Property News and Media

This topic comes up so often, particularly with buyers who are new to Australia, or unfamiliar with the quirks of Victorian auction rules. The relationship between the auction quote range and the vendor’s reserve is nil. So many people misunderstand the legal rules though, and in particular the fact that our legislation does not require…

Last week I was pondering the impact of the recent ANZ bank economist headline, suggesting that property prices are about to decline by 20%. We’ve seen and heard these headlines through the cycles, and I cast my memory back to some of the fearful advice I received when I started out in property investing all…

For over a decade now, we have witnessed median house price growth outpacing unit growth. Historically, this wasn’t always the status, and this dated Corelogic chart shows some 25 years of house and unit price movement nationally staying reasonably in step. However, it is interesting having a retrospective look at a ten year old case…

We often hear sad stories out of the England and Wales about gazumping efforts and ‘chains’, (their intricate balance of consecutive property sales contracts from vendor to seller to vendor.. and so on). Unlike Australian property law, contract execution in these two countries can be held up by other processes in the ‘chain’ that are…

Since the GFC, this term has become a well-worn one in banking and finance circles, but so few understand what it really means, and why it’s become so important. Recent news articles in this past week suggest that it will strike again, and some commentators, agents and investors alike are mindful of macro-prudential measures being…

I recently listened to Professor Richard Thaler speak on the ABC about his work in the field of economics. In 2017, Thaler was awarded a Nobel prize in his field for his work on Behavioural Economics and his work has been instrumental in government policy, retail, health, and many other applications. What intrigued me when…

Ever wondered why a buyer’s advocate might position themselves in a particular spot outside the property when the auction bell rings? And have you seen an advocate move to a new position as the auction unfolds? They are, most likely identifying their competition and preparing for a battle. Often people ask how we know who…