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…
‘Out of the ordinary’ properties often sell with unpredictability
We were engaged by a lovely couple to help them acquire a property which was due to be auctioned this weekend just gone. They had fallen in love with a property which was particularly unique and in a very popular location, so we quickly geared up for due diligence and auction preparation. The property they…
Exploring St Albans…
Yesterday was a significant day for two of our lovely investor couples, and an exciting afternoon for us. Both secured their properties under the hammer on the same day, in the same suburb. One couple’s strategy was based on locating a property offering a strong combination of growth and rental yield within a gentrifying, metro growth suburb…
Special “Sight-Unseen” Ex-Pat Home Assignments
Every now and then we get the privilege of assisting clients who are based overseas with the acquisition of their return-to-Australia home. It’s an assignment based on trust, patience, and collaboration. Unlike a local-home-finder who can share in the inspection process and give feedback after an actual visit, overseas-based ex-pats rely on our ability to tap…
What is it about period houses that makes them so special?
They are usually over a hundred years old. Sometimes they need re-stumping. They cost a lot more to maintain, and they can’t easily be changed or redeveloped. Many don’t cater for cars being off-street. Worse yet, they don’t offer particularly strong rental yields. So why would any investor want one? Period properties in the right locations are often…
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