Archive for the ‘Uncategorized’ Category

Support Local Business

As a community we generally try to be mindful of supporting our local services; and now more than ever with the easing of restrictions we need to make even more of an effort to support these small businesses, many of whom have struggled during the lock-down measures the Covid19 pandemic created…and it’s not over yet.

There are so many good reasons to support local business:

Local businesses create employment opportunities, in … Read the full post »

Importance of Disclosure

Many years ago when a contract was prepared it was up to the buyer to execute due diligence and carry out relevant searches and enquiries to assess whether there were any issues with the property; the onus was on the buyer, known as a caveat emptor – ‘let the buyer beware.’

Thankfully, we now have much greater emphasis on protection for the buyer, particularly in the residential property market; there are … Read the full post »

Open Homes Back on the Agenda

Firstly, we hope that all the mothers out there had a wonderful mother’s day and got the opportunity to spend time with your family, if possible; or at the very least have some contact via social media interactive platforms like Zoom or facetime, or a telephone call.  It is very important that we all stay connected with our loved ones, despite the challenging environment we are currently living in.

From last … Read the full post »

Calls to Abolish Stamp Duty

Firstly, we hope you all enjoyed a great long weekend and an ease in restrictions – it was wonderful to see people out and about enjoying the sunshine and fresh air, whilst practising social distancing.  Keep up the good work, and we may all come out of this on the other side, sooner rather than later.

In the midst of this COVID-19 crisis, some property commentators and key industry figures across … Read the full post »

Embrace Increased Freedom!

Good news – the Queensland State Government is easing some COVID19 restrictions, allowing greater freedom of movement from Saturday May 2.  This is welcome news for Queensland residents, with national parks now being open to the public, and people once again allowed to picnic – we can get out there in the sunshine and soak up this glorious autumnal weather…keeping social distancing requirements in mind.

From Saturday we can now:

Go … Read the full post »

Property Market Update – Reaction to COVID-19

Since the government shutdown non-essential services and placed a temporary ban on auctions and open for inspections, and essentially halted the economy in response to COVID-19; as expected, the property market has been impacted.

From a values perspective, the CoreLogic hedonic index has been showing a loss of momentum in housing value growth rates since mid-March. Data through to mid-April has seen a continuation in this trend, with the combined capital … Read the full post »

Institutional Responses to COVID-19

This week, we summarise what is currently on offer for people financially impacted by Coronavirus.

At the start of April, stimulus packages totalled approximately $331.6 billion, or 16.6% of GDP.

Monetary Policy:

Over March, The Reserve Bank of Australia reduced the cash rate, and launched unconventional monetary policy. The RBA have reduced the cash rate to the effective lower bound of 0.25%. The RBA signalled there would be no further reductions to the cash rate, … Read the full post »

REIQ Call on Government to Assist Housing Industry

In the wake of the COVID-19 pandemic, the Real Estate Institute of Queensland (REIQ) is seeking urgent action from the Queensland State Government to assist in maintaining the stability of the Queensland Property Market – worth in excess of over $1 trillion, and directly employing over 50,000 workers, with many more employed in associated industries.  Activity in the real estate sector contributes in excess of $30 billion annually to the … Read the full post »

Self-Isolation Activities

With many of us self-isolating to assist to protect ourselves, and others, from contracting COVID19, we are all finding ourselves spending much more time at home than usual.    Some of us are better than others at coping with enforced isolation, there is no doubt a few of you are going a little stir-crazy.

Below is a list of things to do to occupy your time, that might be better for the … Read the full post »

COVID-19 and The Real Estate Industry

Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential property.

Australia’s leading real estate researcher and analyst CoreLogic explores fundamentals of housing to better understand outcomes in the current climate. It has found:

Housing … Read the full post »

COVID-19 – Is it affecting the market yet?

Right now everyone is asking us how the market is being affected by COVID-19 and if it is a good time to sell or whether buyers have pulled back. Since Saturday, we have put three of our current listings to contract. If you were considering selling in the next few weeks or months, we would recommend to do in now as we have active buyers looking to buy right away.

At … Read the full post »

Tick Tock…The Clock is Ticking

We all know time goes quickly…hey, it’s March already, and we’ve only just got used to writing ’20 instead of ’19!  The Real Estate Institute of Queensland (REIQ) are reminding people about the changes to Queensland’s smoke alarm registration that come into effect on 1 January 2022.

ALL domestic dwellings leased or sold have to be fitted with interconnected photoelectric smoke alarms; and at this stage there are no plans to … Read the full post »

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