Mangioni Property Valuations & Consultancy Pty Ltd in Dolans Bay, New South Wales, Australia | Local business

Mangioni Property Valuations & Consultancy Pty Ltd

Locality: Dolans Bay, New South Wales, Australia

Phone: +61 419 353 575

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24.01.2022 Amid an unprecedented crisis, the Reserve Bank of Australia has agreed on a history-making rate cut. The Reserve Bank of Australia has cut interest rates to a record low of 0.1%, along with a range of other recession-proofing measures. The central bank also said it would buy $100 billion worth of Australian Government bonds in a bid to lift inflation and encourage lending.... In making the announcement, Reserve Bank Governor Philip Lowe said the unemployment rate was likely to peak at 8% before dropping to about 6% by the end of 2022. It will be interesting to watch this rate . There will need to be some large infrastructure projects to assist with keeping unemployment rates at a moderate level. During COVID it has been one month after another with rate cuts propping the economy. All this means is that the RBA is worried about our economy and looking to do everything within their power to support it and us. It will be interesting to see if these cuts flow through to mortgage holders from the banks. The banks have been lying low lately since they announced their comments on responsible lending.. There is likely to be more money at a cheaper rate being injected into the economy? I am sure if this is what the RBA should be doing to the already overheated property market! It will be interesting to see what the Government is going to do come 31st March 2021. The economy is gauged by spending, this I believe to be a false sense of stimulating the recession we are experiencing. I think the year ahead will be another interesting turn of events .. It is a stalemate at the moment who will make the next move ? This is based on my opinion only !

24.01.2022 Hi Fellow Property Consultants and valuers.. I will be providing the first segment in the API webinar hosted by the Queensland University. My discussion will be Property Valuations in uncertain times.Looking forward to providing some insights into valuing in times of significant uncertainty having experienced the recession in the 1990’s and the down turn we had to have Paul Keating’s most famous phrase and the GFC during mid 2007 -2009. Yes I will be crossing the border ...from my office desk broadcasting from CQUniversity on a zoom webinar. Summary The API and CQU are collaborating to bring you an exclusive virtual half day conference about Valuing in the Current Climate. Australia has not encountered a recession since 1991. This means any valuer younger than 50 likely will not have valued in a declining market. This webinar aims to educate members on the impacts to a valuer operating in this unstable market and provide an update around the data and changes impacting valuers as a result of the drastic impact of COVID-19 in Australia. There are six sessions in this half day webinar with a 30-minute lunch break. Please see the full program below. Come join me see details below. #Significant Uncertainty #property Valuations#Australian Property Institue#REI https://www.api.org.au/prof/events-webinars-online-courses/

23.01.2022 Well our worst fears are upon us.. If this is the second wave coming I have said that we might as well shut the door.. I have been wondering what is the difference between Victoria and the rest of the states.. Have they not taken it seriously, is it a more multicultural state and lack of notification to the public or? Given all the good work that has been done so far! This is going to be a set back to the economy. We (the rest of Australia ) need to continue to be conscious o...f the what we need to do and maintain go hygiene and social distancing. As far as the real estate market goes it is steady as it goes..There are some cracks appearing..lots of retail space closing which is going to be the hardest hit beside the commercial office market a close second.. As far as the residential market goes it is still too early to call.. Come the second wave and November it might be a different situation.. We are definitely in a time of significant uncertainty! See more

22.01.2022 An update Some reflection over the past 12 years Market volatility of the share market verses the medium dwelling price.... 2008 - GFC ( property drop 15%) (Median Dwelling Price $525,000) 2012 - European Debt Crisis (Median Dwelling Price $555,000) 2016 - Great Fall of China (Median Dwelling Price $750,000) 2018 - Market Correction (Median Dwelling Price $815,000) 2019 (Median Dwelling Price $830,000) 2020 - Coronavirus 2020 - The toilet paper panic buying ! (Median Dwelling Price $1,000,000) Hold on for the ride both in the share & property markets!!!

19.01.2022 Some reflection over the past 12 years Market volatility of the share market verses the medium dwelling price. 2008 - GFC ( property drop 15%)... (Median Dwelling Price $525,000) 2012 - European Debt Crisis (Median Dwelling Price $555,000) 2016 - Great Fall of China (Median Dwelling Price $750,000) 2018 - Market Correction (Median Dwelling Price $815,000) 2019 (Median Dwelling Price $830,000) 2020 - Coronavirus (Median Dwelling Price $???, ???) Hold on for the ride both in the share & property markets!!!

