I AM WARNING THE PRIME MINISTER 😡 Don’t touch negative gearing!
- 8.5 million properties in Australia are investment properties, housing around one-third of the population
- Nearly 50% of investors own just one property
- The profile of a typical investor is someone
If this barista ☕ starts saving up now, he's going to have enough deposit to buy a property when he's 63 years of age 🤦🏻
#housingcrisis
#affordablehousing
I’m STRESSED 😬 We had almost NO buyers.
Yet I still think vendors should sell now, here’s why…
Plus, John McGrath told me that 25 economists across Australia agree on this – the
#realestatemarket
will get worse before it gets better.
I am calling it. This is the height of the market. Too many vendors are getting greedy. If you are thinking of selling - do it now. You may have fewer buyers soon and far more competition. Prices are still holding up for now, and yes there is still some amazing results but...
Back in 1990, these were the
#interestrates
🫣 I sat at an open house for 12 weeks with zero inspections. By comparison, things are not too bad right now.
#flashbackfriday
#fbf
The RBA is WRONG❗Inflation hurts more than Interest Rates?🤦
Which would you rather? Comment below 👇🏻
A) Interest Rate Cut and Rising Inflation
B) Interest Rate Hike and Slow Inflation
#interestrates
#inflation
#RBA
It’s a beautiful day. PET scan results are in. No evidence of disease. Zero cancer. Sometimes you have to fight a battle more than once to beat it. 3 times in fact. God bless
#godbless
#cancerfree
#lifesgood
#tompanos
I said this 6 mths ago, and now it’s official 🗞️
The biggest problem buyers have right now is NOT property prices. The bank is not lending them the same amount of money they would have previously...
#interestrates
#realestatenews
#realestatemarket
Absolute rubbish in the Financial Review today 😡 These experts never get it right. Asleep at the wheel because their data lags by a few months. In many areas prices have already dropped. So they might drop a bit again. Love to hear your views on the
#realestatemarket
Real Estate Market Wrap 🗞️ The Boom is Over
Yes top end across Australia it’s still hot. BUT...
90% of the rest of the market is being impacted by the listings that are growing daily on the market
#propertymarket
#realestatemarket
WINNER of THE BLOCK 2023 🔥
SOLD for $5,000,000 to Adrian Portell for $1,650,000 over reserve 👏
Great work Aaron Hill + team for an incredible campaign
#theblock
#tompanosauctioneer
There is a lag between Pain and Interest Rate Rises 🥲
If I was a seller - I would pull the trigger now. It's crazy to think buyer demand will grow as much as seller supply in the near future...
#realestatemarket
#propertymarket
Yesterday was his birthday. I have a lot of best friends but my brother will remain the main one. I love my little brother. There is a place in my heart that is only for you
We're moving towards a buyers’ market
1) Vendors are vulnerable at the moment. The optimism has gone as rates may continue to rise.
2) This is great news for buyers
My Clearance Rate: 5/13 SOLD
#realestatemarket
#propertymarket
#interestrates
DON'T LET THE BANKS TAKE CONTROL 😡
The house I auctioned this week for a poor family that was repossessed.
Plan ahead and do everything you can to try and hold it, but if you can’t, sell it yourself!
#realestatemarket
#realestatetraining
#ThrowbackThursday
: I changed my thinking and it changed my life
1. Success is an inside job
2. Get comfortable being uncomfortable
3. No-one is coming to the rescue
4. Stop looking for happiness in the same place you lost it
5. Your best days are ahead of you!
#lifelessons
Real estate bosses are stuck 😶 Their top agents are building personal brands bigger than the office brand.
The office wants the personal identity to be stripped.
They don’t want to wake up one day and have their top performers walk away and sell against them.
Amazing success rate 🤩 Sold prices are nothing flash. Lots of buyers around - but not pulling the trigger. Doing their due diligence.
We are at the afternoon of this
#realestatemarket
correction which really began in Nov 2021.
The market correction is coming to an end...
Why I’m not impressed...
#marketwrap
12 Auctions Scheduled. 2 Sold Prior. Live auctions: 0 Sold. What’s the best strategy right now if you're a buyer / seller? 🤑
Auctioning more properties tomorrow. Stay tuned...
#realestatemarket
#auctions
RANT 🤬 There are now signs of distressed selling!
Interest rates have had their impact. Vendors have mortgage stress. The banks don’t want to talk about it.
My final Clearance Rate: 9/10 SOLD 🔥
#realestatemarket
#interestrates
#RBA
#propertymarket
Signs the Real Estate Market has started going up ☝️
If you were waiting for the bottom - you may have just missed it
My clearance rate today: 6/9 SOLD
#realestatemarket
#propertymarket
#auctioneer
I am now concerned about the Real Estate Market 😰 I wasn’t 2 weeks ago!
Property prices appear to have stopped going down. There appears to be a bit of buyer hesitation.
My clearance rate: 2/5 SOLD
#realestatenews
#realestatemarket
#propertyprices
Real Estate Market Wrap 🗞️ I just worked out why my
#auction
Clearance Rate is 9/12 😲
Why am I suddenly selling properties for $2m in
#Campsie
when they have previously been $1.5m?
