Archive for the ‘Uncategorized’ Category

Legislation passed to introduce Property Occupations Act 2014

The Queensland Government, in consultation with the REIQ and other industry bodies, has overhauled the Property Agents and Motor Dealers Act and have now passed the new legislation under the “Property Occupations Act 2014”.

McDonnell’s law issued the following E Alert which gives a explanation in “Simple English” of the changes.

Here is their summary :

Farewell PAMDA: Welcome to the Property Occupations Act … Read more »

Selling Your Home Over Christmas/New Years ?

Found a great article yesterday on realestate.com.au about selling your home over Christmas. It advises “Don’t fret if you’re trying to sell your home as the tinsel’s going up!” and we definitely agree. We are experiencing enquiry across the board with three homes under contract this week (50 Texas Road Jensen, 9 Kwila Crescent Douglas and another in Condon) … Read more »

An each way bet … The experts hedging on interest rates in 2014

With the Townsville Property market ticking along the talk of interest rate increases always creates a flurry in speculation.

 

With financial markets pricing in an increase interest rates in the next 12 months who’s right and who’s wrong?

The banter continues between some of Australia’s leading media, and in the next few months the “chatter” will  no doubt vibrate into the housing markets as the voices of those wanting … Read more »

The importance of pricing a home correctly

I drove past a house we sold in 2011 in  Croft Street Heatley which had recently re-sold and I thought I would check to see what it sold for.

I recalled it seeing it on the net for $339,000 negotiable. After getting getting back in the office this morning and seeing the result it confirmed what I see time and time again – houses selling well under initial asking price.

One theory I … Read more »

Steven Keen – "I will be wrong on house prices"

Some of you may recall the banter between Steven Keen and other economists about his prediction of a collapse in house prices.

In fact Keen become so passionate about it he backed his stance with a challenge that if he was wrong he would walk from Canberra to Mount Kosciusko.

This was highlighted in this article on 3 November 2009.
Economist Steve Keen loses housing bet against Rory Robertson

http://www.news.com.au/business/economist-steve-keen-loses-housing-bet-against-rory-robertson/story-e6frfmbi-1225793985120

Keen has now … Read more »

Is the Townsville Real Estate market due for a "Boom"?

It was no surprise yesterday to see the RBA hold fire on a further interest rate cut, particularly in light of the strong Australian dollar.

Despite efforts to pull the dollar down against the greenback, it’s clear that ongoing stimulus by the US Federal reserve continues to thwart the RBA efforts to dampen the Australian dollar.

Not such good news for home buyers as they read this but given interest rates … Read more »

Real estate photography in the spotlight again

In a recent article in the Property Observer, real estate photography (or poor real estate photography) has come into question again.

We at Graham Lynham Real Estate believe that the Web is our window to the world (read realestate.com.au and domain.com.au) and it has replaced window boxes. With that in mind, and given there are certainly some properties that are challenging to photograph, sometimes less is more.However conversely, professional photography also … Read more »

Reasons why your property isn’t tenanted

 

In a recent Property Observer article, journalist  Diane Leow , offers a great insight into the rental property market, and in particular vacancies rates. As we come up to the challenging month of November (traditionally a quiet time for demand for rental properties in Townsville, the article offers sage advice to owners.

Rental properties like sale properties are subject to market fluctuation based on supply and demand, and there is over supply, … Read more »

Pictures put sale in focus

They say a picture paints a thousand words.

Agents believe good photography not only helps find a buyer, but also helps increase the sale price.

A survey last year found 99 per cent of agents believe photos are the most essential tool for selling property.

Experts suggested vendors should declutter and scrub up their property before the photographer arrives.

They also said … Read more »

RBA makes surprise 25bp rate cut to 2.75pc on weaker data

The Reserve Bank of Australia caved into pressure to cut interest rates, spooked by rising unemployment and weak inflation underpinned by a stubbornly high Australian dollar.
The official cash rate fell to 2.75 per cent today, down from 3 per cent, marking out a record low for Australia’s official interest rate, which the RBA cut four times last year to jump start the nation’s lacklustre non-mining economy and deflate the … Read more »