Property can’t keep growing? Or can it?
Many people ask me this question. It’s usually an investor looking to pick a hotspot, or someone hoping to speculate with a cheap asset that suddenly takes off in value. COVID and all that it caused for our various markets hasn’t helped the situation, because bold property success stories at BBQ’s dominate these days. From…
The top six investor regrets
I’ve met hundreds, if not thousands of investors over my twenty years in the property industry. Some are active clients, others are friends of friends at BBQ’s, parties, etc. People talk openly about investor regret when property is the topic of conversation, and over the years I’ve noted the common investor regrets. Here they are……
Proportionality
Over the years I’ve seen so many floor plans, layouts and yard sizes that just don’t work. Some can be fixed, but at a cost. And often, the cost results in an overcapitalisation.
‘No pets’ clause?
Our Victorian rental laws have changed and in particular, the “no pets” clause is no longer an option for rental providers. Previously, rental providers, (or landlords as we knew them prior to the reforms) could restrict a renter from having a pet in the property. Things have changed though, and our legislation now enables renters…
A ‘few years’ tenure is not enough
Property is a long game. Buying and selling in a short space of time works on occasion, but it’s generally not optimal for the vast majority. This is why we say, “A few years tenure is not enough. There are three reasons, (four, if the property is brand new) why we don’t recommend a purchase…
What’s changed in a decade?
We’re bombarded with shock headlines and talk of ‘unprecedented’ statistics, but when we take a few steps back from the charts and look at Australian property history with a broader lens, we can truly ask ourselves, “what’s changed?” Today’s Sunday blog contrasts 2013 to today in the charts. Clearly, the most stunning change over the…
Where is the market at?
The most common question we are getting asked is, “Where is the market at right now?” And our overview may surprise some. We’re in a very strange market at present. Headlines are suggesting that the market has bottomed, while many purchasers who are active in the market are reporting that competition is tough. The competitive…
Ardeer.. a surprise little suburb
Ardeer is a little suburb just 14km from Melbourne’s CBD, sitting on a geographical spread of just 2.1 square kms. Ardeer offers rail amenity, access to freeways, and most surprisingly, has a median house price value of $677,000. Ardeer’s history dates back to the 1950’s, and this era of construction is visible throughout Ardeer’s streets…
Are you getting the right rent?
In this rapidly evolving economic climate its easy for investors to find themselves being short-sold. We know that increasing interest rates can’t simply be passed on to the tenant. Rent movement is purely driven by supply and demand, however our current climate is aligned with rental increases, and for good reason beyond interest rate movements.…
Is off-street parking important?
Finding a property in the city’s inner-ring with off-street parking can be challenging, but is street-parking a sensible compromise? We field this question often, particularly when we’re working with clients in the inner-ring suburbs. The problem is; our gentrified inner-city allotments were subdivided as worker’s cottage sites back in the late 1880’s when working-class folks…
Auctions are back!
Despite the auction clearance rates being relatively moderate, segmenting our market tells a different story. Auction clearance rates are firm for inner suburbs and while it may still be too early to tell, 2023 does have a different buzz about it…. a more competitive one. Reports overnight support this feeling for our Melbourne inner-suburbs market.…
No contract review? No purchase.
This saying holds us in good stead when supporting buyers to purchase property. There is much that we can spot in a contract, but a qualified legal professional will often identify things that could preclude the purchase being a sound one. We’ve written about the importance of contract reviews before, but there are some compelling…
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