Buying property off the plan in Australia has become an increasingly popular option for buyers looking to enter the property market. However, like any investment, there are both risks and benefits associated with this type of purchase.
Australian property prices began to fall in mid-2022, and we expect further falls. Learn what happened with property prices and where we believe they’re headed.
Despite the gloom-and-doom forecasts in the early months of the pandemic, the Australian property market saw growth not witnessed for a generation. Now the market has stabilized from its frenetic pandemic highs and is transacting at a more normal pace.
Quite the opening line isn’t’ it!
It’s about the flood of FAKE and bogus Buyers Agents still entering the sector and the huge risks to consumers.
The 'PIG' I refer to are people who have entered the sector after being marketed to during ‘wealth creation seminars or Facebook ads, promoting this career pivot to ‘get rich quick’, on the backs of consumers.
There are several frustrations that buyers commonly experience when purchasing a property which include:
Limited Listings/Stock Levels:
One of the most common frustrations for buyers is limited listings. In a competitive market, there may be few properties available that meet the buyer's criteria, leading to a longer search process and potentially settling for a property that isn't their first choice.
“Anecdotal evidence suggests that some agencies are employing property hosts to open properties for inspection, i.e. people who are not qualified Agents’ Representatives or Licensed Estate Agents may be acting as a host. Please be aware that such an approach is not permitted under the Estate Agents Act and exposes your agency to significant fines.
I recently spoke to a prospect who was comparing our buyer’s agency service and price to two other competitors. All 3 of us were established, reputable, skilled, very experienced, and worthy of engaging, so it was a fair comparison. And yes, there was some variation in our fees.
Multi award-winning REBAA member Miriam Sandkuhler from Property Mavens has started welcoming franchisee start-ups, saving entrants the hassle of setting up a business, including all administration systems and building a brand themselves.
Have you noticed that the rise of the professional Property Advocate is here ? There are more and more people suddenly claiming to be a Buyer’s Agent, with many having NEVER worked in the real estate industry.
If you’ve decided to undertake a renovation or build a new home recently, you’ve been in for a shock
Across Australia, building costs are soaring, driven by a jump in the price of materials and labour.
Autumn market - how we’re travelling.
And now the perennial question: How is Melbourne’s property market travelling?
Half way through the autumn selling period, the answer is steady but not spectacular growth.