…How to deal with “best and highest offer” sales…
A very special brief for us recently involved the shortlisting, selection and acquisition of a home for two young interstate-based professionals who are moving down to Melbourne in the new year. We enjoyed profiling suitable areas and arrived at Altona based on proximity to employers, value for money at a mid-fives budget,easy rentability for future…
…The power of agent-relationships…
A recent assignment with two fantastic investor clients ended last week with plenty of celebration. Our brief was sensible and with a desired spend range of $700K – $800K, and we felt that the targeted suburbs from the inner west to the northern suburbs of Coburg and Preston should have easily yielded us a quality…
…A tough, and last-minute choice….
What do you do when you are set to bid at auction on Saturday, but find a house on Tuesday which catches your interest? Easy – you just try your luck at auction and keep the house as your Plan B. But what do you do if the house has competing buyers who are also…
..When making an offer prior to auction is a good idea…
In our Seller’s market, and particularly over the winter months where supplies of properties for sale are low, many buyers come to me requesting that I help them secure an auction property before the auction. But it’s not always a good idea to pounce forward with an offer. There needs to be a sequence of good reasons…
…finding easy cashflow AND capital growth….
When a brief requires the ‘out of pocket’ monthly costs to be close to zero for an investor, the implication is that they will need to consider a property which carries some downside. It could either a risky investment, a tough studio apartment or …. a regional investment. We don’t endorse risky strategies, mining towns, tiny…
What Can Change a Suburb for Better?…
Often investors will look to changes in an effort to find that special something, that little edge that can make the difference between a sound suburb and a suburb about to boom. From infrastructure changes to planning updates, new developments to exciting tourist magnets. A change of scene and the presence of new and cashed-up buyers can make…
….Do blocks like this exist anymore?… the Stunning Victorian on 850sqm
Yesterday I bid for a very special repeat client, who this time had researched an exciting opportunity – a subdivision and large townhouse build behind a period property. Finding the right property was not easy; in fact we’d been working together for months. With a target price of sub-$700K, a need for train station to be…
…Why Newer is not Always Better…
Recently we had a fantastic brief to assist with for a very sensible first home buyer. Her target budget was low to mid fives, and her questions were fabulous. Should she be buying brand-new? Should she target the grant for those who buy new? Would it be better to buy in a well-established area close to the…
…a fantastic Off-Market Potential Development Option
We recently bid on a cute three bedroom house in Watsonia and walked away without the sold sticker. The property sold for $600,000, but because of a large tree in the backyard and a Department of Housing tenant on a further eighteen month lease, our cap of $590,000 stood firm and that property just wasn’t…
A Very Special Quest for a Large Family Home
Back in April I had the pleasure of receiving a phone call from a prospective client. He and his fiancee had been searching for months for a suitably sized, long term family home in West Footscray and surrounds. Their search had been drawn-out and painful in part; from being pipped at auction to falling prey…
Second time lucky!…. a Geelong West Jewell
Our regional city brief this month was in Geelong – a changing, exciting, waterside city just 50 minutes from Melbourne. Our lovely clients are thinking forward to where they are going to live and work – and came to us to help them make their wish a reality. Geelong never gets shrugged off by us.…
Winter Blues…. Spring is Just Around the Corner
On Saturday we attended an auction for two fabulous repeat clients. Their portfolio acquisition plan this time around was to identify a sub-$600K house which could respond to rejuvenation now, and could potentially be sub-dividable in future. No easy feat, but Northern middle-to-outer-ring Watsonia was identified as a possible locality to target. …
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