Buyers Advocates Queensland in Bulimba, Queensland | Property

Buyers Advocates Queensland

Locality: Bulimba, Queensland

Phone: +61 409 636 952

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25.01.2022 Australian house prices grew at 2.2% year on year (Q3 2016) according to Juwai. Where does that put us compared to other countries? Right in the middle. Steady consistent growth is better than volatile growth when making investment decisions, unless you are playing the high risk for return short term.

25.01.2022 Like I previously mentioned....rates on the way up. https://www.domain.com.au//reserve-bank-could-raise-inter/

25.01.2022 Retweeted ato.gov.au (@ato_gov_au): Outage ahead: Essential system maintenance will occur 2326 June to ready our services for #TaxTime. Details @ https://t.co/jPRWAky353 https://t.co/dWo3p1EB8G

23.01.2022 DID YOU KNOW - there are plenty of free resources to use when renting, buying or selling? REIQ, REIV and REINSW are the real estate institutes for QLD, VIC and NSW and have excellent dictionary and FAQ pages available to the public. Members potentially also get access to advice from these groups. Be aware that the property act is different for each state, so not all information is translatable between states. Property Chat is a forum where investors often post and answer qu...estions relating to buying and selling properties. Finally, Domain, Realestate.com.au and general news websites often have up to date information about the state of the nation regarding price predictions and sentiment in the market. Make sure sponsored content or articles provided by institutions representing one side of real estate are taken with a pinch of salt as they will generally have an angle. https://www.propertychat.com.au https://www.reiv.com.au/news/resources/faq https://www.reiv.com.au/news/resources/property-dictionary

22.01.2022 Great article from Realestate.com.au

21.01.2022 Retweeted REIA (@REIANational): The weighted average median house prices in Australias capital cities has risen to $763,892. More here: https://t.co/lXGmCyi1X0 #realestate

21.01.2022 6% price growth! Who has had 6% growth? Well Brisbane (LGA) actually has had about 6% compound annual growth since 2002. But a lot of very large years in the 2000s are responsible, compound growth since 2008 has only been just over 3%. http://www.abc.net.au//first-home-buyer-deposit-gap/8586600

20.01.2022 An odd article from the ABC, I am not sure if they mis-quoted Moody's or whether Moody's actually stated this, but APRA's increased focus on Investment Only (IO) loans will not make investments riskier. It makes your investment slightly less profitable in the short term (increased scrutiny leads to less but healthier investment loan applicants), but it is a step in the right direction to minimise the potential or the effects of a housing bubble. So yes, with less home buyers..., there is less immediate growth for properties, but this increased scrutiny (which should be done by the banks regardless) helps the longevity of your investment. It should be noted that Moody's is one of the three big credit rating agencies so I hear everyone asking - do you really think they would say something that isn't entirely accurate? Answer: The fact that in the years leading up to the housing bubble that crippled the USA (and half of the world) in 2008 most of the bonds relating to the housing crisis were ranked as Triple A suggests anything goes. An overwhelming majority of those same bonds were downgraded to junk bonds shortly after 2008. In short, increased scrutiny, and higher rates may hurt the pocket, but if you are thinking of investing then think of it as a security blanket, keeping the investors who shouldn't have access to large amounts of capital away from you. Call us if you want help buying. http://www.abc.net.au//wa-investor-defaults-show-w/8771122

20.01.2022 RBA met yesterday, cash rate unchanged @ 1.50%..... very surprising! "Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time."

