Home Loans May Become Easier

One of the big four banks has hinted that getting a home loan may become a little easier following the banking Royal Commission. ANZ’s head of Australian Economics David Plank says that, in terms of policy, most of the credit tightening measures are already in the system. “The Royal Commission report doesn’t point to any further need for banks to tighten,” Plank says. “But there is still some way to go to implement all the steps that they’ve got in place, so you’ll probably see through some further tightening, but the vast bulk of it’s through.” He says it’s unlikely there will be any additional shocks and for some buyers to expect increased competition among lenders. “I think we’ll see at the margin some relaxation perhaps in criteria as they think about what they’re going to do with investor only loans,” he says. “The regulator has made it clear that they don’t want to see any further tightening so it’s possible that greater certainty might lead to some easing up on some of the cre…

Don’t take the bait!

Bait pricing hurts both sellers and buyers, and despite recent legislation changes aimed at preventing the practice, it is still rampant.  Just as AFL coaches find ways to manipulate rule changes for their own benefit, real estate agents find ways around the new legislation to still engage in bait pricing to avoid confronting the truth with their clients. The Monash Business School defines bait pricing as: Advertising an item at an unrealistically low price as ‘bait’ to lure customers to a store or selling place. Peter O’Malley, in his popular new book, Inside Real Estate, states that “when the market is strong, bait pricing by real estate agents is rampant.  For a buyer, seeing a property promoted for $1.2 million or more but sell for over $1.5 million can be confusing.  Is the market really that strong or are you being misled?  That’s the question many unsuccessful buyers ask themselves as they leave auctions defeated again and again.  Either way, it’s tough.  To spend money on che…


What is the Smart Sale? How can it benefit you?THE SMART SALE STRATEGY USES THE PRIVATE TREATY METHOD OF SALE, WITH SOME SUBTLE VARIATIONS AIMED AT OBTAINING THE HIGHEST PRICE. If true genius lies in the ability to take something complicated and make it simple, then the reverse must hold true. Most common real estate methods take a straightforward process and make it dangerous, complicated and risky, for both buyer and seller. The aim of any sale for the seller and their agent is to maximise the final sale price, with minimal risk for the seller and within the agreed time frame. The aim for the buyer? Find the right property at the right price without having to navigate the deception of false pricing and spending money for no result. For both the property seller and buyer, simplicity leads to good outcomes, and simplicity is the hallmark of The Smart Sale. Most properties sold in Australia would benefit from this most transparent strategy. During a private treaty sale, the property has …


When asked to price a property, a real estate agent has the opportunity to impress the owner and obtain a listing. Listings are the lifeblood of any real estate career.
The two most common lies in the real estate industry involve the estimate price quoted to potential sellers.
One is the lie real estate agents are most known and disliked for – the intentional over-inflation of a homeowner’s potential selling price. The second and subtler of the two lies is one of omission. Both have the capacity to hurt a property seller financially and emotionally.
Why is an agent prone to using the two lies?
For an untrained agent, one who lacks high-level marketing and negotiation skills, the only way to impress and subsequently obtain the listing is to promise the most inflated price they can get away with. Quite simply, they inflate or omit the truth to get business.
As property owners, we want to believe. That’s why the two lies are so powerful. It allows people to plan their future and move on with …


By Lisa Hayden “You can’t sell a secret you know.” This is a line given by thousands of agents to thousands of home-sellers in order to persuade sellers to splash out more and more money advertising their homes. The theory goes like that the more places you advertise your home, the more buyers you reach.

Of course, anyone who knows anything about basic marketing knows that such reasoning is nonsense because most buyers look in several places during their search for a home.

The main purpose of real estate advertising (and all agents know this because it’s one of the first things they are taught in ‘agent kindergarten’) is to increase the profile of the real estate agent – and, in these days of the “celebrity salesperson” to increase the profile of the salesperson.

Agents who tell sellers that advertising their homes at huge expense is necessary are either incompetent or dishonest. Most (probably about 90 percent) of the money spent by sellers advertising their homes is totally wasted.…

Five reasons why using a good agent is a smart decision versus selling yourself

Selling your home is one of the biggest financial decisions you’ll make, so it’s important to do it correctly. While it can be tempting to sell your house without an agent, saving yourself the fees, it’s important to recognise the advantages you have if you choose a good agent instead.


Selling a home can be a lengthy process.  It can take many arduous hours to sell a home – free time an average person doesn’t have. Can you afford to take time off work to show prospective buyers through your home? Can you answer your phone whenever it rings to answer questions? If not, good buyers will be lost.


Selling your home comes with its own set of protocols and guidelines which as a seller you are required by law to follow. This quickly becomes a complicated process, particularly if you’ve never sold a house before. While you can use a solicitor’s services to assist with contracts and paperwork, other complications may occur during the sales process that will result in a headache. If…

How to interview agents

Always interview at least two agents. (The only exception is if one agent is highly recommended by people whose opinion you respect).

If you do not like either agent, call a third. Keep going until you find the best agent. If you have to interview a dozen agents, do so. Do not underestimate the importance of choosing the best agent. And do not do what many sellers do – select the agent you dislike the least. Good agents exist. When you know what to look for, you will find one.

When you meet agents, look at their personal presentation. Do they appeal to you? Do they seem like nice people? Listen to your instincts. Show each agent around your home. Watch their level of interest by seeing if they ask questions or make notes.

After agents have seen your home, make them feel comfortable and then ask the question: “What will you do to get the best price for my home?”

Some agents will say, “How much do you want? or What figure did you have in mind?” Do not answer these questions. Not yet. Yo…