How you lose if you don’t buy quickly?
The inner Melbourne median house prices have jumped 8.8% over 2016 according to the REIV. With low interest rates offered by the banks and a volatile stock market, why wouldn’t you invest in property? If you’re approved for a loan or have the money to invest, each month you sit on your hands is money […]
What are people looking for on realestate.com.au?
We all know how tight the competition is for quality properties in Melbourne and there is no sign of this changing any time soon. Here are a few statistics from realestate.com.au that may help you understand the property landscape a little clearer. Based on the number of clicks per online listing, Melbourne has the country’s […]
Foreign investment targeting Melbourne’s fringe
Land on Melbourne’s fringe is being rezoned from farmland to residential in an attempt to address Melbourne’s housing affordability yet a recent The Age article uncovered that developers are still looking overseas to attract buyers. The Labor government rezoned and released land as they saw this as the only solutions to the housing shortage and […]
Buying better with Buyer Solutions
Buyer Solutions bought on prestigious St Kilda Hill last weekend. Interestingly, in this tightly held pocket of Melbourne real estate, two almost identical Art Deco style one bedroom properties were offered for public auction only two hours apart. The first without car parking sold first at 11 am for $530,000. The second had car parking and […]
Should you rentvest?
Should you rentvest? If you can afford to buy a property and you actually buy the right property, then the team at Buyer Solutions say “Yes”. Many renters live in top quality locations with lots of amenity nearby. They value proximity to shops, bars, restaurants, transport, parks, schools, hosptals and a high “walk score” all […]
Can there be two values for one house?
Interesting property viewing last Sunday. I visited a new 60 square (560 square metre) house in East Kew, Victoria and was chatting incognito with other buyers in attendance at the viewing. In my Sunday clothes, I don’t believe they knew I was an agent. One local buyer says to me “I have been shopping Kew, […]
Iconic Richmond Fire Station for sale
On December 3rd the former Richmond Fire Station at 131 Lord Street will be auctioned by Jellis Craig Richmond. Still standing in its original condition the Fire Brigade Station was designed by John Augustus Bernard Koch, an architect who practised in Richmond and Hawthorn and designed over sixty buildings for the City of Melbourne in […]
Avocado toast versus buying your first home
The big avocado debate – is saving for a home deposit as easy as going without for a little bit? Is cutting discretionary spending the key to your first home or is saving to buy a home just mission impossible? Do Millennials Stand a Chance at Getting Into the Property Market? Last month, millennials were […]
Winner REIV Buyer’s Agent of the Year 2016 – Janet Spencer
Proud winner REIV Buyer’s Agent of the Year 2016 – Janet Spencer. On Thursday 27 October 2016 at a gala event held at Crown Palladium, the REIV announced the winners of the prestigious and highly sought after 2016 REIV Awards for Excellence. David and I attended and it was a great night. Good food, good […]
Negative Interest Rates – How Will They Impact You?
With interest rates at record lows, savers are getting a measly return on their money, especially after factoring in inflation. Then, there is even talk of a possibility of negative interest rates. Negative interest rates sound counter-intuitive, but they are a strategy by central banks actioned in a weak economy to kick-start financial activity. Several […]