REIV Market Update May 2018
The REIV market update May 2018 has just been published. I’d like to share some of the top line information with you. For more detailed information don’t hesitate to get in touch. “Following the Reserve Bank meeting in May 2018, the cash rate was left unchanged at 1.5 per cent, as it has been since August […]
Construction coming next door?
When buying a property you should find out whether there is construction coming next door or in the immediate area. This could impact you if you are moving in. It could also impact tenants if you are an investor. Often whilst projects are underway, the area is disrupted. Traffic in the area can be increased […]
Go Girls Foundation Graduation Ceremony
I recently was very grateful to be invited to attend the Go Girls Foundation graduation ceremony. Held at Hellenic Republic in Kew, the food was fabulous, the company enlightening and the graduates truly inspiring. Go Girls ran a program for 14 unemployed Melbourne women and victims of domestic violence to formulate a plan for thei […]
April Property Market Review
Here is my April property market review. I am finding the market patchy and dangerous for buyers. Some properties are flying, reaching enormous prices and heated competition at auction. Others are passing in, selling after and not quite meeting the Vendor’s expectations. Interestingly, new REIV data for “the three months ended 31 March 2018 reveals […]
Dangerous gas heaters must not be used
A warning has been issued by Energy Victoria that dangerous gas heaters must not be used. If you own a property that has a Vulcan Heritage or a Pyrox Heritage gas heater do not use them until they are tested by a qualified gas fitter. Climate Technologies, who manufacture the heaters has a program in place to test every […]
Who uses negative gearing?
Who uses negative gearing? Well at Buyer Solutions we know that its not just the wealthy who negative gear when buying investment properties. I recently read that amongst the top people who use negative gearing are: Teachers Engineers Nurses and Midwives Retail workers Office/Practice Managers and General clerks Of course, as you would expect CEO’s […]
REIV Conference – Underquoting panel discussion
Estate Agents in Melbourne may be interested to attend the REIV Ignite Conference on the 21st of March at Crown Conference facilities. It should be a very informative day with some top speakers, including Simon Cohen from Consumer Affairs Victoria, Gus Balbontin from Lonely Planet and Stephen Scheeler former Managing Director of Facebook (Aus & NZ). I […]
REIV Awards for Excellence 2017
Janet Spencer Finalist REIV Awards for Excellence 2017 We are thrilled to announce that Janet Spencer has been named a finalist for the 2017 REIV Awards for Excellence in the Buyer’s Agent of the Year category. The REIV Awards for Excellence showcase the best of the property industry and celebrate leading real estate agency practices […]
Rental management fees – how much is fair?
Landlords are wondering, rental management fees – how much is fair? Since 1989, I have been hearing the ongoing conversation about what to pay for management fees of investment properties. Across metro Melbourne we are seeing firms offering cost free periods and/or low fees like 4% excluding GST. The Buyer Solutions team questions what services […]
Downsizing – How to do it well!
We were recently approached by a real estate publication for commentary on older Victorians downsizing from their larger family homes. Here are some top questions we answered: What Melbourne suburbs do you think are currently popular for downsizers and why? A lot of downsizers want to stay in the area in which they currently live, so […]