Episode 174 | Price guides: Fair estimates or misleading? | Robert Clarke, Belle Property

The disparity of price guides and property results, what do you believe?

Property prices are skyrocketing across the nation. With desirable suburbs in capital cities bearing the brunt of the current competition, medium to high-income buyers are forced out of their no. 1 suburb flowing onto alternative areas that aren’t ready for their price perception. The influx of the new buyers into unfamiliar areas, wear glasses with out-of-suburb lens’s, warping their idea of what’s worth what and causing unexpected price results as they compete against themself and competitive buyers.

This new money has caused prices to soar in areas and property that would otherwise tell a different story if sold last year. The faucet is on, and as buyers flood the basin, the question lies, where will the water drain?

In this episode, we are joined by Robert Clarke, the selling principal of Belle Property Annandale. We question the current state of property price expectations and their relation to a real estate agents marketing of price guides. We also myth bust unfounded property tactics that have lost buyers: time, cash and the property. 

RELEVANT EPISODES:
Suburb Trends April 2021 | Highest median growth suburbs!
Episode 171 | Pain & Gain Q4 2020: Who suffered and who triumphed? | Eliza Owen
Episode 167 | Infrastructure & property prices | David Tucker

GUEST LINKS:
https://www.belleproperty.com/annandale/robert-clarke/

HOST LINKS:
Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au
Work with Chris: wealthful.com.au/contactus

Send in your questions to: questions@theelephantintheroom.com.au

EPISODE TRANSCRIPT:
Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…
This episode was recorded in April 2021.