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Waz Akbar - Real Estate

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Australia
Granville, NSW
Waz Akbar - Real Estate

SELL & BUY WITH CONFIDNECE Finding the right agent is just as important as finding the right home.

“Feels great when I add Value to People Lives"

Waz Akbar is a hard-working, passionate and driven real estate agent who through his friendly style develops long-lasting relationships with his clients. He is committed to listening to his clients’ needs, staying confident, professional and full of positive energy has allowed him to assist his clients in all aspects of Real Estate whether it be selling, buying or renting. As an experienced agent,

Waz understands that buying and selling is one of the biggest decisions in a client’s life and views representation and guidance of his clients through this process as a true privilege. If you are selling, he will work with you committed to delivering your property to the largest audience in the shortest time for the highest possible price by team collaboration and superior marketing materials. "I strongly believe that each property is different, have its own features and benefits, so great marketing plans and strategies helps you to achieve the desired results"

Marketing Strategies & Plans = More Exposure = More Enquiries = More Buyers = More Competition = Higher Prices

Waz believes the key to successful client relationship is trust, honesty and integrity coupled with effective communication and collaboration.

15/10/2024

Australia’s Real Estate Value Surpasses $11 Trillion Despite Cooling Growth

✅Australia's residential real estate market has reached a new milestone, with the total value of properties climbing to $11 trillion for the first time 🏡, increasing by $900 billion in the past year 📈.

✅Despite the overall growth, national home values rose by just 1.0% in the September quarter 🗓️, the slowest quarterly rise since March 2023 ⏳, indicating a cooling market 🧊.

✅Perth values reached a new record high with the highest annual growth of 24.1% 🚀, driven by sustained demand and limited supply 🏘️📉. Sydney, Brisbane, and Adelaide also saw record high dwelling values 🏠.

✅Melbourne and Hobart experienced quarterly and annual declines in dwelling values, with values being -5.1% and -12.5% 📉 below their record highs recorded in March 2022.

✅Investors represent a significant proportion of buyer demand, making up 38.6% of new loan commitments 🏦, with high investor activity likely due to perceived opportunities for capital gains 📊 and tighter rental market conditions driving potential yield growth 📈.

02/10/2024

September Sees 5.4% Boost in New Listings Gives Buyers More Options😊

Total Listings: 📉 Nationwide residential listings dropped by 2.3% to 243,739 in September 2024. Melbourne led the decline at 3.5%, while Canberra (+1.5%) and Sydney (+0.7%) saw increases.

New Listings: 📈 New listings rose 5.4% to 77,622. Darwin led the growth (+25.8%), while Melbourne saw the biggest decline (-6.3%).

Old Listings: 🏡 Older listings dropped by 2.2%, with Canberra seeing a 13.3% increase. Perth had the biggest annual drop (-59.0%).

Distressed Listings: ⚠️ Distressed listings saw a slight rise of 1.1%. NT had the largest monthly increase (+10.3%), while TAS had the biggest decline (-6.3%).

Asking Prices: 📊 National asking prices increased by 0.7%, with units rising faster (+1.6%). Brisbane saw a notable 2.1% increase.

Perth's housing market continues to record significant growth📈📈, with a 1.8% increase for units🏚 and 1.0% for houses.

29/09/2024

Residential Real Estate Snapshot - September 2024

✅Demand for vacant residential land is closely tied to affordability, with fluctuations in housing construction costs 🏗️ and the price of established housing 🏡 affecting buyer interest.

✅The value of established property in major Australian cities 🏙️ has been rising 📈, leading some buyers to consider building on vacant land as a more affordable alternative.

✅Vacant land offers the opportunity to customize 🛠️ a property to fit specific needs, such as size and layout, but comes with financial risks 💸, especially in high interest rate environments 📊.

✅Housing estates with comprehensive amenities and services 🏘️ are popular for vacant land purchases, offering a more affordable option for first-time buyers 👫.

