Home Price Guide

Table of Content

• Apartment popularity rising as first-time buyers stay hopeful of buying a house in next five years
• Chinese buyers remain the dominant force in Australian real estate market, new report shows
• What if I don't own the property?
• How many properties can I track?
• Why track my property?
• Price Guides Explained
• Latest insights and data on the property market

The potential purchasers have to pay for a building inspection, if the want one, not the vendor. It's a sellers market, and hence why so many people cannot afford houses, sadly, in 2022. Monitor the market to make informed property decisions.

If you’ve been hiding under a rock you may remember the glory days of offers over. This was a crazy time in real estate a very competitive housing boom and properties were selling way over what was quoted. For example a property may have had a price guide of offers over $900,000 and could have sold for $1.2million at auction. A lot of buyers missed out and this ultimately left a bad taste in their mouth.

Apartment popularity rising as first-time buyers stay hopeful of buying a house in next five years

Habitat Real Estate is a property management business that is creating a difference – a personali... There is no limit to the number of properties you can track. Once you have tracked a property you will be able to track additional properties, make changes to your property relationship and change your primary property.

In 2018 new legislation was introduced and offers over is now banned in NSW. This is one causes the most confusion in the market and frustrations can boil over on auction day and here are the reasons why. Dependant on the agent a single price guide can be interpreted three different ways. If the agent quotes say $700,000 this could mean that the likely selling price should be around or either side of $700,000.

Chinese buyers remain the dominant force in Australian real estate market, new report shows

Press Control + F which brings up a search box, and search for "marketing_price_range" without the quotes. This will take you to a place on that page that shows the price guide which could be something like 1m_1.5m as an example. The median house price in the suburb that realestate.com.au displays if you go into the loan section is probably a better indication than any of the marketing range rubbish. A lot of listings on realestate.com.au do not show the price, rather it says "Contact Agent" or maybe it's an auction, which makes it difficult to understand if it's in your price range.

So much secrecy and dicking around with the Australian market. Where I'm from price is required in the ad, as well as an independent property survey detailing the state of the building. This way, buyers will have a reasonable idea of any extra investments they might need to factor into the near future, and seller won't suddenly be made liable for major faults with the property cause it's all out in public. The only person who is a bit hamstrung by this is the agent, an annoying group with too much power in this country. Try Susa out what price they are marketing our, make a note of it, and then watch and laugh when it regularly sells at auction for $200k more. However the agent can legally quote the bottom end of their appraisal range to buyers for example if the owners of a property wanted say $770,000 for their home and the agent has appraised it at $700,000 - $770,000.

What if I don't own the property?

Knowing your relationship to the property helps us provide you with personalised information that may be useful or of interest to you. We do not pass this information on to third parties, or display it to other users onsite. Check out recently sold and currently listed properties in your area. This definitely sounds like something that we do need here in Australia.

Price guides can be very tricky to navigate and even harder in a rising or falling market. In the end it doesn’t matter what the agent quotes its what the owner will accept and what the buyers are willing to pay. As a buyers we are inspecting multiple properties everyday so it pays to get expert advice on what properties are likely to sell for.

The agent is legally allowed to quote $700,000 as the price and an uneducated buyer can interpret this as an asking price of $700,000 or worse what the owners will accept. Don't get me started on price guides which you can spot are on the low side a million miles off.... If you want a rough guide of what the vendor is hoping to get for the property, there's a little trick you can do to find the price range. This is probably the easiest for people to understand its very simple the price will most likely end up between X & X figure. The legal maximum this figure can be is 10% apart so for a $550,000 property the agent could say the likely selling price is between $500,000 - $550,000. It’s unlikely they could be accused of underquoting, because that field isn’t intended to be the advertised price range.