Why a higher rent can actually mean less income
Discover why consistent tenancy delivers stronger returns. Learn how Jackson Rowe keeps vacancy low and your rental income steady across Sydney’s north.
The third stage of an Auction
The third stage of an auction moves slower. Bidders will think for longer between bids, and they look a little more pensive. We are down to the last 2 or 3 bidders now. Most of the other bidders have stopped bidding and the selling agents are talking to each bidder to make sure they know…Read More→
An auctioneer’s take on the market
Agents and Auctioneers see the market differently. Agents have a far more grassroots understanding of the market. The Agent sees the individuals that come to a particular property and, from the number and type of buyers interested, makes generalisations about how the market is doing. Strong demand for one property or another will often be…Read More→
How to give notice when you want to vacate.
The Residential Tenancies Act has a lot more rules about terminating a lease than it does about creating one. What is important is that if your notice is not in the correct form and served the correct way your lease will not be terminated. Your right to occupy the property will continue and so too…Read More→
The second stage of an auction is quick
If the first stage was slow with buyers testing out bids to see who responded, the second stage is quicker with bidders responding quickly. They still follow their bidding strategy but will up the bidding as they challenge the other bidders to see if they can knock the competition out. What might have started as…Read More→
Cockroaches
This is probably more information than you want to know about cockroaches. There are over 400 different species of cockroach in Australia but there are really only 5 which are considered pests. Big Black & Brown cockroaches By big I mean cockroaches that grow to 3 or 4 centimetres in length. There are a couple…Read More→
The first stage of an auction – ‘Slow’
An auction moves through 3 distinct stages and if an auction was a dance, it would be called the ‘Slow, Quick, Slow step’. The reason I bring this up is that as a seller or a buyer, it will help you immensely if you understand how to recognise these stages and what drives each one….Read More→
How much should the opening bid be?
I remember something I was taught by one of the best auction trainers I’ve meet. If bidders are allowed to choose an opening bid, they will typically start about 75% of the property’s market value. Over time, I understood why letting bidders start the auction where they feel comfortable makes a big difference to the…Read More→
What does Reasonably mean?
Most people would understand what I mean if I said someone can swim reasonably well. I’d be saying that the person was ok at swimming, but they weren’t a good swimmer or a great swimmer. Most people would assume if I meant they were an excellent swimmer, I would have said they were excellent. If…Read More→
How to set a reserve price for your Auction.
The law was written this way to protect sellers, so they don’t unintentionally sell their property for less than they really want. But how do you decide what price you set the reserve at?