Are you thinking of buying or selling a holiday investment home?


When I returned to Phillip Island about twelve months ago, I noticed homes for sale have been on the market for a long time. My aim in real estate was to be able to decrease the number of days on market. You will have noticed,  properties that have been on the market for quite some time have sold. This is good news for the seller or the home owner who is contemplating selling. Of course with e sun out, warmer days and summer approaching this entices people to consider purchasing a holiday home.

You may find below some interesting real estate statistics  – After years of doing it tough following the global financial crisis, holiday homes are starting to pick up again in value, according to property data firm CoreLogic RP Data. This is good news for sellers on Phillip Island.

Holiday homes are usually seen as a discretionary asset so in bad economic times prices slump.

“From 2008 all the way to 2013-14 most of these markets were tracking back in value, but now we’ve been seeing for at least the last year that demand is coming back,” CoreLogic head researcher Tim Lawless said.

A recovery in people’s personal wealth, healthier share portfolio’s and substantial rise in Melbourne and Sydney property prices were prompting purchasers to splash out on a beach home, he said.

Property within easy commuting distance from big cities was the prime target.

The latest housing sentiment survey by CoreLogic & TEG Rewards concluded that almost 70% of Australians  think now is a good time to be buying a dwelling,  despite dwelling values moving out of reach for many as the housing market broadly approaches four and half years of growth.

CoreLogic Head of Research Tim Lawless said, “Perceptions around selling a home have weakened over the past twelve months which is likely attributable to slower housing market conditions across many markets.

The CoreLogic-TEG Rewards housing market sentiment survey also explored views on which direction dwelling values and rental rates were likely to head over the next twelve months.  The majority of survey respondents are expecting dwelling values to remain steady over the next twelve months, with Tasmanians the most optimistic about the direction of value growth over the next twelve months.

Hope you have found this interesting information. I will continue with more information about selling your property in future Di’s Corner Chat. Information in this article has been sourced from Corelogic.

Please contact Dianne for your real estate needs.
Contact her on 5952 5480 or 0408 034 080
http://www.diannerayrealty.com.au

Author: Dianne Ray

I have almost thirty years in business management in the hospitality, tourism, hospitality, real estate and service industries and in education as a teacher in secondary schools and TAFE Colleges. I was born in the Western District in Victoria, my schooling was in Hamilton and Melbourne and my Tertiary Education was at Melbourne and Monash Universities. My family consists of 4 sons, 3 daughter in laws and 5 grandchildren. Over the last 9 years I made my home in Noosa, Queensland and since February 2011 have moved to Brighton, a suburb of Brisbane and contract to 2nd Avenue Realty as a licensed real estate agent. Selling residential property in the the Sandgate, Shorncliffe, Brighton, Deagon, Bracken Ridge and other areas. I also sell and market boutique accommodation properties, such as Bed & Breakfasts,Self contained Cottages around Australia on http://www.dianneray.com Over my life time I have travelled extensively throughout Australia and numerous times overseas. My interests are obviously travel, all aspects of sport especially golf, outdoor pursuits, fine dining, appreciation of wine and love meeting people. I gained my Bachelor of Education and taught secondary and TAFE students for a number of years and studied for my Masters in Business Administration. I have been self employed for the last 20 years comprising owning and operating an exclusive 4.5 star B&B; established an e-commerce business involving the hospitality and accommodation industry; in selling, marketing, training workshops, relief service and management. I changed my career path ten years ago and concentrated on real estate and business broking. I am a licensed real estate agent in Queensland. My involvement in real estate has been very satisfying and I enjoy the interaction with the buyers and sellers. In my role as a real estate agent, I am able to effectively fulfil the needs of clients and this is my passion, and to use my skills to obtain a win/win situation for everyone involved. I believe in the old traditional values of respect, integrity and genuineness and I am very passionate about helping people with their needs and I focus on listening to and genuinely helping my clients. I am a very honest, natural outgoing person who enjoys life to the fullest “My mission is to live with integrity and compassion and to make a positive difference in the lives of others”