News

We are currently in a market where developers are paying historically high prices for development sites. This includes not only development sites for this cycle, but developers are also land banking for the next cycle. In most cases developers are paying prices well above the market value of the properties in their current state. Developers … Continued

What will 2016 bring to the property market? January 2016 saw some big changes in real estate legislation aimed at curbing “under-quoting”. In summary, agents now need to quote a narrow guide (no more than 10%) that mirrors the agency agreement made with their vendors. Specifically, they are no longer able to quote “offers over….”. … Continued

Australian Financial Review article