Competition for Rentals Remains High
We’ve just been through the biggest rent rise in 14 years in Australia, and the competition for rental properties shows no signs of abating. In fact, in Brisbane rental properties listed on realestate.com.au have hit a record low of 15 days of being on the site before being rented out. It’s a similar situation in…Read More→
A Successful Capalaba Auction
The Henry Wong Team® auction strategy comes good again! We’re continuing with our 100% auction clearance rate after the successful sale of 12 Chatsworth Circuit in Capalaba. This is a stunning lowset home in a sought-after area, already rented out for $600 per week. Sitting on a corner block of 802-square-metres, it was always…Read More→
12 Altitude Street Makes the Courier Mail
The Henry Wong Team® is currently undertaking an intensive marketing campaign for 12 Altitude Street in Rochedale before it goes to auction on Saturday the 3rd of September. It’s a double-storey beauty on a massive 788-square-metre block in Arise Estates, and because of its size and immaculate design and build it’s been drumming up a…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→
The Astronomical Rise in Rent in Australia
It’s been a tough time for tenants lately, particularly in our capital cities like Brisbane. Rent has gone through the roof and rental properties are harder and harder to come by. We’ve endured the biggest rent rise in 14 years in Australia, and unfortunately it’s the tenants who bear the brunt of it. Let’s look…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→
FRCGW and the ATO Clearance Certificate
If you’re selling a home for more than $750,000, you need to be up to speed on the applicable ATO Clearance Certificate laws. Given that the median dwelling value in Brisbane is currently hovering around the $770,000 mark, this represents a large portion of real estate sales in our city. Today we’re going to give…Read More→
Australians are Wealthier than Ever
But it’s time to cut back on spending. A housing boom across Australia over the last couple of years has had buyers scrambling to hop onto the real estate ladder, and homeowners happily watching their properties increase in value. The massive increase in house prices has seen the average value of Australian household wealth dramatically…Read More→