17.01.2022 Well I saw it before my own eyes, today I went along to an auction not far from were I live.. (Caringbah South). My interest was sparked by a young couple who contacted me looking to buy property and maybe go to the auction..I was advised but not confirmed that last night they were the only registered bidders.. They had already offered $1.380m which was knocked back...My range was $1.4-$1.5m based on recently sales this year. The property was a single level brick and tile ci...rca 1970’s in neat condition.. Here is the crunch nearly an 18metre frontage but only 36metres deep.. 626 m2.. ( suitable for duplexes with council consent ) When I arrived there were people everywhere social distancing well not really.. Just a bottle of hand wash on a chair with a drawing showing 1.5 metre distancing.. The opening bid was $1,250,000.. Two buyers then went at it until it eventually sold to a developer for $1.525m. Another two duplexes for the city of duplexes.. When I do the sums on a redevelopment their is a milk shake in it for the profit against risk. The young couples around 30-35 with babies and prams could not compete with the developers.. I am still not sure what is going on in the market but this surely indicates COVID - 19 hasn't infected the property market See more

17.01.2022 Last night I was a guest on the Peter Switzer Property show. Peter is a go to economic commentator with many years of experience and has been through as many downturns as I have. His knowledge and the way he expresses his thoughts about property trends and the market drivers of our economy in lay mans terms gives the public a good understanding. Last nights show was well balanced with two other guests sharing their views on the current global pandemic , but more so what is in store for us Aussies!

13.01.2022 COVID 19 virus - Business as usually with a touch of modern technology and safe protocols. The COVID 19 virus is impacting on our way of life, economy and real estate markets and will change the way we all go about our daily and business life. My main concern with my valuation practice is the wellbeing of myself, family, colleagues,clients and my community.... My professional body the API have provided me with guidelines for operation of my practice and how to approach inspections and meetings, which I have already put in place. There maybe delays with inspections and turnaround times given that some places may be in lock down or people self quarantining limiting access. My office will continue to be open, until and if I am struck by the virus, and need to take time away from work. I will need to address this situation if and when it happens. I am in a position to work remotely using the latest technology to have face to face meetings. I have recently had Microsoft teams and one drive installed, which can enable remote face to face meetings and also sharing of information in an instant.This should ensure that there will be as little as possible disruption to my services that I provide which is property real estate valuations and consultancy. I will closely monitor real estate market activity and transactions to consider the impact on markets and values. However,it is too early to gauge any changes in real estate market transactions until patterns evolve. During my daily work day, I am always speaking to agents, vendors and purchasers, lessees and lessors to gauge the changes. I will take on board there opinions and concerns as to market impact to formalise an opinion. Please don’t hesitate to call me should you wish to discuss how I can assist you or your clients during these difficult time. Remember we need to look after our family, friends, neighbours and community to pull together to get through this difficult period.Regards, Tony Mangioni Director Mangioni Property Valuations & Consultancy 0419 35 35 75 [email protected]

10.01.2022 Following on from my recent comments and with more time to think about the property market which I have been in for some 35 years I offer the following thoughts. The property market was dealt a massive blow on midnight 25 March 2020. All open for inspections and auctions were cancelled. This sent the agents into another world of virtually. A number of weeks ago, I said online and virtual tours would be the new way in selling and valuing property. As of this week some agents h...ave gone to on line auctions, virtual inspections and valuations if required can be performed on a restricted basis following the API guidelines. There is talk of virtual valuations, however I will talk about this as it envoles, some issues need to be ironed out! Today’s auction results at 37% from 1058 properties in NSW was not reflective of the market but more to do with restrictions imposed due to COVID -19. This time last year the results were 58%. If there was not a crisis, the results from today may of reflected double the result. As prior to the lock down the market was steady until the crisis started to reveal itself. The question of where the market is going is still to early to determine as there is no evidence of increases or decreases as we are not able to gather any substantial data to reflect the current situation. What we do know businesses are closing, unemployment is rising and with this uncertainty it will make a hugh dent in the property market. How much of a impact will depend on how quickly the pandemic eases and we start to resume a normal way life. Which ever way it goes our lives will change forever in the way we will conduct our lives and businesses. I am now considering how I can deal with this in my small practice which was providing me with a reasonable income but more importantly helping people with their property decisions. Take care and be safe hoping and praying for this to end! See more

