Friday, August 28, 2009

Video: InsideStory 28th August 2009




Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Adelaide: 1 of only 3 capital cities to be in +ve territory, RPData

The latest report on Australia’s property market shows some interesting trends on the rental front.


You will note that Adelaide was one of only 3 capital cities to be in positive territory, but it has softened from the zero vacancy rates of 6 months ago.


The new “Market Activity Index” is going to be a great forecast tool and there are details of that in this weeks report.

Market Activity Index launched: RPData.com(PDF)

Enjoy the read and do not forget to get your iPhone out and have a play with Toop&Toop’s new technology. Try it by going to Safari Browser on the iPhone, enter iPhone.toop.com.au and then book mark it by touching the little + on the bottom of the screen... and away you go. The more you play, the more you will discover!




Enjoy…and call us to sell or rent out your property!






Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Friday, August 21, 2009

National auction clearance rates and Time On Market info: by RPDATA

Hi InsideStory Readers

Here is the RP Data report covering this week National auction clearance rates and some information on “time on market” which may interest some home sellers.


PropertyPulse by RPData 140809(PDF)

Regards

Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Investor Signposts By CommSec

I was fortunate enough to see the CommSec Chief Economist Craig James for breakfast this week thanks to our friends at the Commonwealth Bank and I must say it was very motivating.

After so much doom and gloom for so long Craig painted a pretty upbeat picture on South Australia and explained the interest rate situation very clearly.


I have attached a concise, easy read from CommSec. In just two pages it covers in particular the questions relating to future interest rate movements. Previous InsideStory reports contain a lot of this information including the report from the Governor of the Reserve Bank, but this report is concise and to the point.

CommSec Investor Signposts: Week beginning August 23(pdf)

Print it off, sure to be handy for the dinner party discussions.

Enjoy the read,



Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Wednesday, August 19, 2009

This week's InsideStory

InsideStory is a hard sell this week, sorry!

Toop&Toop, an icon 100% South Australian family business ask for your support. As one of the very few remaining 100% South Australian Born, Bred, Owned & Operated real estate Brands, we need your referrals, your houses to sell & rent. In return we will be able to increasingly invest in our community, including programs such as our Toop Academy, helping to keep our kids in S.A.

Sellers, spring 09 has begun early & we need your properties right now. Success for a real estate agent is about having the houses to sell (& rent). While having the buyer is critical, it is the seller with their listings that drive the business. For buyers we developed VirtualAgent, a patented multi award winning selling system to help buyers find that perfect property... BUT you have to register with us! Toop&Toop is the most innovative real estate agency in Australia, with arguably the greatest selling horsepower of any real estate group in the Country. We have 10,000 managed active buyers from around the globe. Toop&Toop’s vision is to be a REMARKABLE ORGANISATION... from our sales success to our involvement in the Community.

A market research paper a few years ago summed it up...“it really is a matter of Toop&Toop & the rest”.

International & interstate brands have gobbled up personalities & identities of old. Real estate is becoming bland & process driven. Call it progress or call it BIG MULTINATIONAL BUSINESS, passion has turned to profit as the characters also disappear. Supermarket real estate agencies have a major place in real estate but companies like Toop&Toop ensure customers get a choice.

Have confidence in Toop&Toop’s 24 year history of excellence. We have grown to be the largest independent real estate agent in the State & one of the largest in the Nation. This is a 100% family business. We have the Networks, the resources & horse power to access Global & National markets & have an amazing profile Nationally thanks to the success we have shown the Industry on the National Stage. Toop&Toop are the ONLY REISA HALL OF FAME inductees, the ONLY real estate Family Business Association of Australia HALL OF FAME inductees, & only one of two real estate agents to ever win the Australian Real Estate Institute REIA Agency of the Year Awards of Excellence. ( log on to www.awards.toop.com.au ).

Toop&Toop understand we are not prefect however we lead the country. Thanks to our technology break throughs, & contrary to what competitors may have you believe, when it comes to real estate it COSTS NO MORE TO HAVE THE BEST.

Buyers, be sure you register your requirements with Toop&Toop (log onto www.register.toop.com.au). Our 7 offices work as one, so we can email, SMS or call you with any new properties that come onto the market, often just hours after it happens. Once registered, we will treat you as our VIP.

Support your own home grown 100% South Australian businesses as we support you, call our team to sell or rent your property.

The hard sell is over, & next week it is back to the InsideStory.



Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Monday, August 17, 2009

Housing affordability speeches by RBA's ANTHONY RICHARDS

Hi InsideStory Subscribers.



Yesterday I was Joint Key Note speaker at the Commonwealth Bank “Private Bank” breakfast and Michael Workman was flown in from Sydney (Michael Workman, Senior Economist, Institutional Banking and Markets) to provide some insight into the market.



Michael referred to particularly useful information from Anthony Richards. I thought it would be great to give you the links to these speeches in case you are interested.


