News

Select a news topic from the list below, then select a news article to read.
 

In association with The Salvation Army, Hudson Bond is participating in the 2017 Wishing Tree Appeal.

Feel free to come in and place a gift under our office Christmas tree during business hours.

Your contribution will help The Salvation Army deliver gifts to Australian families and individuals who would otherwise go without Christmas this year, and provide hope to those in need.

 

Please label your gift with the age group and gender of who you think might like to receive your present, and then place it under our Christmas tree.

 

Details:

  • Donations are being accepted until 23rd December
  • Gifts…

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Real estate agents are often asked why certain houses stay on the market for months and years while others, seemingly comparable, are sold within weeks.

Many inexperienced vendors overprice their properties out of a mistaken belief that this is the way to achieve the best price. Far from encouraging purchasers to make offers, overpricing actually discourages them. For a start, an overpriced property actually attracts the wrong market group.

If purchasers are used to seeing other properties that offer more for the money, they will give negative feedback. Not because the property is bad per se, but because of the…

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Sometimes new investors make the decision to manage their own investment property. After all, it seems obvious - why pay an agent to do something as simple as banking a rental cheque? It’s only when they start managing their own property on a day to day basis that they realise the level of expertise required to maximize income and minimize expenses. And when the Investor finally hands their property over to an agent, it’s an enormous relief. Their net income increases, they have a lot more leisure time and they can sleep at night.

Professional managing agents have the experience,…

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At a time that many are predicting real estate agents could be replaced by technology or a DIY outfit, it is worth assessing the true value that a real estate agent brings to the transaction. Some may be tempted to ask if they bring any value at all? And that is a good question to ask.

Most people that have bought or sold realise that the right agent is an asset and the wrong agent can be a liability. If there is one profession we have no shortage of it surely has to be real estate agents. Oversupply in any…

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Over the past decade, real estate agents have replaced expensive newspaper ads with expensive Internet ads.

Real estate agents love a motivated vendor. One of the easiest ways to get the home sellers motivated is to have them invest in a multitude of products before the campaign begins.

However, any marketing expense during your sales campaign must be ultimately linked to a higher price.

Heads we win, tails you lose.

Agents now strongly recommend expensive Internet ads to vendors, but vendors are asked to foot the bill. For agents, it is easy to be passionate about an expensive product that…

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The release of the 2016 Census data contains some important insights about the future of our property markets.

Smart investors use the Census data to help them understand the types of properties that will be in demand in the future.

As our population continues to grow, so does the need for more housing. The takeaway from this for property investors who want to make good investment decisions is not to invest in just any type of housing or location.

As of December 2016, Australia’s population was recorded as 24,385,625 people. This was an increase of 372,805 people over the year.…

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Why failing to sell at auction is bad for your wealth.

As a property seller, it is extremely disappointing when the price interest in your home falls short of your expectations. Failing to achieve your price target will happen in one of two ways – private failure or public failure. Failing privately means the agent submits the current buyer’s price interest/offers on your property to you and you decline the offers. You then decide to continue looking for another buyer or you withdraw from the market. Either way, your business remains your business.

When this happens at a public auction,…

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Melbourne’s median house price recorded its lowest quarterly increase in almost two years.

According to the REIV, the median house price for Melbourne increased by 0.7 per cent in the September quarter, to $817,000.

New policy initiatives introduced by the government have impacted the median house price. Consequently, the change of rules had the greatest impact on the sale of apartments. The median price for apartments and units has fallen for the first time in six quarters, down 2.5 per cent to $587,000.

Despite the slowdown in the growth rate in median house prices, the market remains strong,…

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Investing can be quite daunting, particularly when you’ve never done it before. Managing your own investment property can quickly become stressful, which is why many landlords choose to hand over management to a property management team. An excellent property management team will provide peace of mind, knowing that your investment is in capable hands.

High quality tenants
High quality tenants are an investor’s dream – they pay on time, stay longer, look after the property and generally less problems overall. Not only can they screen potential tenants, a good property management team is also capable of analysing applications and making executive…

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Contrary to what you may think, the toughest offer to accept is not the offer below your desired price. The hardest offer to accept (albeit begrudgingly) is the offer that is less than what you have previously rejected.

In the past 5 years, selling has been relatively easy. Pick a number and wait for buyers to meet and exceed it.

Now that the market has moved into a more balanced phase, it is frighteningly easy to undersell.

Scenario:
Vendors Bob and Sue receive a solid, but not spectacular, offer from a buyer early in their campaign. The offer would be acceptable…

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