Here is the only capital city, where the property transaction numbers has increased in the past year

The Adelaide has been proved to be the popular amongst the buyers in the past 12 months with the figures revealing that it was the only capital city, which established the record a lift in property transaction numbers. It was found that it dropped in almost every other capital city. While the Adelaide bucked the trend, it was found that it only just scrapped into the positive territory with a transaction levels lifting up to 0.2 per cent. The biggest drop in sales department was seen in the Melbourne, which was down by 21.4 per cent in the 12 months to October.

The high priced was initially seen in the Sydney property market, where it was experienced a very significant drop as well with the sales numbers down by 18.2 per cent.

The Darwin transaction numbers also fell by 12.5 per cent, Canberra 6.2 per cent, Perth, 5.3 per cent and Hobart 4.9 per cent. According to the CoreLogic in the year to October there were 451,461 settled property sales in the nation.

The report also said that although sales remained much lower than they were a year ago, over recent months there had been a lift in settled sales.

“Importantly these figures only count settled sales; off-the-plan sales are unsettled and will not settle until they are completed, at that time these sales will be counted at their contract date,’’ it said.

“Given this, it is expected that recent years of sales activity will be revised higher over the coming years once these settlements occur.’’ The report further added.

How to held a hot Auction

Dan Ware, who is a licensed real estate agent and a very good auctioneer with the LJ Hooker in sub-tropical Rockhampton in Queensland, has a few amazing ideas about hosting the successful auction on a hot day. “Auctions are on the rise in this part of the world and having one certainly reduces the total days on market, which is attractive to sellers. If it’s hot – and it usually is – we just adapt,” Ware said.  So, folks today hear from him how you can held up a nice and warm auction.

Few things are the key to just ensuring a very successful action.

1. The Prominent Timing

“Firstly, we set an appropriate time for the auction and often have them early in the day, before the heat really kicks in,” he said.

2. Preferred Location

“Then, if the auction is on-site, we ensure we have a shady spot for it to take place,” Ware said.

Ware said, "genuine buyers will always turn up for an auction, despite the conditions".

“It might be a bit uncomfortable, but if a house ticks all the boxes for a buyer, they will be there, hot or not,” he added

“People can be pretty laid-back up here, so it can sometimes take a bit for an auction to get going, but having an auction campaign means the vendor has a good sense of what price their property might make, because people have already been through and given their feedback. And as an agent, we have an indication of how many genuine buyers are out there.” he further added

The market in Rockhampton is “on the up”, Ware says, thanks to low-interest rates and recent news that a nearby coal mine is hiring new staff. “If mining gets up and going again, we expect the investors to flock,” he said.

So, here was the full or can say partial glimpses of holding an amazing and warmed auction.

The Property set to become ‘worst investment’ this time

The latest expert has just warned of a down turn in the property market, the economist Chris Richardson of Deloitte Access Economics said, “Property was set to become the “worst investment” over coming decades.”

Mr Richardson has told the AFR, “A looming bust in apartment prices and the fact that official interest rates won’t stay low forever could lead to a shake-out.”

His comments are just following the Reserve Bank of Australia warning that came on Friday about the very possible oversupply of the inner city apartments.

These all things have just added up to the difficult time, which is ahead but Nigel Stapledon, who is of the UNSW Business School said, “he didn’t think the scariest of scenarios would happen”

Dr Stapledon also said, “it was possible real estate could become the “worst investment” but a rise in interest rates would also impact other investments including the bond market.”

“The fact that interest rates are low means that returns (in general) are going to be low,” he added.

Even though if the interest rates didn’t go up, Dr Stapledon, “said it was unlikely people would see huge gains like before.”

“More recently we’ve experienced people doing very well out of housing but that’s in part because of low interest rates driving asset prices up,” he said. “That’s a one-off and that’s not going to be repeated.” He added further.

So, this startling news is a warm the ears of the investors that, it’s not the perfect time to go for investment.

The season of the auctions

This month can be considered as the auction season as there are many auctions holding up and the people are making profits from it. Recently, about $8 million worth of the property was sold at the Ray White Commercial GC South’s recent in the room auctions.

The Ray White Commercial GC South principal Jared Hodge talked about his success auction part and said that the Currumbin auction was the tremendous success with 10 out of 13 properties sold out.

He also said that it was also the raised expectations for the Summer Spectacular at the Twin Towns, and the Tweed Heads January 22, 2017.

“We are finishing 2016 with a bang and now we look forward to another great auction event to usher in the New Year involving the combined efforts of all seven GC South offices,” he told.

