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The Sydney property market (median house price) has held remarkably well over the last six months, albeit with a small price decline. Melbourne faired far worse than any other capital city. There are two divergent scenarios that can unfold from... Read more
There are always exceptions to the 7 Auction Rules. Here, I enjoyed a robust battle of wits with the auctioneer. Great auctioneer and top bloke. If you love a good battle of wits as much as I do, watch... Read more
Our clients don’t hold back on their reviews. Hear how one client describes her experience. “Alex nearly gave my husband and I a heart attack at auction! He was playing it so cool that we thought he was not... Read more
The bidding for this property opened at $1,400,000. I started bidding at $1,701,000. The property sold to my clients for $1,751,000 after I bid only 3 more times. Guess what? Our auction fee was again complimentary. Want to... Read more
I approach each real estate auction as an open reveal Poker Game intermingled with Mexican Standoffs and subtle Psychological Warfare tactics. I can read the auctioneer and size up the other bidders. I know when and how to... Read more
While it certainly is true that higher interest rates increase borrowing costs, this generally happens in periods with higher economic growth, rising inflation, rising incomes, higher levels of employment and increasing consumer confidence. House prices also fluctuate on supply and... Read more
I have been contacted by a prospective purchaser seeking assistance with bidding on a property she was interested in and advertised on openn.com.au; and credit advice and brokering on her loan. The short answer was "Welcome to online auction bidding".... Read more
An Oatley apartment was sold at auction on Saturday 30 November 2019. I was not surprised that there was a dozen or so hopeful bidders, with several bidding relentlessly. The successful bidder paid 47.8 times earnings ( (rent less outgoings)... Read more
Property Auctions Bidding at Auction need not be daunting or intimidating. Most auctioneers are predictable in their style in order to lull bidders into feeling secure. They also make efforts to create pressure and excitement so that an immediate sale... Read more
House Price Indices Changes in house prices measured by this index are nominal house price movements. In isolation, this is not a true and accurate measure of property trends and price deviation from fundamental values. What Drives Property... Read more