1. Are we in a real estate bubble?

    After this week’s announcement from the RBA that interest rates will remain unchanged, there has been a lot of talk about if we really are in a housing bubble at the moment, and if it will burst soon. So I thought it would be interesting to see what the experts have to say.

    According to Mark Hewitt, General Manager of Sales and Operations for Australian Finance Group, “Australia has never really seen a housing bubble like those experienced in the US and some parts of Europe following the GFC. People are getting the potential for a slight price correction or a slowdown in growth mi

    ... Read more
  2. The flurry.

    There has been a flurry of interest in the area from interstate. What’s going on? Are people getting nervous about the bubble bursting, or are they trying to get in early before it does? Whatever the answer, whatever the reason, it doesn’t really matter. What matters is that there are buyers out there, and they are keen, curious and ready! So if you’ve been thinking about selling, or know someone who is or has been thinking about it, now seems like the perfect time to get on the market.

    As previously stated, we have a shortage of properties in town around that $400,000 ̵

    ... Read more
  3. Rate My Agent….what is it?

    This week I spoke with the co-founder of a site gaining a lot of traction in the real estate world. The site is RateMyAgent. Below is part of an article recently published in the Australian Financial Review;
    Choosing the right real estate agent to sell one of your most valuable assets – the family home – depends on more than a firm handshake and warm smile. Picking the wrong one can potentially lose you thousands of dollars.
    Plenty of agents claim to be the best in their area. But knowing whom to believe takes more than a meet and greet.
    Agents build listings through word of mouth, repeat

    ... Read more
  4. Buying the listing…

    What does this mean? Well, in a nutshell, it relates to agents overpricing an owners property to get the seller to sign up. Openhomeonline strongly opposes this.

    It exists and is not ethical behavior. A seller should be very wary of the agent or agency which overprices. How did they come to this figure? What is the price substantiation analysis? If an agent is trying to woo your business by giving an inflated price, you can be sure that they are out for themselves rather than the client.

    I personally refer to this practice as ‘buying the listing’. An agent should be open and hones

    ... Read more
  5. Winter wonderland

    With Winter fast approaching we are expecting the weather to cool right down, however the real estate market is doing anything but that. The local market is still a hive of activity, keeping everyone on their toes.

    Winter Styling? The same way that we create al fresco dining and imagines of a chilled wine or beer on the verandah on the weekend in Summer, the same needs to be done during the colder months. Instead of opening up the house, close curtains and light fires or turn heaters on to create warmth. Remember, the image you want to leave a prospective buyer is that your home is perfect fo

    ... Read more
  6. The ripple effect!

    People ask us often; ‘what do you think the property market will do?’ Next year? Next week? Hmmm. Well traditionally, we should keep pace with inflation. Currently, that’s low. Very low. Property prices are rising faster than inflation right now, and have been doing so in the Bellingen area over the past 6-12 months. In fact, I’d say that prices of residential property have moved around 5-10% over that period…far more than inflation. Why? It’s the cycle we are in. Low interest rates and low unemployment levels. The huge markets of Sydney and Melbourne are ex
    ... Read more
  7. What’s happened this week?

    Well, its been a busy one! Aside from a serious lack of sleep attributed to the new born Ruby, the real estate world continues to push forward.

    Congratulations to Mic and Rebecca on the purchase of the beautiful 1920’s house on Dowle Street, 1.5 acres of riverfront land. The move from Sydney to Bellingen will be welcomed by their two young boys…..land to run, rivers to swim and trees to climb! Congratulations to Kim and Michael also, where will the next move take them? Lani and Terry moved out of their Sunset Ridge home toward Coffs and Lee moved from his hometown of Orange onto the N

    ... Read more
  8. A Record Low & A Record High

    Well someone was in the know last week and rumours were confirmed with the RBA cutting interest rates to a record low at 2.0%. Borrowing has never been cheaper and the property market is looking to stay strong through Autumn and Winter at least.

    At the other end of the spectrum, openhomeonline has achieved a record high sale price for Dowle street this week – well into the 600,000’s. Many of our sales have been in the 600,000’s, and at close to three quarters of a million dollars for a single residential home, the sales team have recorded the highest residential price in Bel

    ... Read more
  9. Three Exchanges & A Baby!

    Well, it doesn’t get more exciting…. Three property exchanges this week! Which confirms all reports that the property market is not slowing down anytime soon. It’s not only happening in the city, there is movement everywhere and now is the perfect time to list your property. Movements in, out and around the Bellingen Shire is proving lucrative for buyers and sellers alike. Mid-range housing in town is still in very high demand and is evident by what is selling quickest. More and more we are finding buyers for properties as soon as they list because we know exactly what they a

    ... Read more
  10. A busy week!

    As far as sleepy country towns go, Bellingen was anything but this week. Not only were there lots of holiday makers during the school holidays, there were also prospective buyers scoping out the town and the local real estate market.

    A busy week has seen numerous inspections keeping the sales team at openhomeonline very busy. Three eager vendors are awaiting contract exchanges, and one sale this week happening before our photographer even got a chance to take the photos for the marketing campaign.

    It really does pay to list your property with experienced sales agents who can tap into an alread

    ... Read more