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Realestateviews.com.au

Name: Realestateviews.com.au
Address: 300 Pigdon Street, Princes Hill, VIC, 3054, AU
Telephone: +61412007520

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Princes Hill, VIC
Realestateviews.com.au

RealEstateViews.com.au (REVS) assists home owners sell their property.

We research the top 3 Agents in your area, then discuss this with you, and then recommend the best A
gent and the best strategy to sell your property, all at no cost to you.

03/07/2022

WIN A HOLIDAY - prize drawn on Saturday 9 July 2022.

At a hotel/resort in Australia, New Zealand, Fiji or Bali.

For a stay of 3, 4 or 5 days depending on the hotel/resort, all of which are at least 4* (Tripadviser rating) for 2 adults plus 2 children under 12.

Additional days and additional guests as agreed with the hotel/resort.

The Winner has 18 months to plan and travel to the destination of choice.

Prize is worth around $1,000+. Does not include travel.

To be eligible, contestants must be home owners and request an Appraisal by an Estate Agent we have researched as the best Agent for your property in your suburb/town.

For inclusion in the draw on 9/7/22 please text 0412 007 520 anytime or phone Robert Mon - Sat between 9 and 5 and we’ll forward an application form to you.

Wishing you the best of luck.

02/07/2022

FREE PIG FOR BUYERS IN PARTS OF CHINA

Some Chinese property developers are going to extreme lengths to attract buyers.

A collapse in sales has accelerated since developer Evergrande defaulted on its debt last year as the economy has slowed.

From accepting grain or garlic as part payment, to offering live pigs as an incentive to buyers, the unusual sales tactics underline the dire state of China's vast real estate industry.

Also, for vendors thinking of selling we offer a Free HOLIDAY.
Just contact us to find out terms & conditions.

23/06/2022

IT IS CHEAPER TO BUY THAN RENT IN SOME LOCATIONS

New research has revealed less than 10% of homes in NSW are cheaper to buy than rent which is far less than the 27% of homes across Australia.

The latest PropTrack Buy or Rent Report released this week indicates that despite price rises across Sydney leaving rental houses cheaper than buying, many pockets to the southwest and west of the city aren’t significantly pricier than renting.

According to the these reports, suburbs on the central coast such as Spencer and Gunderman top the list of the cheapest places to buy rather than rent.

Spencer in particular offers buyers a $644 saving per month.

Other commentators and analysts predict that rents are likely to surge.

Vacancy rates are now at their lowest since 2006. Rents have increased by 11% over the last year and 13% in regional areas.

06/06/2022

FIRST REPORTED DROP IN HOUSE PRICES SINCE LATE 2020

CBA, our largest bank, reported that the monthly median value of Australian housing decreased over May by 0.1%, marking the first recorded decrease since late 2020, coinciding with the start of the COVID-19 pandemic

According to CoreLogic, this reduction was felt at its strongest in capital cities, which declined by 0.3% over the month, driven almost entirely by Sydney and Melbourne, which reported losses of 1% and 0.7%, respectively in May.

This was Sydney’s fourth consecutive dip in house value.

CBA said that part of this decline was the result of a reduced demand for housing, with the major bank attributing Melbourne’s loss of appetite to affordability constraints, higher interest rates and high debt levels.

A friend attended an Auction in Brunswick, VIC last weekend and was astounded by the winning bid, way over the reserve.

As always, there are still pockets, and suburbs, which are defying the trend.

04/06/2022

WINNER OF 2 CINEMA TICKETS THIS WEEK IS NIDHI V.

We are running a contest to win 2 Cinema Tickets every Saturday in June.

Today’s (4/6/22) Winner was Nidhi V. from Sydney.

This week we are running the contest in Melbourne as well.

Winners can choose a date and film of their choice with the tickets delivered as e-tickets.

Remember, contact RealEstateViews.com.au when you are planning to sell.

02/06/2022

We ran a Hamper contest in May.

This was won by Nicole L. from Longwarry, VIC.

Rather than receiving one very large Hamper, Nicole opted for 3 smaller but still very special Hampers, one of which (a Baby Hamper) she will be giving to a young family member who is quite ill.

Nicole was over the moon on 31/5/22 when she heard she had won.

The Hampers are now on the way, via Australia Post.

We wish Nicole and her young family member all the very best.