“Twin Towns has been booked out for the Summer Spectacular and we are aiming to have more than 50 commercial, residential and rural properties on offer on the day.” He said.

“Last year was an outstanding result with 29 out of 40 properties sold, resulting in sales of more than $16 million.” He added

The Ray White’s chief auctioneer Mr. Philip Parker will be in charge of the further proceedings at the Summer Spectacular.

“Attending our Auction Spectacular on January 22, 2017 is also a great way to get up to speed on what the local market is doing,” he said.

“List your property for sale or just come along on auction day and join in the excitement.” He further added.

This time feels to be a great time of the year as the big real estate business men’s are just making terrific profit.

The Real Estate Warning

The real estate buyers and sellers have been warned about the very amazing thing they are told  to wary of online companies promising to connect them with the best possible agent in their area to help with their property transactions.

Most of the consumers assume the consolidation, once contacted, they just go for checking all the agents operating in their suburb, who are carrying out due diligence on them and then thin k and afterwards work out which ones is the best suited for their needs. But in the present time it’s a trend or don't know what’s there they just turn out to be simply computer programs aggregating agents in the suburb and passing their details and fees on with no checks or balances – and then they are claiming for the commission from any successful agents.

“Some of their claims are very misleading,” says the agent Doug Driscoll, the CEO of real estate agency Starr Partners. “To read their ads, you’d assume they do all the legwork for you as the consumer. But most of them don’t.

“They’re just automated systems that, once you’ve put in your details, spit out agents and then demand to be paid from the agents – who have often already been in touch with those vendors — and threaten legal action.”

There is a one services, named Local Agent Finder, that says that they’re in the process of improving their operation. Chairman and one of the founders Rupert Greenhough says from now more and more information would be rendered to the consumers, with endorsements from other customers later this year or early next.

“And on the agent side, a new agent portal is being progressively rolled out at the moment,” he says. “From time to time, we’ll inevitably have disagreements but over time we’re working to increasingly reach out to our customers.”

Which option is suitable? Can anyone guess?

Next Booming Suburbs

There are few facts you may not know about Melbourne sunny suburbs. Extensive investment in infrastructure and amenities will drive demand for property and pull up prices. The property market in the city of Casey, in Melbourne south-east has been growing with many suburbs attracting rising sales activity. The area’s rising population demands new housing estates and the state government long term planning document has identified several suburbs in Casey to play a major role in service delivery and creating employment. There are few more cities that are going extremely well in housing estates.

    Logan city

Logan city combines affordable property, good infrastructure and proximity to job hubs, many of the region older suburbs have been revitalized through urban renewal projects and Logan is already one of the fastest growing municipalities in development on the way.

     Morton bay,

The region offers affordable housing as well as good rail and road links to Brisbane and the sunshine coast, making it a strategically placed property market.

     Sunshine coast,

Billions of dollars in service upgrades, including the development of a $5 billion medical hub, are driving an influx of new jobs to the area, in the process, boosting demand for housing.

     Hobart, Tas:

Tasmania’s economy is rising on the back of big improvements in tourism and business investment after years of lackluster economic activity. The property market has started to respond, with sales activity steadily improving since 2012.  

  These were the few suburbs that can give you a new lease of life.

        

Melbourn Real Estate price is continuously climbing

When talking about Australia, how one can forget to address the elephant in the room , means Melbourne. 
The market of Melbourne is one of the best for sellers of houses and apartments in a number of years, REIV CEO Geoff White has announced this.

While releasing the latest property prices for the every Melbourne suburb, he said that the Spring market is delivering everything  that the home sellers needed: solid price growth, high clearance rates, and off course the strong buyer demand.

In the month of September, the city’s median house price increased from 3.2 per cent to $740,000 Melbourne-wide, he told.

“The median price increase is taking place in tandem with a Spring clearance rate of close to 80 per cent, the highest in seven years,” he added.
Everything is basically aligned for the sellers, who are benefitting from strong buyer confidence and record low interest rates.
Talking more the Melbourne’s inner and middle suburbs, those were the main growth drivers in the September quarter with house prices in these regions was up 4.2 and 3.5 per cent respectively.

 Well, After two such successive quarters of strong price growth, the city’s outer suburbs also recorded more moderate growth of 1.1 per cent. 

Apart from this the apartment prices across the city also increased in the September quarter with the metropolitan median up 2.1 per cent to $545,500. 
As the price is climbing high it can be said that  the investment in the suburbs of the Melbourne is a nice option to carry on, as it seems benefiting in a long term.