Cashflow-Neutral House Buying in Ballarat East
A recent assignment with a wonderful client took us to Ballarat East; once home to the goldfields of the 1800’s, and now a thriving and popular part of Ballarat city. Greater Ballarat is home to 96,000 people and is Victoria’s third largest city. Ballarat’s property market is quite different to Melbourne’s in many ways. From…
Why are some properties cheaper years later, after they are no longer brand new?
Yesterday proved to be interesting for a client of ours. Amy bid at auction on a beautifully converted two bedroom, two bathroom warehouse apartment with enclosed balcony in Kensington. Just 3km from CBD and conveniently located near shops, station and arterials were just some of the draw-cards for our buyer, and the secure block, car…
Winter Auction Blues….
Yesterday proved that any pent-up buyer nerves about our looming election were just hearsay. Buyers in the inner-ring suburbs not only bid hard yesterday, but showed strong evidence of the effect of our recent rate cuts. For many properties, records were broken, and reserves were exceeded beyond Vendor’s and Agent’s dreams. Right now, a shortage of…
Buying Property on a Long Weekend…
This long weekend has been a busy one for us (and some of our clients). It’s not dissimilar to other long weekends… intensive negotiations, auction activity and some interesting purchases of properties prior to their scheduled auction dates. Whether it be coincidence or a combination of factors, there is no doubt that our successful acquisition rate…
Captivating Coburg
Two months ago we met a delightful couple who were on the quest to find their family home. Their criteria list was sensible, exciting, challenging but achievable, so we set out on our assignment with them. A family home with potential to improve, on a 400sqm+ block is no mean feat when the target area…
Off-Market Buying in Williamstown…
Our most recent off-market purchase in beautiful Williamstown was one which was almost tailor made for our fantastic clients.Their search criteria for their investment property included a target purchase price around $600,000, a dated townhouse in a boutique block, and a property within easy walk to train station. When the call came in about this…
Off-Market Buying in Amazing Ascot Vale
One of our most recent assignments took us to Ascot Vale. We were on a quest for a well-proportioned, secure two bedroom apartment in a great block, but more importantly, cafes, shops and station all needed to be in easy walking distance for our young professional home-buyer. Circling the pretty streets which run off bustling…
How home purchases work when the owner lives overseas…
We often have assignments for overseas-based Australians looking to buy their home before they return. The task is never simple and it requires a lot of mutual understanding and trust. Finding a future home requires more than just market knowledge and investment-grade criteria. Our home searches hinge around our ability to quickly discern what our client…
Footscray’s fabulous growth rate…
Yesterday we found ourselves bidding on four properties for clients; two of which were in Footscray. Both properties had an interesting story and we did wonder what the effects of their respective histories would be on auction day. Nineteen Essex St was one of the most impressive and inspiring one bedroom shopfront restorations I’ve seen.…
Sometimes it pays to be patient…
Our most recent off-market win was more than just a great purchase. It was the property which was worth the wait and the heartbreak our fantastic clients had endured in their quest for a period property. One the most quoted lines I used for this particular duo over the last three months was “…you just have…
What’s the best capital growth decision for a ~$900,000 budget?
When I met with our lovely prospective client two weeks’ ago, she asked me a great, candid question. Being new to Melbourne from Sydney, and having made the decision to invest for capital growth, she meant business and was keen to strike up a plan. “Cate, what is the best property for me to spend $900,000…
When a family’s dreams hinge on auction day…
The weekend before a long weekend will always be a busy auction period, and our little office was humming with activity last week in preparation for seven auctions. Coordinating our bidding schedule between three of us was no mean feat with our auction bidding falling between 11.30 and 2.30 in mixed locations. From Newport to Brunswick, Thornbury…
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CATE@CATEBAKOS.COM.AU