Archive for 2017
Valuation Shortfalls… what do they mean?
In this tough investor market, the term “valuation shortfall” is dreaded by all. It is a banking term which means that the bank valuation is less than the price paid for a property. This is a particularly rare occurrence for an auction property but nonetheless, it is something that every buyer should be mindful of…
Read MoreReal Estate Agents – Make Them Your Friend Not Foe – Cate’s interview with RealEstate.com.au
The Sporadic Nature of Auctions
Yesterday we bid on a rare property; a classic single-fronted Victorian cottage in Footscray on just over 300sqm of land with dual street frontage. Many such blocks have since been subdivided and it is no surprise to familiar locals that these streets boast a blend of period cottages and street-frontage townhouses. When our investor clients selected…
Read MoreDoes Land Equate to Capital Growth? – an article by Amy Mylius for SPI
What makes an investment property a great one?
Last Saturday a delighful new investor client followed her itinerary through her first weekend of inspections and later that afternoon we received her diligent feedback. One property was a strong ‘green light’ and clearly stood out from the rest. Situations like this can prove to be a real challenge. Quite often we’ll identify a winning property in the first…
Read MoreAppraising a unique property… science vs art
Yesterday we had an auction bidding assignment in Armadale at a beautifully renovated, substantial family home in a pretty street near the train line. While we knew we’d have tough competition, gauging the interest and appraising the property was indeed a challenge. This is because of the uniqueness of the house. This beautiful brick Federation…
Read More4 Common Mistakes When Setting Bidding Limits – by Amy Mylius on REB
How To Maximise Your Searches To Find Your Dream Home – Cate features on RealEstate.com.au
When a property passes in…
Our Melbourne property market has been going strong, particuluarly in the housing market throughout the inner and middle ring suburbs for some time now. Unprecedented low interest rates, strong demand, stock shortage and the rising popularity of inner-ring urban living for young professionals and downsizers alike have been drivers for this growth. When auction stock…
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