News

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

In the past decade, internet advertising costs have skyrocketed. Just like the old days of print, agents are asking their vendors to spend big money upfront in the name of finding a buyer.

The recently released best selling book Inside Real Estate blows the lid on agents’ selling tactics. Strategies used to convince home sellers to needlessly spend thousands on advertising can cost the unsuspecting consumer thousands in fees.

 

The book cautions home sellers against the ‘tired cliches’ used to sell newspaper ads which are now being used to sell expensive internet campaigns. ‘Bigger photos means more buyers’ and…

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When asked to price a property, a real estate agent has the opportunity to impress the owner and obtain a listing.

Listings are the lifeblood of any real estate career.

For an untrained agent who lacks high-level marketing and negotiation skills, the only way to impress and subsequently obtain the listing is to promise the highest possible believable price they can. Quite simply, they lie to get business. An improbable lie at that.

As property owners, we want to believe. That’s why the improbable lie is so powerful. It allows people to plan their future and move on with their…

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The median house price for Melbourne’s middle suburbs, those suburbs between 10 and 20 kilometres from the CBD, has jumped 4.3% for the March quarter to $1,034,000 according to new data recently released by the REIV. This is the first time middle Melbourne has exceeded the million dollar mark.

The overall Melbourne median house price has increased by 4.4% for the quarter and now stands at $855,800. This represents an annual increase of 10.9%.

The apartment median price also rose by 2.4% to $607,000 for the quarter.

Despite the quarterly increase in Melbourne’s median house price,…

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At Hudson Bond, we love our Mums.

But then doesn’t everyone with a heart just love Mum, the one who does so much for so many with little thought of thanks. Well, this Mother’s Day, we thought we’d remind all of you who are lucky enough to have a Mum to be EXTRA loving to her on this special day. (We think Mums should get a Mother’s Day every month. Once a year is less than she deserves).

So, to help you out, we have got…

500 RED ROSES for 500 Mums in Doncaster!

There is no charge, they are…

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It is hard to believe that in today’s society there is still a stigma around renting a property to an applicant with a pet.

With a nation of pet lovers (Australia has one of the highest rates of pet ownership worldwide), it begs the argument ‘Why are Landlords closing the door to a high number of potentially fantastic tenants?’.

The figures speak for themselves, the RSPCA estimates that there are approximately 33 million pets in Australia, with 4.2 million of those being dogs and 3.3 million cats. That is 19 dogs per every 100 people and 15 cats per…

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Many vendors say they find it hard to decide which agent to use to sell their home. Choosing an agent is not very different from choosing a doctor or any other service provider. If you were new to the area and were looking for an accountant or a plumber, you would ask local residents to make recommendations based on their experiences. The best source of first-hand information about local agents is someone who has recently bought or sold a house in your local area.

If you don't know anyone who has recently bought or sold, searching the internet as well…

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New analysis from the Housing Industry Association confirms the strong linkages between population growth, economic performance and real estate markets.

HIA senior economist Shane Garrett says the latest ABS figures show there continues to be a strong link between population growth and economic performance, while Hotspotting managing director Terry Ryder says the local economy is the single biggest factor driving real estate markets.

ABS Demographic Statistics indicate that Australia’s population rose 1.6% over the year to the September 2017, equivalent to 395,600 additional residents.

“The strongest-performing labour markets in Australia remain those that have experienced the largest increases in…

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What would you do if you wanted to find out what your property is worth in today’s market? Would you ask for an appraisal or do you get a valuation?

They may sound the same but they’re not.

Do you know the difference between an appraisal and a valuation?

A valuation can only be conducted by a certified valuer, one who has completed the prescribed educational course and is qualified to perform the task of valuing property.

An appraisal, on the other hand, is simply an estimate of a property’s market value, which is what you’ll generally get when you…

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There is a danger of spending large amounts of money for very little return. Works completed on a property rarely if ever increase the value of the property in line with the amount of money spent.

Repairs and maintenance are often needed and are sometimes essential for the sale of a property. Nevertheless, some larger works are simply an owner’s choice to improve their lifestyle. This lifestyle decision should not be confused with the necessities of a successful sale. There is a danger of spending large amounts of money for very little return.

Common examples of lifestyle improvements include a…

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Many investors gravitate towards purchasing off-the-plan developments due to the perceived benefit they offer. Off-the-plan developments are often marketed as an easy way to enter the property investment world and the glossy brochures can certainly make them look an attractive choice. Being new builds, investors can maximise depreciation and minimise maintenance costs, which assists with boosting returns. Although this seems promising, due diligence needs to be exercised before signing the contract. Here are some tips before purchasing an off-the-plan development as an investment.

Be wary of guaranteed rental returns

Many developers offer a ‘rental guarantee’ to entice investors. It can…

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