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Property News

Are property auctions going out of favor?

by Chris on August 30, 2011
Are property auctions going out of favor?

Property auctions historically were the most poplar selling tool in Australia, but in the current market the clearance rates are significantly lower than they used to be. Even on the popular reality show “The Block”, 3 out of 4 renovated houses failed to sell on auction – an auction that was witnessed by close to [...]

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Take a peek at GreenSmart Home of the Year

by Chris on August 23, 2011
Take a peek at GreenSmart Home of the Year

I am not sure how many people know about the prestigious GreenSmart construction awards – but yes, they exist, and there are houses being built in Australia where owners care a great deal about sustainable building principles. A couple of days ago, the GreenSmart Home of the Year was awarded to company Eco-Logical Building from [...]

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Andrew Blachut: The Big Change In realestate.com.au Nobody Is Talking About

by Chris on July 11, 2011
Andrew Blachut: The Big Change In realestate.com.au Nobody Is Talking About

Last time Andrew Blachut, the owner of DIY property sales website Propertynow.com.au, was interviewed on homeiown.com, he was NOT happy – and for a very good reason. His business, PropertyNow.com.au, relies on the ability to gain the maximum of exposure for his clients – vendors looking to sell their homes. These people choose the DIY [...]

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Sneaky mortgage insurers and borrowers in arrears spell trouble for Aussie banks

by Chris on May 20, 2011
Sneaky mortgage insurers and borrowers in arrears spell trouble for Aussie banks

In the complicated finance world all sorts of things are tied to one another, and often seemingly unrelated events in reality are tightly connected. Recently Fitch – a major ratings agency – downgraded our banks’ financial products called “RMBS” because in light of the agency’s latest findings they don’t look as safe as before. This [...]

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Australian Home Of The Year 2011

by Chris on May 14, 2011
Australian Home Of The Year 2011

Today at the HIA-CSR Australian Housing Awards ceremony the winner was revealed. Every year building companies from all states and territories of Australia compete in various categories, but there is just one top prize, and this year it goes to NSW builder R W Stidwill Constructions, for winning the Australian Home Of The Year 2011 [...]

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The bad effect of a carbon tax on housing prices

by Chris on May 2, 2011
The bad effect of a carbon tax on housing prices

Everyone is discussing now how a carbon tax will make our energy bills higher. Yet there’s another negative effect to a carbon tax that doesn’t get much coverage in the media – and it really should. At a first glance housing prices and carbon tax may seem unrelated, but a closer look reveals that there [...]

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Stamp Duty Cuts for First Home Buyers

by Chris on April 25, 2011
Stamp Duty Cuts for First Home Buyers

I am always happy to give you some good news whenever I get a chance. So here goes – the amount of stamp duty first-home buyers pay in Victoria will be reduced by 20 per cent on July 1, 2011. This will be followed by further reductions of 10 per cent each financial year until [...]

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Rumors About a New Vendor Tax on Investment Properties

by Chris on April 22, 2011
Rumors About a New Vendor Tax on Investment Properties

When I saw a report in The Age about the Gillard Government discussing a new 4% sales tax on investment property and a reduction in negative gearing tax benefits for investors, I simply couldn’t believe my eyes. Are they really going to do this, NOW? Falling auctions clearance rates and new property listings adding up [...]

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Don’t believe auction results that you see

by Chris on March 7, 2011
Don't believe auction results that you see

I don’t quote the news often, but this deserves your attention. Apparently quite a few agents are not reporting failed auctions in a desperate attempt to cover up. In News.com.au they call them “embarrassed agents” – I, however, think this act has little to do with embarrassment – when a growing inability to sell a [...]

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The real estate debt is in overdrive in Australia

by Chris on March 5, 2011
The real estate debt is in overdrive in Australia

The figures as per the latest reports by the Reserve Bank of Australia prove that the real estate debt in Australia is spiraling out of control. Australia is facing an economic crunch and the finances of most of the households are collapsing under the pressure of debt. Despite lowered spending, household debt has increased by [...]

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Combating mosquitoes in your property

by Chris on February 15, 2011
Combating mosquitoes in your property

After recent rains mosquitoes quickly became a problem even in places that never had them before. While mosquito bites annoy most people, not everyone sees them as a threat – and perhaps we should take another look at these tiny insects and diseases they transmit. The main health concerns are related to Australian encephalitis, Dengue [...]

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