Posts by Cate Bakos
Our market movement
The recent CoreLogic report is a sobering reminder to buyers who are tackling a purchase effort in the vast majority of our capital (and regional) cities around the nation. Although it’s hard to fathom for many, we do have to take stock of the rate of market movement when assessing a likely sale price of…
Read MoreMacroPru: What is it?
Since the GFC, this term has become a well-worn one in banking and finance circles, but so few understand what it really means, and why it’s become so important. Recent news articles in this past week suggest that it will strike again, and some commentators, agents and investors alike are mindful of macro-prudential measures being…
Read MoreSix things to ask yourself before you sign that contract
In this energetic, fast-paced seller’s market, peppered with lockdown restrictions and sudden announcements, many buyers are acting impulsively, and some are acting irrationallly. Whether it be time constraints, a huge dose of FOMO, or sheer fatigue, buying a property deserves a thoughtful approach. More now than ever before, we’ve seen and heard of some impractical…
Read MorePaying the deposit
As well understood as a deposit is, it’s not uncommon for deposit payments to be a cause of confusion, (and sometimes concern). As with any significant commercial transaction, any executed contract must be accompanied by a consideration. A consideration is merely a part payment, (usually a small portion of the desired deposit payment). In previous…
Read MoreReal Estate and Behavioural Economics
I recently listened to Professor Richard Thaler speak on the ABC about his work in the field of economics. In 2017, Thaler was awarded a Nobel prize in his field for his work on Behavioural Economics and his work has been instrumental in government policy, retail, health, and many other applications. What intrigued me when…
Read MoreRight-sizing… doing it right
We often work with down-sizers… empty nesters… or more commonly termed “right-sizers”. Typically this demographic is older, the kids have moved out long ago and their focus is on lifestyle. Specifically, they are determined to introduce more convenience, less maintenance and increased pedestrian amenity to their life. The term “right-sizer” refers to a growing number…
Read MoreTwo bedroom cottages in Melbourne
Melbourne’s inner 10km radius suburbs boast many beautiful properties; specifically turn-of-the-century worker’s cottages within the suburbs closer to the CBD. Back in the late 1800’s our inner suburbs were not necessarily home to the wealthy. Our more affluent families sought their family homes on larger blocks in the likes of Malvern, Armadale and some of…
Read MorePositive property attributes that deserve a value-weighting
We assess properties every day, including rigorous comparable sales analysis. Many properties we spot have a standard array of attributes that are easy to compare to others’, however sometimes we spot a property that has a really special offering. Assigning a value-weighting can be challenging, but in cases like these, they deserve a weighting. The…
Read MoreWhy are auctions cancelled?
We are often asked this question, and whether it be a buyer’s market or a seller’s market, auction cancellations can strike for various reasons. In this current COVID lockdown climate, it isn’t a surprise to see auction cancellations strike, but what are the driving forces that often initiate an auction cancellation? Today’s Sunday Blog explores.…
Read MoreEscape from the city?…Or need a bigger place?
This question has been on my mind for quite some time. One of the advantages a Buyer’s Agent gets is market feedback in real time. Unlike those who have to wait it out for delayed data reports, we are fielding buyer calls and getting a gauge of sentiment from the coal face, every single day.…
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