Privatepoint is the for sale by owner ( FSBO ) and DIY real estate sales website for private real estate sale in Australia.
It appears that executive rental apartments (real estate greater than around $800 pw) are increasingly becoming vacant and are sitting on the market vacant for extended periods of time. This isn’t good for real estate investors who have often paid premium dollar for these exclusive apartments in sort after suburbs of major cities across Australia.
To highlight this problem, I was down at a local real estate office yesterday in Bondi and noticed that 70% of their rental apartments displayed in their shop window were leased. Out of the 30% left, around 3/4 of the apartments available were priced over $800 pw. So cheaper apartments are moving quickly but expensive apartments are not.
Why is this? Because most of the tenants of these exclusive apartments are executives and obviously the economy is affecting the companies they work for and the salaries they are receiving. Is this a sign of a recession looming?
05.11.08 // Posted in Financial & Legal, General // 6 Comments »
Tags: executive apartments, for sale by owner, no agents sale, private house sales, private property sale, private real estate sale, real estate by owner, recession, rental vacancies, sell privately
Privatepoint is the for sale by owner ( FSBO ) and DIY real estate sales website for private real estate sale in Australia.
A for sale by owner (FSBO) who is conducting a private real estate sale has many benefits from not using a real estate agent. However, there is one huge drawback from selling privately and that is a for sale by owner can’t get their property listed on www.realestate.com.au.
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Sell your property through Privatepoint the real estate for sale by owner ( FSBO ), DIY real estate selling and private property sales website.
Outlined below are the property auction results for this weekend according to Australian Property Monitors:
Total auctions: 455 (last week: 528)
Sold: 222 (last week: 256)
Withdrawn: 51 (last week: 26)
Clearance rate: 44% (last week: 46%)
Total Sales: $ 135,272,240 (last week: $ 122,435,350)
Median: $ 605,000 (last week: $ 537,250)
Privatepoint is a for sale by owner private real estate sale website allowing a property owner to sell privately and market their property to a large audience of potential property buyers. As a property owner you can enter your property details into the Privatepoint website and have your property listing appear on a number of popular private real estate sale websites.
Sell real estate privately through the no agents sale, for sale by owner ( FSBO ) private property sale website Privatepoint.
It is still possible for a real estate owner to perform a private real estate sale as a for sale by owner and engage the services of real estate agent. This is what is known as an agent assisted real estate sale and involves the for sale by owner and real estate agent sharing in the duties of a property sale.
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