Recent global events have significantly impacted various sectors of the real estate market, potentially creating new opportunities in housing. Here’s an overview of the current situation and its implications: Market Shifts Commercial Real Estate: Many urban areas have seen a decrease in demand for commercial spaces, particularly office buildings and retail locations. This shift has…
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The latest data is busting the myths that COVID-19 had destroyed the commercial property market according to the Chief Economist at Ray White, Nerida Conisbee. Nerida says fears that commercial vacancy rates would skyrocket and lease incomes nosedive had been well and truly busted with even retail and commercial office space performing better than expected,…
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Fashion in real estate comes and goes, and it’s been interesting to see what buyers are seeking in this Covid pandemic era. As experienced sellers know, meeting the demands of the marketplace is one of the critical arts to maximise the value of your property. This is why so many owners of apartments and houses…
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If you’re one of the many homeowners wondering whether to capitalise on the current property price boom, you’ll probably be weighing the benefits of maximising your property’s value with a renovation. You wouldn’t be the only one. In these Covid-times, home renovation has risen 5% this year with an average spend of $21,000. Most of…
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Prolonged periods at home have probably inspired your thinking about how you might improve your property to add to its value. You wouldn’t be alone. During the Covid-19 crisis, hardware shops have reported record revenues as we apply our spare time to some do-it-yourself home improvement, even without the promise of a sausage while we…
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While the pandemic and lockdowns have made it hard for many of us to plan for the future, investing in property has never been more relevant or important. The prevailing social and economic trends in Australia suggest real estate remains an excellent investment in your future even with strong price trends. A recent Treasury document,…
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Understanding the process of buying a property can help address some of the stress of making such a significant financial transaction. For many buyers, conveyancing and settlement are black boxes of complexity that happen after the drama of finding a property has been achieved. Most of us are very happy to leave it to solicitors…
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Many potential sellers are worried about how the latest lockdown will affect property. They’re asking whether they should withdraw their home and return in a few months or delay putting it on the market. No one is loving this lockdown, but it doesn’t necessarily spell disaster if you want to sell your property. Buyer interest…
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If you’ve invested in a blue chip suburb in the past decade, you probably read with horror the hogwash predictions – even from the Commonwealth Bank – of a catastrophic fall in property prices because of Covid-19. However, the 32% cliff-fall in the CBA’s crystal ball never happened. The most recent figures released by industry…
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Get ready for a bumper selling season in Melbourne! Restrictions on the home inspections for sales have finally been allowed and we will see pent-up demand for property be unleashed across the city. Owners who are keen to sell now should now finish preparing their properties for inspection because the spring selling season will seize…
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