Realtors step outside square

The Real Estate Institute of Tasmania chief executive officer Mark Berry is proud to announce the following appointments; Peter Bushby as national president of the Real Estate Institute of Australia.

Peter has had a distinguished career starting in real estate in 1972 in the Northern Tasmanian market of Launceston and surrounds.

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Better use seen for Burnie land

Prime land near Burnie’s waterfront and CBD earmarked for student accommodation could be better utilised, according to a Burnie real estate professional.

The University of Tasmania will secure ownership of the Makers’ Workshop and the adjacent parcel of land from the Burnie City Council.

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Coastal property market stagnant

The North-West property market is “pretty much” at the bottom and set to stay there for the next couple of years, an industry veteran says.

“Until we see a change in the (state) government, nothing will change,” First National Real Estate Burnie managing director Deanne Lamprey said yesterday.

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Grant needs to be more inclusive

Tasmanian real estate agents are taking over the industry at a national level.

Following the December 2012 appointment of Peter Bushby as national president of the Real Estate Institute of Australia, there are now three Tasmanian agents in charge of or delegating on national real-estate boards.

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Last chance for Young Achievers

Nominations for the Southern Cross Young Achiever Awards close on the 27th November! Why not nominate a young person you know that is achieving great results or who is actively involved in our community. You could make the world of difference to a young person’s confidence whilst giving them a pat on the back with a nomination! If you know someone up to 28 years of age who is making their mark in one of the eight categories, why not show your appreciation by nominating them.

Nominations are being sought for the: * First National Real Estate Leadership and Innovation Award among others.

First National Real Estate McGregor

Source: Huon News, Franklin, 21 Nov 2012

Plenty of bargains amidst the luxe

While there are certainly plenty of luxurious properties on the market at the moment, with a price tag to match, bargain hunters do not have to look far to snap up the deal of a lifetime.

Of the about 200 new Tasmanian properties to go on the market last week, 52 had listing prices of less than $250,000.

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Negotiation is key to getting a good price

Deanne Lamprey, principal of First National Real Estate Burnie, says achieving the best price in the current buyers’ market is tricky for sellers.

Selling or buying a property represents one of the biggest financial transactions in a person’s life, and achieving the right price is difficult in normal circumstances, let alone when the market favours one over the other, Ms Lamprey said.

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Increasing confidence

Confidence in the real estate market along the Coast is up with a new operator opening later this month, following improved market conditions in late 2011.

The Burnie property market is expected to strengthen in 2012, as homebuyers stop marking time, after waiting through 2011 for prime buying conditions to arrive.

First National Real Estate Burnie’s Deanne Lamprey released the 2012 Property Market Outlook recently and said in the last six months, the market has been falling due to a lack of confidence in the economy and with State Government policies.

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Market slow to move after cuts

Further interest rate cuts may be needed to spark the property market, real estate identity Deanne Lamprey says.

Two cuts of 0.25% before Christmas raised hopes a boost in sales to investors and first home buyers was on the way.

However, there had been little sign of that so far, Mrs Lamprey, the principal of First National Burnie, said yesterday.

“It was really, really quiet over the Christmas- New Year period.

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Signs of life in commercial property

Commercial property may be starting to pick up on the North-West Coast after a tough period for retailers.

The interest rate cut and improving returns for commercial property investors should help liven up the Devonport market, according to local real estate agents.

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