released to the public, instead it could be used to facilitate transactions between banks
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We are experiencing a unique time in the property cycle that has opened up a huge opportunity for potential home owners, as we see the pendulum swing to make owning your own home cheaper than renting! With interest rates so low and on the downward trajectory, it seems the goal posts have really shifted when
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  The 2019 federal election has now passed!    The market hates uncertainty, and the coalition win should return confidence to our property markets. The stability of a familiar government, and an expected RBA rate cut in the coming months, will encourage vendors to list their property and see buyers to re-engage with what’s on
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There have been many contradicting reports in the media about the property market and it is no wonder the everyday consumer is confused and unsure. We are all very well aware of the challenges that come with finance and we hope that there is some reprieve on the horizon for the benefit of all. But
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