There ‘s a lot to be said about ‘price relativity’, that is, two adjoining suburbs will be very similar but one may be slightly more expensive. It will always remain so but the price will still be x% above its neighbour.

Growth will still occur, prices will be skewed by development, new land releases or catastrophic events etc which will have a flow-on effect albeit short-term.

Peter, as far as I can tell, in NSW at least, the PSBA requires anyone who acts/purports to be a rea to hold a licence.
Why? Bureaucracy!? Even a degree qualified valuer can’t transact property.

I could suggest Terry but I’d get barred!

now I thought you were going to suggest something like …smashing it, breathe in the dust, wait 20 years & if you’re deceased it may be a positive result.

PS: don’t try this at home.

Good luck with the book.

Bubble , no. In need of a correction, probably yes.

How is it apparent? Longer days on market, lower auction clearance rates, lower median prices (reflecting no new stock or poorer quality sales) & reduced asking prices.

• This reply was modified 10 years, 6 months ago by  Scott No Mates.
• This reply was modified 9 years, 4 months ago by  Jinghong Chiu.

Phil , the sales market is quite weak at present – look @ days on market & the level of discounting that is occurring, agents won’t tell you that.

You may look to buy a 2nd property & take advantage of the weak conditions vs strong rental market especially if you have the equity & ability to pay $30k pa

You will probably find that the property has not appreciated since purchase but would have dropped 10% or more – just the nature of new buildings, so don’t bank any windfall gains just yet.

Due to high transfer costs you might look at taking out some equity & buying again.

OK, assuming that you have paid CC for access to their website – you are bound by the terms of their agency agreement (buyer's agency – not sure what CC do for you for the money that you have paid but obviously many people use them so they must do something). You have trawled their website & viewed the links to various CF+ properties (sure the addresses may not appear or the names of the shops/street numbers etc) but you have accessed their website to point you towards properties which they have identified as fitting your requirements.

If you then go ahead and purchase one of the properties identified (without having CC do the negotiations, confirm addresses, pricing etc), then they may have a slim chance of saying that CC had introduced you to the property (after all, unless you have erased your HDD & account login detail etc, there may be some trace of you having viewed certain properties prior to your purchase.

On the other hand, if you see that there are plenty of opportunities in Brewarrina, you might then do your own investigations on other properties located in the area without further reference to CC. In this case, there would be a very low chance of discovery by CC as there would be no record of you having searched these properties.

Simple truth of the matter, you probably cannot get compensation from the property manager. Essentially, the decision to accept or reject a tenant lies with the owner, not the agent (they may recommend but not make the ultimate decision).

From the sounds of it, the tenants have caused some damage to the deck but not irrepairable – yes the deck cost alot but it is still useable at the end of the day – sure it needs to be cleaned and possibly have the holes patched or the few slats replaced however it is not unusual for a deck to be used or misused by tenants.

Where you could prove negligence on behalf of the agent, then you may have a chance (about the same as a snowball in hades). Do they have a record of the "water damage", was it noted on the interim inspection reports? Why did the PM not buck up about the lies/falacious report?

generally no but unless you die or were declared insane there’s few options