Confidence too high for consumers that don’t remember?
I have found the contrasting views of my parents in regards to the latest Australian election interesting recently.
Author: Nathan Huppatz
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Read moreUnits and townhouses appeal to buyers
Declining housing affordability is prompting more and more people to consider alternative ways of entering the property market.
With median prices of houses often between 20 to 60 per cent higher than units, it is little wonder that units and townhouses are becoming increasingly popular with buyers. And as these properties are usually located in prime locations – such as the inner city or on the beach – they also offer a lifestyle attractive to many people.
Read moreQld’s million-dollar babies
These days, the incidence of multimillion-dollar residential property sales in Southeast Queensland has become so frequent that it almost passes without comment. Indeed, according to the Real Estate Institute of Queensland (REIQ), local media need at least a $5 million sale to pique their interest.
Read moreQueensland is the place to live
Queensland really is the place to live. The Sunshine State is the nation’s fastest growing state, has record low unemployment, a strong economy and, according to the latest Real Estate Institute of Queensland (REIQ) median house prices, a very solid property market.
Read moreStrong Growth for regional centre house prices
The REIV June quarter median prices have shown solid demand for property in many of Victoria’s regional centres.
REIV CEO Enzo Raimondo said that Geelong had the most expensive property with a median of $310,000 in the June quarter and other regional centres showed solid demand.
Read morelatestsales.com.au
The REIV has launched a new resource to help house hunters to understand property prices when looking to buy their home or investment property.
CEO, Enzo Raimondo said that for just $19.95 residential house hunters can now access the same information as agents use.
Read moreJohn Matthews is Victoria’s best auctioneer for 2007
Mr John Matthews of Barry Plant Essendon tonight won the REIV Senior Auctioneers Competition andwill now represent Victoria against the best in Australasia.
REIV President Adrian Jones congratulated John Matthews remarking that not only did he display ahigh degree of technical proficiency but ran an interesting auction as well.
Read moreREIV Survey reveals buyerÂ’s preferences
Climate change and the current drought are having an impact on buyers preferences with 93 per cent of people surveyed saying that water and energy saving features were important factors for them when buying a home.
REIV CEO Enzo Raimondo said that the survey showed that properties that had water and energy saving features would be in greater demand than those without.
Read morePricing Guidelines
Last week the REIV released guidelines to ensure some consistency with the advertising of prices for residential property auctions. This followed a review of auction results which showed many variations of pricing currently in use. I personally reviewed the results which included comparing information contained in the Auction authority, such as the Estimated Selling Price, the Reserve, comparable sales analysis and advertisements during the Auction marketing campaign. To see examples of advertising in use… click here.
Read moreRental vacancies at 25-year low
The REIV has released its rental vacancy figures for the month of March, which show that the Melbourne rental market remains tighter than at any other time in the past 25 years.
Read more