Escape from the city?…Or need a bigger place?
This question has been on my mind for quite some time. One of the advantages a Buyer’s Agent gets is market feedback in real time. Unlike those who have to wait it out for delayed data reports, we are fielding buyer calls and getting a gauge of sentiment from the coal face, every single day.…
The five biggest mistakes buyers make in a seller’s market
Every.single.day we are approached with requests for help. In this challenging climate, buyers are reaching out for professional assistance to help navigate our current seller’s market. Many of these buyers could technically prepare their own brief, back-test the feasibility of their purchase strategy and go out to the open for inspections themselves, however in many…
Navigating online auctions
Now that half of our country’s population are in lockdown, real estate, (like many other industries) have had to adapt historically standard practices in an effort continue trading. From digital contract execution to virtual inspections, many agents have embraced such methods for some years, but the truth is that COVID-19 lockdowns have shaken up how…
Sticking to your strategy
There is so much more to property investment than merely buying a property and watching its capital value movements. From rental yield to outgoings, vacancy rates to tax considerations, the elements are all inter-twined and all important. What is often missed is the strategy. Our long term property investment strategy underpins our approach and our…
How we spot a bidder
Ever wondered why a buyer’s advocate might position themselves in a particular spot outside the property when the auction bell rings? And have you seen an advocate move to a new position as the auction unfolds? They are, most likely identifying their competition and preparing for a battle. Often people ask how we know who…
Arden; a new inner-ring suburb
For those who have glanced across disused rail yards while driving over Melbourne’s north on the Citylink freeway, many may not realise that a new suburb is underway. Considered a bit of a rarity for a central city location, a large area of land, (approximately fifty hectares) wedged between Kensington and North Melbourne’s streets is…
Why off-market properties can be dangerous
“Off-market” is a popular way for buyers to purchase property right now. We’re in hot, seller’s market and buyers are feeling disadvantaged by the market conditions. So many buyers assume that the ‘secret sauce’ to buying well is to target off-market opportunities. Little do they know that only a small proportion of off-market sales are…
Stratum Title… what does it mean?
We often hear about strata title; it’s the mainstream variant of ownership when we consider a property in a block of other properties. Typically these types of properties are apartments, townhouses and villa units. The owner of a strata property will own the specifically bounded property and an equal (and undivided share) of the common…
How much above the quote range will it sell?
This is a common question, particularly in a heated, seller’s market. I’ve heard so many ‘rule of thumb’ ideas, and some of them are concerning at best, and costly at worst. Some prospective buyers apply +15% stretch, assuming that either all agencies are underquoting, or all competitive bidding is driving the price to this arbitrary…
A look at Geelong’s stellar growth: historical sales analysis
We are often asked about capital growth by prospective investors and clients. Nobody can accurately pinpoint exactly how a property’s future performance will track, but thorough regression analysis can give us some insight into the impact of certain variables when it comes to tracking past performance. For example, location, or dwelling type. What we do…
Should I buy one house?… or two smaller properties?
We get this question often. Prospective property investors typically focus on the amount of funding that that they may have at their fingertips, closely followed by the number of properties that they could buy. So many make the incorrect assumption that more properties in their portfolio equate to greater wealth. The reality is; every property…
Why rationality is so important
Yesterday was a two-auction day for us, and while neither auction went our way, both were intriguing to participate in. Each showcased a remarkable example of social impact theory. The first auction was that of a four bedroom, triple fronted brick 1960’s house in Sunshine West. The area is well represented by many of these…
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