Jpp Buyer Advocates

16/02/2023

https://www.jpp.com.au/market-comment/market-news/current-melbourne-housing-market/

In the current housing market everyone has an opinion, including me of course! We have all seen the news headlines either in print or online: “House prices set to plummet by 20-25 per cent in 2023” – News.com.au 10/2/23. We have seen the media talk up the “R” word. Why the Reserve Bank is ...

15/04/2020

https://www.jpp.com.au/market-comment/covid-19/covid-19-update/

Hi Everyone, Obviously, everyone is finding life different to what it has been in the past. “Unprecedented” is being thrown around a lot these days and most of the time it is quite correct. The property market is no different. On Thursday last week the government announced a ban of all inspectio...

19/08/2019

https://www.jpp.com.au/market-comment/market-wrap/clearance-rates-lead-the-way/

It is now absolutely obvious to anyone looking at even basic statistical analysis that the market is turning. But many don’t realise just how fast. With clearance rates now in the high 70 percentile and private sale properties turning over faster than ever, we are about to see a massive turnaround...

12/08/2019

https://www.jpp.com.au/market-comment/market-wrap-market-comment/forget-winter-spring-is-coming-and-it-will-be-huge/

I attended 2 auctions in flogging rain on Saturday. The first in North Melbourne saw a single fronted Victorian home go under the hammer. In the freezing cold and rain and not enough space inside the home, around 50 people stood outside and waited for the auctioneer. A previous offer of $725k had be...

29/07/2019

https://www.jpp.com.au/market-comment/buyer-advocates/the-balanced-market/

We are now well settled with the government elections behind us. We are well aware of the economy on a knife’s edge with RBA and Government both trying to put money back into the pockets of the general public, with the hope they will spend it. And it is obviously beginning to have an effect. …

23/07/2019

https://www.jpp.com.au/market-comment/market-forces/property-price-consensus/

We have now reached a consensus from Real Estate Agents, Economists and even the media. Property prices will not keep falling, but actually begin to make significant gains over the next 6 – 12 months. The papers are now full of articles talking about the rise in property price over the next few ye...

29/05/2019

We can look back on Saturday’s election results and certainly talk about the polls and media commentators missing the outcome. But what will it mean to the property market?

14/05/2019

The Bell has rung -

If you are waiting for the bell to ring to show the change in the property market, consider it rung. The change in the current property market began its change in February with some consistent mid fifty percentile results and then through March and in the build up to Easter we saw the clearance rate...

10/04/2019

Confused about the current market, don't worry - you're not alone.
Have a read of Ian's current thoughts on what is happening.

New Market Comment -

On Saturday one of the auctions I attended was of a 2-bedroom villa unit in Brunswick. After the quote range had been moved up during the campaign and unconditional offers were made, 5 people still fought out the property with it finishing at least $40k above the closest comparables in the area. The...