Wednesday, September 29, 2010

The show must go on!

The million-dollar question this week
was, do you delay your property sale
another week or not? Well as with the
Grand Final result, we will know soon.
In an event even bigger than this
week’s opening of Toop&Toop's
new Hyde Park office; the 100,016
spectators who attended ‘that one
day in September’ witnessed a game
they will never forget…Collingwood
V St Kilda. It’s the first draw the AFL
Grand Final has seen since 1977.
In an amazing twist of events, it’s been
a year that’s seen a hung Parliament
(where it took 17 days to decide on a
winner) and now an AFL Grand Final,
which ended in a draw – potentially
causing a lot of problems for agents.
Many believe all eyes will be set on the
AFL again this week as the two teams
prepare to go back into battle – the
biggest game, media wise, in
AFL history.
We have fielded plenty of calls from
anxious home sellers this week. In a
nutshell, sellers have had two options:
postpone their auction/opens for
another day/week, or go ahead as
planned. The reality is that the show
must go on!
We reviewed last weekend’s Grand
Final impact and received positive
feedback. Opens went ahead, buyers
were still active in the marketplace
and the real estate sky did not fall in.
In reality any delay in your sales
process creates an even greater risk
of being caught up in a late spring
bubble of property releases, creating a
flood of stock and stalling the market.
This is the likelihood we are facing,
especially if interest rates go up next
Tuesday!
The number of properties hitting the
market in the space of the next few
weeks is expected to skyrocket with
the Commonwealth Bank joining the
growing number of banks shifting
expectations of another interest rate
rise on October 5. Therefore we feel it
is vital that those looking to sell should
proceed at full speed ahead.
So have faith that not everyone will be
in Melbourne or having another Grand
Final BBQ this weekend (after all not
everyone follows AFL). Those who have
pushed on with open inspections may
be the big winners on the day, with so
much happening in the market at the
moment. In the week leading up to
the October long weekend last year,
30 properties were photographed
in preparation for their advertising
campaigns. This the year the number
has dramatically increased with our
photographer visiting 45 properties this
week. The increased number of sellers
along with the current strength of the
Aussie dollar and the traditional onset
of investors is creating a real
estate buzz.
As Collingwood coach Mick Malthouse
commented last week “Expect the
unexpected – but when it happens, be
ready for it.”
Bring on the rematch…bring on
the sales…
And a big thank you must go out to
those who came out for the opening
of our Toop&Toop Hyde Park office
‘The Abbey’ on Thursday. Make sure
you check out the latest
episode of Toop.TV where I
chatted to my mother about
‘The Abbey’ and the history
my family has had with this
building over the years.

Anthony Toop, Managing Director.
www.toop.com.au
© Toop Real Estate Group

Thursday, September 09, 2010

Rental growth in Australia- the performers and the laggards (RPData)

Hi InsideStory subscribers,

There has been a flurry of new reports coming through, but those of you who are investors, this is essential reading.

Rental growth in Australia- the performers and the laggards (pdf)

We have Cameron Kusher speaking to this report next week in a 4 minute segment next Wednesday and a 30 minute Fireside Chat going to air next Friday at 12 noon.

Great information,

Regards



Anthony Toop, Managing Director.
www.toop.com.au
© Toop Real Estate Group

Market Wrap: Presentation

Dear InsideStory Subscribers


Here is a comprehensive power point presentation on the real estate market.

Click Here

It is a complete Market wrap and we have our Friday Fireside Chat with RP Data’s Cameron Kusher next Friday at 12 noon where he will explain it all in detail.


I recommend you read the presentation before next Friday 17th September, then watch my interview on www.toop.tv .


Remember all the Toop.TV interviews are available also on archive and on podcast…..check out some of the current interviews now if you have time.



Regards



Anthony


Anthony Toop, Managing Director.
www.toop.com.au
© Toop Real Estate Group

Housing Affordability: Poorly Understood.

Hi InsideStory Subscribers


Attached is a great summary of what has been happening in the property market, including a piece on Housing Affordability.

CommSec Research. Investor Signposts: Week Beginning September 2010 (pdf)


Here is a quote to give you a taste….”One of the most poorly understood concepts in Australia is housing affordability. However to be fair, the main reason that it has been so poorly analysed and understood over time is because data has been either incomplete or inconsistent.”


Craig James is always interesting, and if you want to see our Toop.TV interview with Craig James on this subject be sure to look up that interview on Toop.TV by clicking here.



Enjoy the read,


Regards

Anthony Toop, Managing Director.
www.toop.com.au
© Toop Real Estate Group

Friday, September 03, 2010

Units give houses a run for money: RPData

InsideStory subscribers here we go with Units verses Houses, which is the better investment.
RPData Property Pulse (pdf)
I do not actually agree with this but there you go, you decide!

Regards

Anthony Toop, Managing Director.
www.toop.com.au
© Toop Real Estate Group