Posts by Cate Bakos
What is the best value real estate?
This article forms part two of a two-part feature on investing in property where we have collaborated with the team over at Yield Financial Planning to display our passion for property and the intricacies of how it fits into a well-crafted financial plan. Buyers often ask, “What is the best value suburb?” or “Where is…
Read MoreThe quirks of buying in Melbourne
This article forms part one of a two-part feature on investing in property where we have collaborated with the team over at Yield Financial Planning to display our passion for property and the intricacies of how it fits into a well-crafted financial plan. One of Melbourne’s best-known quirks is sale by auction. Melbourne is the…
Read MoreA ‘few years’ tenure is not enough
Property is a long game. Buying and selling in a short space of time works on occasion, but it’s generally not optimal for the vast majority. This is why we say, “A few years tenure is not enough. There are three reasons, (four, if the property is brand new) why we don’t recommend a purchase…
Read MoreWhat’s changed in a decade?
We’re bombarded with shock headlines and talk of ‘unprecedented’ statistics, but when we take a few steps back from the charts and look at Australian property history with a broader lens, we can truly ask ourselves, “what’s changed?” Today’s Sunday blog contrasts 2013 to today in the charts. Clearly, the most stunning change over the…
Read MoreWhere is the market at?
The most common question we are getting asked is, “Where is the market at right now?” And our overview may surprise some. We’re in a very strange market at present. Headlines are suggesting that the market has bottomed, while many purchasers who are active in the market are reporting that competition is tough. The competitive…
Read MoreArdeer.. a surprise little suburb
Ardeer is a little suburb just 14km from Melbourne’s CBD, sitting on a geographical spread of just 2.1 square kms. Ardeer offers rail amenity, access to freeways, and most surprisingly, has a median house price value of $677,000. Ardeer’s history dates back to the 1950’s, and this era of construction is visible throughout Ardeer’s streets…
Read MoreAre you getting the right rent?
In this rapidly evolving economic climate its easy for investors to find themselves being short-sold. We know that increasing interest rates can’t simply be passed on to the tenant. Rent movement is purely driven by supply and demand, however our current climate is aligned with rental increases, and for good reason beyond interest rate movements.…
Read MoreIs off-street parking important?
Finding a property in the city’s inner-ring with off-street parking can be challenging, but is street-parking a sensible compromise? We field this question often, particularly when we’re working with clients in the inner-ring suburbs. The problem is; our gentrified inner-city allotments were subdivided as worker’s cottage sites back in the late 1880’s when working-class folks…
Read MoreAuctions are back!
Despite the auction clearance rates being relatively moderate, segmenting our market tells a different story. Auction clearance rates are firm for inner suburbs and while it may still be too early to tell, 2023 does have a different buzz about it…. a more competitive one. Reports overnight support this feeling for our Melbourne inner-suburbs market.…
Read MoreNo contract review? No purchase.
This saying holds us in good stead when supporting buyers to purchase property. There is much that we can spot in a contract, but a qualified legal professional will often identify things that could preclude the purchase being a sound one. We’ve written about the importance of contract reviews before, but there are some compelling…
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