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First Home Buyers Melissa Barry and Lisa Vallely Spruik for their Employers!; No disclosure of their vested interests! Shouldn't this false advertising be illegal?
Topic Started: 31 Jan 2012, 08:34 AM (1,211 Views)
golly
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First-home buyers head south

Posted Image

FORESIGHT: Melissa Barry in front of her new home in O'Sullivan Beach, which she purchased with her sister Sarah, taking advantage of the First Home Owner Grant. Picture: Stephen Laffer .

Melissa Barry bought a house in O’Sullivan Beach with her sister Sarah last May.

She said they wanted to take advantage of government grants for first-home owners which will reduce from a possible $15,000 to $7000 in June next year.

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Making the first-home a reality

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First home buyer Lisa Vallely has bought a land and house package with her partner at Lightsview. Picture: Chris Mangan

Lisa Vallely, who bought a block of land late last year at Northgate to build her first home, says the great Australian dream is still achievable.

"You just have to look at what you can afford and prepare for the worst when budgeting for interest rates," she says.

Quote:
 
Friends join forces to buy first homes

Posted Image

Land and house package first-home buyer Lisa Vallely at her plot at Lightsview. Picture: Chris Mangan

DEVELOPERS say the "buddy up and buy" trend has been growing over the past six months as a way to get into a first home.

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http://www.brockharcourts.com.au/People/23018/Lisa-Vallely/Profile

Lisa Vallely
Sales Consultant
Brock Urban Projects - RLA61339
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georgie
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Real estate agents need to live somewhere too......

Why go out and find people to do articles on when you have people in your industry that you can get into easy contact with???


These are small time agents who have no weight on the market. Agents rely on turnover not high house prices.


Its publicity, if its not written about the agents it would have been written about Joe and Jane Smith down the road.
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Alex Barton
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Real Estate Industry Spruik of the Day. Nishant & Anu Singla: The constant first home buyers
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Andrew
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georgie
31 Jan 2012, 08:44 AM
Real estate agents need to live somewhere too......

Why go out and find people to do articles on when you have people in your industry that you can get into easy contact with???


These are small time agents who have no weight on the market. Agents rely on turnover not high house prices.


Its publicity, if its not written about the agents it would have been written about Joe and Jane Smith down the road.
georgie-

when the undisclosed real estate agents throw in nice little quotes about how you just have to get in there and buy, etc, that the unaware take as the views of some of their peers (without a vested interested), that makes it inappropriate. If you read the article not knowing they are agents, you might think "hey, some other people think it's a good time to buy, maybe they are right" - when in fact they are real estate agents who always say now is the time to buy, delivering spruik they probably practiced with their boss (also featured in the articles typically)

If the fact that they are agents is not problem, why is it never disclosed by the reporters?
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georgie
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Andrew
31 Jan 2012, 09:30 AM
georgie-

when the undisclosed real estate agents throw in nice little quotes about how you just have to get in there and buy, etc, that the unaware take as the views of some of their peers (without a vested interested), that makes it inappropriate. If you read the article not knowing they are agents, you might think "hey, some other people think it's a good time to buy, maybe they are right" - when in fact they are real estate agents who always say now is the time to buy, delivering spruik they probably practiced with their boss (also featured in the articles typically)

If the fact that they are agents is not problem, why is it never disclosed by the reporters?
Because its not a problem....

I agree about all the garbage agents spit out about how the property is "great investment", "High Capital Gains" and all the other stuff about now being a good time to buy. The fact is, assuming the agents are truthful that they bought the property. Being an agent does not make a difference. The reason the the media uses agents is for publicity reasons as the real estate industry is a big customer. Why go out and search for people to write pieces on when you have people in the industry. Its just easier.

Honestly I dont see what all the fuss is about when people or FHB buy real estate, do they want a certificate??

My problem is that people, here and on MB just love to nit pick and dissect everything the real estate industry does. If people took as much time to analyse other industries im sure you will find the same amount of spruik for their product.

