INSIGHTS
The NEWS is OUT
Hello and happy Sunday, hope you've been enjoying the wonderful weather this weekend and soaking it up.. There's been alot happening in the world of interest rates and us as a company, so let's get stuck right into it then, as we've got a few FEY things to unpack this week, so we hope you enjoy our short video below covering..
'The NEWS is OUT...' C+M is the new name.. We've always been told that Claudio & Marwan were hard to pronouce.. So guess what, we finally listened... C+M Residential is the new name, still 'Helping People Find a Place to Call Home' is the game..
The latest Interest Rate hike and what's ahead.. Well of course as we expected the RBA made the move we all knew they would, and we cover how this is affecting buyer behaviour..
How should you sell your home.. With the above, we take a more detailed deep dive into why selling by 'Exressions of Interest' vs 'Auction' could work to your advantage..
Is AUCTION the BEST WAY toSELL in 2023.?
Hooweee, howdy and happiest of Sunday's, I tell you why we're a little EXTRA excited this week..? Well yes KIDS are back at school.. As much as we love them to bits, after almost 2 months together it's time.. So wishing all those little squirts that have started back this past week ALL the very best for another exciting school year ahead..
So over recent months, during this rate rising cycle, it has been very interesting to see how consumer behaviour has started to shift, adapt and change.. I've always been the strongest believer that AUCTION really is the one and only best method of sale for most homes and sellers. I mean the sale is unconditional, there is strict control of the terms and settlement preferences, once it's SOLD on the day of auction, there no worries for the owner they can go shopping for their next home the very next day.. However after 8 successive Interest Rate Rises in a row, we have noticed an emerging trend, that unless we are selling an upgraders, or upsizers style of home, to the type of educated and experienced buyer that has done it 2, 3 or even 4+ times before. Buyers, especially 1st home buyers have been very hesitant to get involved, often sitting back on the sidelines and not engaging.. So what's the solution..?
Will Low Listings Persist in 2023.?
Hello and happy Australia Day weekend, with the final opportunity to relax in true Australian spirit before 2023 really kicks into gear, kids returning to school and most of the nation getting back into their full worklife rythym. We would like to send C+M's warmest Australia Day wishes and hope you pop a snag or prawn on the barbie to celebrate friends..
Today we take a closer look at an emerging trend of unusually LOWER levels of listing supply and volume of sales numbers, that being LESS homes for sale and fewer homes SOLD.. So far the flow of listings over the past 4 weeks was -25.9% BELOW the previous 5 year average and -20.3% lower than the same period a year ago. This shortage of listings follows less confidence from sellers to come to market, with the total number of home SOLD estimated to be -27.3% lower than the same time in 2021 and -6.6% below the 5 year average. This ONE factor alone so far has seen January yield unusually HIGHER buyer activity through property open homes, given buyers currently have less options to choose from.
After A Wild Year, What's AHEAD
Heydiho, here's hoping your start to 2023 will be a prosperous one ahead in health, happiness and life.. After a pretty WILD 2022, we take a look at few different angles and expert opinions on what's on for the year ahead..
After one of the faster rate rising cycles ever seen in Australia's history, leading economic experts expect this to slow in 2023, with a predicted 2-3 further rate rises up until July/August. Then a pause, ahead of potential rate cuts, pending the overall economic outlook as we head into 2024.
Your 2023 Market Forecast
Hello and HAPPIEST of new years to you, here's wishing you a most PROSPEROUS 2023 ahead in health, happiness and life..
Well I won't deny, it certainly feels great to have cast off the shackles of 2022 and move into 2023 with a fresh and recharged battery and positive new years energy.. And let me tell you it seems from our 1st week of viewings that it seems to be the same case amongst buyers, with some very strong numbers and buyer attendences at last Saturday's viewings.. We saw the smallest numbers at 3 groups and the strongest attendance numbering 23 groups..
Ho Ho Ho
Happiest of Xmas Sunday's.
From all of us here at C+M Residential, we wish you all the very best during the festive season and the coming year ahead. This year at C+M we have replaced our hardcopy Christmas Card with a digital version and in lieu have donated $4,000 to the Movember foundation :)
We sincerely thank all our lovely home sellers, buyers, valued landlords, and tenants, for the continued opportunity to work together with us at C+M Residential. We appreciate the support, the laughs, the lessons, and everything in between. To all our 1st home buyers, upsizers, downsizers, property developers, conveyancers & solicitors, maintenance teams, cleaners, stylists, photographers, printing companies, graphic designers, droppers, buyer s advocates, and brokers, plus too many more to mention here, a BIG THANK YOU for helping our world go around.
Time To Say Goodbye
Happiest of Sunday's, yes it's that time of year again, where it is almost time to say Goodbye..
What an incredible year 2022 has been, from getting off ZOOM and back to face to face appt's, opens and auctions and many learnings in between.. Here's a short video to say 'Thanks for all your Support this year'..
The C+M office will be signing off on 2022 this coming Thursday the 22nd of December.
Our rentals team return on Thursday the 5th of January
Our sale team will be LAUNCHING some early homes between this period, with our 1st opens on Saturday the 7th January
With the sales office officially re-opening on Monday the 9th of January
Merry Xmas from the RBA
happy December to you and your important one's, we hope you are enjoying that end of year energy and good vibes that tend to flow around this time..
Well there's around 2 full working weeks remaining until the Festive Season is upon us, and what a Merry Old Xmas the Reserve Bank of Australia delivered us this week. YES you guessed it, another 0.25% Interest Rate Hike, making that the 8th consecutive rate rise this year..
