Property taxes jump in Victoria's 2023-24 Budget
Victoria's 2023-24 budget tackles the state's mounting debt caused by COVID-19, resulting in winners and losers. Big businesses and landlords bear the burden of repaying the debt, while small businesses and certain sectors receive support. Let's explore the key aspects of the budget that impact the property sector and big business taxes. Winners: Small Businesses: · ...
Impact of Treasurer Jim Chalmers' Budget on Australian Real Estate Markets
Treasurer Jim Chalmers recently unveiled a budget centered on cost-of-living relief. With a $14.6 billion package, it aims to alleviate power bills, reduce health costs, and support vulnerable Australians. Additionally, the budget focuses on creating affordable housing and increasing wages. However, not all Australians will benefit from this package. Key budget measures include: Cos...
Navigating the Real Estate Market Amid Rising Interest Rates
Over the past year, we have seen a significant increase in interest rates, with an unprecedented 11 rate hikes. This has led to mounting mortgage stress for homeowners and potential buyers, turning the once-stable real estate market into an uncertain landscape. In this blog post, we will explore the impact of these rising rates, discuss strategies to cope with mortgage stress, and offer tips fo...
What now?
The current state of the real estate market is experiencing a mix of challenges, but overall, it is managing to remain resilient. Here are some key factors to consider. Limited supply: The ongoing lack of available properties in the market is helping to maintain strong property values. With fewer homes available for sale, demand outpaces supply, which creates upward pressure on price...
The Importance of Pricing Your Home Correctly
When it comes to selling your home, setting the right price is crucial. Not only does it impact the potential buyer's interest, but it also determines how quickly your property will sell. In today's challenging real estate market, it's essential to understand the importance of pricing your home correctly. Here are a few key reasons why. Attract the right buyers: An accurately price...
Why Your Agent's Tech-Savviness Matters in Today's Real Estate Market
In the rapidly evolving world of real estate, staying up-to-date with the latest technology is no longer a luxury—it's a necessity. A tech-savvy agent can provide a seamless and efficient home buying or selling experience, making the process less stressful and more enjoyable for clients. Here are four reasons why it's important to work with a real estate agent who's keeping up with releva...
The Importance of Understanding Buyers.
The real estate market has seen significant changes in the past decade, with a continuous boom that has led to unique challenges for both buyers and sellers. In this ever-evolving landscape, it's important for buyers to be aware of the dynamics at play, especially when it comes to working with real estate agents. Here, we will discuss the role of agents in the buying process, the significance o...
The Next 6 Months: Navigating Australia's Real Estate Market
The Australian real estate market is poised to experience some significant changes in the next six months, particularly as over 800,000 mortgages are set to transition from fixed rates to variable rates by the end of the year. With half of these mortgages making the switch by the end of the financial year, many households are bracing for the impact. This shift to variable rates will li...
5 Tips to Prepare Before Contacting a Real Estate Agent
If you're considering selling your home, there are several things you should do before calling a real estate agent. Taking these steps can help you feel more confident and prepared as you embark on the selling process. Here are five tips to keep in mind: Do Your Research: Before reaching out to a real estate agent, spend some time researching the local market. Look up recent sales ...
Presenting Your Home for Sale - 5 Essential Tips
If you're thinking of selling your home, you'll want to make the best possible impression on potential buyers. Your home's presentation plays a crucial role in attracting interest and securing a sale. Here are five key points to consider when preparing your property for inspections. 1) Decluttering: Less is More A clutter-free home not only appears more spaci...
Take a Breath.
In a world where we are encouraged to hustle and work hard, it's easy to forget the importance of taking some downtime to recharge. This Easter, take a moment to pause and reconnect with family and friends. Whether it's a small gathering or a virtual catch-up, spending quality time with loved ones can be incredibly rejuvenating. Not only does it help to strengthen relationships, but it...
More views online has to mean a higher price, right?
If you're selling your home, it's natural to assume that the more people who see it online, the higher the price you'll be able to command. After all, greater exposure should lead to more interest and more competition, right? While it's true that online views can help increase awareness of your property, there are other factors to consider. For example, the quality of the photos and ov...
