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The Absurdity of Vendor Advocacy
The Absurdity of Vendor Advocacy
The idea that one real estate agent would oversee another real estate agent in the sale of a property seems absurd. Yet it happens: it’s called vendor advocacy. Vendor advocacy is a service whereby a real estate agent who calls himself a vendor’s advocate will appoint another real estate agent to sell a property. The vendor’s advocate will then oversee the real estate agent ensuring he performs his duties properly. This relatively new phenomenon preys on uninformed vendors. The vendor’s advocate has essentially convinced the vendor that he is the good guy and the real estate agent is t...
Starting out as a property investor ?  Seven things to keep in mind..
Starting out as a property investor ? Seven things to keep in mind..
There are many reasons to own on investment property, wealth creation, an asset for retirement, regardless, there are a number of factors that need to be considered.   Long term planning:-  be very clear about what you want to achieve and within what timeframes.  More often than not buying an investment property is a long term strategy.   Budget :- Understand how much you will need to spend on your property, how much you will need to borrow and what will be the associated costs to hold the property. Also consider other costs such as renovating the property, Insurance,  Property  Rate...
Arrears fall, rate rises unlikely to affect credit quality: Fitch
Arrears fall, rate rises unlikely to affect credit quality: Fitch
Home loan delinquencies have declined, repayment rates have risen and the annualised loss rate has remained stable, with credit quality unlikely to be affected by rising interest rates, Fitch Ratings has reported. According to Fitch Rating’s latest Dinkum RMBS Index, mortgage arrears dropped by 5 basis points to 1.09 per cent in the second quarter of 2018 (2Q18). Despite the drop, Fitch noted that it expects arrears to remain above 0.8 of a percentage point, “despite Australia’s benign economic environment, due to non-economic factors, such as divorce, illness and extraordinary expenses...
Reverse mortgage risks not being explained to seniors: ASIC
Reverse mortgage risks not being explained to seniors: ASIC
  Reverse mortgages can help seniors improve quality of life after retirement, but there are also long-term risks that lenders are failing to explain to retirees, the corporate regulator has warned. A review of the $2.5 billion reverse mortgage market by the Australian Securities and Investments Commission (ASIC) has found a number of benefits of this type of loan, such as seniors having the ability to live a more comfortable retirement, but oftentimes lenders are not conducting proper investigations into the long-term financial health of prospective borrowers, who could be affected by ri...
What can and can’t affect your credit score?
What can and can’t affect your credit score?
Making sure you have a good credit score so you can borrow is vital for any investor, but do you know what can and what can’t change it? A new study takes a look at some of the biggest misconceptions when it comes to understanding your credit score. The study, performed by comparison website, revealed that 37 per cent out of a survey of 2,033 respondents believed not paying tax on time will negatively affect their credit score. This is a belief that Bessie Hassan, money expert , said is incorrect. “Lenders look at indicators such as loan repayments and credit card repayments, not if you’...
Australia’s population of 25m highlights need for affordable housing
Australia’s population of 25m highlights need for affordable housing
With Australia’s population reaching the 25 million mark on Tuesday evening 7th August, the Housing Industry Association (HIA) has commented on the fact that with our rapid population growth, we need the property to match. As of approximately 11pm on Tuesday night 7th August, Australia’s population surpassed 25 million, which has happened sooner than expected, according to HIA’s deputy managing director Graham Wolfe. “It is more important than ever that housing supply is kept strong to ensure affordable housing for future generations,” Mr Wolfe said. “In 2002, the first Intergenera...
More households will be paying off mortgages at retirement
More households will be paying off mortgages at retirement
More households will be paying off mortgages at retirement: BIS Households will increasingly still have a mortgage once the occupants reach retirement age, a new report has predicted, which could lead to an uptick in downsizing. The findings come from a new BIS Oxford Economics (BIS) report titled Emerging Trends in Residential Market Demand, which outlines how changes to the age profile of the population over the next decade will likely result in a shift in the type of demand for dwellings. The report examines trends revealed by a detailed analysis of census data from the past 25 years and p...
Rail forum attracts hundreds – Press release 11th August 2018
Rail forum attracts hundreds – Press release 11th August 2018
Press release 11th August 2018 Rail forum attracts hundreds Local representatives from all three levels of government vowed to do all they can to make sure the Rowville Heavy rail becomes a reality, with 260 attendees at Friday’s  Rowville Rail Forum requesting that the project be delivered by 2027. “We heard our State local member, Kim wells, promising to set aside a reservation for the Rowville Rail in the state planning scheme within 100 days of the state coalition being elected to office. While Alan Tudge, federal member for Aston, reiterated that $475million was already in the federa...
Why bank loans are so high despite the cash rate being so low ?
Why bank loans are so high despite the cash rate being so low ?
The RBA cash rate and its effect on bank rates for deposit and loan products is not an arbitrary fixture and almost never joined at the hip to the RBA cash rate. Having said that, the relationship between banks and government is much cosier — so, any complaints made by politicians when banks deviate from its pronouncements are purely theatrical. The reality is that the price of bank loans and the interest on deposits are determined by an array of factors. As the commercial banks in Australia are privately owned, they are free to set the price of interest they pay on deposits and charge on l...
