Wealth Accumulator wrote:
One minute the agents are getting blamed for overinflating appraisals, the next minute they are accused of lowballing.  Give them a break – they don't have a crystal ball – they can only go on what the latest trend is in any given area.The general issue with property is that due to human nature the owners often get…[Read more]

Hi Mark,I am an Agent in Cairns, and to answer your query, the Northern Beaches is the better area in which to invest, primarily as it is deemed as a higher socio-economic area and as such is in higher demand, particularly from renters. Our Property Manager regularly pleads with us in the Sales Dept. to bring more rentals to the table for him as…[Read more]

Edmonton used to be a small town, but with the new housing estates being created, it is growing fast. I think you've answered your own question by stating that there are 200+ new properties for sale and 80 + for rent. In real estate terms (as with anything really), it comes down to supply & demand. Yes you may be able to pick up a duplex for…[Read more]

In room auctions do have their benefits. Firstly it allevites any concern of bad weather that can affect on-site auctions. As 'arandomperson' wrote, In room auctions tend to have a good atmosphere if done correctly, and as long as the venue is not too far from your location, it is worth considering. If you have the chance prior to the proposed…[Read more]

HI god_of_money,You are right in the fact that there is a lot of new development there. The CEC group which has taken a battering on the stock market are offering discounts on their previous market prices to clear some of their stock, but with so much around the area, you would need to be in for the long haul to see any substantial capital growth.…[Read more]

I'm an REA in Cairns, and as much as it pains some owners, prices have indeed dropped. The reason for this is simple. It comes down to supply & demand. Compare your local real estate liftout on a Saturday compared to 5 or 6 months ago and you'll see what I mean (ours in Cairns has gone from 48 pages to 72 in the last 2 months. More people are t…[Read more]

1st step: Do your homework on the area you are purchasing in, check realestate.com.au for property in the are and make comparisons from there.2nd step: Get the agent to email a comprehensive photographic record of the property.3rd Step: Review the contract from the agent. Look for any 'Special Conditions' or Easments & Encumberances, then check…[Read more]

If you can establish a good relationship with an agent in the area you wish to purchase in, they should be able to assist you with no fees (I know I do). When I assist my clients, I receive a commission from my seller (If I sell property on my books), or arrange conjunction sales with other agents that have property that is suitable.If by chance…[Read more]

I would have to say tiles.When conducting inspections on properties with lino, the feedback from potential purchasers is definately for tiles over lino & carpet. Granted I operate in Far North QLD so the climate has a lot to do with it, but particularly if your property is tenanted, you can be sure that at some stage it will require replacement.…[Read more]

Hi patriotsoldier,From the front line, I can tell you that yes, there has been a decline in the market, no doubt about that, but if you are a cash buyer, there is probably no better time to secure investment property. Interest rates, costs of living etc have had an affect on property values, and some sellers are offering considerable discounts in…[Read more]