The Christmas Rush

Traditionally the last quarter of the year is a busy time for most people in the property industry. In our experience, this quarter presents vendors who wish to sell and have the deal finalised by the end of the year. Therefore making it a great period for purchasers. The pending shut down over the Christmas … Continued

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Spring residential market update

2016 has seen interest rate decreases, a year of low stock levels and a Federal election. As such this year’s Spring season is a hot topic in the industry at the moment given the momentous price growth we have experienced in Sydney in the last few months and years. Clearly much of that growth has … Continued

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Finding opportunities in the residential market

An interesting and well-publicised example of market forces at work has been the knock-on effect of Lockout Laws on the Kings Cross precinct now known as Potts Point and Elizabeth Bay. In February the Sydney Morning Herald reported that the median unit price for Potts Point had increased 25% since the laws had been introduced … Continued

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$6.15 million profit in two years

Client Success Story; Prosper Group assisted their client in making a 58% profit or $6.15 million in two years. How was this done? Acting on behalf of their client Prosper Group; Sourced the property as an off market transaction, meaning their client didn’t have to compete against other buyers in the market. Using their negotiation … Continued

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Stay Calm and Get Your Finances In Order

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

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