By Terry Ryder (hotspotting.com.au) The Australian real estate market is continuing to defy doomsday predictions of price drops as a result of the COVID-19 pandemic. Prices are continuing to grow and the number of people searching for properties online is higher than it was at the same time last year, according to Terry Ryder, founder of Hotspotting.
by Neil Jenman In these times of COVID-19, one thing is certain: Thousands of home-sellers are withdrawing from sale. In addition, thousands are delaying selling. One of the most common questions in real estate is almost the only question asked now. In normal times, this may mean higher prices, but these are not normal times. Normal rules
By Neil Jenman If home sellers knew the truth about advertising, if they knew what went on behind-the-scenes, they’d realise they are part of what can best be described as a billion-dollar scam. To help home sellers, here are 25 FACTS about real estate advertising. FACT 1. ADVERTISING IS ABOUT ‘PROFILE’ FOR AGENTS Agents promote
When you are selling your property, there are three prices to be acutely aware of: Marketing Price Current Market Price Best Selling Price Marketing Price is the price the agent markets the property at to buyers. Legally and practically speaking, the final selling price may be higher, lower or equal to the marketing price. Some agents
WARNING: Avoid the expensive traps made by most home-sellers. by Neil Jenman Here’s something that can save you tens of thousands of dollars. It’s something that most home-sellers never know. As you’ll see, it’s also why most home-sellers lose tens of thousands of dollars when they sell their home: There are THREE ‘COSTS’ when you
By Jacob Herbert The following three statements that should raise red flags to a seller: ‘If we run the right advertising campaign we could get…’ ‘We could sell this in two weeks’ ‘You’d be crazy not to auction this home!’ Heard any of these before ? When searching for an agent, many homeowners experience a
By Terry Ryder A live interview I did with Channel 7’s “Sunrise” began with this: “Finance expert Noel Whittaker says if you want to invest in property, you should stop reading newspaper headlines – would you agree with that?” That was the perfect entrée for me to discuss media misinformation. I often tell people the
Honest Quoting You will receive a guarantee that the selling price you are quoted will be honest and accurate. If your home sells below the price quoted, you will not be charged any commission. This means you can trust the selling price quote of a Jenman Approved Agent. Fair-Go Fees Jenman APPROVED agents are required to be trained
I am constantly amazed and surprised by the sellers who opt not to disclose the price they would like to achieve for the sale of their property. What are they hoping to achieve using this tactic? In the days when I was listing and selling real estate and sellers wondered if ‘no price marketing’ was
By Peter O’Malley The key to successful selling in the current market requires three elements: The right agent The right sales process The right price The right agent: The two worst criteria to select an agent on is the value they assess your property at and/or the selling fee they quote. Most people inadvertently select
By Peter O’Malley – August 2018 The spring market is upon us and there are several key market indicators that will determine how the market fares between now and then. Availability of credit: The current market slowdown has been a manufactured slowdown, driven by a credit squeeze through the retail banks. The respective bank’s willingness
Property Market Report – December 2017 Quarterly Market Report – December 2017 By Terry Ryder Introduction: What’s Coming Up For Real Estate in 2018? The coverage of real estate in mainstream media is misleading and confusing at the best of times. But a bad situation is about to get worse. You’re going to be reading a
Property Report – September 2017 Quarterly Market Report September 2017 By Terry Ryder Introduction: Major Change Coming To Markets Around Australia Property markets around Australia are entering a phase of notable change. Cities that have been leading on price growth have passed their peaks, while some which have under-performed in recent years are now showing better
Different segments of the market are stronger than others at present and by being vigilant, you will quickly grasp what the market is doing in your category. It’s not rocket science, once you know where to look. Is it better to buy or sell first? The current market is not enjoying the robust conditions that
by Neil Jenman Within an hour of reading this article another investor will almost certainly have been ripped off in another dud Queensland property deal. That’s how often it happens. While there is no official ‘Register of Rip Offs’, it’s not hard to work out the figures. Based on the number of sales made –
Quarterly Market Report No. #42 – March 2017 By Terry Ryder, creator of hotspotting.com.au Introduction: You Just Can’t Believe What You Read About Real Estate I fear for Australian real estate consumers. Seeking information to underpin investment decisions is like walking blindfold through a minefield – in this case a minefield of misinformation. The standard of
And how home-sellers can too! by Neil Jenman. BACK IN THE 1980s, I OPENED MY OWN REAL ESTATE AGENCY. I was keen to succeed. I wanted to know the best way to become the best agent, make the most sales and, of course, make a good profit. I read books, I listened to audio-programs (and nearly
Dangerous Restrictive, Inconvenient Impersonal and Frustrating “It is amazing – a person needs more identification to hire a video than to wander through a family home!” Opening your home for public inspection is one of the worst mistakes you can make. It is always a financial mistake, but it can also be your worst emotional mistake.
Quarterly Market Report No. #41 – December 2016 By Terry Ryder, creator of hotspotting.com.au Introduction: Expect Change And Surprising Outcomes In 2017 This time last year I suggested 2016 would be a year in which the smaller cities emerged, as the larger ones showed signs of fading. In many respects that has proven to be true. Sales
Property Report – October 2016 By Terry Ryder, creator of hotspotting.com.au Introduction: Desperately Seeking Clarity On Markets Around Australia If you’re not confused then you haven’t been paying attention. Any Australian who tries to keep up with real estate events by following media will have a head full of misinformation, conflicting figures and downright dodgy data. Journalists
by Tyron Hyde for Washington Brown Depreciation is one of the best tax breaks available to property investors, but you’ll need a depreciation schedule in order to claim it. To show you how a depreciation schedule can save you money, I’ll be covering what a property depreciation schedule is and how to go about creating