You’re being hustled!

Well, maybe not you reading this email, because hopefully I’m helping you in your real estate journey.
I was sent a copy of a letter today from a good client that was mailed to them and I’m sure many more.  My sellers were a little concerned for the scare tactics used in this letter.  How it’s trying to convince people to sell.

I showed it to someone in my office, we actually said the market was better than it was towards the end of last year with seeing more enquiries and many more offers on properties.  We didn’t think a letter like this would work to convince too many people to sell, but you just never know.  

Does this letter of “dire consequence” make you want to sell?

I watched a video today explaining the property growth over the last decades in capital cities.  They had a really cool graph showing the cross-over through the decades.  I’ve taken a rough screenshot because I haven’t been able to find it anywhere else.  As we know, past performance usually predicts future performance, but as we can see, the case of past performance may do the opposite each decade.  It’s not 100% written in stone, but with the Olympics on the move to Brisbane at the end of this decade requiring the infrastructure and the current migration to Queensland suggests it should be true for Brisbane.  

Brisbane is a city seeing a bit of a rental shortage, and with the current build costs and less new build approvals, I wouldn’t expect the rental market to get any better and with rentals increasing around 10% across the country this summer and still rentals are getting tenants filling them quite quickly.  We are seeing a few landlords trying for a bit more weekly rent than they should be at the moment, so they’re getting less interest, but still enquiries and inspections.

If you’re looking at buying, and paying rent somewhere, I’d be definitely looking at securing a property and quit paying someone else’s mortgage.

Whilst many are still tipping one more rate rise in April as inflation is still above where the RBA wants it, I expect we’ll likely see pause in April before we see the inflation data catch up from the last 10 rate rises.  I know many people are feeling the pinch on their mortgages, but with rents and mortgages equalling out, as interest rates drop rents and mortgages will become more similar, so short term pain for longer term gain and capital growth is my thoughts.

If you want to have a chat about your property, get in touch today.

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