Looking back on my own investing journey
It’s easy to find fault in our individual investing journeys, particularly when we consider all of our valuable learnings over the decades and reflect on some of the early decisions we made. A number of my own acquisitions were made preceding my time as a buyers agent and I often reflect on the things that…
Making a move across town
So many people have done it, my little family included. Back in 2012 we made the bold decision to shift our life from beachside Aspendale to inner-west’s Yarraville. The move was not a consideration we took lightly. Our friends, my husband’s work, our daughter’s school, my family… they were all around Aspendale. But after a…
How are 2022’s buyers different?
We’re all familiar with the various ways that lockdowns and COVID-19 shaped our preferences and criteria when it comes to selecting real estate. Some of those changes have been hallmarks of the era, while others are more permanent. But 2022 is different for various reasons. We have conflict in Ukraine, supply chain woes, inflationary pressures…
How do interest rates impact capital growth?
For ten days now, I’ve been asked this question. I’ve reflected on the stark contrast between this month’s consumer reaction to a 0.25% rate increase, versus our reaction to such an increase in the years that consecutive rate increases were applied. For owner occupiers and investors alike, as much as we didn’t like the rate…
The concept of ‘practising’ negotiation
This week I met a lovely new industry friend who was introduced to me by a mutual connection. We chatted all things real estate and I was intrigued by his adaptation to his role, on so many levels. He left his former industry to pursue real estate but also managed a complete relocation from Turkey…
What happens if the hammer falls before your bid is received?
It’s an important question, and one that no bidder really wants to test. Occasionally, we witness this, but rarely has it happened when I’ve held the final bid. Yesterday, however was an interesting day for the attendees at the auction of this property in Geelong West. Standing in the crowd were our clients, three other…
What is the market *really* doing?
Amidst doom and gloom media stories, speculation about interest rate increases weakening our market, and a general feeling of malaise for about the outlook for our local property market, the market continues to challenge such claims. Even on a public holiday long weekend, (which has followed a previous school holiday long weekend) our auction clearance…
Why are investors rushing back?
We’re all hearing news of interest rate rises… and speculation about capital growth contraction. But we do have to wade through headlines and negative news stories in order to see what is really happening. COVID challenged every forecast and every lending economist’s predictions, and our selection criteria for property altered somewhat also. Some of these…
Is it time for quality apartments to bounce back?
For over a decade now, we have witnessed median house price growth outpacing unit growth. Historically, this wasn’t always the status, and this dated Corelogic chart shows some 25 years of house and unit price movement nationally staying reasonably in step. However, it is interesting having a retrospective look at a ten year old case…
One dollar bids?
On Wednesday night, I experienced one of the quirkiest auction experiences ever. I secured a property for two very dear clients, and with a mere one dollar bid. That certainly wasn’t my initial strategy, but like all auctions, we have to take stock of the situation, try to understand our opponent’s approach, and think quickly…
Ballarat’s five year growth spurt
We’ve been working in the Ballarat market consistently now for over a decade. Our reasons for selecting Ballarat were always that of balanced growth and yield…. not extreme capital growth. I’ve maintained consistent advisory position when it comes to Ballarat; “it has offered fantastic growth of late, but long term, it isn’t meant to out-perform…
Anticipating, (and prepping for) a pass-in
An interesting observation to share relates to the increased rate of auction properties passing in. We have come out of a very heated period of growth and currently, Melbourne’s capital growth rate is quite static. This is unsurprising, given the global unrest, looming federal election and interest rate rise speculation. Each, in their own right…
REGISTER TO OUR NEWSLETTER
INFORMATION
CONTACT US
1A/58 ANDERSON STREET,
YARRAVILLE VIC 3013
0422 638 362
03 7000 6026
CATE@CATEBAKOS.COM.AU