Good area in St. Leonards

Hey guys Looking for your valuable reviews on Ettalong suburb...I am planning to relocate there with my wife and 2 kids. Please share some reviews about good school schools in the area also. Thanks

Andrew Cooley recommends some strategies to win the bidding on the day of auction: 1. The show of strength When the auctioneer asks for an opening bid, get to work. "As soon as someone else bids, you bid straight away," Cooley says. You want to create the illusion to the market that there's no limit to the budget and you won't stop. 2. The split Start the bidding, bid hard to a certain point, then stop. But just at the very end when it looks like it's about to sell, go back in if you can still afford to. "You want the market to think, this guy's back in, he's not going to stop." 3. Go hard late The final strategy is the opposite of the first two. Here it's all about the waiting game. "You want other bidders to think 'far out, this guy's only just starting now, and we're near the end of the limit so what's the point even trying'." Source: x An auctioneer's guide to winning the bidding on th... An auctioneer reveals three bidding strategies that could save you thousands on your next property. www.moneymag.com.au

CoreLogic has released its final auction results for the week, with the clearance rate continuing to trend lower after bouncing following the first lockdown: Get more details at: x Auction market continues fade out - MacroBusiness CoreLogic has released its final auction results for the week, with the clearance rate continuing to trend lower after bouncing following the first lockdown:  There are 762 words left in this subscri... www.macrobusiness.com.au

Over the past two months, home values have seen a “mild” downward pressure with capital city dwelling values falling a cumulative 1.3 per cent, according to CoreLogic head of research Tim Lawless. However, Macquarie University business analytics professor Stefan Trueck said that properties sold, on average, 8 per cent below their valuation in May 2020 alone. According to him: “It is likely that Sydney house prices have already dropped more substantially than the public has been led to believe. Vendors and real estate agents have significantly reduced the reporting of sales results for houses and apartments in many suburbs.” House prices have fallen across most major capital city markets, except Adelaide, Canberra and Hobart, while unit prices have fallen across all major capital city markets. In Sydney, the final auction clearance rate fell across a higher volume of auctions during the previous week. There were 594 homes taken to auction, returning a final auction clearance rate of 60.6 per cent, lower than the 61.4 per cent over the week prior when 515 auctions took place. One year ago, a lower 394 Sydney homes were auctioned with a higher final clearance rate (75.7 per cent). Continue reading at: x Property market update: Sydney, July 2020 Throughout the COVID-19 crisis, Sydney property values have fallen by 0.8 per cent, while national capital has fallen by an average of 0.7 per cent. How will the NSW capital fare for the remaining mon... www.smartpropertyinvestment.com.au

The housing market continues to benefit from the low interest-rate environment, but some headwinds could test the effectiveness of the current monetary policy, says an expert. In its monetary policy meeting this month, the Reserve Bank of Australia decided to maintain the cash rate at its historic low of 0.25%. The current cash rate target has already been described by the central bank as the "effective lower bound". This means that the RBA does not think any further reduction in the cash rate would be beneficial for the economy. In fact, the average lending for new owner-occupier mortgages already fell to just 2.93% in May, down by 33 basis points since the start of the year. The cheap cost of mortgages, as well as government assistance and support schemes, will help boost activity among buyers, Owen said. "Record-low mortgage rates should support some purchasing decisions, especially when combined with initiatives such as the HomeBuilder scheme, the First Home Owner Grant, and various other demand-side stimulus from state and territory governments,"  "The Australian government's recent announcement that various income support measures will be extended is a welcome development and will support aggregate demand. It is likely that fiscal and monetary stimulus will be required for some time given the outlook for the economy and the labour market,"  Source:x Low rates still crucial for recovery There are, however, headwinds that could test the effectiveness of the monetary policy www.yourinvestmentpropertymag.com.au

Adrian Wilson, principal and director of AYRE Real Estate, has shed light on what he and his team have experienced during the pandemic – and how they’ve had to adapt their selling strategies as a result. Mr Wilson and his team scooped up the New Office of the Year Award at this year's REB Awards, produced by Smart Property Investment’s sister brand REB.  Mr Wilson’s top three things to expect when selling in a pandemic: 1. Longer days on market for private treaty and shorter days on market for auction “Many sellers are accepting pre-auction offers, which is reducing the days on market,” Mr Wilson said. “Whether you’re selling via auction or private treaty, often the best offers come in within the first week or so, so be prepared to jump on a genuine offer at the right level. 2. Increased advertising “Now is not the time to skimp on the advertising budget,” Mr Wilson told home owners. “Your agent should be proposing a well-rounded, wide-net approach or its likely you will be missing crucial buyer opportunities. It’s more important than ever to invest in a quality campaign.” 3. Less buyers through the door “But don’t panic, even though we are experiencing lower numbers, those who are coming through are generally more qualified. This isn’t a bad thing, as it means that serious buyers have a better opportunity to engage with the agent and inspect the property in detail,” Mr Wilson flagged. Continue reading at:x 5 tips for selling property in a pandemic There are five things home owners should be wary of when selling in a pandemic, according to an award-winning agent. www.smartpropertyinvestment.com.au