Will China’s economic turmoil impact Melbourne Real Estate?
I will caveat my comments as Wood Property Partners are not economists or financial analysts and there were some great articles over the weekend in the financial press that are definitely worth a read. From my reading here are some interesting points… 48% of Chinese listed companies remain suspended so the Gov’t funded rebound last week was…Read More→
Bubbles burst and vanish…
Many media outlets have been talking up a property bubble… like many analogies it has unspoken and inaccurate inferences. Bubbles burst and vanish. Clearly we are in a period of growth and recent research by BIS Shrapnel (read here) says we can expect further price growth in 2015/16. The report also says “the rate of growth will slow”…Read More→
Off shore buyers aren’t the only thing driving the market.
A recent AFR article details how Penthouse sales are making a come back. Read it here A lot of the recent rise in residential property values has been attributed to off shore buyers. Clearly they love Melbourne and are buying up big, but remember they are prohibited from buying existing real estate. So if it…Read More→
How is a property valuation arrived at?
We have all scratched our head when seeing a valuation and wondered how they arrived at that figure. Well to answer the question we need to explain a little bit of back ground…. When buying any real estate most people borrow some amount of the purchase price from a bank or similar. That bank takes…Read More→
8 things to check when buying “off the plan”
Buyers can get some great deals when buying off the plan. The developer and property managers understand buyers are taking a slightly higher risk to buy property that is not built yet. Also the developer needs the sales to satisfy their development finance and so they will often sell the apartments at a slight discount….Read More→