As a media commentator and property investor, I do a lot of industry-related reading to keep my finger on the pulse. Every day I read new articles, blogs and books written by a variety of sources - both good and bad - as it’s important for me to keep an eye on the latest property news coverage and conversations.
I thought I’d share a few of the interesting reads with you, and in doing so, hopefully save you some time searching for articles and weeding out the good from the bad. There are so many opinions out there, I’ve hand-picked the ones worth watching.
Here are 5 articles I’ve read and found interesting this week:
What Opportunities Exist in a Slowing Property Market?
Overview:
Dinah Lewis Boucher discusses the outlook for Australia’s economic market in 2019, and the threats and opportunities this creates for property buyers.
Why I found it interesting:
Despite the gloomy headlines and negative property stories, buyers need to realise there is a silver lining, as outlined in this article by Boucher. She explains that Brisbane is looking very positive due to higher levels of interstate migration.
Property Listings Surge in Challenging Market
Overview:
Ted Tabet summerises SQM research implying that vendors had a poor Spring selling season and were still trying to move their properties at the start of 2019.
Why I found it interesting:
Good article that highlights the robust research by SQM showing that listing volumes have surged in both Sydney and Melbourne due to market slow down. With price decline it takes longer to sell property and therefore listing get backed up. At some point the market will find a floor, but while the volume of listings rises it gives excellent opportunities for buyers to have a wider selection of properties.
Agents report seeing ‘more zing’ from buyers at weekend auctions
Overview:
Chris Tolhurst reports on increased buyer enthusiasm for inner-suburban properties, and outlines recent sales, the interest in them and the prices reached at auction.
Why I found it interesting:
Tolhurst has succinctly reported on the phenomenon of renewed optimism which is common at the start of the real estate season. Buyers that have been hibernating on holidays, and are now back to work with kids back at school, are now resume their usual property hunt. The initial excitement at the start of the year has translated into auction clearance rates above 50% level.
Buyers shrug off negative commentary on market as properties soar over reserve
Overview:
Domain report a high number of bidders at weekend residential property auctions and agents say buyers are displaying a greater preparedness to make decisions.
Why I found it interesting:
This article proves a timeless point about real estate - location and position are a key determinant of value and quality properties will hold their value despite general market conditions.
When there is limited supply and high demand, the natural outcome is often property prices going above reserve. The danger in a falling market though is to avoid over-paying for real estate. That’s where a buyer’s agent provides accurate advice on current market value and removes emotion from the buying or bidding process.
I hope you’ve enjoyed these articles - stay tuned for more of my recommendations soon!
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