Posts by Cate Bakos

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…

In the last two months we have had a surprising number of buyers contact us about assisting with a purchase strategy that has glided off the rails. All have had one thing in common; they have presented offers in the wrong way. From misunderstanding the process to making verbal offers, the outcomes could have been…

Many of us receive the auction reports on a Saturday night with the clearance rates, but in the sea of contradicting media articles about our housing market, how can we digest the auction reports and make sense of them? As at this morning, Melbourne’s auction clearance rate is 75% for this pre-Queen’s Birthday weekend. Not…

I am often asked this question. Risk averse buyers like the idea of spreading their risk and often ask whether three or four regional purchases would aid a safer journey. Buyers who apply their own love of period properties will ask where they could buy in order to secure a beautiful Victorian at this level. The…

Yesterday was a dismal day for us out at five auctions. Three bidders, five properties, five lovely anxious clients.  We secured none of them. Weekend auction success rates vary, but in this hot and unexplained market, our overall auction success rate is considerably lower than past years… and so it should be.  Yesterday’s auction misses…