Who knows what next

The last week has seen a trend that I haven’t seen in my time in real estate. The phones not ringing, emails have come to a halt and not much is happening at all.
The rental market is still very tight with latest figures showing thew market has not improved. Rentals are only taking a matter of days not weeks to secure a good tenant. The vacancy rates are still very low at 1.5% for Newcastle.
Experts are saying that the depressed market has worse to come. Some analysts are predicting as much as 10% further reduction on housing prices. Real Estate is a market where you can buy and sell at the right or wrong time and end up with mixed results. now is the time to buy.
My experience says that there are some vendors who are willing to take offers that are far below their expectation.
For some great properties at prices you can afford click on this link www.nobullrealestate.com.au/properties.php

Is there light at the end

Latest figures have shown a significant drop in prices in all capital cities for the last quarter. Sydney figures are showing a drop in house value of 2.1% for the three months which adjusted for the year is about 8%. Analysts are predicting a further 10% drop over the next 12 months. It is time the government stepped in and starting giving some relief to investors by way of land tax. If there was a rebate or exemption of some kind for first time investors, say on their first investment property, mum and dad investors would be more inclined to buy. The rental crisis is still with us, with a vacancy factor of 1.5% for the Hunter. Things are going to get worse before they get better.
We are seeing stories on TV now about ruthless investors taking advantage of tenants by shoving 16 people in a one bedroom apartment, charging them each $140 per week. People are going to become desperate and start doing things that will bring on violence and illegal activities, or worse still people could be killed because of safety issues.
The banks are stating that even if the reserve bank drops rates, that there is a chance that they will not pass on the cuts. All this after the Commonwealth Bank just posted a profit of Billions.
Now is the time to buy and poosibly get something at a discounted rate. for every one hundred properties, there has to be a percentage, even if it is only 1%, of people who are desperate to sell.
Look at everything and make offers!!!!
to see some properties for sale, go to http://www.nobullrealestate.com.au/ and click on the sales icon.

Is there light at the end

Latest figures have shown a significant drop in prices in all capital cities for the last quarter. Sydney figures are showing a drop in house value of 2.1% for the three months which adjusted for the year is about 8%. Analysts are predicting a further 10% drop over the next 12 months. It is time the government stepped in and starting giving some relief to investors by way of land tax. If there was a rebate or exemption of some kind for first time investors, say on their first investment property, mum and dad investors would be more inclined to buy. The rental crisis is still with us, with a vacancy factor of 1.5% for the Hunter. Things are going to get worse before they get better.
We are seeing stories on TV now about ruthless investors taking advantage of tenants by shoving 16 people in a one bedroom apartment, charging them each $140 per week. People are going to become desperate and start doing things that will bring on violence and illegal activities, or worse still people could be killed because of safety issues.
The banks are stating that even if the reserve bank drops rates, that there is a chance that they will not pass on the cuts. All this after the Commonwealth Bank just posted a profit of Billions.
Now is the time to buy and poosibly get something at a discounted rate. for every one hundred properties, there has to be a percentage, even if it is only 1%, of people who are desperate to sell.
Look at everything and make offers!!!!
to see some properties for sale, go to http://www.nobullrealestate.com.au/ and click on the sales icon.

Is confidence returning soon

The reserve bank has announced that the rate of inflation has eased due to consumer spending. Retail figures are at the lowest in many years and this has created a stablising market. Recent house prices have dropped nationally by about 1.5% whilst the stock market has dropped by about 17%. This still makes real estate the best long term investment you can make for your money.
If consumer spending remains low, the reserve bank has declared that interest rates could drop within the next few months. If the banks pass on the reduction is another matter. Because of the overseas lending crisis, the local banks are stating that they cannot reduce rates. This is hard to beleive that the banks cannot afford to drop the rates, as they are still posting huge profits.
If you are thinking of buying a property, now is the time to buy. When interest rates do drop, confidence will slowly return to the market place and consumers will start buying again. This will change the supply and demand ratio and there will be less property to buy, thus creating higher prices.
there is still an oversupply of property available to buy and there is sure to be some sellers that are willing to take far less than their asking price. Look at everything and put in a bid and someone is sure to accept your offer.
If you want to see some bargains go to www.nobullrealestate.com.au/properties.php