The Appeal of Buying an Existing House
Most people looking to purchase a new property, whether they’re first homeowners, investors, or families moving into an area, have a choice to make. They can either build a brand-new home or purchase an existing one. Both options have always had their pros and cons, but in recent months, since about halfway through the pandemic,…Read More→
Sold… Before Auction!
We love a successful real estate auction at The Henry Wong Team®. But do you know what we love even more? Being able to sell a home before auction. That means we’ve been able to help our sellers get the price they wanted, and enter the next chapter in their lives, sooner than they anticipated….Read More→
How to Maintain Auction Success
If you’re keeping an eye on Brisbane’s real estate space (as most homeowners do!) you’ll know that auction clearance rates across the city are down. What rate is that, you ask? Well according to Domain: “Auction clearance rate is the percentage of properties sold at auction on a particular week or month.” Basically if clearance…Read More→
Is the New Queensland Property Tax a Cash Grab?
The Queensland state government has introduced a sudden shock increase on taxes for property investors. It’s come under immediate criticism from real estate institutions and from economists, many who are calling it a cash grab to try help the government achieve budget surpluses. Today we’re going to look at exactly what the tax is, what…Read More→
How to Sell a Block of Units, Fast!
We love a challenge at The Henry Wong Team®. When our vendors presented us with a block of four units to sell in Camp Hill, we knew it would be a tricky undertaking. Never once did we think it couldn’t be done, no matter what the market is doing. Let’s take a look at how…Read More→
310 Ham Road Makes the Courier Mail… Twice!
310 Ham Road in Wishart was sold by The Henry Wong Team® prior to auction back in April/May. It’s a magnificent property, the rarest of suburban opportunities with over 3000-square-metres of near-flat land on offer in one of Brisbane’s favourite school catchment zones. It was always going to attract a lot of attention, but no one…Read More→
Henry Wong on the REB Podcast
Real Estate Business (REB) are a nationally recognised and renowned organisation providing real estate market intelligence, news and information to real estate professionals around the country. With large online followings, they’re a respected voice in the space, bringing credibility and valuable insights into market trends and happenings. The REB podcast has been going from strength…Read More→
A Successful Holland Park West Auction
When an auction gets passed in, it means the top bid on the day hasn’t met the reserve price set by the vendor of the home. When a real estate market is beginning to soften, more properties get passed in. Clearance rates go down, meaning less properties are successfully sold at auction. We are seeing…Read More→
Why Does Henry Wong Live in Calamvale?
Having grown up in Wishart and worked here as a real estate agent for many years, Henry Wong is a Wishart man through and through. Today, he lives just nearby in Calamvale. The Courier Mail caught up with him to get the lowdown on why him and Jessie have chosen Calamvale as their home. The…Read More→
We Love Smashing Reserve Prices
Fact: six out of the last seven real estate auctions in Wishart were passed in. This means the reserve price wasn’t met, the vendor wasn’t satisfied with the top bid and the house didn’t sell. It’s a sign of a market emerging from the heady peak of FOMO that was inspired by returning residents and…Read More→
Decline in New Construction Approvals
Australia has been in the thick of a two-year long property boom, spurred on by pandemic-fleeing returning residents, record low interest rates and a strong sense of FOMO (fear of missing out) amongst buyers. In a healthy economy, that rate of growth was always going to slow down at some point. In recent months it…Read More→
RBA Increases the Cash Rate by 50 Basis Points
On the first Tuesday of every month the RBA board meets and decides what needs to happen to the cash rate. As has been widely predicted, when they met this last Tuesday (July) the decision was to raise the cash rate by another 50 basis points. This matches the .5% rate rise last month, preceded…Read More→
