Our first 2017 Spotlight
After a very busy 2016 Spring selling season which drifted well into December, house-buyers could be forgiven for wondering when the market conditions would ease for them. Auctions were generally well attended and properties highly contested; and it’s fair to say that even with higher stock levels in late November and December, houses on the market…
2016 Highlights…
We’ve had some really exciting assignments this year, from welcoming Sydney investors to our fabulous city, to fighting it out for beautiful homes at auction. We’ve witnessed out-performance capital growth in many postcodes, particularly the inner north, north-west and inner west. One defining aspect of 2016 was the sheer competition for houses at auction. Our…
What Makes Spotswood So Unique?
On the last auction weekend of 2016 we attended four auctions for our clients. One in particular was in Watt Street Spotswood, and this property was one of only two which we vied for during the entire year. Sadly we were the under-bidders. But there is a good explanation as to why properties in Spotswood…
A scramble to sell before Christmas?
This weekend was a successful one for quite a few of our clients. Our auction success rate record 75%; a record for 2016 for us. Was it chance? Good luck? Or a reflection of pre-Christmas market conditions? Buyer activity is slowing down now as people are preparing for Christmas, or away at end-of-year parties. Some of…
Buying Prior to Auction
Yesterday in Victoria 1438 properties went under the hammer and as at last night, just over 75% of them had sold. By any measure that is a strong clearance rate and a very large number of auctions for one Saturday. We bid at six auctions ourselves, yet didn’t secure a single property. What could we…
A strong market or pre-Christmas desperation?
Today marked the fourth last weekend of 2016 and buyer motivation was evident in many suburbs despite the strong number of properties auctioned today. We had our record number of auctions ever, and the ones we missed were not near-misses. They flew past reserve. So what was it that enabled these stronger-than-anticipated results? Missing out in Albion,…
Gauging the heat in the last four auction weekends…
This weekend marks the start of the final leg for 2016 Melbourne auctions. With only four possible auction Saturdays left, we can anticipate that new auction listings for December will make their last foray onto our alerts searches in the coming week. By this time next week, we will have every auction listing on our…
Fabulous Footscray…
We’ve been saying it for years… Footscay is quite special. Just 5km from the CBD, demonstrating impressive amenity, and offering some of the best food around. This brief was special because our client was keen to stay as close to the city and transport links as possible, and really wanted a property without common area and…
Beautiful East Ivanhoe….
Yesterday was an exciting auction day for three buyers who all had something in common. They’d been searching hard for the right home, and some for longer than others. One delightful couple had been looking for three years. Another had cleverly noted selling prices and market capital growth trajectories. He’d overlaid all of the areas…
Our Settlement Terms Enabled this Purchase…
After several meetings early this year, we commenced this assignment in March with a delightful couple. Their brief was tough for two reasons: firstly, they wanted us to help them secure a period house in Brunswick for $900.000. Secondly though, they’d added one significant challenge which trips many buyers up. They wanted an A grade investment…
Rear Lane Access…. Why is it so valuable in the inner-ring areas?
Yesterday’s two auction wins for two wonderful families had a few things in common. Both properties were inner-ring, period homes. Each client had experienced their fair share of disappointments in this tough buying climate. Both houses were set on long blocks with rear laneways behind them. Securing houses on laneways is a challenge in itself.…
Newport’s Surge in Popularity
Identified from afar by the power stack on the horizon, characterised by a great community, and boasting some beautiful period houses, Newport has been one of the inner-west’s sleepy little performers. Locals love their suburb for many reasons, and new visitors to the area are starting to see what the fuss is about. A blog…
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