Archive for the ‘Property Prices’ Category
Carrara, Nerang and Highland Park Property Market Update
The past 12 to 18 months for our economy and that of the world has been unlike any we have seen for a generation. It is probably understandable then that the property market is not is also not following the well worn path of previous years.
Traditionally Spring and the early Summer months provide an abundance of listings and new stock. Stock levels normally peak either side of the Christmas holidays and then slowly dwindle down to the middle of winter before rising again, but this year is a little different. New listings are still coming on the market, just not at the rate they normally do at this time of the year.
Nerang First National monitors the stock levels of all property for sale in the district, irrespective of what agent it is listed with. This provides us significant market intelligence and allows us to analyse the whole market, not just what we see as the highest selling agent in the district. Every week we take a snapshot of how many properties are on the market for sale and how many are marked as under contract. Read the rest of this entry »
How to Increase the Value of your Home with Government Rebates
Many home owners are still unaware of the amazing Government rebates and subsidies available for them, many of which will have a positive effect on the value of their home. Nerang First National is always focused on achieving the highest possible price possible for homeowners and because many of these rebate are only available for a limited time we suggest that if you think you may be able to take advantage of them you investigate them further now.
A range of rebate and subsidies are in place to act as a financial stimulus and to influence Australians to go green. Australian Governements at local, state and federal levels are providing a range of rebates that is allowing homeowners to improve their property values with minimal or in some cases no outlay our of their own pocket.
There are currently a number of these rebates can be accessed by home owners for a range of household improvements including these five examples. Read the rest of this entry »
Property Slump? Bah Humbug!
Mobile Phones - Cutting Edge Technology
A few days ago, NFN principal Mike uncovered an old Gold Coast Bulletin from 1995.
And being the real estate advertising nerd that I am, I couldn’t help but to go right to the real estate section. You see, being Marketing Manager means that I am responsible for all of our property adverts, whether online or in print. I have watched writing styles evolve into what they are now. And after 5 years of watching property prices changing from an objective position, I have noticed a lot of trends.
Looking at the old adverts, the prices of homes back then didn’t really surprise me, but it made me think: are people over reacting to the latest downturn in property prices?
During this 13 year period, what happened during that time that isn’t happening now? Threat of recession, worry about the stock market? Yet, house prices have still risen.
My parents bought their first home in the early 90’s for $132,000 and later sold it for almost $400,000.
About 2 year later, they wished they had waited longer to sell to get a higher price, even though at the time they had no choice as they were moving interstate.
Local Property Market Starts 2009 With A Bang!
The question on top of many home owners minds right now is how how the property market is going to be effected in 2009. The good news for everyone, at least on a local level is that the market is off to a fantastic start.
Nerang First National sales have really taken off with a touch under $4.5 million dollars worth of residential sales made in just the past 7 days. January is normally very active and as the districts highest selling agency we always expected a good result but these results are even above our expectations.
Many commentators suggested that the only sectors that would be active is those targetted by first home buyers given the governments recent first home buyers bonus scheme and the recent reduction in stamp duty for first home buyers in Queensland. The reality is a far different story with all sectors recording significant sales.
Queensland House Prices versus the Sharemarket
The REIQ’s latest news release reveals that although the median price for sales during the past quarter has dropped this has primarily been because of a drop in sales of “high-end” properties.
In fact over 80% of the sales throughout the state were for properties under $800,000. It should also be noted that these statistics are prior to the Governments First Home Owner Boost and recent interest rate drops. Read the rest of this entry »
