July 23, 2015

Local Knowledge

We don’t live far from the hub of Brisbane and those that visit appreciate what our lovely small town has to offer.  They embrace the unique mixture of people, wonderful character homes and of course our waterfront.  Those lucky enough to live here value the history, quirkiness and the wonderful artists we have, and that has a bonding affect on our entire support network.  How lucky are we!

Our current property market appears to be stable—it hasn’t gone up or down, but we are looking at a 50% reduction in the number of homes on the market with only 177 properties in the 4017 postcode for sale - Shorncliffe 11, Sandgate 19, Brighton 55, Deagon 40 and Bracken Ridge 52 (sourced www.realestate.com.au).  

Lack of stock seems to be a problem across the board and many homes being listed are selling fast.  With this type of market, it’s wise for buyers to be prepared and get their finances in order so they are ready to roll when the right home comes along.  If you need to sell to buy, then you really should know what your home is worth in today's market.  A Comparative Market Analysis (CMA) is a great place to start and as local agents with a great knowledge of the area, we can prepare this information for you with no obligation.  

We were recently asked how negotiable agents commissions are in Queensland so we decided to investigate what other states charge.  Commissions are rarely advertised but thanks to Mr Google it was surprisingly easy to find how we compare.  The average Australian real estate agent commission is around 2.2%.  Tasmania is the highest ranging from 3.9%-11.4% depending on the selling price (good old Tassie).  Queensland agents     commissions were recently deregulated and we are still going through a settling in period but we are sitting on an average of 2.2% inclusive of GST.

Experts recommend that sellers spend an average of 1% of the selling price of their home on advertising.  In some states and inner suburbs this could be well worth the costs, but we’re a different market.  Advertising should maximise the exposure of your home and should be as individual as the home itself.  Call us for more information on the best possible plan for you and your property. 

No comments:

Post a Comment