Rates Rise for the 10th Consecutive Month in a Row.
The Reserve Bank of Australia has recently lifted rates for the 10th consecutive time, signalling a new era of higher interest rates. While this may not be great news for borrowers, it can present an opportunity for property sellers to take advantage of a changing market. If you're a homeowner considering selling your property, now might be a good time to do so. Rising interest rates...
New or Established?
Buying a brand new house can be an exciting and rewarding experience. There are many benefits to choosing a new build over a pre-existing property, and here are just a few: Customisation: When you buy a brand new house, you have the opportunity to customise it to your liking. You can work with the builder to choose finishes, fixtures, and layouts that suit your preferences and lifestyle. Thi...
Time to put a line in the sand.
In a slowing real estate market, it can be challenging for sellers to get their properties sold quickly and for a fair price. This is where using a deadline, or a "deadline" sale, can be highly beneficial. Here are a few reasons why: Finite time for buyers to make a decision: A deadline sale gives potential buyers a set amount of time in which to make a decision about whether or not to mak...
Real Estate & Generative AI
Generative AI is a powerful technology that has the potential to transform the real estate industry in several ways. Here are a few examples: Virtual staging: Generative AI can be used to create realistic 3D models of properties, which can then be used to virtually stage homes. This technology can save time and money by eliminating the need for physical staging, and can help potential buyers...
Choose an REIV Agent.
Choosing a real estate agent can be a daunting task, especially if you're unfamiliar with the industry. With so many options available, it can be challenging to know where to start. However, one factor that should always be taken into consideration when selecting an agent is whether they are a member of a professional organisation such as the Real Estate Institute of Victoria (REIV). ...
Sales volumes drop and agents need to be mindful of their obligations.
In Victoria, the Estate Agents Act governs the conduct of estate agents in the state. The act sets out a range of legal obligations and requirements that estate agents must follow to ensure they act fairly and ethically towards both buyers and sellers. One of the key obligations under the act is that estate agents must provide accurate information and feedback to both buyers and seller...
Is Bigger Better?
When it comes to real estate agencies, many people assume that bigger is always better. However, the truth is that smaller, independent real estate agencies can often offer superior customer service and results compared to larger franchised offices. Here's why. Personalised service: Smaller real estate agencies are often more nimble and responsive than larger agencies, al...
Great Time to Upgrade Your Home!
If you've been considering upgrading your home, but have been hesitant due to the current economic climate, now might be the best time to take the plunge. With a falling real estate market, you may get less for your current home, but you end up in front as more expensive homes may have the same percentage fall, but the actual dollar figure is higher. In this post, we'll explore why now might ...
Need a Property Manager?
If you're looking for a property management solution, look no further than Dave Stewart, from Market Share Property. With over 25 years of experience in the industry, Dave, Leesa and MSP have the expertise and knowledge to manage your property efficiently and effectively. One of the key advantages of using Market Share Property is our experience managing both large and small ...
Has the RBA lost the plot?
The simple answer is no, they haven't. Inflation must be contained because if it gets out of control, it could lead to some very dire consequences. Inflation is a common concern for many countries, and Australia is no exception. The rise in inflation can have a significant impact on the real estate market, with potential consequences for both buyers and sellers. One of the main dan...
Introducing Dave Stewart
David is known for his expertise and commitment to providing exceptional service to his clients in Croydon and surrounding suburbs. With years of experience in the industry, David has established a reputation as a trusted and knowledgeable real estate agent who consistently delivers results for his clients. David's approach to real estate is centered around his clients' needs and goal...
Underquoting in Real Estate
Underquoting in real estate refers to when a property is advertised for sale at a price that is lower than the expected final sale price. This practice is illegal in Victoria. Unfortunately, it still occurs, and it can be frustrating and misleading for buyers. Here, we will explore the issue of underquoting in Victoria and what you can do to protect yourself as a buyer. Why d...
