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Why the competitive spirit can take over in auctions — and how you can stay in control


Despite the pandemic, Australia is in the midst of a hugely competitive auction market. Sydney, in particular, is experiencing dizzying auction clearance rates and the Reserve Bank’s decision this week to keep interest rates extraordinarily low will no doubt keep auctioneers busy.
If you’ve ever taken part in an auction, you’ll know emotions can run high, and sometimes drive us to bid more than originally intended.
Our paper, published in the journal Cognitive Research: Principles and Implications, found the way auctions are designed and run can vastly increase competitive arousal in bidders.
That’s obviously valuable information for sellers. But if you’re a buyer, the good news is there’s a lot you can do to ensure your competitive spirit doesn’t leave you with a bad case of buyer’s remorse. ....

New South Wales , Cognitive Research , Reserve Bank , Australian Property Market , Art Auctions , Property Market , புதியது தெற்கு வேல்ஸ் , அறிவாற்றல் ஆராய்ச்சி , இருப்பு வங்கி , ஆஸ்திரேலிய ப்ராபர்டீ சந்தை , கலை ஏலம் , ப்ராபர்டீ சந்தை ,

Hollywood Celebrities Flock to Small Australian Beachside Town


Hollywood Celebrities Flock to Small Australian Beachside Town
Rising Real Estate Prices Driving Out Locals
An increase of Hollywood productions in Australia has attracted the rich and famous to a small seaside town in northern New South Wales, which has driven up real estate prices in the once quiet surfers’ paradise.
Inquiries for properties in Byron Bay have surged, with city-dwellers inspired by the onset of working-from-home during the pandemic lockdowns and looking to escape to the coast.
But this has pushed locals further away from the desirable bay, where housing prices where already trending upwards prior to the CCP (Chinese Communist Party) virus (novel coronavirus) pandemic. ....

New South Wales , United States , Byron Bay , Suffolk Park , Chris Hemsworth , Matt Damon , Eli Wood , Zac Efron , Liam Hemsworth , Elsa Pataky , Natalie Portman , Nicole Kidman , Chinese Communist Party , A Listers Zac Efron , Times Photo , Tourism Australia , Sydney Opera House , Getty Images , Australiaon June , Australian Property Market , The Epoch Times , புதியது தெற்கு வேல்ஸ் , ஒன்றுபட்டது மாநிலங்களில் , பைரன் வளைகுடா , மூச்சுத் திணறல் பூங்கா , கிறிஸ் ஹெம்ஸ்வொர்த் ,

HomeBuilder Has 'Saved the Day' for Construction Industry: Master Builders


HomeBuilder Has ‘Saved the Day’ for Construction Industry: Master Builders
The building industry’s peak body is applauding the success of the HomeBuilder scheme, which is expected to support $18 billion worth of residential construction and renovation projects.
“There is no doubt that the Federal Government’s decisive action to implement HomeBuilder in the eye of the COVID storm saved the day for thousands of small builders and tradies, the people they employ and communities they support around the country,” Master Builder Association CEO Denita Wawn said in a statement.
“Without HomeBuilder thousands of small builder and tradie businesses would have gone under, and hundreds of thousands of jobs would have been lost,” she said. ....

New South Wales , Denita Wawn , Tom Forrest , Angela Lillicrap , Brendon Thorne Getty , Housing Industry Association , Australian Bureau Of Statistics , Master Builder Association , Federal Government , Builder Association , Australian Bureau , Times Photo , Getty Images , New South , Australian Property Market , Home Builder , New Home Buyer , Residential Property , The Epoch Times , புதியது தெற்கு வேல்ஸ் , டோம் காடு , பிரெண்டன் முள் கெட்டி , வீட்டுவசதி தொழில் சங்கம் , ஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , குரு பில்டர் சங்கம் , கூட்டாட்சியின் அரசு ,

Australian Regional Property Markets Racing Ahead in Profits


Australian Regional Property Markets Racing Ahead in Profits
A new report by property researcher CoreLogic has found that the property market in rural and regional areas experienced a boom in the last financial quarter.
The latest Corelogic Pain and Gain report found that just over 88 percent of housing sales made a gain in the September quarter, translating into $24.8 billion in profits. This was an increase of $5 billion from the June quarter 2020.
CoreLogic’s Head of Research Australia, Eliza Owen said these figures reflect the property market’s resilience through 2020, with regional areas near the coast proving the most popular for house hunters. ....

Sunshine Coast , Lake Macquarie , New South Wales , Eliza Owen , Nicola Powell , Corelogic Head Of Research Australia , Corelogic Pain , Research Australia , Mid North Coast , Newcastle Lake Macquarie , Richmond Tweed , Australian Property Market , Property Market , The Epoch Times , சூரிய ஒளி கடற்கரை , ஏரி மக்வரீ , புதியது தெற்கு வேல்ஸ் , எலிசா ஓவந் , நிகோலா போவல் , ஆராய்ச்சி ஆஸ்திரேலியா , நடுவில் வடக்கு கடற்கரை , நியூகேஸில் ஏரி மக்வரீ , ரிச்மண்ட் ட்வீட் , ஆஸ்திரேலிய ப்ராபர்டீ சந்தை , ப்ராபர்டீ சந்தை , தி சகாப்தம் முறை ,