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Australian Financial Review – Julie-anne Sprague, 4/11/2015 Perth property prices have slumped more than 6 per cent this year and experts say any recovery is at least a year away. According to the Real Estate Institute of Western Australia, house prices in Perth plunged 4.2 per cent in Septmber, the biggest quarterly price drop since… Read More
10 Years Old! Ten years ago this September, Bernie Kroczek Real Estate was born! So a Happy Birthday to us. Bernie commenced his real estate career 28 years ago with Roy Weston in Duncraig where he stayed for a number of years. Those were the days when selling real estate meant hours of door knocking,… Read More
So, screamed the headline in the Financial Review! After the biggest resources boom in 150 years it seems, the party is over. Only a few short years ago experienced commentators and business leaders were proclaiming a resources boom lasting decades. Alas, like so many crystal ball gazers, the predictions evaporated almost as soon as they… Read More
All of us here at Bernie Kroczek Real Estate would like to thank you for your support throughout 2014 and we wish you and your families a wonderful Christmas and all the very best life has to offer for 2015. We hope you enjoy our little bit of fun!
The Commonwealth Bank has pinpointed five reasons why house price bubble signs are not evident in Australia. It listed the five factors that typically characterise a house price bubble. It then gave their reasons why they are not evident in Australia. 1. Unsustainable asset prices, but the current situation is: Prices supported by the excess… Read More
Australia has a number of major property markets, mainly centred around the various capital cities. Then there are markets within each state. Even in the capital cities there are different markets. So, I find it somewhat confusing to hear things like “…. Real estate in Australia is booming”, or “.. Price growth loses momentum”. When… Read More
This interesting article appeared in the Weekend Financial Review’s property section last weekend, (March 15/16). We thought you might be interested. The article warns investors of the traps associated with buying an investment unit in a market where supply outstrips demand. The cities mentioned with inner city vacancy rates in excess of 6% were Perth… Read More
Nationally, property values are increasing and Perth is no exception. Often in a rising market where there is a shortage of stock, as we currently have in Perth, there can be a tendency to ‘rush in” due to fear of missing out. It only seems like yesterday, during the boom of 2006 when Perth prices… Read More
As you have probably seen in the media, there is a bit of a debate raging between the various commentators and interested parties about whether tax concessions for investment property should be abolished. This is an ongoing debate and comes up from time to time depending on the affordability of housing, particularly for first home… Read More
We’ve had a big and busy year here at Bernie Kroczek Real Estate and hope 2013 has been good to you . There’s lots happening next year and we are expecting a very active property market. We wish you all the best for a safe and happy Christmas break and look forward to helping you… Read More
If you were selling a property, what value would you place on your selling agent not disclosing your personal circumstances to the general public? Quite a bit, I’m guessing? Would you want any potential buyers to know your particular reasons for selling your home, and even worse, what your minimum price might be? According to… Read More
I came across this article posted on Wednesday (July 31st) entitled “Perth housing now strongest vendors’ market since 2006: MacroPlan Dimasi”, by Larry Schlesinger . It starts out by saying: “Vendors will continue to have the upper hand in the Perth residential market due to not enough new houses being built to satisfy the city’s… Read More
Once you decide to sell your home, it can be helpful to start thinking of yourself as a businessperson and a vendor rather than the home’s owner. By looking at the transaction from a purely financial perspective, you’ll distance yourself from the emotional aspects of selling the property that you’ve undoubtedly created many memories in…. Read More
…So screamed the headline in last weekend’s Australian Financial Review. Unlike a lot of the stuff you read in the press about the property market, most of which is written to generate either fear or greed, this one is true. Two years ago there were over 18,000 properties on the market in Perth. As of… Read More
They say you can’t teach an old dog new tricks. Maybe not, but there is no limit to the capacity of the human mind to receive new knowledge. For example, last week I went to a Brisbane to attend a 2 day intensive course entitled “Motivational Shift”. The course was being presented by former real… Read More
As we embark on another working year following the Christmas and New Year festivities and feast of public holidays, the predictable predictors are out in force trying to forecast which way property prices are headed over the next 12 months. So far we have heard that house prices will fall by 40% or increase by… Read More
Well, Santa has done his work for another year and now it’s time for us to do the same! Christmas, for many, is a welcome respite from the stress and activity of the year. Personally, I love the Christmas/New Year period and make a point of catching up with friends and family who can sometimes… Read More
To Buy or Not to Buy? That is the Question! Interest rates in Australia are currently at their lowest level since May 2009 when they fell to just 3%. If you recall this was in the middle of the Global Financial Crisis (GFC), otherwise known as “The Great Recession”. At the time the Reserve Bank… Read More
It’s not an uncommon question I hear from landlords. Let me ask you another question. Do you need a property manager at all? Not everyone needs a professional property manager. For example some people have sufficient spare time to deal with the physical aspects of managing their property. Such things as • meeting prospective tenants… Read More
Let’s face it everyone, including real estate agents, think their own home is worth more than it really is. Not only do we think our own home is worth more than it really is when we come to sell it, but also our car, our TV, our fridge and the list goes on. This is… Read More
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