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Cate Signing

Why do agents resist pre-auction offers?

By Cate Bakos | May 7, 2023

Pre-auction offers are a common topic. Many agents are asked by purchasers whether their vendors would consider selling a property prior to auction. Unsurprisingly, the vendor’s (and agent’s) willingness to accept offers prior varies with the market sentiment. When the property market is languishing or falling, offers prior to auction are welcomed, and in fact…

Sold Sticker

You shouldn’t be bidding if…

By Cate Bakos | April 30, 2023

Auction bidding isn’t for the feint-hearted, but there are five critical tasks that must be done before being auction-ready. Ignoring just one of them could do more damage than just reducing the chances of success, and some of them could result in financial losses. Unlike a private sale campaign, auctions in Victoria are bound by…

Average Wages

Property can’t keep growing? Or can it?

By Cate Bakos | April 23, 2023

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…

Regret Square

The top six investor regrets

By Cate Bakos | April 16, 2023

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……

Square Proportions

Proportionality

By Cate Bakos | April 9, 2023

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.

Cleo

‘No pets’ clause?

By Cate Bakos | April 2, 2023

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…

Chart Volatility

A ‘few years’ tenure is not enough

By Cate Bakos | March 26, 2023

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…

Year 2013

What’s changed in a decade?

By Cate Bakos | March 19, 2023

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…

Cate Square

Where is the market at?

By Cate Bakos | March 12, 2023

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 Square

Ardeer.. a surprise little suburb

By Cate Bakos | March 5, 2023

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…

For Lease

Are you getting the right rent?

By Cate Bakos | February 26, 2023

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.…

Off Street

Is off-street parking important?

By Cate Bakos | February 19, 2023

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…

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