Australia is living its dream of being the land of the largest properties but at the same time it is doing equally well for a horde of small one-bedroom units. Michael Yardney for the Property Update writes how such properties are appealing to the 4 chief types of buyers:
Archives for April 2013
Archives
Sydney Home Values Surpass Their Previous Peak
In his latest article, Cameron Kusher, senior research analyst at RP Data, states that home values of mid-range suburbs across Australia’s capital cities have increased this year.
In Sydney, housing prices for both the mid-priced and the most affordable segment have risen above their previous peak this year. On the other hand, home values of the most expensive suburbs are decreasing.
Home values have risen above their previous peak by 2.8% across the most affordable Sydney suburbs and by 2.4% in the middle priced suburbs. The most expensive Sydney suburbs have been noticeably weaker by losing about 3.9% compared to their previous peak.
You can read the full article here.
The Importance of Hiring a Property Manager
Managing your own investment property could have its advantages and disadvantages. What a landlord like you should keep in mind, however, is that saving money is not always the best option. Sometimes, it could cost you much more in the unforeseen future. So, here’s a list of advantages if you hire a property manager.
Print Media Real Estate Ads – Jurassic Practice
In a recent article for the Property Observer, Terry Ryder talks about print media advertising for real estate agencies. He cites the example of a Melbourne based agency that decided to stop all printed newspaper advertising. In their words, advertising in newspapers is somewhat “Jurassic” in nature. Have you tried looking for a 4 bedroom apartment in Double Bay using a printed newspaper recently?
The question of many is that why has it taken so long for such agencies to actually realise the importance of online marketing for real estates as opposed to newspaper ads. There are a few real estate agencies that have been doing their advertising online for around 10 years now. These days, clients are becoming outraged that some agencies still charge them a huge amount of money for advertising.
Real Estate Agencies’ Ulterior Motives for Print Media Real Estate Ads
There are speculations that some agents get a commission for every ad that they refer to a newspaper company. If you also notice, it is usually the real estate agency’s own logo that is most prominent, rather than your home that they are trying to sell. So the agency really gets free advertising using your money.
The Convenience of Online Marketing for Real Estate
By doing online marketing, it is easy for buyers to filter the property that they are interested in. They can filter location, price and type of property. Not only that, most people these days would like to browse through pictures of the property first and save a lot of time and energy. No longer will they have to visit each property to have a good look.
So, if a real estate agent advises you to spend tons of money for newspaper advertising, I agree with Terry Ryder: kick this agent out and hire a new one.
Read the full article here.
More Women Own Homes than Men
Why Your Property Investments Are Doing Badly
It’s a fact that investing isn’t easy, especially for those who are afraid of taking risks. If you’re an investor, you might be interested in what Michael Yardney, director of Metrolpole Property Strategists, says about the reasons why your investment is doing badly. Yardney highlights the 10 most common mistakes newbie investors make that regularly result in losses. He also indicates how pro investors overcome these mistakes to accumulate profits.
There are no fixed rules on how you can succeed in property investing however there are some valuable advice from those who succeed. Although you can’t emulate all the things that they do, you can have a basic understanding of how the world of investing works. It’s part of the process to commit mistakes. Whether it’s a few dollars worth of mistake or a thousand dollar worth of mistake, the only thing that matters is the lesson you’ll get from it. Once you know what won’t work, try something else. Never stop trying and learning. Just be sure you minimize the risk of failure as much as possible.
You can read the whole article here.
As a property investor, what advice would you give a newbie investor today? How do you take good care of your property investments?