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Houses Not Over-priced say Banks

The chief executives of National Australia Bank, Westpac and Commonwealth Bank say that while they are worried about elements of the housing market, prices aren’t over-inflated. Westpac’s Brian Hartzer says a bubble isn’t occurring in Sydney or Melbourne, where house prices have risen the most. National Australia Bank’s Andrew Thorburn says there are increasing risks,… [Read More]

Managing the Sale

BY PETER O’MALLEY – Author of Real Estate Uncovered During the sales campaign of your property, the agent will more than likely have to make some recommendations. Whether these recommendations relate to the marketing, the price or whether to accept or reject an offer, their significance cannot be understated. On average most people sell real… [Read More]

How to attract a good tenant and keep them

By Andrew Trim Good tenants make property investment a less stressful experience. They lead to reliable cash flow, a reduction in turnover rates, less wear and tear on the property and generally less work overall. But how do you find the perfect tenant? Once you find them, how do you keep them? While there may… [Read More]

Albury Wodonga Market Update

The graph below, as produced by RP Data, tells an interesting story, but that’s all – an interesting story. As I have said in previous articles, the median price statistics don’t always tell the truth, but it’s the best we have access to. It seems the median price for single residential dwellings in the Local… [Read More]

Houses Selling Within a Month

It only takes about 31-32 days to sell a home in Sydney and Melbourne, says a new report by data firm CoreLogic. This is down from 70 days in January and February earlier this year. In Sydney, property sold within 32 days in September this year, compared with 46 days in 2012. In Melbourne, the… [Read More]

Vendor Paid Advertising On The Rise

Written By Peter O’Malley – Author of Real Estate Uncovered Sellers asked to foot the bill, again. Sellers need to establish the true cost of advertising their home and avoid inadvertently paying to promote the agent. The cost of advertising a home is rising and beginning to resemble the newspaper era. Owners are being offered… [Read More]

Inside Secrets of Real Estate

Selling or Investing in Real Estate? Neil Jenman shows you how real estate consumers collectively lose millions of dollars each year. This seminar is essential viewing for home owners, home buyers, and property investors.

Should you renovate before selling?

With TV shows such as The Block and Reno Rumble gaining immense popularity in the last few years, many homeowners have been inspired to carry out their own makeovers and add value to their homes. A question our sales team at Drummond Real Estate often get asked is “should we renovate before we put our… [Read More]

Brexit Boosts Property Safe Haven

Brexit will boost Australia’s residential property market as the UK decision to leave the European Union will increase perceptions of the market’s safe-haven status, observers say. Nerida Conisbee, the chief economist at REA Group, shrugged off a question that uncertainty created by the UK’s vote to leave the 28-nation EU bloc would impact the Australian… [Read More]

Red Shield Appeal 2016

Members of Drummond Real Estate and the newly formed specialist Property Management business BDM Leasing gave up their Sunday on the 29th May to raise funds for the Red Shield Appeal. “We really appreciated the generosity of the staff to give up their time. To match the $1500 raised at the doors with a corporate… [Read More]

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