Finding opportunities in the residential market

An interesting and well-publicised example of market forces at work has been the knock-on effect of Lockout Laws on the Kings Cross precinct now known as Potts Point and Elizabeth Bay. In February the Sydney Morning Herald reported that the median unit price for Potts Point had increased 25% since the laws had been introduced … Continued

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$6.15 million profit in two years

Client Success Story; Prosper Group assisted their client in making a 58% profit or $6.15 million in two years. How was this done? Acting on behalf of their client Prosper Group; Sourced the property as an off market transaction, meaning their client didn’t have to compete against other buyers in the market. Using their negotiation … Continued

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Stay Calm and Get Your Finances In Order

What will 2016 bring to the property market? January 2016 saw some big changes in real estate legislation aimed at curbing “under-quoting”. In summary, agents now need to quote a narrow guide (no more than 10%) that mirrors the agency agreement made with their vendors. Specifically, they are no longer able to quote “offers over….”. … Continued

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Where is the Sydney auction market right now?

It’s the question on everyone’s lips – has the Sydney real estate market peaked? Are prices really falling, or is this just a slow down in an ever-rising market?   After months of unprecedented 80%+ clearance rates and constant record-breaking prices, the media is now feeding us a barrage of mixed reports ranging from “record … Continued

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The great ‘I’ll wait’ debate

‘It’s too expensive to buy now, I’m going to wait’   ‘How much longer can this growth keep going?’   ‘I should have bought 3 years ago’   These are comments we are hearing again and again. Whilst demand for property is currently high, we are starting to see some buyers scared off by the … Continued

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