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The Australian auction clearance rate is crumbling! 

The Australian auction clearance rate is crumbling! 

July 5th, 2022 / gauranga magriplis

So, what is an auction clearance rate and why does it matter? The auction clearance rate is a metric that gives the percentage of total listing in a given area that sold under auction. So, if the auction clearance rate is 50% for a given month. This means that half of the homes that were

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Why Australia’s Construction Industry is in Trouble

Why Australia’s Construction Industry is in Trouble

June 28th, 2022 / gauranga magriplis

With the recent trends in construction companies shutting down and others looking to leave Australia, it seems that the construction industry is in trouble. As construction companies start to sell off their assets and go into liquidation, this will affect housing prices around the country.     The state of Australia’s construction industry There’s no doubt

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Brisbane City Council steps in to try make finding a rental easier

Brisbane City Council steps in to try make finding a rental easier

June 21st, 2022 / gauranga magriplis

Brisbane City Council takes aim at Airbnb to ease rental crisis Brisbane City Council is taking aim at Airbnb and other short-term accommodation providers in the hope that this will ease the city’s rental crisis. The main issue in Brisbane right now is that supply has not grown as quickly as demand. The city’s latest population

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Preparing and protecting your property from cold and wet weather

Preparing and protecting your property from cold and wet weather

June 14th, 2022 / gauranga magriplis

As the weather gets colder and unusually wet for Australia at this time of year, it’s important to take some time to prepare your property so that it can weather the winter months ahead. In this article, we’ll give you some tips on how to do just that – from clearing gutters and downspouts to

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Maintenance and Rentals – Changes and new rights for tenants

Maintenance and Rentals – Changes and new rights for tenants

June 7th, 2022 / gauranga magriplis

From October the 1st 2022, changes come into effect regarding maintenance on rental properties mainly pertaining to obligations of owners. The full changes will be included below, but for simplicity’s sake the main changes are summarised below.  The following all relate to new section 221 of the Residential Tenancies and Rooming Accommodation Act. A tenant,

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Grange Sets A Huge Price Record!

Grange Sets A Huge Price Record!

May 31st, 2022 / gauranga magriplis

Number 12 corner street has just set the price record for Grange. Selling for $4,650,000 the Brisbane property market is really showing no signs of a down turn. This record price was even achieved before an election. Which some critics say is the worst time to try and sell a house. This incredible home that

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Interest Rates and Australian Real Estate 

Interest Rates and Australian Real Estate 

May 24th, 2022 / gauranga magriplis

Have you ever wondered what the relationship is between interest rates and property prices? Are higher interest rates bad for property prices? The answer to that question is more complex than a simple yes or no! So, let’s cover a few basics and discuss some possible outcomes. What dictates the rate, and why do we change

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Housing Policy: Australian Federal Election 2022 

Housing Policy: Australian Federal Election 2022 

May 16th, 2022 / gauranga magriplis

There is currently a global trend, of inflation, sky high commodity prices, record real estate prices and stagnant wage growth. At home in Australia there is a growing fear that some of the younger generations will rent for life. They are treading water not getting ahead. As housing affordability asymptotes towards the unachievable, I find

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Renting With Pets; Changes to the law

Renting With Pets; Changes to the law

May 13th, 2022 / gauranga magriplis

Changes To QLD Legislation So what are these changes, when do they come into effect and what does it mean for tenants and landlords? The Queensland state government has amended two pieces of legislation pertaining to tenants and landlords;  The Residential Tenancies and Rooming Accommodation Act 2008 And  The Residential Tenancies and Rooming Accommodation Regulation

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Selling a property – The Different Methods and Strategies

Selling a property – The Different Methods and Strategies

May 12th, 2022 / gauranga magriplis

Methods of Selling a Property Let’s face it, for a lot of people selling a home is something they might only do a few times in a lifetime. Aside from the fact that it is unfamiliar territory for most people there are some important questions you need to ask yourself before you sell. The first

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