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Price, SA 5570 Review
Justprop Team member
Price
As Gary Brinkworth, the boss of the Herron Todd White valuation firm recently noted, some observers are expecting a subtle slowdown, while others predict a catastrophic collapse.
He added it can be difficult to keep up as markets adapt to the challenges around COVID-19.
“Some locations have seen monumental disturbance to their usual state of affairs, while others have barely registered a ripple,” he said. “COVID-19 has amplified the diversity of Australia’s resident property markets by location, price point and property type.”
Well informed valuers, like well informed estate agents, have the best insights on price direction. The slowdown in volumes of transactions in inner Sydney and the eastern suburbs made it difficult to ascertain any emerging pattern but HTW advised that in previous downturns the inner city market segment was most vulnerable to volatility in the upsizer price bracket, typically from $2 million to $3 million. Get more details at: x
Coronavirus impact on property market uncertain, a...
The impact of the coronavirus on the property market is a contentious topic, with some observers expecting a subtle slowdown, while others predict a catastrophic collapse.
www.realestate.com.au
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2 Views
2D ago
InvestAus
Price
The Commonwealth Bank has revealed the different property scenarios it is considering as part of an economic downturn.
Its base case has worsened slightly, expecting 11% falls if a speedy recovery commences in 2021.
While assuming a downturn would shave 11% off house prices nationally, the Commonwealth Bank has projected a prolonged downturn would threaten to smash property values by nearly a third, at 32%. In its update, the Commonwealth Bank revealed its provisioned $1.5 billion to cover the rise in bad debts it expects to take on as part of the economic downturn.
While startling, the figures aren’t beyond the realm of possibility, as vacancy rates surge. The National Cabinet may have begun winding back government restrictions with a view to return to business as usual by July, but the timeline of its three-stage plan hinges on no new major outbreaks of COVID-19. Source: x
The Commonwealth Bank expects house prices to fall...
It’s possible Australia could have a real property price crash on its hands, the country’s largest retail bank has warned.
www.businessinsider.com.au
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44 Views
6D ago
InvestAus
Price
Slowly and gradually as the restrictions on travel are being relieved by the govt, some areas are expected to experience greater demand for accommodation than others. There are suburbs where residential demand has been largely dependent on short-stay business and holiday rentals, international students, tourists and workers in the hospitality industries.
Rental demand has collapsed in these locations as demonstrated by these examples: In fact, the areas worst hit by the collapse in short term business and holiday rentals, tourism and overseas migration will be the first to bounce back as the current restrictions are lifted. In addition to inner-urban precincts such as the Sydney, Melbourne and Brisbane CBDs and their surrounding high-density suburbs, growth will return to popular holiday destinations such as those shown in this table:
Get details on given link: x
Which property locations are most at risk in the s...
In these unprecedented times, if there is one certainty that we can hold on to, it is that growth will return to our property markets. As the restrictions...
propertyupdate.com.au
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6 Views
10D ago
Royal
Price
We all want to buy our house or our next investment property at the lowest price possible, or at least get good value for our money.You now know that the asking price quoted by the selling agent will usually be more than the owner is willing to take for their home. Everybody knows that the asking price quoted by the agent will usually be more than the house owner is willing to take for their home.It’s just part of the real estate market – they expect to come down in price as part of the negotiation process. So how much do you offer?If you ask the selling agent what price you should offer, you’re asking the wrong person.The selling agent is paid by the seller to represent them and to get the best price possible.Despite this we would still ask them what they would consider was a ‘fair offer’ and then ask them to justify it with a list of comparable sales. You are probably thinking that the agent just wants to make a sale, and in most cases you are right. In reality the agent doesn’t get paid unless a sale is made, so obviously he is keen to sell you the house. Read complete article here.x
So, What Price Should I Offer?
We all want to buy our house or our next investment property at the lowest price possible, or at least get good value for our money.You now know that the asking price quoted by the selling agent will ...
propertyupdate.com.au
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133 Views
4Mo ago
InvestAus
Price
Ever felt like a dog chasing its tail, going around in circles but never catching up with your objective?
If you're a wannabe first home buyer, especially in Sydney and Melbourne, you've probably got that feeling right now.
Just when significant property price falls of around 15 per cent in Sydney and more than 10 per cent in Melbourne gave some prospective purchasers a sniff of breaking in, those markets turned around and launched higher again. Read Details: x
A window briefly opened for first home buyers, but...
Property price falls over the past couple of years offered a brief window of opportunity for some first home buyers to get into the market, but it's one that already seems to have slammed shut.
www.abc.net.au
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100 Views
4Mo ago
Justprop Team
Price
Hi All, I am planning to buy in edmondson park..in Bardia suburb on bardia ave. Station is closeby , public school and $1B town center in next 2 years by fraser is on the cards . It will be a lot of land 375sqm ..450K and then construction.it will be family home. Any insights will be great ...
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