Mike's Real Estate

06/07/2022

https://www.smh.com.au/property/news/very-much-a-landlords-market-renters-face-tough-conditions-with-vacancy-rate-at-record-low-20220705-p5az7s.html

In Australia, when house prices stop rising, rents rise.
Why build new homes if many people can't afford them or if they generate capital losses for investors in the short term?
This keeps supply low, and then rents get pushed up until many are hurting and consumer sentiment drops. And then they drop interest rates to keep employment up and then house prices rise and on and on it goes.

The national vacancy rate is at its lowest point on record and tenants face stiff competition, but are there signs of a turning point ahead?

06/07/2022

https://www.corelogic.com.au/news-research/news/2022/home-value-index-continues-to-fall-june?utm_medium=email&utm_source=newsletter&utm_campaign=20220704_propertypulse

Brisbane is holding up but it looks like more interest rate rises will hurt prices for a few months.

Home Value Index shows Australia’s housing downturn builds momentum in June, driven by sharper falls in Sydney and Melbourne and weakening conditions elsewhere.CoreLogic’s national Home Value Index (HVI) recorded a second consecutive month of value declines in June, down -0.6%, to be -0.2% lower...

25/06/2022

21/06/2022

Property is serious business.

21/06/2022

Let’s do it!

20/06/2022

Some important things to consider when selling your property.

20/06/2022

Brand New House and Land Package In Narangba. $742,375. Contact me if you'd like to buy or sell new house and land packages!

14/06/2022

If you know someone with a house in Logan or nearby, thinking of selling or refinancing let them know about me.

14/06/2022

https://www.corelogic.com.au/news-research/news/2022/fewer-than-1,400-homes-taken-to-auction-across-the-combined-capital-cities

The frenzy for property is over for now. In Brisbane, people normally use Private Treaty sales as they give buyers an opportunity to verify the building soundness and condition before they unconditionally commit to a purchase.

Auctions are great for sellers when a frenzy is on. Usually auction marketing costs are high, and the seller is induced to pay for it and make the agent along with the house famous.

Sometimes marketing costs are very justified. We have to distinguish between what is necessary and what is just done to make the Agent or Agency look good.

12/06/2022

The Qld Auction clearance rate over the last weekend ending June 12 was 65%. Still pretty healthy, indicating a fairly strong market.