Newspaper article Coffs Coast Advocate (Coffs Harbour, Australia)

Beware Real Estate Myths; What the Potential Home Buyer/seller Reads in the Press Is Not Necessarily Accurate

Newspaper article Coffs Coast Advocate (Coffs Harbour, Australia)

Beware Real Estate Myths; What the Potential Home Buyer/seller Reads in the Press Is Not Necessarily Accurate

Article excerpt

Byline: Melissa Martin Melissa.Martin@coffscoastadvocate.com.au

IT'S ALWAYS hard to know what to believe when it comes to real estate.

Everyone's an expert and you can quickly end up with information overload.

Property website realestate.com.au is keen to separate the facts from fallacy and dispel some of the myths about current conditions in real estate.

Research by realestate.com.au has found some of these myths are needlessly preventing or discouraging consumers from entering the property market.

Myth 1: The time of year doesn't impact the success of buying and selling property

WHEN realestate.com.au asked people if the time of year has any impact on the success of buying and selling property, 50% said there was no impact.

Only 15% of those surveyed acknowledged that autumn is the best time of year for buying and selling.

Data collected by realestate.com.au reveals March and May were the two most popular months of the year for new property listings in 2011.

Buyer activity was also strongest in autumn with the website attracting more than 7.5 million unique browsers in May last year, the most of any month.

aOur website traffic over the past three years shows a spike of activity in March,a realestate.com.au general manager for brand, communication and insights Joanne Whyte said.

aOverall, autumn has more new listings than spring, and accounts for almost 30%of total listings during the year,a Ms Whyte said.

aWe also know there are more people visiting the site and making enquiries on properties, which provides a terrific opportunity for both buyers and sellers.a

Myth 2: First home buyers are being forced out of the market

ALMOST one in eight first-home buyers told realestate.com.au they feel as though they are being forced out of the market. …

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