10.01.2022 The residential real estate market is alive and kicking with no sign of COVID -19 going to slow this market down. I witnessed an extraordinary event at a house my wife was assisting the owner as guardian to sell her house that she lived in for the past 40 odd years. This house was at Picnic Point comprising. Four (4)bedrooms, two (2) bathrooms and triple garage, unrenovated circa 1980 on site area of about 1,100m2 with a frontage of about 11 metres and not suitable for duple...xes. Today after the short campaign with interest from the first day the sign was erected on the property this property went to auction today with over 50 or more groups through. Many contracts issued and 12 bidders registered. Within a couple of moments and about 8 bids the hammer fell and it sold at a record price for the Picnic Point area. I am not at liberty to advise the price or reserve as I don't want to steal the agents thunder. I continue to shake my head at the pace that this market is gathering. I have never seen anything like it in my 38 year career. What pandemic?? #realestate #property #sold See more

07.01.2022 My first video on the challenges faced by valuers in the coming months and new protocols in place to enable valuations on properties.. need some work !!

04.01.2022 Today one of my old work colleagues send me an invite to a remote chat session as he though that people working remotely are being disconnected from colleagues.i thought what a great idea. Today I emailed a group of Valuers who I have known in my career across Australia. I am going to trial a Lets Chat Forum. 30 minutes once a week.. We will chat about how they are finding these challenging times, have a laugh, share a joke and more importantly make sure our mental health st...ays on track.. We are being hit from pillar to post at the moment we are all in this together! I would encourage others to do the same within their work place, families and communities.. There are a number of easy remote access programs I will be using Microsoft Team's or Zoom! We will beat the beast!! Take care if any one needs any help just private message me .

03.01.2022 2020 Unmasked On this last day of this year, I would like to unmask the year from my experiences. The year started out slowly with a damper on new year celebrations as many were still recovering from devastating bushfires and many people losing their properties and unfortunately lives and animals and wildlife were lost. At the beginning of February there were murmurs about some type of virus from a fish market in China. We did not take much noticed until it become evident th...Continue reading

02.01.2022 This week if I have not been asked once but more than twice as to what the COVID 19 will do to the property market. My view is that it will create a lot of uncertainty. It is to early to call yet and we will need more data to see if an trends develop. The only way to take a measure will be to look at the first 6 months of residential and commercial auction for results 2019 against the first 6 months of both markets for 2020. If there is a pattern developing this will give a... rough guide as to where the markets may be heading. It may be skewed due to people just electing not to attend auctions. A lot can be said for on line auctions which haven't take off but I bet they might depending on the extent and how long it may take to subside the crisis. I take the view that property is a long term investment as well as the share market.. Both have cycles and history has shown for every downfall there is a upswing.. What goes up must come down. The first home buyers market will still tick over and given low interest rates it is still a good time to buy. Unemployment is a key to buying property as it has been always.. Some of the firms laying off staff may be short term during the crisis to save money. I think that it is time for calm, and take each day as it comes.The stimulus package will be a short term fix. The property market has seen some very large gains over the last 4 years. Therefore, a small percentage drop in values will not matter much, a soft landing. This is my opinion only as I see the markets developing and anyone making any property or investment decisions should seek their own professional advise. Tony Mangioni Mangioni Property Valuations

02.01.2022 Here’s a relatively current snapshot of the national property market according to the Australian Bureau of Statistics (ABS) and CoreLogic: There are 10.3 million residential dwellings Australia-wide with a total value of $6.8 trillion Spread across around 15,000 suburbs... An additional 130,000 to 160,000 new dwellings are added every year The total debt against these dwellings is $1.8 Trillion (giving an overall Loan to Value Ratio for residential property of considerably less than 30 per cent) Residential real estate makes up 51 per cent of Australian household wealth Investors own around 27 per cent of Australian dwellings by number, and 24 per cent by value. There are more than 2 million individual property investors in Australia Each property investor in Australia owns an average of 1.28 properties Now, from these figures it’s fairly clear that owner occupiers comprise the largest portion of the market in fact, they outnumber investors two to one. Then thevfollowing advice to investors who are searching for a strong property performer: buy the type of property that will appeal to owner occupiers.