Posts Tagged ‘Wright Place’

New Loan Commitments Continue to Grow

Despite the pandemic still hanging around creating intermittent havoc, the Australian property market remains resilient, continuing to break records and defying the logical premise of instability one would have predicted when the COVID lockdowns commenced in 2020.

The latest information from CoreLogic, sourced from the Australian Bureau of Statistics (ABS) – reveals the total value of new loan commitments for housing grew for the seventh consecutive month and shows no sign … Read the full post »

Has My Tenant Abandoned My Property?

If you are a private landlord, managing your rental portfolio yourself, occasionally you may come across a situation of ‘abandonment’; whereby a tenant has unexpectedly vacated your property.

What are the ‘red flags’?

Late rent
Cessation in communication ie no response to emails etc
Unkempt gardens
Overflowing letterbox
Information from neighbours
Direct indication/communication from tenants themselves

What happens now?

It is essential that you follow the correct procedures before changing the locks and … Read the full post »

The Importance of Investing in a Marketing Campaign

In our daily work life as Agents, we often meet with sellers who are totally sold on the idea of selling their home for a premium price, but not sold on the idea of investing in a marketing campaign.  The main reason for this seems to be hesitation at making an investment without the guarantee of a sale.  Now, in a flat market, this can seem like an understandable concern; … Read the full post »

Maintaining Indoor Plants

With downsizing and high-density living a trend that is here to stay, there’s an increasing market for indoor plants; despite garden sizes shrinking, many of us still like to have some greenery in and around our homes, as plants not only enhance ambience and promote calm, but they also produce oxygen (critical for our survival).  Plants are an essential part of any home, and if well maintained boost aesthetic appeal … Read the full post »

Regional Markets Continue to Shine!

Australia’s leading property market analysts and data collectors, CoreLogic released their latest report on the health of the national property market this week, and there’s plenty of good news, particularly for regional markets along the eastern seaboard, such as the Sunshine Coast.

December home value data showed the combined regional dwelling market increased 6.9% in value over the year; a growth rate more than three times the rate of the combined … Read the full post »

Property Terminology 101 – Part II

Following on from last week, here is Property Terminology Part II, aiming to provide a simple and clear definition of property terms you may come across from time to time.

Strata Title: The formal ownership of a property within a strata plan where the property is defined within horizontal and vertical boundaries, and proprietors have joint rights over the land and common areas.

Company Title:  The building and land are owned by … Read the full post »

Property Terminology 101

As property professionals we regularly use specific terminology in our communications, often without spelling out what these terms mean, coming from a place of assumption that people just ‘know’.   However, feedback indicates this is not always the case, so over the next two newsletters we have outlined a simple breakdown of some of the most common terms used in the context of real estate.

Appraisal:  An estimate of a property’s market … Read the full post »

Property Goals 2021

Happy New Year to you and your family; we hope it will bring you and your loved one’s happiness, health, and prosperity after what was a challenging 2020 for many.

At this time of year many of us reflect on our goals for the year and make resolutions, often revolving around health, amongst other things; but what about your property goals?  Have you made any?

Below is a check list you might … Read the full post »

Reflection on the Property Market 2020

When we reflect on the year now gone, one of the biggest questions many economists and property analysts have asked, and addressed – is why didn’t the Australian property market crash in response to the global pandemic?

When the COVID19 outbreak began, the headlines were filled with doom and gloom as we headed to our first recession in over 28 years…yet somehow the property market has pulled through remarkably well, and … Read the full post »

10 Holiday Activity Ideas

Just for something different this week and keeping in mind many of you are still on holidays, we have put a list together of things to do on the Sunshine Coast over the summer holidays – some of the activities are FREE, and all are FUN!

Climb Mount Coolum – if you haven’t already done this, put this at the top of your list. It is a relatively easy climb … Read the full post »

Seasons Greetings

As the year draws to a close, we reflect upon what a challenging and indeed strange year 2020 has been; our team here at Wright Place stayed positive throughout the lockdown periods, practiced social distancing, and continued to service our clients during this time, even if it meant doing some things a little differently.  Haven’t we all learned a lot, about ourselves, our values, and how resilient we can be … Read the full post »

Snapshot: Household Debt in Australia

Despite the Australian property market demonstrating its resilience in the face of COVID19, there is still concern about the substantial increase of household debt levels, which have risen significantly over the past thirty years.  In June 1990, the ratio of household debt to annual disposable income peaked at 68%; and in June 2020 it is now at a whopping 185%.

Most of the debt held by households is housing debt, which … Read the full post »

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