Barry O'Farrell, the Premier of NSW, must be reading my blog.
Only 10 days ago I wrote that we can expect rising prices in the south-west of Sydney over the next 12 months.
Then, only 7 days ago, NSW Treasurer, Mike Baird delivered the first Budget for the recently elected Liberal Government announcing the end of the First Home Plus scheme. These changes, to come into place from the beginning of 2012, will mean first home buyers will miss out on the First Home Owner's Grant and be forced to pay thousands in stamp duty.
The practical effect of these changes will create a first home buyers rush in the months leading up to Christmas 2011 causing property prices to increase and then, as the number of first home buyers disappear from the market after the new year, a decline in sale prices for the first few months of 2012.
Is this good government? I know the states finances are in a mess but is this the best solution, to play havoc with the property market, especially at the more affordable end here in Campbelltown?
Let me know what you think.
Monday 12 September 2011
Wednesday 31 August 2011
Is it time for another boom?
Tomorrow is the first day of spring, although, given the warm weather recently you could be forgiven for thinking that it had started a few weeks ago.
With spring comes the annual influx of buyers. More calls to our office, more email enquiries in our inboxes and great crowds at our open houses every Saturday.
If I were thinking of selling my home and trading up (or down) I couldn't pick a better time.
In our latest newsletter I ask if it is time for another "boom" in property prices. After all, there are a few indicators which bear consideration.
For example, the last boom was in 2004, 7 years ago. The rental market continues strongly with more tenants than homes for them to occupy. The share market is a disaster with prices plummeting daily. And there's a lot of talk in finance circles that interest rates will fall over the next 12 months.
So, are prices on the way up? Find out by asking for a copy of our latest newsletter. This month we also include our annual review of the property market for each suburb in Campbelltown. Drop me an email if you would like a copy ... mos@prudential.com.au
With spring comes the annual influx of buyers. More calls to our office, more email enquiries in our inboxes and great crowds at our open houses every Saturday.
If I were thinking of selling my home and trading up (or down) I couldn't pick a better time.
In our latest newsletter I ask if it is time for another "boom" in property prices. After all, there are a few indicators which bear consideration.
For example, the last boom was in 2004, 7 years ago. The rental market continues strongly with more tenants than homes for them to occupy. The share market is a disaster with prices plummeting daily. And there's a lot of talk in finance circles that interest rates will fall over the next 12 months.
So, are prices on the way up? Find out by asking for a copy of our latest newsletter. This month we also include our annual review of the property market for each suburb in Campbelltown. Drop me an email if you would like a copy ... mos@prudential.com.au
Friday 26 August 2011
Is the property market "weak" at the moment?
Going by all reports you read in the papers and online you would think the property market was weak at the moment with prices falling and buyers few and far between.
Unfortunately, these reports are concerned with the Sydney market, not the Campbelltown market.
Is there a difference, I hear you say? Yes, there is!
Campbelltown is located 55 kilometres from Sydney and has a completely different buyer profile from that of Sydney. Buyers who might consider buying in Sydney would not think of buying in Campbelltown and vice versa.
And right now the market in Campbelltown is very healthy. Sales prices may not be increasing dramatically but sales are occurring every day. For example, May and July of this year have been record months for our office - and these things do not happen when the market is weak.
A property listed for sale today with Prudential Real Estate Campbelltown can expect to be sold in 26 days (our current average sale time).
Unfortunately, these reports are concerned with the Sydney market, not the Campbelltown market.
Is there a difference, I hear you say? Yes, there is!
Campbelltown is located 55 kilometres from Sydney and has a completely different buyer profile from that of Sydney. Buyers who might consider buying in Sydney would not think of buying in Campbelltown and vice versa.
And right now the market in Campbelltown is very healthy. Sales prices may not be increasing dramatically but sales are occurring every day. For example, May and July of this year have been record months for our office - and these things do not happen when the market is weak.
A property listed for sale today with Prudential Real Estate Campbelltown can expect to be sold in 26 days (our current average sale time).
Saturday 9 July 2011
The most existing thing that happened this week was the installation of our new server.
Yes, I know this sounds exceedingly boring, however, the great benefit to come from this enormous investment is that Prudential Real Estate property investment clients will be able to access information about their properties online - past and current statements and soon maintenance updates.
To the best of my knowledge we are currently the only real estate agency in the south-west with this ability and our clients can now enjoy this added service simply by calling our office to arrange everything
Yes, I know this sounds exceedingly boring, however, the great benefit to come from this enormous investment is that Prudential Real Estate property investment clients will be able to access information about their properties online - past and current statements and soon maintenance updates.
To the best of my knowledge we are currently the only real estate agency in the south-west with this ability and our clients can now enjoy this added service simply by calling our office to arrange everything
Thursday 30 June 2011
Real Estate Agencies Starting Anew
Often when people are choosing a real estate to use, they are hesitant to hire an agency that is new or not well known to them. They are dubious about their experience in real estate and wonder how long the agency has been in business. Naturally they want the best agency for a successful sale or purchase. New agencies are springing up quite frequently as real estate is big business, but this does not necessarily mean they are all just starting out and inexperienced. Of course this could apply to some. However many have resulted from previous partnerships that have decided to part company and start up separately.
The best thing to do is to visit the agency and find out whether they are new and inexperienced, or if they have been in the business for a long time and formed a new company. This is sometimes done because they have better ideas in marketing strategies that former partners have not agreed on and the resulting split allows the newly formed company to use those strategies themselves. This being the case companies may have a new name, but a wealth of experience and new ways of marketing that are more successful than conventional ideas. Therefore instead of automatically crossing new real estate Sydney agencies off your list, check out their history.
A reformed real estate Campbelltown agency may have newer marketing strategies for selling your home with less stress, better sale prices through appraisals, and faster results. A variety of selling methods created to suit individual needs ensures the client is always consulted and advised of the best way to sell. One of the advantages of using a real estate to either buy or sell homes is the range of homes in their portfolio. If you are selling, they will find you prospective buyers, and if buying they will try to match your preferences with homes they have for sale. This save you time looking at ads in the newspapers each day, and contacting the owners for a time to inspect a home you think is suitable.
From the time you list your home with the agency right through to signing the contract, whether you are buying or selling, you can be sure of professional service and courtesy. Taking into account the time and stress they save you by doing it yourself, enlisting the help of a real estate agency is by far the best decision you could make.
The best thing to do is to visit the agency and find out whether they are new and inexperienced, or if they have been in the business for a long time and formed a new company. This is sometimes done because they have better ideas in marketing strategies that former partners have not agreed on and the resulting split allows the newly formed company to use those strategies themselves. This being the case companies may have a new name, but a wealth of experience and new ways of marketing that are more successful than conventional ideas. Therefore instead of automatically crossing new real estate Sydney agencies off your list, check out their history.
A reformed real estate Campbelltown agency may have newer marketing strategies for selling your home with less stress, better sale prices through appraisals, and faster results. A variety of selling methods created to suit individual needs ensures the client is always consulted and advised of the best way to sell. One of the advantages of using a real estate to either buy or sell homes is the range of homes in their portfolio. If you are selling, they will find you prospective buyers, and if buying they will try to match your preferences with homes they have for sale. This save you time looking at ads in the newspapers each day, and contacting the owners for a time to inspect a home you think is suitable.
From the time you list your home with the agency right through to signing the contract, whether you are buying or selling, you can be sure of professional service and courtesy. Taking into account the time and stress they save you by doing it yourself, enlisting the help of a real estate agency is by far the best decision you could make.
Subscribe to:
Posts (Atom)