You may have heard the term thrown around, but what constitutes an off market property? It refers to a property being sold without any public advertising. When we say ‘public advertising’ we mean it hasn't been uploaded to any online portals, which costs the vendor thousands of dollars.
Read MoreWe’re talking in person auctions.. they may take place in front of the property on the street, inside the property or in a boardroom at the agents office. Let’s unpack a few strategies and considerations, but remember… Just like real estate itself this is not an exact science, there is no one particular formula for success when it comes to auctions.
Read MoreSo you're ready to move. You already own a property and you’re looking to up/down size into the next one. The most common question we get with clients in this position is, ‘Should I buy or sell first?’
Read MoreSo often we hear clients start their search, picking apart property with a fine tooth comb.. But unfortunately property is imperfect. Property needs money spent on it and they simply wont tick all your boxes.
Its very common for clients to come to us exhausted and overwhelmed with their spreadsheets and lists of property must-haves. We’d like to think we are magicians and property developers, but we’re not. We can't build our clients' dream home, we can merely work out what is non-negotiable and what's negotiable. Typically, this is determined by what can be changed and what can't. The orientation can’t be changed, the location, property style, access to amenities and transport, can’t be changed. These are the things to look for and focus on.
Read MoreThe market was extremely strong in 2021, with auction pass ins a rare occurrence. However, this year we are seeing it back as a common scenario for a property to pass in at auction, and often promptly sell to the highest bidder in negotiations afterwards.
We want to explore what this means and how to navigate it - if you find yourself in the hot seat!
Read MoreWhile we recently touched on the basics of depreciation, we're going to explore how it can make/save you money this week. While it seems counter-intuitive, let us explain…
Read MoreIf you’re looking for a sea and tree change, Beaumaris has it all. Bordered almost exclusively by golf courses, parks and beautiful beaches, it’s no wonder Beaumaris is highly sought by families looking to live in a safe bayside environment.
Harking back to the good old days of suburban living, the tree lined streets come whisper quiet and the neighbours extra friendly. With a handful of shopping strips and ‘The Concourse’ where you’ll find the buzz, you may be able to get a good coffee and some eggs on toast but you’d be hard pressed to find much more! No that’s not true, there's definitely a cute pizzeria that opened up in the early 2000’s somewhere in there (no wait, that was Black Rock)!
Read MoreDescribed by its google description as one of the hippest suburbs in Melbourne (which obviously means it’s true!)
It’s the home of the mighty pies, even though technically Victoria Park is in Abbotsford. Why they do that is beyond me (‘Welcome to Thornbury’ is actually located in Northcote if you didn’t know), very confusing for the average punter!
Read MoreWhile we all hope (and pray) that our houses only increase in value over time, they'll still invariably lose value in other ways. We're ignoring land size and location today, obvs. This is all about the building itself and all the expensive bits attached to it. Let us delve into the world of property depreciation.
Read MoreIf driving into Bendigo for a day trip isn’t on your to do list this year then do yourself a favour and put it at the top. Named a UNESCO city of gastronomy in 2019, alongside 65 others worldwide, this culture, art and history rich city is a regional treasure.
It’s one thing to visit for the day but making the move permanently? The ABS records a net 22,651 Melbournians have relocated to other parts of Victoria during the pandemic and for those looking to join them we can see why you are tempted.
With a population forecasted for 2021 at 123,632, the median 3 bed house price sitting at $575.000 and the established airport flying direct to Sydney with Qantas (Adelaide and Brisbane following soon), the appeal to snap up one of the many period homes and immerser yourself in the welcoming and diverse community is great.
Read MoreYou might know someone who's bought an investment property through a trust, has raved about it (using lots of jargon), and you'd like to know more. Let’s look at the pros and cons:
Read MoreDo you want to know about our secret weapon? The one that works harder for our clients than anything else? We used to be real estate agents. Yep, that’s right, we used to be one of ‘them’... and we’re not mad about it!
In fact we love estate agents, they are our friends, personally and professionally, and we appreciate the job they do. However, it is a massive win for our clients that we understand how the other side works.
We’ve attended sales training and real estate agent coaching for over 8 years, we’ve sat in on countless sales meetings, we have talked directly to vendors about their wants and needs and how to achieve them, and negotiated directly with buyers from the other side of the fence.. we’ve done it all.
Read MoreWe wholeheartedly believe in property. We believe everyone should buy real-estate for wealth creation. We talk about property all day everyday and we love it.
Recently we have been hosting ‘Lunch and Learns’ at our co-working space (mostly for first home buyers) where we talk about how to set your property strategy, what constitutes an A-grade property, how to vet and then secure it.
Read More36 sleeps till Christmas! Although in real estate, we countdown the number of auction weekends until Christmas, and there’s only 5 of those left for the year! Wow. Where has the year gone??
So with only 5 auction weekends to go before we kick into a new year, let’s take a look at what that means for buyers and potential sellers hoping to transact pre Xmas.
Read MoreIn the age of smashed avo on toast, eco-friendly living and a general vibe among Millenials of wanting freedom in work, life and surroundings (thanks, pandemic), the tiny house revolution is a comin'!
You might have seen the Scandi-minimalist / bohemian-chic imagery of these teeny homes online. Or watched the many sea-change-inspired property shows with couples 'packing it all in' moving out of cities for a rural, nomadic life on a shoestring. But is it a viable investment decision, with a promise of an idyllic lifestyle? Perhaps, but be warned, not all tiny homes are built equal.
Read MoreYou’re looking at buying an investment property and suddenly everyone starts talking about ‘gearing’... negative... positive... neutral... wtf?!
What does it all mean? It’s actually very important you understand the basics of it, if you are investing in property. So let’s investigate.
When it comes to investing, the term 'gearing' refers to borrowing to buy an asset. It is simply a way to describe borrowing to invest. So if you take out a loan to buy a rental property, your investment is said to be geared.
Read More‘How’s the market?’ asks every man and his dog… Our answer usually goes one of two ways, if we want to move things right along the answer is simple, ‘Booming!’
If the person asking, is looking to understand where things are sitting within parameters that actually mean something to them and their property search, or the sale of their property, we pull up a chair…
Read MoreSo, you want the inner city pad for the lifestyle factor and you’ve got under a million bucks to spend… apartment hunting we go!
We love apartments, but some are definitely better than others. In this article we explore some tips on what to look for when buying an A-grade apartment.
Read MoreDo school zones have an effect on housing prices in Melbourne? You bet they do!
Unless you have school-aged children or are planning to have kids in the near future, school zones are unlikely to be high on the priority list when it comes to the criteria for your dream home. However, you could be doing yourself a disservice when it comes to capital growth potential if you’re not taking this into account.
Read MoreHey Victorian investors this one’s for you.
Whilst anything that involves the word tax usually puts everyone to sleep, we’ll try and make this as brief and informative as possible.
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