ASIC recently released an updated Investor Alert List , a useful resource for individuals considering investments, offering insights into the legitimacy of entities. This new list supersedes the former ‘companies you should not deal with’ and encompasses both national and international entities. ASIC flags concerns about these entities operating in Australia without proper authorisation or engaging in fraudulent activities, including ‘impostor’ entities, also known as impersonation scams. Additionally, ASIC has revised its investor checklist , offering guidance on pre-investment measures. However, it’s essential to note that the list is not exhaustive, the list may not cover all dubious sites/entities, as ASIC might not have detected them yet. ASIC urges industry participants to contribute to identifying suspicious investment platforms by reporting them to Scamwatch for further investigation and action. For further assistance in making informed investment choices, ASIC’s website provides several articles, starting with the check before you invest page .

Houses are taking longer to sell, with the average number of days on market (sale by private treaty) now stretching to 29 days plus. Days on market often depends on vendors' expectations and, with price growth softening, some vendors are taking longer to adjust to the current market. The market has shifted to one for 'buyers', where purchasing decisions are no longer driven by FOMO (fear of missing out). In June this year the average days on market were at its lowest (31 days), compared to 41 days in August 2022. Other capital cities have also seen a rise - Sydney now 48 days, Melbourne 58 days, Perth 54 days, Hobart 46 days, and Canberra 49 days. Darwin has the highest days on market at 102 days, whilst Adelaide has remained relatively stable averaging 60 days since June. Yet, the rapid rise in interest rates, coupled with high inflation, has unsettled many buyers. Feeling uncertain and apprehensive, consumer confidence has dropped, with many waiting to see what's next before making purchasing decisions. Those that are still willing are finding adjusted lending criteria is making it more difficult to get a loan or more contribution is required in the deposit. On a brighter note, according to Domain, the fastest-selling suburbs in Australia in August 2022 were in Queensland (i.e. 9/10 houses and 7/10 units were Queensland suburbs). What are your thoughts on the property market leading up to Christmas?

Sydney and Melbourne are losing some value as property prices continue to slide however, Dr. Andrew Wilson from My Housing Market is forecasting only a 6% drop over 2022. He also predicts that Brisbane, Adelaide and Perth should finish the year with 11%, 12% and 9% growth respectively.

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Your best interest at heart A traditional real estate agent will always work to get the best outcome for a vendor, as a buyer's agent we are always looking out for only you! We take the time to listen to your needs and goals to develop a purchasing plan to find the best property for you and at the best price. Save you money With extensive knowledge of the property market, a buyer's agent understands the latest trends and best opportunities. This market insight, combined with expert negotiation skills, means the best property for the best price and terms. Save you time A focus only on property purchasing, a buyer's agent knows where to look to find the best home or investment to meet your needs. An established network, and access to exclusive property buying opportunities, provides the formula to locate properties to meet your specifications, this can save you valuable time in finding the right property for you. Commitment to clients Our goal is to make your property buying experience as stress-free and enjoyable as possible. We coordinate all the supporting services that go into buying a property, including collaborating with solicitors, mortgage brokers, building and pest inspection, real estate agents and more. What are you looking for in a buyer's agent, comment below?

According to Terry Ryder, Director of Hotspotting.com.au, The Garden City has one of Australia's strongest property markets, so what makes it so? Toowoomba region has a population of over 173k and growing and ABS statistics show an unemployment rate as low as 1.6%. Homes in Toowoomba are still affordable, offering a very attractive life style, and with rental yields at 5-6%, low vacancy rates, and billions of dollars being injected into the region for major projects including rail, hospital, airport and various energy projects, it ticks all boxes for property investors and potential for capital growth. What are your thoughts? Is Toowoomba one of the regional hotspots to invest and why? Place your comment below...