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Market Trends: Is the real estate market set to rise this year?
RealTeam started the year strongly, with several new clients wanting to buy Adelaide property. It’s a good time to be buying — the RPData-Rismark Index reports that Adelaide property prices are still declining, with a 1.6% decline, to a median of $395,000 in the latest …
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Property is not fungible
Unlike shares, property is neither interchangeable nor ‘the same as all the others.’ Each and every property is unique: each and every owner is unique. This is where comparisons between shares and property break down – only the numbers are looked at. Here’s an example …
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Australian house prices still too high?
The just-released 2013 edition of the annual Demographia International Housing Affordability Survey reports that Australian houses are among the least affordable in the world. Using methods recommended by the UN, the World Bank and Harvard University, median priced houses in Australia cost more than 5 …
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Cost of Living in Adelaide
The cost of living is determined to be what it costs to maintain a certain standard of living. There are complicated formulas and indices used to calculate the cost of living in a city which result in a number which, on the whole, won’t mean …
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Reasons to do Business with RealTeam: Reason 2
Whole of Life With our whole-of-life approach, we help clients find ways to fit their property into their, much more important, overall life and plans. Ideally then, it becomes a vehicle to help them toward their goals and aspirations. In the current slow property market, …
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Homebuyer Tip: House Affordability part 1
House Affordability Over the past few years, many people have become homeowners, or have moved into the 2nd (or 3rd etc) home. Most of those people bought with the expectation that the price of their home would keep rising. Some of those people have become …
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RealTeam’s Eighth Anniversary!
RealTeam is now eight years old! Yes, July 1st began RealTeam’s ninth year of working to help people with their property needs. In our eight years of business, we’ve had the privilege of working with several hundred clients, and interacting with even more people on …
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Will the RBA increase interest rates?
ANZ Research’s Australian Economics Weekly reported today, that data from the first quarter of 2011 “contained little to dissuade the RBA from tightening policy in coming months. It is now a question of timing. While our forecast remains for the RBA to lift rates in …
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Is this a good time to buy property?
Everywhere, real estate agents are telling me ‘the property market is slow’. Some agents tell me they don’t want any more listings, because they cannot sell the stock they have. Traffic at Open Inspections is down to zero in some cases. These are classic symptoms …
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How to buy property well
Today I talked with a couple who are planning to buy a rental property. As I always do, I asked them what their expectations are from the property they buy. These folk have already done some preliminary investigation into finance, tax implications and more, so …