✅The diverse market for vacant land across different regions highlights the importance of seeking advice from local experts 🧑‍💼 to make informed decisions 📋.

28/09/2024

Australian Capitals Among World's Most Unaffordable Housing Markets:

🏙️ Australian capital cities rank in the top 25% of least affordable markets for middle-income home buyers.

💰 Sydney, Melbourne, Adelaide and Brisbane are among the most unaffordable cities globally.

🌏 Hong Kong, Sydney, and Vancouver are the most unaffordable housing markets🏚 in the world.

📉 Housing costs outpace income growth, making home ownership unattainable for many in high-income nations due to affordability factor.

🏡 New category "Impossibly Unaffordable" added for housing markets with a median multiple of 9.0 or higher.

🚧 Urban planning policies restricting housing supply are driving up land prices, hurting the middle class.

💸 Middle-income buyers in Australia would need to spend 60% of their income to afford a median-priced home.

27/09/2024

Australia Hits New Record for Million-Dollar Property Suburbs:

🏠 Record high of million-dollar suburbs in Australia in August 2024.

📊 29.3% of suburbs now have a median value of $1 million or more, up from 21.7% in January 2023.

💵 House and unit markets surged, with 218 new million-dollar markets over the past year (+18.5%).

🏙️ Sydney continues to dominate, with 46 new million-dollar markets, maintaining its position as the most expensive capital.

🌆 Brisbane saw a 65.1% rise in values since COVID, with 46 new million-dollar markets in the last year.

🌟 Perth added 35 new million-dollar markets, leading value growth among Australian capitals.

📉 Melbourne and regional Victoria experienced a 1.0% decline in dwelling values, leading to fewer million-dollar markets.

📈 Borrowers now need nearly $200,000 annual income to afford a $1 million home, compared to $125,000 before rate hikes.

🌐 Growth in million-dollar markets expected to continue, with 24 suburbs nearing the million-dollar threshold.

🏘️ Interstate migration and housing undersupply have contributed to price rises, especially in Brisbane and Perth.

🏠 Six Canberra suburbs re-joined the million-dollar club after dropping out in 2022-2023: Cook, McKellar, Macarthur, Chifley, Gowrie, and Gungahlin.

26/09/2024

Affordability Crisis: First Home Buyers Losing the Battle😒

💸 First home buyers now need nearly double the deposit compared to 12 years ago.

📈 Property prices surged by 99% from $489,900 in 2012 to $973,300 in 2024.

🏡 In 2012, a 10% deposit was $48,990; today it’s $97,330 — almost double!

❌ To avoid Lender’s Mortgage Insurance (LMI), the 20% deposit has increased from $97,980 in 2012 to $194,660 in 2024.

💼 Average full-time wages have only grown 42%, not keeping pace with rising deposits.

🔄 Investors and upgraders are crowding out first home buyers due to better affordability.

👨‍👩‍👧‍👦 60% of first home buyers now rely on the "Bank of Mum & Dad" for financial help, compared to just 12% in 2010.

📉 Australian home values must need correction to give first home buyers a realistic chance without any external assistance.

⛪Supply should increase to bring the demand down and control the NOM till supply meets the demand.

24/09/2024

Australia's Population Tops 27 Million with Slight Dip📉 in Migration

✅Australia’s population passes 27 million 🇦🇺👥
As of March 2024, Australia’s population reached 27,122,411, with a growth of 615,254 people in the past year.

✅Overseas migration drives growth ✈️🌍
Overseas migration accounted for 83% of the national population growth, though migration rates slowed slightly compared to previous quarters.

✅State growth trends vary 📊🗺️
Western Australia leads in population growth at 3.11%, while Tasmania experienced the lowest growth at 0.38%, largely due to interstate migration outflow.

✅Natural increase remains positive but aging is a concern 👶👴
Births still outpace deaths in all states, but Tasmania is nearing a natural population decrease due to its aging population.

