We’re in the downward phase of a typical market cycle that won’t last perpetually. The rate rise has been blamed for the lower clearance figures; however the drop in market activity has much more to do with buyer sentiment than affordability. Rate rises only have a major influence on first homebuyers who find it difficult […]
Although median house price data shouldn’t bethe only consideration when analysing the market, it can be useful when assessing the performance of a particular suburb. However this doesn’t mean every property will perform as expected. As an investor the aim should be to lower your risk profile whilst also maximising capital appreciation. In a strong […]
NOW is the time for buyers to make their move, with last weekend kicking off four weeks of record stock levels. Over 1000 auctions are scheduled in each of the next three weekends, making it the busiest period recorded in Melbourne’s residential market. This weekend 893 auctions were reported, resulting in a 59 per cent […]
VENDORS BRACE THEMSELVES FOR HARDER TIMES AS SURGING STOCK LEVELS CONTINUE TO TURN THE TIDE AGAINST THEM. Buyers are being swamped with choice as a record number of properties go to auction in the lead-up to the Christmas holidays. And, if the market’s performance over the past fewweeks is any indication, vendors are in for […]
Let’s take a few minutes to think about property auctions. They’re a daunting experience for any buyer – not to mention the seller! An auction is advertised as a ‘fair and transparent’ way to sell real estate, and vendors are told it’s the best way to achieve the ‘highest possible price’. However here are a […]
When the property market starts falling — as it is doing now — smart home vendors enlist the services of a vendor advocate. That person is not from or related to the vendor‘s real estate agency but is an independent adviser… …Buyers are also getting into the vendor game with some of them engaging buyer […]
Home buyers are often tempted to inspect properties on main roads especially during periods when the market’s rising and there’s reduced stock. Usually the only negative factor they’ve considered is noise. Remember, you can change a property, but you can’t change its location! So here are a few other points to take into consideration before […]
For many people, their home is their most valuable asset. Chris Vedelago looks at a few strategies to unlock its economic potential. Our homes are sanctuaries, full of precious memories, but also investments and sources of potential revenue. WHEN Neil Morris retired, what he did with his long-time home definitely doesn’t qualify as a mainstream […]
Chris Vedelago reveals just what $1 million will buy and where. To say the property had seen better days would be a gross understatement. The Richmond house had been gutted — the floors torn up, the plumbing and wiring re-routed to feed a massive hydroponics system used to grow marijuana. After police shut the operation […]
Tony Robinson’s nicely timed election proposal to ban ‘price-plus’ advertising cajoles purchasers into believing real steps are being made in their favour. However, no matter what Consumer Affairs Victoria (CAV) proposes, they cannot manipulate a selling agent to assist a prospective purchaser. Selling agents are contractually obliged to work in the best interests of the […]
