Real estate is about more than location, location, location. It’s also about the AMOUNT of land you own in that location.
The basic principle of capital growth in real estate is that the value rises fastest when the demand (the number of people who want the property) is growing faster than the supply (the amount of properties available that meet their criteria).
How banking misconduct relates to conventional real estate......
Bank lending rules have become stricter as a result of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. This is likely to continue affecting the price of residential real estate.
As well as its influence on the market, there are some strong parallels between the Commission’s reporting on banking misconduct and equivalent behaviour in the real estate industry. The following table compares four points made in the report’s introduction to conventional practices in real estate industry and the LongView approach.
As we joke on our website, most local agents find a way to tell you it’s always a good time to sell. Why? Because it’s a good time for them to make money from you selling. That is not advice. At least not professional advice.
And, many local agents will give you a 'rosy' view of what your property is currently worth to convince you to sell – they will take 'comparable sales' of similar properties from months ago, when the market was considerably higher – and tell you that is a guide to what you might receive if you start to sell now – and therefore aren’t on the market until a month or two from now when prices will be even lower. This will only lead to disappointment when the market realities become clear.
Our Executive Chair, Evan Thornley, successfully moved a block of flats in St Kilda from traditional rental to AirBnB and saw a 50% increase in net cash flow. So now we always appraise a property for our clients for both traditional and AirBnB rental to see which option is most attractive.
In a recent case brought under the Equal Opportunities Act, the court held that the Owners Corporation (‘OC’) was a service provider. Consequently, the court determined that a disabled lot-owner was entitled to require reasonable works to be done by the OC to enable her to have sufficient access to the common property. One important
A recent article published by Jon Giann1, Director at Knowledge Source, shows that while all the headlines shout that the property market in Australia is in decline, this masks the fact that the majority of the market is still growing, with some parts even going ‘gang busters’. Before getting into the detailed analysis there are
When the time comes to sell your investment property, no one knows whether your buyer will be an Owner Occupier or another Property Investor. But we do know this: the more interested parties you have, the better the chance of receiving a great offer. And the key to having more bidders is to get more investor
Every day there are stories in the press about whether we are in a property boom or bust, making the case for one or the other supported by a lot of confusing analysis on debt to income ratios, price to yield ratios and many other facts. Interest rate cycles come and go. Negative gearing tax
Management Consultants are first taught one crucial thing: be clear about which numbers matter and which ones don’t. This was certainly my first experience while working for McKinsey. ‘What’s a big number and what’s a small number? Let’s fix the big ones first.’ And so, while we will all be prudent about minding every cent,