PRICES UP AND FASTER SALES
October 25, 2023
Days-on-market data released by CoreLogic in October 2023 showed some interesting trends. Properties are selling at their fastest pace in the past 12 months, reaching 30 d-o-m by September 2023, with the exception of August when d-o-m was 29 days. It has been steadily decreasing since January 2023 when it took an average of 36 …more »
GENERATIONS OF BUYERS
October 23, 2023
Experienced agents say that the different generational groups approach real estate differently. Some say every generation is very distinct, while other suggest a blurring of the lines. Knowing how to communicate with different generations, how to build relationships by understanding them, is vitally important when you are an agent trying to assist them buy or …more »
MIGHT THERE BE INVESTOR BENEFITS IN NEW LAWS?
September 25, 2023
The Property Law Bill 2023 will bring the most significant changes to property law in Queensland in 50 years. Introduced to Queensland Parliament in February this year, it is anticipated the Bill will be passed in September or October, but commencement will be delayed by six to 12 months to allow for consultation and education. …more »
NEW LOW FOR VACANCY RATES
September 25, 2023
It became even harder to rent a property in August, with the national vacancy rate falling to a new low of just 1.1 per cent, after recording its largest drop in more than a year. According to the latest PropTrack Market Insight report, the national vacancy rate fell 0.14 per cent last month and the …more »
TENANTS DESERVE BETTER
September 25, 2023
It is inconceivable that people needing or wanting to be renters might be putting up with unpleasant and even unsafe living conditions in order to have a roof over their heads, but this is what a recent survey revealed. Financial comparison site, Finder, found that three in five renters, 59 per cent, had overlooked an …more »
BUYING A TENANTED PROPERTY
September 25, 2023
Have you purchased an investment property with existing tenants? Property investors are sometimes unsure or even unaware of the implications in this scenario. While the exact circumstances, as well as the relevant rules and laws in your state or territory, can influence how the process works and your obligations as the new owner, generally, if …more »