Expect delays, but look positive
Get in early!
Welcome back readers!
A socially distanced, mask-wearing welcome but a welcome nonetheless as we enter a 2022 that is already doing its best to snare headlines.
Ladies and gentleman, this is just about it for the property market in 2021, as the very last properties go live this week before the much anticipated Christmas and New Year break.
A Final Rush to the Finish
And just like that, its December.
Time is of the Essence, seriously.
Much has been made in the media this week of a case of a young couple buying a home in Brisbane that, through apparently no fault of their own, forfeited a $75,000 deposit on their dream home.
Not the time to be cheeky
Think back 18 months ago (or near enough to it), when COVID first entered the Australian psyche, people were worried about what could happen next and the property market hit what felt like a full stop, with fears of a freefall.
Staying “Available” in a Hot Market
Is it still available?
Get your garden in gear
Outside of a fresh coat of paint and some modern lighting, there are few things you can do to your home that will do more to the value, for less of a budget than good gardening.
Farewell price tag?
If you are a buyer in this market, you might think (fairly!) that property, in particular the right property, is a rare commodity.
Time to be Alarmed
If you have an investment property in QLD, then no doubt you’re sick of hearing it by now...
What’s Your Motivation?
I had an interesting question posed to me this week – why should I sell, only to then pay more to get back into the market?
The Heat is On
Summer is well and truly upon us, with a very sneaky weather change from cool Cairns winter to scorching days almost overnight.
An outside perspective on Cairns
An inspection not to miss
If there is one inspection that remains critical for a buyer, even in a world where there’s a growing trend of buying sight-unseen – it’s the pre-settlement inspection.
Getting it Right the First Time
Entry Condition Reports – they’re not much fun to read, let alone write! But you know what’s even less fun?
Finding new benchmarks
What is the new price of your home?
We’ve dodged a bullet, but keep the vest on for now
If there was ever a time to be excited about empty streets and closed shopfronts it was earlier this week as Cairns entered its first lockdown since March & April last year.
Making the call before auction day
Price guides could offer a helping hand
“Terminating without Grounds” has good legs to stand on.
Rental Reform in QLD is once again a hot topic, particularly in light of the ongoing surges in the rental market and a seemingly never ending demand for housing.
Don’t mess around with multiple offers
“I don’t want to miss out again, I have been looking for 6 months and every time I find “the one” there is always a higher offer!”
Stamp Duty vs Land Tax
While its easy to say taxes are bad, they are an absolute necessity if we would like to keep the lights on, hospitals open, schools running and every other service we take for granted operating.
Moving fast to go slow
As the market continues to move, there is a lot more time going in to preparing a property for sale than there is in the actual active on-market sale process.
More Positives than Negatives for Investors
With a combination of both record low interest rates and rising rents, properties are increasingly offering a positive position from day one.
Something to get excited about
I have developed an absolute LOVE of what I do, that thankfully still gets me excited to come to work in the morning, and to finally click SEND on a proposal well after I should have probably gone home for the night.
When downsizing makes sense
In a market where tight housing supply is driving record prices across many suburbs but units continue to lag behind, a unique opportunity is emerging for those ready to “right size” from a full size house to an apartment in Cairns
Property and the Budget
On the housing front, more money has been put behind getting people into their first homes, with a further 10,000 places to be released per year for the successful First Home Loan Deposit Scheme.
A Big Welcome Back
Real Estate Institute of Queensland Zone events to resume in Cairns again
There is still reason to work at it
With buyers emotional in their purchases and FOMO running rampant, why wouldn’t you lean even more into ensuring your property tugs every one of those emotional heartstrings?
Getting the Edge in Renting
With tenancy applications flying thick and fast for virtually every reasonably priced property, what’s a tenant to do?
It's Worth Being Certain
When it comes to making (or receiving) an offer, the vast majority of contracts dealt with, will have some level of uncertainty attached to them by way of contract conditions.
A Week to Remember
HomeBuilder and JobKeeper to run dry
Something’s got to give
1% vacancy across long term rentals
The Difference a Year Makes
12 months and a week ago, the (real estate) world had the look of running into that same Post-GFC nightmare, and it looked SCARY.
Class is cancelled but real estate goes on
While this might be fun for kids getting a day home from school, for those selling their home (or just trying to get their properties to market), it can be a trying time!
The Countdown is on for Homebuilder
You have just 4 weeks to get the build contract finalised and ready!
As things change
Have another think about that one street over
A good market
Don't let the market be an excuse for not marketing
Buying off the plan
is becoming popular in Cairns
A teaspoon of prevention
Changing your Home
but not your address
Back to work
with a brolly
As 2020 Wraps up
where to next?
Adapting to a Changing World
but at least its exciting!
Moving in the right direction
not all money looks the same
Positive Signs Continue
expect to see more changes as QLD opens up
A contract under the tree for Christmas
time is well and truly running away from us, especially when it comes to property.
Make it personal
but don't take it personally
It's been just over 90 days since Homebuilder
When is the Value, not the Value?
replacement value and market value
Not so Super for Some
Risks and Rewards
It's all down to timing
Time is of the essence
It's a changing world
but the market charges on
but be prepared
Happy (?) New Financial Year
Turbulent past 6 months
Happy to call Cairns Home
Reminding ourselves why we make Cairns Home
Looking for Land?
You won't be the only one...
Going Hard and Fast
Buyers seem to be out in greater numbers
Balancing Supply & Demand
Property volumes are improving
We've now seen the first relaxation of social distancing measures
Keeping balance when things go Topsy Turvy
Government has put forward a raft of proposed changes to residential tenancies
Taking the Air our of AirBnB
We are now seeing a reversal as AirBnB properties move back to long term rentals
Netflix & Declutter
Stuck at Home?
No Opens, but still Open for Business
what a difference a week can make
Keeping the Doors Open with Open Homes
Keeping the Doors Open with Open Homes
Adding Net Value
adding value with rennovations
Playing the Waiting Game
Made an offer on a property and have not heard back from the agent - don't panic!
That first step made a little easier
Federal Government’s First Home Buyer Deposit Guarantee scheme
Are you one of the 1%
1% Vacancy Rates being reported among property managers in Cairns
Rental Reform Requires Reflection
Proposed rental reforms to change the shape of property investment
Effective Advertising and Your Home
More money for your money