Right now there are about 385,000 properties for sale in Australia according to Louis Christopher from SQM Research. That is upby about 15% on this time last year. Brisbane alone has 30,000 properties on the market at this point in time.

 

This is a property buyers market and we have not seen a better time to buy than right now. However it is true that you will make money when you buy not when you sell. Here are some tips on how to buy well when you buy a property.

You would think that with so many real estate agents leaving the industry because of hard times, those remaining would be bending over backwards to secure all the business that can. Going that extra mile so to speak.

 

You have no doubt heard about position, position, position and how that is the be all and end all in real estate. Nothing could be further from the truth!

Sure, position is important but it is only one part of the successful real estate story.

I was called to a property this week to try to help figure out why it hadn’t sold. The house has been on the market for over 90 days, it is in a great position and has been through an extensive marketing campaign.

Position: a big tick!

Presentation: first class!

Price: well not too far off the mark in my opinion!

What’s left? Why hasn’t it sold?

 

There are now a record number of properties for sale in Queensland – more than in Sydney in fact.  

SQM Research say there are 24,000 houses on the market in Brisbane and only 20,000 in Sydney. Melbourne is the only capital with more properties on the market than Brisbane – 31,000.