Refer a Friend
Market Share Property is offering an exciting opportunity for its clients to receive a gift card of their choice to the value of $500. All you need to do is refer a friend to Market Share Property and you'll be eligible for this fantastic offer. Referrals are a great way to help friends and family find their dream home while also being rewarded for your efforts. With ...
Why Choose an Agent?
Selling a home is a big decision, and it can be tempting to try to save money by selling it yourself. However, the benefits of working with a real estate agent far outweigh the cost savings. Here are some reasons why using a real estate agent is the better choice. Expertise and knowledge: Real estate agents have extensive training and experience in the industry. They hav...
The Real Estate World is changing
Director of both Market Share Property and highly successful Proptech, Market Buy, shares his thoughts on the changing landscape of Australian Real Estate. See the article here.
Dave speaks about Social media in Elite Agent Magazine.
In the March edition of Elite Agent, Market Buy and Market Share Property Director, Dave Stewart talks about the importance of finding your tribe. He explains that is is vital that you don't seek to appeal to everyone but, instead, find those people that are more likely to resonate with you and share your core values. These people make the best clients and sets everyone up for the best result...
Dave Talks Tech
Dave Stewart was recently featured in the prominent real estate industry publication, Elite Agent Magazine, discussing emerging real estate tech trends to look out for. Dave is regarded across the Australian Real Estate industry as one of the county's leading innovators and is often sought out for his opinions and views on the growing Prop Tech scene. Dave's multi award winning company Market ...
Auction or Tender, Price or No Price?
I was in a listing presentation last night and I was the third agent in. There was a lot of discussion around two key points, the price that could be achieved and the method of sale. The previous agents had argued extensively for their particular point of view. One strongly favoured no price and an aggressive Auction, while another was pushing the virtues of a fixed price sale with a tender s...
APRA finally makes changes to lending.
Today, the Australian Prudential Regulation Authority (APRA) has confirmed that it will proceed to adjust the mortgage serviceability assessments and remove its 7 per cent interest requirement. Financial institutions will instead be required to set the standard affordability measure at 2.5% above the loans variable interest rate. With many loans now offering rates around 3.5% interest this cou...
The Hive?
There’s change afoot within the real estate industry and it leaves many agents in a quandary. There is so much being written and talked about that often agents are just left scratching their heads trying to decide what moves they should make next and what the next few years may look like for them. I have an opinion, a theory if you like, of where our industry is headed. Many talk of dis...
Latest Media Article in Elite Agent Magazine.
Last week, our Director David Stewart was featured in Elite Agent Magazine talking about Market Buy, our award winning Online Offer Management System. We have now passed 800 accounts around Australia and New Zealand and our growth shows no signs of abating any time soon. Read the full article here. For our local home owners, Market Buy offers an unrivalled opportunity to ensure that you get t...
Real Estate in the Digital Age Done right
Here's a story.There was a house in Queensland that received an offer on Monday. Some back and forth and a couple of buyers saw the price progressively rise.On Friday night one buyer met the counter offer of the Owners and the sale went On the Market.Another offer followed and then another offer.The agents, in the meantime were enjoying their lives. One was rocking out at the Regurgit...
It's Time for the Next Evolution of Marketing.
We are going to run an experiment. Over the last few years we have all seen the explosion of social media and it now permeates almost every aspect of our lives. It has many, many applications and businesses are only just beginning to learn how to use it in their day to day mix of marketing. Some do it very well and, lets face it, some are just appalling, but that’s true of most things in...
realestate.com.au Name MSP as top 3 Finalists.
Yep, we have done it again! We are changing the industry one agent at a time. We have just been named as one of 3 Finalists by property website realestate.com.au for our innovative Offer Management process known as Market Buy. This software allows agents to provide easy access for buyers to make offers on real estate from any internet capable device. We have just ticked over 700 agents ...
REIV Finalists in 2 Categories!
We are excited and proud to announce that we have been named as a finalist in two categories for 2018 in the REIV Awards for Excellence. These categories are: - Small Residential Agency of the Year. This recognises our contribution to the overall real estate industry. In the last 12 months we have conducted in excess of 200 training sessions with agents comprising online, in office, seminar ...