FOMO
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In the last six months we have seen some surprising and in many ways incredible prices paid on the Surfcoast as people look to change their lives post COVID. As agents we are continually getting asked what a property is now worth and it has been very challenging to place accurate figures on…
Great ocean report – December 2020
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Despite predictions from self-proclaimed property experts about the negative impact of COVID on the Australian property markets, the opposite has eventuated and we have never been busier. So, what is going on? Let’s take a look. There are two main themes to be examined when trying to demystify what is currently happening. The first…
Active
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The last two weeks since Melbourne was released from the “ring of steel” has been the busiest two weeks I can remember from a real estate perspective. It is a combination of elements that are driving this, some are psychological and some are a product of the environment that we find ourselves in as…
Wrong
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This week we saw a classic example of why it is important to take extreme economic predictions with a grain of salt. In May, Commonwealth Bank CEO Matt Comyn came out with the statement that there was a possibility of the housing market falling by up to 32%. This week he reports that the bank…
Headspace
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One of the most challenging things to cope with in times of disruption is the potential for negative story lines to dominate our headspace. It often starts by a series of challenging events, sometimes only small in nature, linking together and we tell ourselves that this is our new normal – and it’s all bad. When left…
Great Ocean Report – September 2020
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As restrictions start to ease from the pandemic in Australia, with metropolitan Melbourne being the last major battlefield, many are wondering what the property market will look like post COVID and whether it’s a good time or not to make a real estate move. Let’s try and find some clues to understand what’s likely to…
Get ready for Spring
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We believe this Spring will present a unique opportunity for property owners who are looking to move. If we look back to early June, when restrictions eased from the first lockdown period, we were staggered by the high level of buyer enquiries. We then proceeded to have the biggest June and July in the history of…
OK for today
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For many at present it is a time of anxiety and uncertainty. Even if you are not directly affected, just glancing at the headlines each day is enough to be concerned about how this will all play out. In times like these it really helps to have a strategy to deal with these negative emotions.…
End Of Financial Year Roundup – 2019/20
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How has your town’s values performed over the past financial year?
New ways
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Although the COVID 19 pandemic has been concerning, there will be many future benefits from new behaviours that have occurred, through necessity, because of the pandemic. The obvious one is the way many of us will work and interact with both colleagues and clients in the future. The Zoom phenomenon of meeting by video link…
Timing the market
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Asset markets, such as property markets and the share market, are fluctuating beasts that ebb and flow in their performance and results over time. The easiest way to understand why this occurs is to look at the herd instincts of the human psyche. Basically, everyone does what everyone else does. The amount of physical real…
Enquiry levels increase
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The past week has seen a dramatic increase in enquiry levels with both online and open for inspection numbers up significantly. There are several factors driving this. Firstly, the COVID 19 lockdown period has allowed people to realise where they don’t want to be and/or realise where they want to be in the future. We…
New normal
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Throughout the COVID 19 restriction period I have spent a lot of time working on the back end of our business so we can spring out of the blocks as things head back towards some normality. I’ve also spent a lot of time thinking what the new normal will look like. I’m fascinated with human…
Great Ocean Report – April 2020
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As we look back on our last report in February, we were describing a very different scene to what has unfolded since. Rather than dwell on what we already know and see in the press everyday we thought we would provide what we have seen in consumer behaviour from previous times of crisis. Hopefully for…
Could
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Could is the most disturbing and unsettling word in the English language right now. This small speculative word is used as both a weapon of influence and as a substitute for “beware.” It is used to control the population and to influence their actions by using our innate fear of the unknown. In unsettled times…
Priming your day
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One of the struggles anyone who works in a customer service role has (which includes real estate agents) is the consistent need to be nice to everyone you meet while you are at work. To work in these roles successfully it really helps if you are a “people person” by default but there are days…
Great Ocean Report – February 2020
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This is our first Great Ocean Report for 2020 and it is being written at a time of high activity and a generally buoyant real estate market. There is always plenty of property market commentary and as usual we will do our best to demystify what is happening for you. A quick recap for context.…
We see what we look for
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There are a couple of things that are universal that help us understand personality types. We are all products of our environment and secondly, we see what we look for. The first one is something that happens over time and the second can change on a daily basis. If you grow up in a family…
Buying in an active market
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Although the new year is only a couple of weeks old, early signs are that 2020 will see a highly active year for the real estate market. This is obviously good for property owners but can, at times, be highly frustrating for willing buyers as they often have to compete for properties. One of the…
Great Ocean Report – September 2019
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Spring is here and as the temperatures increase so does the activity in the Australian property markets. With so much economic news pumped into our daily lives, it is hard to understand exactly what is happening and how it will affect each property market in Australia. As usual, we will do our best to demystify…
Great Ocean Report – end of financial year roundup
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The 2018/19 financial year saw a slightly more subdued property market in terms of volume, but still a very resilient coastal market in terms of price. It is interesting to see the contrast in price and volume of house sales in each town in our service area from the previous financial year. So let’s look…