So, do apartments increase in value more than houses? It used to be generally understood that houses increased in value at a greater rate than apartments, but it’s not always so anymore. It’s definitely possible for some apartments to increase in value more than some houses. Here, are some examples to show you how this […]
Read MoreA buyers market presents all sorts of opportunities for property buyers. Sometimes, however, it disguises a whole lot of pitfalls for the unwitting buyer – the biggest one being the hidden danger of overpaying for a house. Really? I hear your skepticism… Stick with me here, it’s a very real issue. Property buyers often think […]
Read MoreYou should set your limit, your maximum bid, before you go to auction. So, how do you set a maximum auction bid? First of all, you need to forget all the other buyers and forget about the vendor, just for a moment. This is about you and the property. It’s about how uniquely this property […]
Read MoreThis piece was originally written a few years ago, when clearance rates were lagging at the end of spring. Then we noticed that Sydney auction clearance rates again climbed over 80% after a few weeks “slumming it” in the 70s. What do auction clearance rates mean? Were they showing that the market was getting stronger […]
Read More8 steps to buying a house for the first time: Step 1: Save a deposit It sounds really obvious, I know, but it is the hardest thing to do if you’re buying a house for the first time in Sydney. Ideally, you’ll save 20% of the property’s value and that way you can avoid paying lenders […]
Read MoreAre property prices going down? It’s all you read about in the papers at the moment, so it must be true, right? Doomsayer headlines sell papers (and get clicks) and it’s always annoyed me when bank PR people get hold of some economic data and suddenly an impending drop in the Australian property market is […]
Read MoreLately, the press has been full of stories about the Sydney property boom being over. The boom did last for five years, so the end had to come at some point. The thing is, people are talking about this “boom-and-bust cycle”. They’re all waiting for prices to fall, or even to crash before they buy […]
Read MoreMost people would be surprised at the difference a good mortgage broker can make when they negotiate for a property. They can make or break a deal. So knowing how to choose a mortgage broker is something you need to come to grips with at the start of your property buying process. Let me give you […]
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