18.01.2022 Buying your first home? You may be eligible for a first home concession, and in some instances have no transfer duty payable (subject to conditions around eligibility, house pricing, and type of dwelling or vacant land). https://www.qld.gov.au//home-transfer-duty-concession-rat/

18.01.2022 Excellent tool - a must "use" for any buyer doing the rounds on any given weekend.

18.01.2022 If you are not aware of them, Juwai is the largest platform for overseas property accessible to Chinese investors. I think they quote a subscriber base of ~899million users. They have released their stats (2016) on the top ten viewed and enquired countries; Aus is ranked 2nd behind the USA, and Brisbane is the 3rd most popular Australian city. https://list.juwai.com//juwai-reveals-top-10-chinese-buyer

17.01.2022 Who is Dr Willem Buiter? He is an economist who has studied at Amsterdam, Cambridge and Yale. He has also taught at Yale, Cambridge, Princeton, the London School of Economics and the University of Bristol. He has been an adviser to the IMF, World Bank, European Commission and numerous government agencies.... He is often critical of central banks and their ability to make sound decisions during times of duress, and has notoriously taken quite hostile shots at the Modus Operandi of many large financial institutions (including the one he currently works for). They still hired him anyway. Probably worth at least listening to. http://www.abc.net.au//never-seen-a-house-bubble-l/8577542

16.01.2022 298 Auctions yesterday in Qld, 28.67% clearance rate (source CoreLogic RP Data / realestate.com.au) - ridiculous stats. Avoid buying at auction in Brisbane if you can, as a buyer you are required to pay for building and pest inspections prior to any auction (if you so choose) with no guarantee of securing the property even if your bid is the highest. It is touted as a fair system, I am just yet to figure out who it is fair for. Sellers get stung with an auction fee after a failed auction, buyers get stung organising their time and inspection fees for a property that may never be sold by auction. The selling agencies get stung... oh no actually they are fine, they made some cash.

16.01.2022 Good article on properties located on main roads - great way to 'buy' your way into a suburb you may not normally consider. https://www.domain.com.au//is-buying-on-a-main-road-a-dea/

16.01.2022 No brainer - Qld and Brisbane definitely do win compared to properties in NSW (and VIC!)! And not just because of the barrier to entry, investment wise it is less risky and often a lot better returns (if you have a good buyers agent who isnt numeracy skills impaired!). http://www.realestate.com.au//brisbane-wins-propertys-sta/

14.01.2022 Not a bad article on the 'dwelling' oversupply in Aus and how we got here. Don't be fearful of it though, it may represent opportunity if you have your eyes on the prize. http://www.abc.net.au//housing-surplus-raises-pric/8663860

14.01.2022 An odd article from the ABC, I am not sure if they mis-quoted Moodys or whether Moodys actually stated this, but APRAs increased focus on Investment Only (IO) loans will not make investments riskier. It makes your investment slightly less profitable in the short term (increased scrutiny leads to less but healthier investment loan applicants), but it is a step in the right direction to minimise the potential or the effects of a housing bubble. So yes, with less home buyers..., there is less immediate growth for properties, but this increased scrutiny (which should be done by the banks regardless) helps the longevity of your investment. It should be noted that Moodys is one of the three big credit rating agencies so I hear everyone asking - do you really think they would say something that isnt entirely accurate? Answer: The fact that in the years leading up to the housing bubble that crippled the USA (and half of the world) in 2008 most of the bonds relating to the housing crisis were ranked as Triple A suggests anything goes. An overwhelming majority of those same bonds were downgraded to junk bonds shortly after 2008. In short, increased scrutiny, and higher rates may hurt the pocket, but if you are thinking of investing then think of it as a security blanket, keeping the investors who shouldnt have access to large amounts of capital away from you. Call us if you want help buying. http://www.abc.net.au//wa-investor-defaults-show-w/8771122

13.01.2022 What is a buyers agent? Let me briefly explain what we are and what we do;

13.01.2022 General flavour of article; *Household debt to GDP is still increasing for Aus. *This adversely impacts economic growth. *China is in trouble and if they go, we will be dragged down with them.... *A lever they (the RBA) can use to control lending and borrowing in Aus is the interest rate on overnight loans in the money market...i.e. its going to go up which will impact people with home loans. I added a graph of Household debt to GDP as well for your viewing pleasure - source; tradingeconomics.com http://www.abc.net.au//australia-at-risk-of-high-h/8651044

