Category: Property Market
Lower interest rates may spur property market
At its monthly meeting last week, the Reserve Bank of Australia elected to reduce the official cash rate by fifty basis points to 3.75 per cent. This decision was welcomed by CENTURY 21 and we expect that it will help to encourage growth in the national property market.
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Preparing for what the 2012 residential property market has to offer
Welcome to 2012! I hope everyone had a relaxing and enjoyable Christmas and New Year period. Even for those who didn’t manage...
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Trust a truthful agent when selling your property
I imagine the prospect of selling a home at the moment must be somewhat daunting. Never before have vendors had access to such vast amounts of information about market conditions, and while knowledge is definitely powerful, it can also be confusing. Add to this the continuing contradictory media speculation about the state of the market. Some weeks it looks as though interest rates are set to go up and there is an undersupply of properties, the next the commentators may be...Read complete post
Rate rest continues for borrowers in August
Last week saw the Reserve Bank of Australia elect to keep the official cash rate on hold at 4.75 per cent for the eight consecutive meeting, a move which no doubt had home owners and prospective buyers sighing in relief. I am hopeful that the move will help to provide some stability for home buyers and investors in what is otherwise a time of economic uncertainty. While rates have been steady for some time now, it was quite possibly this decision that...Read complete post
CENTURY 21 launches Australian first real estate game ‘Property Mogul’
CENTURY 21 views technology as an integral part of the real estate industry. We pride ourselves on being at the forefront of developing innovations that allow us to give our agents and clients easier ways of achieving their property goals. On that note, following on from the successes of Smartbook and our property iPhone app, we are excited to announce the launch of Property Mogul – a free online game that we believe is set to change the way Australians think...Read complete post
Declining home values present opportunities to buyers
Conditions in the residential property market seem to be looking somewhat brighter for would-be buyers at present. In addition to the Reserve Bank of Australia electing to keep interest rates on hold at 4.75 per cent for at least another month rather than moving to increase them, the latest RP Data-Rismark Home Value Index showed a decline in property prices over May. Combined, these factors could help to provide Australian property buyers with...Read complete post
The Australian dream downsizing
The Australian residential property scene has been experiencing somewhat of a dilemma for a little while now – while property ownership continues to rate highly as one of the great Australian pursuits, housing supply and affordability constraints have been dampening that dream for many Australians and certainly making it more difficult to achieve. However, according to the findings of a recent study of Australian values by Ipsos Mackay entitled ‘Being...Read complete post
CENTURY 21 launches revolutionary property ‘App’ in Australia
Here at CENTURY 21 Australia, we pride ourselves on being at the forefront of innovation when it comes to real estate. It therefore gives me great pleasure to announce the launch of the CENTURY 21 iPhone App which is set to change the way Australians buy and sell real estate and will ensure you never miss out on your dream property again. The free App is capable of providing users with unique, advanced and instantaneous information on listed...Read complete post
Reasons Why Your Property May Not be Selling
When selling a property there can be nothing more frustrating than watching it sit on the market for an extended period of time. As most properties are the closest to being sold just after they have been listed when buyer interest is high, it is definitely worth looking into the situation if yours has been languishing for awhile. There are a variety of factors that can affect whether a home sells, including how it is priced, how it looks and the way it has...Read complete post
It’s a Good Time for Buyers
I think it’s fair to say that the past six to 12 months have been a trying time for the residential property market. After several years of prosperity, the conditions we are currently seeing such as rising interest rates and issues with housing supply and affordability, seem to have somewhat instilled a sense of trepidation in people when it comes to entering the housing market. The interesting thing about this situation is that the current state of the...Read complete post