Ashley Best

Vendor discounting falls from 4.2% to 3.6% There's been a sharp reduction in the national rate of vendor discounting over the past year, reflecting a heating up of the market during that time. Between the quarters of March 2023 and March 2024, the median vendor discount across Australia fell from 4.2% to 3.6%, according to CoreLogic. As the graph shows, discounting declined in every capital city except Darwin. Vendor discounting refers to the gap between a home’s initial listing price and its final selling price. A decline in discounting activity means the market is heating up, because more vendors are able to attract a buyer without reducing their price. #property #realestate #homeloans

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Have you had any experience with squatters? Source: SBS News #investinghacks #realestateinvestment #homebuyersagent #newhome #investment #investmentproperty #propertyinvestment #financialfreedom #australianproperty #buyersagent #buyersagency #buyersagentaustralia #realestate #realestateinvestor #realestategoals

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BRISBANE MARKET CHALLENGES | Primary Residence/Owner Occupied Buyers 1. Limited Stock of Turnkey, Ready to Live Properties One significant challenge we're observing currently is the limited stock of turnkey, ready to live properties. Exceptional homes, particularly in blue-chip locales, are in high demand and are being secured almost instantly. This scarcity is creating a highly competitive market where buyers need to act quickly and decisively to secure their desired property. For those seeking a move in ready home, it's crucial to stay informed about new or upcoming listings and be prepared to make swift decisions. 2. Indecision Among Owner-Occupier Buyers Another major challenge is the indecision among many owner-occupier buyers. They're unsure whether to list their current home first to be ready to buy, but worry about not finding the right property in time. On the other hand, arranging bridging finance will alleviate timing issues but introduces additional financial burdens. This dilemma often results in analysis paralysis and missed opportunities. 3. Fluctuating Price Points Fluctuating price points in Brisbane’s bluechip areas add another layer of complexity. Determining the true value of a property can be challenging, and we've seen buyers miss out by being overly opportunistic with their offers. The ever-changing market means that what may seem like a higher offer today could quite simply be the norm tomorrow. 4. Time Given the current stock levels and competition, the time commitment required for a proactive property search. Many buyers are struggling to dedicate the necessary time to stay ahead in this fast-paced market. Balancing work, family, and a thorough property search can be incredibly overwhelming even for experienced buyers that have transacted on property before. Staying informed about new or upcoming listings, evaluating financial options carefully, and making competitive offers are key steps. Leveraging the expertise of market professionals can level the playing field and provide the insights needed to make confident decisions. If you are, or know of an owner-occupier buyer struggling to find the dream home, my team is here to help. Reach out to me directly for a confidential discussion. #BrisbaneRealEstate #OwnerOccupiers #HomeBuyers #RealEstateExpert #TeamOsborn #Prestige

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makes buying so much easier using a Buyer's Butler buyers agent

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🏡 Planning your first home purchase? Don't forget these essential costs! Let's make your dream home a reality! 😊 Do you have any questions? Contact us today. 🔗 Link in bio 📲 0416 179 876 📩 erik@micah.com.au #micahfinancesolutions #FirstHome #HomeBuyingTips #financialplanning

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐑𝐞𝐧𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 As of April 2024, the Australian rental market continues to show dynamic changes across various regions. This summary provides an insightful look into the median weekly rents and their percentage changes on a monthly, quarterly, and annual basis. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 •Sydney holds the highest median weekly rent at $770, with a 1.0% monthly increase, a 3.0% quarterly rise, and a substantial 9.0% annual growth. •Melbourne and Adelaide share a median weekly rent of $589. Melbourne experienced a 0.8% monthly increase and a 9.6% annual rise, while Adelaide saw a 0.6% monthly and 9.1% annual growth. •Perth shows a significant 13.6% annual increase in rents, reaching a median of $669 weekly, indicating strong demand and price growth. •Hobart presents a unique case where the annual change in rent is slightly negative at -0.2%, despite a modest 0.2% monthly increase. •Darwin experienced a slight decrease in monthly rents by -0.3%, with an annual increase of 3.5%, showing some fluctuation in its rental market. •Canberra has a median weekly rent of $674 with a stable growth trend, including a 1.9% quarterly and 1.8% annual increase. •Brisbane and Combined Capitals both show solid annual growth of 8.5% and 9.4%, respectively. 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐂𝐨𝐦𝐛𝐢𝐧𝐞𝐝 𝐃𝐚𝐭𝐚 •Combined Capitals: The median weekly rent is $659, with a 0.9% monthly and a 9.4% annual increase, reflecting overall robust growth in major cities. •Combined Regionals: With a lower median weekly rent of $540, the regional areas show a 6.4% annual growth, indicating steady demand in less urbanised areas. 𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 The data indicates a healthy growth trend in the Australian rental market, with major cities like Sydney, Melbourne, and Perth showing significant increases. The regional areas, although having lower median rents, also reflect stable growth, suggesting a balanced demand across the country. Whether you are a tenant or an investor, staying informed about these trends can help you make better decisions in the ever-evolving real estate landscape of Australia. Source: corelogic

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There are more buyers than properties in Newcastle. Every week for our clients, we review all the sold results of properties in Newcastle and give commentary on whether the result was fair, or good for the buyer or vendor. Usually, most results are fair and there's a split between the vendor and the buyer. This week, with extraordinarily low stock, we've seen a lot of the sale results tip in favour of the vendors. With limited options to choose form, buyers are feeling the squeeze and paying extra to secure opportunities. It's more important now than ever to identify opportunities in isolation rather than competition.