13.01.2022 Would you like to see something scary? Its stats related, so it is the worst type of scared you can possibly get; Apparently the best performing suburb in Queensland (metro areas no price filter) at the moment is; - Deebing Heights - 21% Compound Annual Growth Rate (CAGR) over 5 years*... - Where is Deebing heights? Roughly 15mins south of Ipswich. * data from www.realestate.com.au 19th June 2017 @3pm Wow - 21%. There is no raw data immediately available from the web site, but the sites graphed data generally supports the figure; Median price $170k in 2012 and $449k in 2017 = CAGR of 21% OK.....But.... According to pricefinders raw data suburb information, the information I could access is as follows; CAGR over the last 5 years = -3.6% ** CAGR over the last 10 years = +0.2% CAGR over the last 14 years = +2.7% CAGR over the last 15 years = +4.7% ** (12months leading to Mar2012 - 12months leading to Mar2017) So what? Thats a huge claim, 21%!!!! Lets break it all down; 1. I am not sure where the sales data for 21% came from, but even if the stats are correct from realestate.com.au, that year is particularly low compared to years before and after, which makes growth seem more impressive (see pics attached) than it really is! 2. The data from pricefinder is not entirely the same data set, as the realestate.com.au site refers to 4 bedroom homes and has missing data for other properties, where as pricefinder data has all houses included that it has on record. Dont trust numbers unless you can re-create and verify the calculations! 3. Long term > 5 years, the suburb has completely stalled. If you bought ~10 years ago, not only would you struggle to sell at a higher price now, but with inflation, interest on loans, and other fees such as initial stamp duty etc you would be out of pocket. 4. If you only have access to limited, data, you are limited. If you bought in late 2002 compared to late 2003, there is almost a 40% median sales price difference for houses! This is very important to note, because if you asked me the average growth over 15 years the number is hugely different to the average growth over 14 years! But in the last 5 or 10 years, the compound annual growth rate is very very far from impressive...in fact it is plainly poor. Where am I going with this? Dont trust generic web site links, short term reports and sound bites from news agencies and interest parties (developers, agencies etc) on social media. There is so much more to deciding where and how to invest then looking at static numbers with little or no backing to them. Call us today if you need help researching or buying a home! I have degrees in Engineering and Business, and am a fully qualified and licensed real estate agent! Photos sourced from; http://www.realestate.com.au

13.01.2022 Good article on properties located on main roads - great way to buy your way into a suburb you may not normally consider. https://www.domain.com.au//is-buying-on-a-main-road-a-dea/

12.01.2022 I inspected a property a few weeks back with a client. The pictures posted in the marketing campaign for the property depict a square boundary. The actual plan boundary (confirmed by the council of the area) actually depicts a very different property shape. Why is this important? 1. The driveway is actually part of the lot next door, in essence, if the neighbour ever wanted to relocate the fence and cut the driveway off they could, and as the new owner all you would be a...ble to do is submit a hearing with QCAT, with a very low likelihood of success. 2. Frontage of a property greatly affects value. The frontage purported in this case is a lot larger than the actual frontage, meaning the buyer would pay more now and suffer in the long term if they did not do their homework. It is an offence under the consumer and property acts (CCA and POA) to mislead or misrepresent the characteristics of a property. The agent was asked, and then warned about this situation and their response was to state to me they were waiting for council feedback (which is unacceptable). This has been referred to the Office of Fair Trading. If you need help buying a home, contact us today.

12.01.2022 "rent would stagnate for houses and plunge for units in the next 12 months"

12.01.2022 Not a bad article on the dwelling oversupply in Aus and how we got here. Dont be fearful of it though, it may represent opportunity if you have your eyes on the prize. http://www.abc.net.au//housing-surplus-raises-pric/8663860

