Archive for the ‘Uncategorized’ Category

3 reasons why selling this winter makes perfect sense

At the end of December 2015 I wrote a post on my 3 predictions for the market in 2016. As we approach the halfway mark of 2016, I wanted to revisit this and take stock of where we’re at: The bubble won’t burst, there will be growth: we got this one spot on. In fact, according the CoreLogic RP Data Sydney saw 4.5% growth on the median house price January-April. International and local demand will remain high: Tightening in legislation in China on restricting capital outflows, coupled with lending changes by our major banks, means international demand has... View article »

Under-quoting: Fact or fiction?

I support any regulation that increases transparency in real estate transactions and improves the perception of our industry in the eyes of the public. The new legislation attempts to provide more clarity around what constitutes under-quoting, so I’m broadly supportive. I’m not suggesting this practice of under-quoting never happens however, is it a widespread problem in NSW – the answer is no. Why do I say that? Fair Trading do a great job protecting consumers’ rights and they’ve been looking at this issue for years. Section 73 of the Property, Stock and Business Agents Act 2002 (The Act) makes underbidding an... View article »