Awarded for excellence in Customer Service
Awarded for excellence in Customer Service
For the 14th year in a row,and the 16th year in a row for the Rowville Office, every eligible Barry Plant office has been awarded “Highly Recommended” for Excellence in Customer Service in the 2018 Australian Achiever Awards.   Now in their 20th year, the Australian Achiever Awards are independent and unbiased awards, based on assessment ratings from companies’ own clients. The awards provide an objective indication of a well‐run, healthy business that is worthy of patronage.   The award system focuses on seven criteria, namely: Time Related Service, Addressing Client Needs, ...
Housing price growth ‘unlikely to be replicated’ soon
Housing price growth ‘unlikely to be replicated’ soon
The rapid growth in dwelling values over the past decade is unlikely to be replicated in the near future given current housing market conditions, according to a property research analyst. According to CoreLogic’s latest Property Pulse report, Australian home values increased by a total of 43.9 per cent since June 2008, with combined capital city price growth of 52.6 per cent, and 16.6 per cent growth across the country’s regional markets. However, CoreLogic research analyst Cameron Kusher has said that the current downturn in housing market conditions would prevent the trend from replicati...
APRA says its actions haven’t impacted the supply of mortgages
APRA says its actions haven’t impacted the supply of mortgages
The prudential regulator claims that its actions are “only one factor” impacting the supply of home loans and that credit growth has actually increased since the introduction of macroprudential measures. Speaking at the Australian Business Economists lunch in Sydney on Wednesday, APRA chairman Wayne Byres addressed the impact of regulatory activity on the flow of home lending. “It is difficult to tell,” Mr Byres said. “Because while APRA’s actions primarily influence the supply of credit, we are only one factor that influences the supply of credit. There are also a range of factors...
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Deb Hodson Sales Consultant - Agents Representative Rowville
3/34 Park Crescent Boronia
Latest listings (sale)
3 1 1 2
3/34 Park Crescent
Boronia
For SALE
$495,000-$540,000  
42 Erie Avenue Rowville
Latest listings (sale)
5 2 2 3
42 Erie Avenue
Rowville
For SALE
SALE  
4 Constable Court Scoresby
Latest listings (sale)
5 3 2 1 3
4 Constable Court
Scoresby
SALE BY AUCTION
$950,000-$1,045,000  
288 Glenfern Road Upwey
Latest listings (sale)
288 Glenfern Road
Upwey
For SALE
$550,000-$600,000  
1 Florida Drive Ferntree Gully
Latest listings (sale)
1 Florida Drive
Ferntree Gully
For SALE
$650,000-$700,000  
290 Glenfern Road Upwey
Latest listings (sale)
3 2 2 2
290 Glenfern Road
Upwey
For SALE
$790,000-$860,000  
12A Oaks Court Lysterfield South
Latest listings (sale)
4 3 2 1 3
12A Oaks Court
Lysterfield South
SALE BY SET DATE®
Contact Agent  
24 Reservoir Crescent Rowville
Latest listings (sale)
24 Reservoir Crescent
Rowville
For SALE
Contact Agent  
49 Edina Road Ferntree Gully
Latest listings (sale)
4 2 1 2
49 Edina Road
Ferntree Gully
SALE BY SET DATE®
$780,000-$855,000  
35 Sovereign Manors Crescent Rowville
Latest listings (sale)
3 2 2 1 3
35 Sovereign Manors Crescent
Rowville
SALE BY SET DATE®
$750,000-$800,000  
News update
The Absurdity of Vendor Advocacy
The idea that one real estate agent would oversee another real estate agent in the sale of a propert...
News update
Starting out as a property investor ? Seven things to keep in mind..
There are many reasons to own on investment property, wealth creation, an asset for retirement, rega...
47 Balladonia Road Rowville
Latest listings (rent)
3 2 2 1
47 Balladonia Road
Rowville
LEASE (Available )
$410 per week  
10 Lonsdale Avenue Rowville
Latest listings (rent)
3 2 2
10 Lonsdale Avenue
Rowville
LEASE (Available )
 
25/29 Stamford Crescent Rowville
Latest listings (rent)
3 2 2 2
25/29 Stamford Crescent
Rowville
LEASE (Available )
$440 per week  
1/4 Bristol Place Rowville
Latest listings (rent)
3 1 1 1
1/4 Bristol Place
Rowville
LEASE (Available )
$355.00 per week  
2/13 Bowen Street Ferntree Gully
Latest listings (rent)
3 1 2
2/13 Bowen Street
Ferntree Gully
LEASE (Available )
 
10 Wesley Close Skye
Latest listings (rent)
3 2 2
10 Wesley Close
Skye
LEASE (Available )
$400  
2/14 Yvette Drive Rowville
Latest listings (rent)
3 2 1
2/14 Yvette Drive
Rowville
LEASE (Available )
$460 per week  
14 Prior Court Rowville
Latest listings (rent)
5 2 2 2
14 Prior Court
Rowville
LEASE (Available )
$535 per week  
1B Karo Court Doveton
Latest listings (rent)
2 1 1 2
1B Karo Court
Doveton
LEASE (Available )
$380 per week  
4 Karoo Road Rowville
Latest listings (rent)
3 2 2 2
4 Karoo Road
Rowville
LEASE (Available )
$495 per week  
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