API Blog :: Have your say!

October 31, 2012

Our property markets as (mostly) iconic musical acts


Bless my friends. Even those not involved or interested in property still try to take an interest in what I’m up to. One recently asked me to explain why there’d been such a difference between cities in recent years… but not in a “boring, real estate, bla bla kind of way”.

BY SHANNON MOLLOY

On the spot and not quite sure how to proceed, I tried to devise an adequate approach. We were in a bar celebrating another pal’s birthday and it was quite late. I struggled to concentrate over the excruciating screeching of some God-awful remixed Pitbull monstrosity.

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October 26, 2012

Here comes the property market rebound


As 2012 comes to a close, it’s clear our property markets haven’t crashed like the overseas doomsayers and many in the blogosphere predicted. Yet they’re still out there – the property pessimists looking for a reason why property is doomed.

BY MICHAEL YARDNEY

Only last week another overseas ‘expert’ claimed property in Australia was significantly overpriced and likely to crash by up to 60 per cent!

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October 24, 2012

Web-dwelling doomsayers will be proven wrong… again


Why do property doomsayers get so much attention when they’re consistently wrong? Their dire warnings make for interesting headlines and web forum discussions, but the hysterical diatribe that spews forth is almost always baseless.

BY SHANNON MOLLOY

The property industry has always had to endure a stream of commentary from pessimists. For as long as there has been a captive audience, these negative nellies have brandied about warnings of massive price slumps, devastating market crashes and enduring financial despair.

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October 19, 2012

Where Australia’s rich live


If you want to know where Australia’s rich live, it’ll probably come as no surprise that Sydney tops the list. The harbour city is home to 19 of the country’s 25 most expensive suburbs, according to RP Data. Perth and Melbourne come in a distant second and third respectively.

BY MICHAEL YARDNEY

Perth has three of the top suburbs and Eagle Bay in Western Australia’s Margaret River region also rates a mention, while Melbourne scores two of the top 25 spots.

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October 16, 2012

Five things you need to do to crack into the property market


So, you’d like to buy your first property but don’t know where to start? There are many things you should consider to get started, but I’ve outlined five basic tips to make that first step a bit simpler.

BY PETER KOULIZOS
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October 12, 2012

Why Mark Zuckerberg took out a home loan… and why it’s almost interest-free


Facebook founder and chief executive officer Mark Zuckerberg is so rich that the cost of living in his $5.95 million Palo Alto mansion is essentially free, according to a recent article in Business Insider.

BY MICHAEL YARDNEY

Zuckerberg just refinanced his home with a 30-year variable rate loan starting at 1.05 per cent. This is below the current rate of inflation in the United States  -  somewhere between 2 and 3 per cent  -  so he’s essentially borrowing for free.

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October 10, 2012

Shrieking hysterically, near tears and in danger of over committing: my first auction experience


There I was, young and naïve, standing in the middle of a packed conference room screaming down the phone to my partner. “Run!” I shrieked hysterically. “Get the hell out of there!” That was my first and last experience with an auction.

BY SHANNON MOLLOY

I’m part of a fairly realistic, black-and-white type of family. As kids, we were taught not to count our chickens, never to get our hopes up and not to celebrate something until it was an absolute certainty. We’re Irish – it’s in our nature to be pessimistic.

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October 5, 2012

The biggest obstacle to becoming wealthy and how to overcome it


A while ago I discovered a money secret that separates the wealthy, successful property investors from average Australians. I’ve realised the biggest obstacle that stops some from becoming wealthy and I’d like to share my findings with you.

BY MICHAEL YARDNEY

Over the past 12 years, I’ve been conducting property seminars around Australia and Southeast Asia, explaining how I’ve grown my own very substantial property portfolio and how many of my students and our clients at Metropole have used property to achieve financial independence.

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October 4, 2012

API Podcast – October 2012


Play

Podcast Transcript

Hi listeners and welcome to this month’s podcast.

I’m Nicole Navarro, journalist with API, and this month I am speaking with the president of the Real Estate Buyers Agents Association of Australia (REBAA), Jacque Parker.

Today we’ll discuss what you, as a buyer should look for when seeking a buyer’s agent to find investment properties for you.

Nicole Navarro: Hi Jacque, and welcome…

Jacque Parker: Thank you Nicole, and thank you for having me.

NN: Now Jacque at a time when some selling agents are wanting to interchange between acting on behalf of the buyer and vendor, particularly to cash in on what is increasingly a buyers’ market right now, is there special licensing or a body that regulates against this type of behaviour?

JP: Look, certainly I think firstly it’s important to point out that buyers agents and selling agents actually cannot act for and accept a fee from both parties in the same transaction. It’s actually illegal here in New South Wales under section 48 of the Property, Stock and Business Agents Act.

Firstly, I think it’s important when you’re talking about selling agents acting as buyers’ agents, they have a legal obligation under the Act to disclose any relationships with any referrals and they have to actually accept a fee from the buyer to show they’re completely independent. When they’re working for an agency obviously it’s so much more tempting for them to show only listings from their own agency, so that’s why it’s always better to work with an independent buyers agent and not just a vendors’ agent, because there’s a clear conflict of interest there.
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October 3, 2012

It’s time for banks to stop taking the mickey… and for us to stop copping it


Lenders have become so predictably greedy in recent years that yesterday’s decision by the Reserve Bank of Australia (RBA) to cut the cash rate barely elicited a response from most people. Why would it? The soul-stealing demons at our biggest banks probably won’t pass on the reduction in full anyway.

BY SHANNON MOLLOY

Remember when RBA cuts actually meant something? There’d be an air of excitement surrounding the first Tuesday of the month and near-euphoric celebration if rates fell.

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