Subject: Housing affordability speeches by RBA's ANTHONY RICHARDS, Head of Economic Analysis Department


Conditions and Prospects in the Housing Sector
26 March 2009-04-01

http://www.rba.gov.au/Speeches/2009/sp_so_260309.html


2. Some Observations on the Cost of Housing in Australia1

27 March 2008

http://www.rba.gov.au/Speeches/2008/sp_so_270308.html





Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Friday, August 14, 2009

BIS Shrapnel Long-term Forecast - from "TheRealNews" by REIA

I have not been posting the Real Estate Institutes reports on the InsideStory up until now but when an interesting report that is focussed on the cosumer generally comes through, we will.

This is the latest that arrived a few moments ago and feel free to give any feedback as to whether it is of interest.

TheRealNews Issue.31 by REIA (pdf)

I hope you are starting to use the information, things are hotting up a bit in property right now.



Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Thursday, August 13, 2009

This week's InsideStory : So what is going on right now, right here in Adelaide?

Conflicting property media reports always bring quite a reaction. Over the past two weeks I have been asked a lot of questions. So what is going on right now, right here in Adelaide? It’s simple, demand for “market priced” property is very strong.

Toop&Toop have had the biggest July sales in our 24 year history. Given sales volumes are of less interest to property owners than price, what has happened to prices? Prices seem to be holding well across the entire market. While the sub $600k bracket has been in full boom, we have seen some “green shoots” (to adopt the trendy lingo), in the top end.

Let’s take a quick history lesson!! Demand for property over $600k from September 08 until the second week of December 08 was shocking. High volumes of property flooded the market during a period when confidence was in free fall due to the effects of the GFC. Buyer numbers didn’t drop, however their behaviour did. Those buyers who remained active were essentially out for bargains. This situation happened so quickly no one was prepared for it. The interesting twist was Adelaide sellers generally did not capitulate to the downward buyer pressure on prices. Minor adjustments made by sellers in their sale expectations combined with a reduction of stock levels and a rapid fall in interest rates all converged and resulted in the return to a balanced market by the 2nd week in December. It was quite a rollercoaster for all but the first home bracket which was the sweet spot in the market.

December 15th 08, things turned. Properties started to move, stock returned to manageable levels and sellers had made adjustments to meet the new conditions. Buyers also conceded they wouldn’t get that massive bargain, it simply wasn’t there, so they got on with purchasing. Buyers playing hard ball began missing out. By March the middle to top end started to really get moving.

Now in August 09, fixed interest rates are trending upward while variables remain at 49 year lows, but the Banks have gone conservative, making it tougher to borrow and taking weeks to approve loans that would have taken days last year.

Good property is in strong demand. We are seeing some amazing results mixed with some ordinary results. Having been in the business for 30+ years, this is what we would have considered normal, in normal times. Good with the bad. Some wins, some losses... right now the market seems balanced. This is a market where Sellers need to invest in the best marketing, best negotiating, best auctioneers, best trained staff... or you may get hurt in the sales process.

Good luck to all the spring sellers... investors, time to re-enter the game. We need more rental properties!




Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Thursday, August 06, 2009

This week's InsideStory

July proved to be another strong month for the property market!

While price sensitivity remains a trigger point for buyers, our team on the frontline are seeing realistically priced homes on the market just a matter of days before being snapped up.

Good news for vendors in the ‘Prestige’ area of the market! Over the past few years these properties have certainly been affected by global and market forces. Here are some facts I was sent just this week courtesy of Neil Bray, Executive Director, Land Services Division.

Number of Sales in SA over $1million

2006/07: 343
2007/08: 514
2008/09: 420

Thanks to the first 6 months of 2009 we fared so much better than the outlook appeared in December. I believe that if we broke these figures down further you’d see we’ve been playing ‘catch up’ since January Ð but I’m certainly not complaining nor, I’m sure, are sellers.

On the frontline it also appears we’re seeing some steadily emerging optimism amongst prestige buyers. The proof? Last month Toop&Toop sold 10 properties over the $1million mark. Now that’s a good result for the top end!

In regards to another report we placed online earlier this week from RP Data, figures from the June quarter are out showing the market is performing well nation wide. Median property prices are up across the capital cities with Adelaide recording a growth of 0.4%, Darwin recorded the biggest rise at 3.9%, closely followed by Melbourne 3.7% and Canberra 3.3%.

While everyone’s talked about a decline in property prices over the past 18 months, which we’ve all felt, here’s the big picture of how Adelaide’s market played out against the National prices.



The upside is last quarter began to change the trend for Adelaide with a positive growth. What now? Well I’m starting to feel that Spring ’09 may fare ok for house salesÉ but only time will tell.



Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group

Tuesday, August 04, 2009

Core Graphs - August 09, RPData

InsideStory brings you some extremely good information and for those of you who love to follow the market, you will love this report.

Core Graphs - August 09, RPData (3.35MB)


Thanks to the team at RP Data, these graphs provide an instant snap shot as to how property is tracking.



Enjoy the read




Anthony Toop, Managing Director.


www.toop.com.au


© Toop Real Estate Group