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Real Estate Market Wrap.

Let's have a look at the facts:  

• There are 8.5 million properties in Australia are investment properties, housing around one-third of the population
• Nearly 50% own just one property 
• The profile of a typical investor is someone earning less than $100K a year; it’s the school teachers, firemen, plumbers, nurses
• If the Government mucks around with negative gearing, those 8.5 million investment properties will be affected.
• We’ve got to look at Underquoting Laws. Ironically, it's the fair agents that quote the right figures that aren't getting buyers coming to the property. And agents who underquote get 8-10 people to an OFI and end up getting the property sold. 
• We have an oversupply of listings across Australia and it’s the killer to capital growth.

My Clearance Rate: 12/16 Properties SOLD