Sunday, February 15, 2009

Adelaide real estate data






::::::::::::::::::In a modern real estate market, it is crucial that buyers are well informed. Purchasing real estate has a greater technical aspect today than in the preveious decades, years and even months.
Adelaide has been a standout performer worldwide- historical and current data support its longevity. The point is, that it is critical to be well informed and have not only the right information at hand, but the buyer or buyer's representative must also know how to "drive it".
The local newspapers and internet report figures everyday that originate from reasonable sources, but predominately the operators have very little or no hands on experience regarding the Adelaide real estate market and are drawing statistics, creating reports from programs without actually knowing what it means.
For example:
Adelaide's southern beach suburbs, such as Christies Beach and Port Noarlunga have performed extremely well in the last 36 months and continue to do so. The difficulty in understanding this from a newspaper report that exclaims a 35% change in the market (either up or down) is that beachfront properties sell at or around one million dollars while several streets back, a 3 bedroom family home can be secured for $250k with a healthy rental yield. Given a month in which 15 houses are sold in Christies Beach,(a mixture of 4 beachfront and 11 backstreet homes) and reported in printed press against another single month (in which sales consist of 12 homes predominately in backstreets) sold in the same suburb, the newspaper has a habit of taking total dollar value over an unreasonably short sample duration and reporting a large percentage drop/rise.
There are hundreds of scenarios and I will talk more about these over the next few weeks.
Adelaide real estate is actually operating at a healthy and sustainable overall growth rate of around 3% over the last 36 months.
Buyers must be very careful from where they draw their information. Direct Negotiations has access to genuine, up to the minute sales figures on every house in every suburb. Our consultants are trained to interpret reliable data and generate accurate reports for Adelaide property buyers.
Tell us what type of property that you require
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If you are looking for a well performing residential or commercial investment property, an addition to your existing property portfolio or a home to live in, We guarantee to save you money on your next real estate purchase. Go to http://www.directnegotiations.com.au/ , or call the team on +61 8 84631997

Tuesday, February 3, 2009

Unique circumstances for Adelaide property buyers


The Reserve announced it will cut its official cash rate by 1 percentage point to 3.25 per cent, effective 3/02/09. In practical terms for homebuyers, financial institutions that commit to passing on the cut in full, effectively offer a standard variable rate of 5.91%
For a family with a $400,000 loan, Tuesday's rate cut, if passed on in full, represents a monthly saving of $248. In addition to the savings from last year's rate cuts of 3 percentage points, (banks passed on about 2.78 percentage points) the total saving for a family with a $400,000 loan is $990 a month.
Buyer's general caution in the real estate market has resulted in a choice of property available and some quality properties scattered amongst the non performers. Rental demand is strong and strengthening.
Investors are back into the 5-6% yield and the first home buyers are being offered the equivalent to their deposit,stamp duty and money to spare. The government has released its $42B economic stimulus package. Fuel prices are down.
These circumstances were completely unexpected and are unlikely to stack up this way again in our lifetimes. Individuals and society learn from their mistakes. The upside of this is that investors have the opportunity to safety and strategically build their portfolio while first home buyers can confidently get their foot in the door. This "perfect storm" cannot last forever, but while the circumstances are such, purchasing real estate in the resilient Adelaide property market is one of the strongest investments available.


If you are looking for a well performing residential or commercial investment property, an addition to your existing property portfolio or a home to live in, We guarantee to save you money on your next real estate purchase. Go to or call the team on +61 8 84631997