Categories for Rant

Absorbtion Rate

July 21, 2019

1) ABSORPTION RATE- Important concept for Sellers. Years ago, I heard a well-respected trainer (David Knox from the USA) use this term and have adopted it since. It isn’t mumbo jumbo, it makes perfect sense… >>>How many properties in a particular market segment can a market absorb over a given time? In layman terms, the terms oversupply or under supply are a more general term...

Market Segments- The Concept Explained…

May 23, 2019

MARKET SEGMENT Many years ago, I started using a term which I called “Market Segment” in response to the recognition that the spread of price range in prestigious suburbs like Applecross, Mount Pleasant and Attadale was huge. You could have properties for $400,000 right up to $10M plus++ So, when buyers ask me things like, “What is the average price per sqm of land in...

Median price myth- How much is my house worth?

April 8, 2019

I was recently talking to a valuer friend Keith Barry recently about the current market and the ways many sellers and buyers (and agents) view the market and perceive values. It was a fascinating conversation. After we had it, we came up with a brand new measure we have agreed is a better and more accurate way of establishing a value of a property over...

Why it pays to move in a down market?

February 25, 2019

Why it pays to move in a down market? We often hear of sellers or potential sellers wanting to wait for markets to recover, or for prices to hit some pre-determined number desired or required. We have been hearing that on and off for ten years since the GFC of 2008. Imaging putting your life on hold waiting for a market to recover (For ten...