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Nick1970
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georgie
31 Jan 2012, 10:03 AM
Andrew
31 Jan 2012, 09:30 AM
georgie-

when the undisclosed real estate agents throw in nice little quotes about how you just have to get in there and buy, etc, that the unaware take as the views of some of their peers (without a vested interested), that makes it inappropriate. If you read the article not knowing they are agents, you might think "hey, some other people think it's a good time to buy, maybe they are right" - when in fact they are real estate agents who always say now is the time to buy, delivering spruik they probably practiced with their boss (also featured in the articles typically)

If the fact that they are agents is not problem, why is it never disclosed by the reporters?
Because its not a problem....

I agree about all the garbage agents spit out about how the property is "great investment", "High Capital Gains" and all the other stuff about now being a good time to buy. The fact is, assuming the agents are truthful that they bought the property. Being an agent does not make a difference. The reason the the media uses agents is for publicity reasons as the real estate industry is a big customer. Why go out and search for people to write pieces on when you have people in the industry. Its just easier.

Honestly I dont see what all the fuss is about when people or FHB buy real estate, do they want a certificate??

My problem is that people, here and on MB just love to nit pick and dissect everything the real estate industry does. If people took as much time to analyse other industries im sure you will find the same amount of spruik for their product.

They are not buying a carton of milk.

For most people, a house purchase is the biggest thing (financially) that they will do in their lives. As a result there can never be too much transparency.
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Andrew
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georgie
31 Jan 2012, 10:03 AM
Because its not a problem....

I agree about all the garbage agents spit out about how the property is "great investment", "High Capital Gains" and all the other stuff about now being a good time to buy. The fact is, assuming the agents are truthful that they bought the property. Being an agent does not make a difference. The reason the the media uses agents is for publicity reasons as the real estate industry is a big customer. Why go out and search for people to write pieces on when you have people in the industry. Its just easier.

Honestly I dont see what all the fuss is about when people or FHB buy real estate, do they want a certificate??

My problem is that people, here and on MB just love to nit pick and dissect everything the real estate industry does. If people took as much time to analyse other industries im sure you will find the same amount of spruik for their product.
So you feel that the news should publish the viewpoints of people with a vested interest in the topic, without disclosing that vested interest?

You might find extending that logic to other topics the media would cover would yield interesting results.
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georgie
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Andrew
31 Jan 2012, 11:04 AM
So you feel that the news should publish the viewpoints of people with a vested interest in the topic, without disclosing that vested interest?

You might find extending that logic to other topics the media would cover would yield interesting results.
Agents dont have a vested interest if property prices go up or down. Its turnover.

From my experience a lot of agents are wishing for large falls (around 10%) as turnover will pick up and the market would be able to reset after such falls. Stagnating house prices are an agents worst friend. Rising and falling markets are ideal. With a rising market being much more preferable.
Edited by georgie, 31 Jan 2012, 11:11 AM.
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Aussiehouseprices
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georgie
31 Jan 2012, 11:10 AM
Andrew
31 Jan 2012, 11:04 AM
So you feel that the news should publish the viewpoints of people with a vested interest in the topic, without disclosing that vested interest?

You might find extending that logic to other topics the media would cover would yield interesting results.
Agents dont have a vested interest if property prices go up or down. Its turnover.

From my experience a lot of agents are wishing for large falls (around 10%) as turnover will pick up and the market would be able to reset after such falls. Stagnating house prices are an agents worst friend. Rising and falling markets are ideal. With a rising market being much more preferable.
Aren't you contradicting yourself?
Aussie House Prices blog
Latest post: Real Estate 101 - Lecture 1: Never use the "F" word
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mooks
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Georgie, thats just arguing a point for the sake of arguing it.

True that no one cares who these people are and they have little influence, but the key point is that its pretty misleading for the average joe bloggs that stumbles across this and thinks "oh, what a great idea"

Think average financial intelligence of the average person in Australia and put them together with those types of articles. What do you get?
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Mahamed
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Morbidly Obese

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Mahamed
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Morbidly Obese

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