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𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬 𝐆𝐚𝐢𝐧 $𝟓𝟗𝐊 𝐖𝐞𝐚𝐥𝐭𝐡 𝐁𝐨𝐨𝐬𝐭 𝐢𝐧 𝐅𝐘𝟐𝟒! Australian dwelling values have 𝘀𝗼𝗮𝗿𝗲𝗱 𝗯𝘆 𝟴.𝟬% 𝗮𝗰𝗿𝗼𝘀𝘀 𝗙𝗬𝟮𝟬𝟮𝟯-𝟮𝟰, adding a remarkable $𝟱𝟵,𝟬𝟬𝟬 to the median home value, now sitting at $𝟳𝟵𝟰,𝟬𝟬𝟬. 𝐉𝐮𝐧𝐞 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: - Dwelling values increased by 0.7%, contributing to a steady 0.5% to 0.8% monthly rise since February. - Despite high rates and cost of living pressures, tight supply levels are driving values up. 𝐂𝐢𝐭𝐲 & 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞: - Perth leads the charge with a 2.0% rise in June, marking a 23.6% annual increase. - Adelaide (1.7% in June, 15.4% annually) and Brisbane (1.2% in June, 15.8% annually) also shine brightly. - Regional WA sees a 1.5% rise in June, with a 16.6% annual increase. - Melbourne and regional Victoria saw slight declines in June, but most regions are trending higher. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: - Strong demand, driven by interstate migration, particularly in WA and Queensland. - Severe shortages in listings in Perth, Adelaide, and Brisbane indicate high demand. For property buyers and investors, the resilience and growth of the housing market present exciting opportunities despite challenges. Don't miss out on these trends! #propertymarket #investmentopportunity #AustralianRealEstate #WealthBoost #homebuyers #realestatetrends #BrayePropertyBuyersAgency #corelogicdata

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Revealed: The regional hotspots where Australians are relocating The trend of Australians moving from cities to the regions continues to grow beyond pre-pandemic levels and is becoming a "sustained population trend", according to the Regional Movers Index. #greenchange #seachange #treechange #sunshinecoasthasitall

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Discover how our Sydney clients have achieved up to 1𝟶% 𝗖𝗔𝗣𝗜𝗧𝗔𝗟 𝗚𝗥𝗢𝗪𝗧𝗛 on their property in under 6 months🚀 Ready to maximize your investment? Get in touch for a free call! #InvestmentSuccess #WAProperty #CapitalGrowth #HappyClients

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Do you have any other tips on picking good tenants? #investinghacks #realestateinvestment #homebuyersagent #newhome #investment #investmentproperty #propertyinvestment #financialfreedom #australianproperty #buyersagent #buyersagency #buyersagentaustralia #realestate #realestateinvestor #realestategoals

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Buyers agents are still a fairly new concept in Australia and I get asked all the time... what on earth is a Buyers Agent? 🙋‍♀️ A Buyers Agent works on behalf of their client (the property buyer) to source property matching their client’s brief, negotiating with the vendor and/or selling agent to reach the best deal possible for their client. They are real estate professionals who are there to guide their client through the entire property purchasing process. 3 things you might not know about Buyers Agents: 💣 In Australia, Buyer’s Agents must be fully licensed and registered in the state/s they are practicing in. 💣 Legally they are able to work as both a Selling Agent and a Buyers Agent BUT not in the same transaction. 💣 Buyers Agents can source their clients pre and off-market properties that unrepresented buyers will never get access to.

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Do you understand what drives the Australian Housing Market and your property wealth? The Supply Fundamental of Established Supply #brickstowealth #buyersagent #buyersadvocate #financialfreedom #wealthcreation #passiveincome #propertyinvestment #investmentproperty #investment #property #propertytips #buyingproperty #realestate #australianrealestate #investorkit

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Are you looking to maximise your property sale? Find out how professional agents and early access can help you get the best deal possible! 🏡💰 #BuyGC #GoldCoast #BuyersAgent #PropertySale #RealEstateAdvice

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With our Packaged solution, everything is covered under the one roof, this means as a whole it is cost effective, more efficient with ease of management and peace of mind for our clients. #property #investmentproperty #investthroughsuper #smsf #superannuation #retirement #retirementplanning #wealthsolution #retirementstratgey #compassinvestmentconsulting #compassrealestate #holzworthpartners #holzworthlegal *This post contains general information; please keep in mind that the strategy or products discussed may not be suitable for your individual circumstances.

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Maximizing property investments in Australia can be tough, especially for modest incomes earners, it makes it even harder when you have no knowledge of the property market. On this episode of Off the Side Lines Property Podcast, myself and Daniel Peachey hosted real estate expert Jack Fouracre, and he shared his insights with us on how to maximize property investments whiles on a modest income. Get the strategies you need to succeed from industry experts. Subscribe to our podcast here: https://lnkd.in/gP_FA4Jb. Explore the property management services of Window Property Group. Schedule a free Consultation: https://lnkd.in/giYkJTAD #RealEstateAustralia #PropertyStrategist #PropertyPodcast #WindowPropertyGroup #OnisAsare

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Where are vacancy rates sitting at where you live? #investinghacks #realestateinvestment #homebuyersagent #newhome #investment #investmentproperty #propertyinvestment #financialfreedom #australianproperty #buyersagent #buyersagency #buyersagentaustralia #realestate #realestateinvestor #realestategoals

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