It wasn't all DOOM and GLOOM though, with some of the KEY inflation index targets starting to see the effect of what the RBA are actually trying to achieve via lifting interest rates, which is their main goal to kerb and lower inflation from it's recent HIGH peak of 7.75% to the RBA's more normal target of 3.5%, in the past 30 days we've seen the inflation index soften to 6.9%. The data finally showing signals of things heading in the right direction..
Last CALLS for Santa Letter
Wowee, we hope you have enjoyed the SUMMER weather Melbourne have turned on this week, finally thank you weather gods..
We are sending a SHOUT OUT to Santa this week, who's reached out to say that submissions to register for your kids or those young at heart to receive a personalized LETTER from SANTA are closing this Monday 5th of December 2022 @ 5pm!! The looks on the kids faces when they have received it in the past is priceless and you know our vibe at C+M Residential is all about spreading some extra joy and happiness at this time of year, with a few sprinkles of ORANGE of course..
Putting The Market in Perspective
Today we're sharing a VERY COOL tool from REA with you, that helps really put the market in perspective over the past 2.5 years since Pre-Covid.. As with ALL the doom and gloom of Interest Rates and Media prices softening anywhere from -5%-15% depending on your price point and location in Victoria, when you take a bigger picture perspective of the Net Growth (factoring recent loses since the start of 2022), you may actually be quite SUPRISED at how much your home or asset value has still increased overall.. I mean financial advisors don't look at a share portfolio and say it's dropped -7.6% in the past 3 months, yet forget that it may have grown +126% overall since you bought into it 8 years ago and consider it a bad investment..
SANTA LETTER Time
Heydiho, hope is all well with you and you had a chance to enjoy at least one day of Melbourne sunshine on Friday..
This year, we're getting in early, a little like Hot Cross buns in January STYLE.. And sending out our EXCLUSIVE INVITATIONS to secure you're very own 'Personalized Letter from SANTA'. This is a completely FREE community project we RUN each year to put a SMILE on all those kids faces or those young at heart..
5 Saturdays LEFT!
Hello and HAPPY SUNDAY, we hope you're well and getting SET for the FINAL RUN of the year into the festive season, the Xmas decorations are starting early this year as everyone get's SET to enjoy some time with family and friends..
Before that HAPPENS however, there are LITERALLY 5 weeks and AUCTION Saturday's LEFT to get your house plans SORTED before we ring in the new year and a fresh start.. With SqM Research showing we are currently experiencing the tightest rental market in decades, NAB bank as of today, has changed their INVESTOR loans servicibility criteria, to factor in the SKYROCKETING rental yields and effectively this will give INVESTORS an additional +8% borrowing capacity on their loans..
With news around the country that INTEREST RATES are poised to peak in the 1st quarter of 2023, this could quite possibly be your LAST window of opportunity to get your FOOT into the real estate market while the getting is GOOD..
Markets Stabilising
Today we turn our ATTN to some of the first real statistacal and data driven signs that most of Australia's Capital City property markets are starting to stabilise, with some still showing small slow downs in softening and other area's starting to show signs of growth. This is the point being reached where buyers and sellers are finally arriving and meeting at the same place. We call this the first Green Shoots of an even/balanced market returning..
Nationally prices were only down -0.6% for the month of October (*data from PropTrack). Sydney, Hobart and Canberra all still showed marginal drops ranging from -0.21% to -0.46%. Whilst Melbourne, Darwin, Adelaide & Perth recorded the first slight increases of +0.02% to +0.11% respectively. Now this may not sound like much initially, remember however the Property Market is all about momentum and consumer confidence, with a CLEAR message from the 'Reserve Bank of Australia' of a slow down and smaller increment of rate rises ahead, it is clear sign that the LIGHT at the end of the TUNNEL is now in sight..
Exclusive VIP Invitation
Hello and happy Sunday, WOWEEEE! Do we have something truly special to share with you this weekend, besides all the usual GOODIES and market updates..
We are HOLDING an 'Exclusive VIP Invitation ONLY' viewing event for quite possibly the MOST unique and 'Landmark Local Residence' that has ever been seen in the area..
The 'EPITOME OF LUXURY'
Offering 101 squares of Palaitial Living, over 790m2 of LAND..
5 bedrooms, 4 bathrooms, POOL House, Games Room
All in undoubtebly the most exclusive Cul-De-Sac estate in the suburb
LAUNCH PARTY is HELD this coming Thursday 3rd of November @ 5:30pm ON-SITE
Yes, GET EXCITED and come see what your future may hold if you CHOOSE to upgrade to a new STANDARD of living.. We welcome you to...
388% In The Past 30 Years
Firstly let's start off with some simple REASONS that ALL BUYERS right NOW should be REJOICING.. Well firstly, in the PAST 30 years, on average, Melbourne & Sydney's property prices have increased a whopping 388% in that period alone.. We've come off the back of almost a 2 year window, where the majority of 1st and 2nd home buyers, even investors have struggled to enter an ultra heated property market, where it was simply a case of 'They who had the DEEPEST pockets, WON!"
Market Jitters EASING
Happy STOP raining in Melbourne Day. We hope you've stayed DRY in the past days of crazy Melbourne weather and weathered the STORM.. As it seems with property market, the clouds are parting and the market jitters easing with some renewed consumer confidence starting to emerge as the RESERVE BANK of AUSTRALIA slows down their Interest Rate lifting cylce..