30/05/2022

WHAT IS THE IMPACT OF THE NEW GOVERNMENT ON THE HOUSING MARKET

Experts say that the new Federal Government under Anthony Albanese will only have minor impact on Australia's housing market compared to the impact of soaring interest rates and low supply.

Albanese and the Labor Party won the 2022 Federal Election by campaigning on a ticket of addressing the rising cost of living.

This included a housing policy that proposed the federal government sharing up to 40% of a property's purchase price with first home buyers.

The policy, however, is capped at a maximum of 10,000 places - a figure that is not high enough to have a material impact on the market (extracts from 9News).

15/05/2022

WILL THE RECENT QUEENSLAND FLOODS AFFECT PROPERTY PRICES?

Torrential rain that sparked widespread flooding across south-east Queensland won’t dampen the region’s booming property market, experts say, with interstate and overseas buyer rates still on the rise.

Despite some homes in Brisbane’s flood-prone zones suffering complete inundation for the second time in 11 years, industry figures believe property prices overall are too resilient to falter.

Historical data from the city’s flood-hit suburbs revealing medians in some pockets more than doubled between 2011 and 2021 (data from SMH).

One property expert said that “property prices in afflicted areas could cop a short-term loss but would be resilient in the long term”.

Overseas and interstate buyer interest is likely to strong and is expected to bolster local prices.

In addition, the 2032 Brisbane Olympics will be a factor in long-term housing market confidence.

One negative aspect is that a number of properties in flood affected areas will find it difficult to insure. That will make buyers in those areas a bit hesitant.

If a property cannot be insured it may be more difficult to obtain mortgage finance. LMI (lenders mortgage insurance) may also be an issue.

08/05/2022

POPULATION GROWTH PUSHES GEELONG, VIC HOUSE PRICES TO NEW LEVELS

Surging population growth is pushing Geelong house prices to new levels as buyers blow away lingering effects of pandemic lockdowns.

New data has revealed the magnitude of the rise in values over a decade.

Wandana Heights was the city’s most expensive suburb in 2011, when $541,000 bought a median priced house on the edge of the Barrabool Hills.

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Costa plans development around waterfront mansion

Record prices for up and coming Geelong suburbs

But Newtown has wrested the mantle as the city’s premium suburb with a $932,000 median price today and pundits predicting it on target to reach a $1m median by year’s end.

Newtown is the most expensive suburb at $932,000. 39 Virginia Street, sold for $2.6m in November.

Central Geelong has shown the best growth over the decade, with the median price rising $442,000 in 10 years to $902,000.

That’s $20,000 short of double the 2011 median price, the analysis of Hometrack data shows.

The best percentage growth was achieved at Manifold Heights, which has hit $837,500.

House prices in Geelong West, East Geelong, Herne Hill and Norlane were among the best performing over the decade.

07/05/2022

AVERAGE MONTHLY MORTGAGE REPAYMENTS INCREASE BY $65/MONTH

The Reserve Bank of Australia (RBA) increased the official cash rate on Tuesday 3rd May for the first time in more than 11 years.

Three of the big four banks took no time in passing this on to customers.

The cash rate increased by 25 basis points from 0.10% to 0.35%.

The average owner-occupier with a 25 year $500,000 mortgage will see repayments rise by around $65/month.

The RBA Governor, Dr Philip Lowe, said he was aware of the central bank's role to play in controlling inflation.

Mr Lowe said "The Board judged that now was the right time to begin withdrawing some of the extraordinary monetary support that was put in place to help the Australian economy during the pandemic. The economy has proven to be resilient and inflation has picked up more quickly, and to a higher level, than was expected. There is also evidence that wages growth is picking up.”

02/05/2022

FIRST DECLINE IN PROPERTY SINCE 2020

Australia's two biggest property markets have experienced their first quarterly decline in prices since the onslaught of COVID-19 in 2020.

New data from property firm CoreLogic showed that in the last three months Sydney property prices fell 0.5% to just over $1.1 million while Melbourne's prices fell 0.1% to $806,144.

The prices – which represent the median of both freestanding houses and apartments – are still far higher than they were a year ago, with Sydney still boasting an annual lift in prices of 14.7% and Melbourne a growth of 8.4% over the past 12 months.

01/05/2022

Hamper Giveaway starting soon

Address

300 Pigdon Street
Princes Hill, VIC
3054

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+61412007520

Website

http://www.realestateviews.com.au/

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