Tag Archives | Brisbane Real Estate Market Update

New Listings for this Week, Available Now!

Hi all,

Don’t forget about our New Listings email, sent out every week which features interesting articles and the list of properties open or inspection. Click here to check it out, you can always subscribe to recieve it!

Thanks!

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October 2011 Month in Review and National Property Report

Hi,

We constantly get reports about the market conditions by the media so I have included a link here to the latest edition of the REIQ Queensland Market Monitor which is  a quarterly, electronic publication entirely focused on residential sales and rental research data on a suburb-by-suburb basis (where available) throughout Queensland.  They provide  information on Median sale prices and weekly rents  for houses, units and townhouses; gross rental yields and vacancy rates;  and analytical commentaries.

It shows the property market in some areas is doing fine! We are certainly getting properties sold and usually in weeks not months 🙂 So there are a lot of factors that come in to play.

Click here to download the latest edition of Queensland Market Monitor

Also included here is a link to the latest Herron Todd White Month in Review – October 2011 and National Property Report.  Lots of facts and figures here too for those who love to analyse and their market predictions too.

Please follow the link below to download the October 2011 edition
http://htw.com.au/Month_in_Review/MIR-October-2011.pdf

Regards and best wishes,

Christina and Grant Penrose

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Understand Your Contract and Save Future Hassles

Understanding and negotiating suitable terms of contract is an important step in the purchase process when buying property. Buyers should be aware of all inclusions and any easements or covenants on affecting the property and proposed settlement or completion dates.

Ensuring that the contract accurately reflects the purchaser and seller and defines the correct property is of vital importance and will eliminate the need for costly changes to the agreement at a later date.

It may seem trivial, but entering a contract that contains a simple error such as an incorrect spelling of a name – where it doesn’t match other identification documents such as drivers’ licenses or birth certificates – can in fact create undue stress and issues down the track.

Similarly, where a contract doesn’t specify a complete list of inclusions, problems can occur upon settlement when items that the purchaser assumed were included are in fact no longer with the property.

Your solicitor or conveyancer should undertake thorough searches on your proposed purchase and make sure that you can “perform” within the terms of the contract.

Your legal representative should ensure the following:

  • Any land tax adjustments.
  • That completion dates are suitable to the purchaser, particularly if they are selling another property in order to buy.
  • Inclusions match the buyers’ expectations.
  • Any release of deposit clauses are accurate and workable.
  • Development consents where the building has undertaken recent additions.
  • Drainage and sewerage diagrams.
  • A survey of the building ensuring that it does not encroach on an adjoining allotment.
  • Confirmation of vacant possession if required.

Your legal representative will be well-versed with the contract and will understand all the clauses that affect your purchase. You need to liaise with them in terms of the inclusions, your expectations and suitable settlement time.

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Opportunities in our Midst, Latest statistics Released

It is no secret that the market is not running hot right now and the latest property reports confirm this. Download a free copy of the “Herron Todd White – August 2011 Month in Review and National Property Market Report” to find out where the best opportunities are available and what is happening in the real estate market in your area and across the nation.

To read the full report, click here.

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Keeping Watch – How to Spot an Illegal Drug Lab

The Commonwealth Government has developed new national guidelines on remediating sites used to manufacture illicit drugs. The Clandestine Drug Laboratory Remediation Guidelines provide a step-by-step process to determine whether a site is contaminated, and assist in making a decision about how it should be cleaned.

Some key indicators of clandestine laboratory activity may include:

  • Blacked-out windows;
  • Evidence of chemical supplies or chemical waste on premises;
  • Strong chemical smells coming from premises;
  • Frequent visitors at irregular times; and
  • Excessive ventilation or security measures.

To view the guidelines visit the Australian Government, Attorney-General’s Department at http://www.ag.gov.au

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