✅Interstate migration: NSW loses, QLD gains 🔄🌏
New South Wales saw the largest interstate migration loss (-31,183), while Queensland gained the most interstate migrants (+30,930), continuing a long-standing trend.

✅Victoria’s population rebounds 📈🏡
After losing population during COVID, Victoria saw a 2.72% growth, driven by overseas migration and a slight positive interstate migration for the first time since 2019.

23/09/2024

Housing Affordability Hits Record Low Amid Stagflation😒

✅Housing affordability hits a record low 📉🏠
Housing affordability has worsened in 2023-24, with high mortgage rates and rising home prices driving the decline.

✅Median-income families can afford fewer homes 👨‍👩‍👧‍👦💸
A median-income household earning $112,000 can now afford only 14% of homes, down from 43% just three years ago.

✅Worst affordability in NSW, Tasmania, Victoria 🌏🏘️
New South Wales, Tasmania, and Victoria face the worst housing affordability, with a median household affording just 10% of homes in NSW.

✅South Australia's sharp decline 📉🏡
South Australia saw the biggest drop in affordability, with only 16% of homes affordable to a median-income household, down from 49% in
2020-21.

✅Mortgage costs soar 📈💰
Mortgage costs are now as high as 2008 levels and nearing the peaks of 1989-1990, with average-income households needing to spend a third of their income on repayments.

✅Economic strategy critique 📊💣
The text criticizes Treasurer Jim Chalmer’s economic strategy, citing issues like excessive immigration, lack of energy regulation, and fiscal irresponsibility contributing to the housing crisis.

03/06/2024

What I Learned in the World of Sales😎😎

✅Networking is essential; the more connections you make, the more opportunities you create.👌

✅Practice active listening. You have two ears and one mouth for a reason—listen more and speak less to truly understand and connect with others.

✅First impressions are lasting impressions. You rarely get a second chance to make a strong first impression, so make it count.

✅Be yourself. With over 8 billion people in the world, each individual possesses unique strengths. Embrace your uniqueness and let it shine.

✅Embrace rejection, as each "NO" brings you one step closer to a "YES."

✅Sell the solution, not just the product.

02/06/2024

Population Forecast for Budget 2024–25😎😎

✅New South Wales is projected to have the highest population among Australian states over the next five years, starting at 8,342,300 in 2023-24 and increasing📈📈 to 8,854,700 in 2027-28.

✅Victoria is projected to have the second-highest population, starting at 6,815,400 in 2023-24 and increasing to 7,353,600 in 2027-28.

✅Queensland is projected to have the third-highest population, starting at 5,460,400 in 2023-24 and increasing to 5,828,600 in 2027-28.

✅South Australia, Western Australia, Tasmania, Northern Territory, and Australian Capital Territory are also projected to see population growth over the next five years.

✅The population projections provide insights into the expected demographic changes in each state and territory in Australia.

26/05/2024

May 26 Auction Market: Top Items and Trends

✅Combined capital city auction volumes are up 4.7% week-on-week, with 2,246 homes scheduled for auction this week.

✅Melbourne is set to have over 1,000 auctions for the fourth consecutive week, with volumes up 4.1% from last week and 24.4% higher than this time last year.

✅Sydney is expecting 806 auctions this week, the busiest since mid-April.

✅Brisbane and Adelaide are expecting fewer auctions, while Canberra, Perth, and Tasmania will see an increase in weekly auction numbers.

✅Auction activity is expected to continue trending higher next week, with around 2,350 auctions scheduled across the combined capital cities.

Address

Granville, NSW
2142

Opening Hours

Monday	9am - 10pm
Tuesday	9am - 10pm
Wednesday	9am - 10pm
Thursday	9am - 10pm
Friday	9am - 10pm
Saturday	9am - 10pm
Sunday	9am - 10pm

Telephone

+61432085172

Website

https://www.atrealty.com.au/wazakbar/

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