What was it like in your market? Comment below 👇
#realestatemarket
#propertymarket
Real Estate Market Wrap 🗞️ I'm predicting there'll be 1-2 more Interest Rate Rises
And here is my best advice to buyers & sellers in this market. My Clearance Rate: 2/9 SOLD (1 sold prior)
#realestatemarketwrap
#realestatemarket
#propertymarket
It’s been shit for 6 months but I already survived cancer 3 times in my life. This is easy stuff after you've had chemo. Been trained well all these years.
Doctors are happy with everything.
Please watch this to get some perspective
#postcovid
#gratitude
Cancer 3 times. Survived it 3 times. Visiting my chemo ward every quarter reminds me to stay grounded. For God's sake! We are just selling houses but sometimes we act as if are curing cancer. Doctors are the real heroes 🦸
#gratitude
Bahahaahahah. Just got talking to someone who said they are a
#lifecoach
on work-life balance. Single with no kids. I simply said talking to you about life balance would be like talking to a personal trainer who weighs 150kgs. End of conversation.
#realitycheck
Yesterday was the birthday of my late young brother. Taken away from us far too soon. If you think photos aren’t important.... wait till they’re all you have left.
(George is wearing my pink top)
#RealEstateMarket
Insights:
1. Volumes are down significantly vs same time last year.
2. Vendors are resistant to listing their property.
3. Lack of supply is keeping values from falling significantly.
My brother George passed away a year ago. This Sunday is the 1-year service at All Saints Greek Orthodox Church Belmore at 10:30 am followed by coffee and refreshments at the hall. There is not a single day I don’t think of him.
That’s my late brother George (left) and me with Santa shorts on. I think my mum made me do Santa shots till I was 16. And she always bought me really short shorts. I love my brother. He is in heaven
Real Estate Market Wrap 🗞️
Why are vendors increasing their reserve?
My Clarance Rate: 7/16 SOLD (and 1 auction tomorrow)
What was it like in your market? Comment below 👇
#propertymarket
#realestatemarket
RANT 🤬 Australians have lost faith in the Government!
Strong bidding energy today. There is less stock on the market, but there are no signs that prices are softening.
My Clearance Rate: 10/14 SOLD 🔥
What was it like in your market? Comment below 👇
#realestatemarket
Real Estate Market Wrap 📈 Buyers are feeling the impact of the recent rate rise
My final Clearance Rate: 4/11 SOLD
What was it like in your market? Comment below 👇
#propertymarket
#realestatemarket
#realestatenews
I hate it when a young punk tries to compare their chapter 1 to a successful agent's chapter 10 🤦
Do the work.
Get in line.
Stay in line.
Be patient.
The results are coming...
#realestatetraining
#realestatecaoching
#tompanos
RANT🤬
@RBAInfo
can you explain to me the logic of how punishing 35% of the lowest socio-economic households will get the nation's
#inflation
down to under 3% ⁉️
You claim you will keep raising
#interestrates
as it’s your only tool🤦♂️
The Block 2022 Winners 🏆 Auction House 5: Oz & Omar
🤯 $1,568,999.66 over reserve 🤯
Watch how I used momentum bidding to help Oz & Omar win the grand finale and achieve a new record on
#TheBlock
history! 🔥
Real Estate Market Wrap 🗞️ The same properties are selling for lower compared to last year. Record number of appraisals this Winter.
My Clearance Rate: 4/5 SOLD
What was it like in your market? Comment below 👇
#realestatemarket
#propertymarket
Real Estate Market Wrap 🗞️ Vendors are delusional
If you're hoping that interest rates are coming down the same way they went up... You are making a risky bet!
And how to win any negotiation.
My Clearance Rate: 7/9 SOLD What was it like in your market? Comment below 👇
🚨 It's a FACT: 40% of people don't search past the first page of results
🚨 Over 70% are likely to skip properties with no price
🚨 Almost 70% say the agent is less trustworthy when no price is displayed
It's time to update your listings!
For all the training on how to get
Is this the solution to Australia's Housing Crisis? 🤔
1. Local Council to cut the red tape
2. Multiple dwellings on one block of land
3. Incentivise developers
4. Slow down migration
#housingcrisis
#affordablehousing
I’m calling it 📢 We are VERY close to the bottom of the
#realestatemarket
These are the 4 factors that will indicate how far we are from the bottom of the real estate market.
My Clearance rate: 8/9 SOLD
#propertymarket
#realestateforecast
Should vendors accept offers $30k short of their asking price? 🤔 What the smart vendors are doing right now. Buyers are being re-rated and prices will be working in your favour.
My clearance rate: 4/11
#SOLD
#sydneyrealestate
#realestatemarket
Real Estate Market Wrap: 💯 Clearance Rate today! 14/14 SOLD
Got me by surprise! The buyers were back today. But here's why I am not getting carried away...
What was it like in your market? Comment below 👇
#realestatemarket
#propertymarket
#tompanos
Forever grateful. When I was diagnosed in 2006 I had a 5% chance of survival. So I thought to myself, why not be 100% of that 5%
Every day since that moment has been a miracle 🌈☀️
#cancersurvivor
Real Estate Market Wrap 🗞️ We’re going to have a ripper Spring!
When there’s a lot of stock on the market - PRICING is critical 🤑
Here’s my best advice for agents, buyers and sellers...
#realestatemarket
#propertymarket
Let’s look at the TRUTH. These are
#RealAuctionResults
from Saturday 27 July taking into account 48 hours of activity post-auction. You will see rescheduled auctions included (generally when an agent thinks they won’t have a buyer so they lengthen campaign).