Resources

Video

Talking Property with Patrick Bright

Renowned buyer’s agent and author Patrick Bright recently joined Harris Partners’ Peter O’Malley to discuss the current property market.

Patrick has been a buyer’s agent for over 20 years and has witnessed many of the trends, tricks and traps that buyers and sellers experience in the property market.   In this discussion, we take a deep dive into the somewhat recent trend of transacting ‘off market’. We look at the pit falls & benefits for buyers and sellers in the process and the reasons why it has suddenly become so popular.   Patrick has bid and bought more real estate at public auctions than most in the housing market. In that time he has established strategies to deal with most sets of circumstances in the auction market. Vendors and buyers will find his insights invaluable.

Insights

In the blink of an eye, the housing market has gone from rising to falling. Buying in a falling market is often described as catching a falling knife. This is not always an apt description when it comes to falling property markets though. Unlike stocks and shares, you can gain a benefit from property beyond its short term price performance. Home is where the heart is and during the early stages of COVID-19, we have seen continued buyer demand and little to no panic selling.

Newsletters

Audio

Bank predicts 32% drop on house prices

Harris Partners' Peter O'Malley joined 2GB's Luke Grant regarding the Commonwealth’s Bank dire prediction of a 32% drop on house prices due – in part to higher unemployment, underemployment and pay cuts – should Australia have a prolonged economic downturn due to Covid-19.