Infolio, Spring Property Update by Lauren Staley.

So, what is the key to success in a buyer’s market?

If you want to make a smart purchase, it boils down to one essential skill: negotiation. While that might sound simple, you need to remember that real estate agents are seasoned negotiators—they do this all day, every day. Their job is to secure the best possible price for the seller, so having strong negotiation skills or employing a professional buyer’s advocate is critical to ensure you're getting the best deal possible.

Why is it hard to value a property?

Valuing property in today's market is extremely challenging, even for real estate agents, who are sometimes accused of underquoting. So, is it underquoting? We would argue it isn't. Rather, it's the result of undersupply and high demand in certain market pockets. For instance, last week in Surrey Hills, a property with a quoted range of $2,000,000 to $2,200,000 saw a heated auction with over 20 bids, ultimately selling for $2,737,000. While the property sold well above the quoted range, the real estate agent wasn’t intentionally underquoting;

Chris Gray from Your Empire Sydney, Zoran Solano from Hot Property Buyers Agency Brisbane, and Lauren Staley from Infolio Property Advisors in Melbourne share their valuable key insights on the Australian Property Market Update for July 2024 and share their opinion on the latest CoreLogic HVI July 2024 Data. They delve deep into various crucial topics, providing a comprehensive overview for those seeking to stay informed about the current trends and developments in the real estate landscape. The YouTube video covers the following topics:

• The best way to present yourself for a home loan is by working with your mortgage broker.

• How to hold onto your investment property through the cost of living crisis

• Southern state buyers are moving to South East Queensland (SEQ), Gold Coast, Brisbane, and Sunshine Coast, where there is fantastic value for like-to-like property.

• Growth plateauing in SEQ

• Beware of inexperienced buyer agents. If you are looking for a buyer’s agent, ask the following questions;

  • What is your experience, and how long have you been in the industry?

  • Who are your contacts? What is your feed process like?

  • Can I see your referrals?

  • Vendors dealing directly with a buyers agent? What do the experts think?

• CoreLogic HVI Report, be mindful that it is the area average and not reflective of the blue-chip areas.

Why is the ‘quoted range’ changing?

We have observed an increase in properties where the initial quoted price starts significantly below the property's actual value. As the marketing campaign progresses, the price gradually increases, ultimately selling for an amount well above the original price. Agents are struggling to confidently assess property values due to significant and seemingly inexplicable discrepancies in results. This uncertainty has made them hesitant. As a result, they initially set lower prices to attract potential buyers and then increase the prices once they feel more confident about market expectations. Below are three recent examples.

Property Market Insights April 2024:

Thank you to THE EXPATRIATE Presenters: Lauren Staley (Melbourne) Infolio Buyers Agency, Chris Gray (Sydney Your Empire), and Zoran Solano (Brisbane) Hot Property Buyers Agency for putting together this fantastic YouTube Movie to help you through all the hype about the Australian Property Market to help you make informed decisions about purchasing, investing or selling property in Australia. In the video, the specialist will cover the following topics and offer the following tips, insights, market trends, opportunities and strategies for you to consider;

“Money is made in the buying,” says Lauren Staley, from Infolio Propertyn Advisors.

Investing in property isn't about timing the market; it is about buying well. This doesn't merely imply snagging a property at a bargain price; it's about securing the right property for a fair price. The money is made in the buying. Seek sound advice, commit to your investment, and focus on quality acquisitions. Follow this process, and you will achieve success.

Exploring the Australian Property Market: March 2024 Reports

In the dynamic landscape of the Australian property market, staying informed is crucial. Delve into the latest insights and statistics with our two exclusive Property Market Reports for March 2024.

Gain valuable perspectives as we present the data from CoreLogic Australia alongside firsthand views from our property specialists based in Sydney, Melbourne, and Brisbane. Stay ahead of the trends and make informed decisions as we dissect the intricacies of the current property market in Australia.

Melbourne ends the year 2023 as a buyer's market. Plus the link to 2024 predictions by Founder and Director Lauren Staley from Infolio Property Advisors.

Infolio November Property Update - Melbourne

Despite the increase in on-market housing stock during the spring, the scarcity of top-tier family homes in blue-chip areas remains a persisting issue, one we anticipate dealing with in the foreseeable future. Why? It's a straightforward equation: limited supply combined with rising demand due to migration means there isn't enough inventory to meet the market's growing need. In addition, vendors only sell when they can see suitable properties to move into are on the market.

Lauren Staley’s insight on the recently released “Victorian Housing Statement. The decade ahead-2024-2034.”

Competitive auctions are back, but not for all Melbourne properties.

We a property it at approximately $3.45 million, possibly even $3.5 million, amid competition. To our surprise, the bidding war concluded at a remarkable $4.3 million, leaving the vendor thrilled and neighbouring property owners reevaluating their price expectations.

A dormant market with signs of a strong spring selling season.

Lauren Staley, Managing Director of Infolio Property Advisors, shares her insights about the upcoming Spring Market.

June Your Empire Market Report

What are the key takeaway tips?

The market is on the run, driven by the under-supply.

Sydney has increased 4.5% in the last 3 months, with Melbourne +0.9% and Brisbane 1.4% also recovering strongly.

It is important to note that the market has seen 3-4 months of positive growth.

It is not too late to get into the market with RBA increasing interest rates by .25 essential points for the cash rate, now is a good time to buy.

We have four expert perspectives sharing their opinions about the Australian Property Market. First up from Buyers Agents Chris Gray Your Empire Sydney, Lauren Staley infolio Melbourne, Zoran Solano Hot Property Buyers Agency Brisbane and CoreLogic’s Research Director Asia Pacific Tim Lawless.