12.01.2022 Dream holiday escape for under $200k.... Great. First of all buying a beachfront property for holiday escapes is the expensive way through life. Secondly, if you are investing, what is your plan, longer term capital growth or regular returns? What is missing that you need to know;... Aura, a new mini city is opening up soon to the SW of Caloundra, very close by. Thousands of dwellings in all formats. A link to the Bruce Highway will be partially paid for by the developers. What does that all mean? Be aware that while price growth has been strong, new developments so close are bound to have a short term (<5 year) impact. Dont expect to buy now on the back of increasing prices and assume if you flip it in 3 years you will see a nice little price increase. One big positive about the area is the Caloundra CBD plan, it is looking like they (local council) will develop a formal master plan and refurbish the entire city centre to attract tourists and small business back. That is good news for investors, except it will take 5 + years before it is completed. Again, yet another feel good article jam packed with emotion and void of factual information to help investors. Buy on the beach they said, it is cheap they said.... Looking at investing - call us for help! https://www.domain.com.au//caloundra-queensland-where-you/

11.01.2022 Cash rates on hold (1.5%) - REINSW President predicts the rates to go up in July; http://www.rba.gov.au/media-releases/2017/mr-17-12.html http://www.reinsw.com.au//201706/Interest_rates_remain_at_

10.01.2022 Not sure about the remark "bullet proof" from an "economist" (remember houses are highly elastic, fuel is highly inelastic - a little gem for those who are passionate about the dismal science of economics), but good news for Brisbane owners/sellers. http://www.realestate.com.au//demand-is-coming-back-to-th/

10.01.2022 Still relatively low median house sale prices for Woody Point ($448.5k), close to Brisbane considering you can be situated on the water... It is only a matter of time before these suburbs will take off. There is only so many water views on the East Coast (I am not talking about your deck over the inflatable pool either). The issue is predicting when?! http://www.realestate.com.au//investor-snaps-up-coastal-c/

06.01.2022 Are you residing in any of the following suburbs? BBQ at your place! Unbelievable median sales prices! http://www.realestate.com.au//queenslands-most-expensive-/

06.01.2022 Interest only loans under pressure - a lot of banks already have time limits in place with IO loans, but it looks like the are starting to bump IO rates out of cycle - increased scrutiny, or increased exposure to risk or a bit of both for the banks? https://www.anz.com.au/p/home-loans/your-loan/rate-changes/

05.01.2022 Brisbane is cooling, we all know it, but what does it mean for you if you are looking for a home or investment property? This may be the opportunity of a decade (or more), call me for more info! http://www.abc.net.au//housing-market-shows-signs-/8634598

03.01.2022 Unbelievably flawed meatless article. Give us a call to discuss this further if you would like to know more. Absolute rubbish. Buying at an inflated price and making a huge capital loss is one simple reason why buying may not work for you, or over capitalising yourself is another. "Rent money is dead money" - have you ever heard of that saying? Well 5% interest on a multi hundred thousand dollar loan over decades sounds like dead money to me also. Oh hang on...this article was dropped by a .... oh.

03.01.2022 Retweeted Simon Pressley (@SimonPressley): Theres booms and then theres BOOMS! https://t.co/mzvCgHX7X8

02.01.2022 Investors claiming travel costs for a residential investment dwelling is almost over. New changes come into effect 1 July 2017. Investors will also not be able to claim depreciation deductions on items purchased by the previous owners of a dwelling. http://www.theaustralian.com.au//883a8d4eb7e0b3b96bc081fea... http://www.theaustralian.com.au//8ff97fbadac1f49d758ce3b20 http://www.reinsw.com.au//REIA_calls_for_rethink_on_deduct

02.01.2022 Retweeted Domain (@Domaincomau): Theres nothing new about the housing affordability argument: Mark Bouris https://t.co/HsFR0NyR6B https://t.co/THl80GjTq4

01.01.2022 Brisbane median house sales down 0.7%. If you are looking to buy, ignore the comment about waiting until Spring when things heat up, it is very "suburb" dependent. https://www.domain.com.au/ne/house-prices-are-still-rising/

01.01.2022 I agree generally with this article, except the commentary around choosing an agent only based on price is flawed. Commissions are deregulated in QLD and to be frank, overly outlandish for the service provided in most instances. Sometimes you have to ask yourself if you are a major contributor to the agents new Porsche, or did they simply fall into a large sum of family money. Money does matter, and real estate transactions should be valued at what they are worth.