Newsletter – November 2017

There’s always talk about what’s going on in the property market. There’s speculation, forecasting, research and all kinds of talk – that often contradicts one another – depending on their motive.

So I’m going to join in on the talk because I’m excited about what I’m seeing.

After a long stretch of being firmly wedged in a seller’s market, the property market seems to be finally balancing out so that savvy buyers can buy well.

Buyer’s agent Elaine Davies writes about it in her blog. She writes that the auction clearance rate last weekend was 65% – down from a massive 80% last November.  “Today, in my humble but professional opinion, when a vendor sells a good property at a realistic price, there is equality between them and the buyer.”

So if you’re buying, sniff out the good ones. Do your research, come up with your bidding and negotiating strategy, know your limits, get your reports and get your finance ready. If you need a hand buying, talk to Elaine – she’s an expert at this!

If you’re selling, you can still get a great result. You just need to put in a little more effort – make sure the house is in optimum condition to sell, make sure you have a great agent and that you’ve priced the property realistically.

There were no surprises from the RBA this week with rates staying on hold at 1.5%. If you haven’t re-financed in the last couple of years, you need to talk to me.

If you’re ready to invest in property, Love Property are running two great events next week. A lunchtime webinar giving you an insight into property markets across the country and a spotlighting a couple of great investment solutions, plus a pre-launch opportunity to invest in a fabulous development in the West End of Newcastle.

Book your space for the webinar (1pm Wednesday 15th November)

Register for the Newcastle Pre-Launch Opportunity (6:00pm Thursday 16th November in Redfern)

Give me a call to chat about your plans. I’m here to help as soon as you’re ready!


Michael Luca
0405 113 543