Sunday Blog
Why are investors going to the regions for cashflow-neutral? Some are right here in Melbs!
That’s right…. some cashflow-neutral options (as pretty as they ain’t), are right here, under our noses in our very own city. Some are within the 7km radius. So firstly, what does cashflow-neutral really mean? When rent rolls in and expenses are drawn out, the net differential for a cash-flow neutral property is close to zero. The expenses, (or outgoings) include five things;…
Read MoreWhen are comparable sales NOT to be relied upon?
As Buyers Agents, we mention Comparable Sales all the time. But there are some that we should disregard altogether, because they are either significantly inferior based on an invisible feature, existent due to an anomaly sale, or they aren’t technically authentic. So how do buyers identify the reliable sales from the unreliable ones? The first category of unreliable comparable sales…
Read MoreFinance clauses – debunking some myths
We’ve written extensively about finance clauses, when to use them, when they reduce the strength of the offer, why brokers like to use them as a safety blanket, and when a client is in a higher risk category. But there are a lot of myths out there when it comes to finance clauses. This article…
Read More“Market Inequality” is our biggest opportunity
With Saturday 2nd Feb signalling another tiny cluster of auctions (albeit with a slightly increased auction clearance rate of 55%), it is fair to note that we won’t see ‘normal’ auction volumes until next Saturday 9th Feb. While we’ll all be watching out for that magic number when it comes through that evening, we also…
Read MoreDo landlords hold the power?
In this changed lending landscape of ours, the negative sentiment, bad news stories and reports of market falls have created a negative picture for quite a few investors. But like most economic change, there is a flip-side. Heightened lender scrutiny, bank credit caution and the after-effects of our Banking Royal Commission have changed this environment of…
Read MorePets and Property
“Australia has one of the highest rates of pet ownership in the world. About 62% of Australian households own pets. There are an estimated more than 24 million pets in Australia.” Now that we’re back from holidays and we’ve picked up our cats from their cat-camp (thank you to Belinda’s Cosy Cat Cottages!), and after helping…
Read MoreWhat does “Under Offer” mean?
We field this question a lot. I even searched back through nine years’ of writing to make sure we weren’t doubling up a new blog. After our newest clients of 2019 spotted an online listing with this notification, it prompted this blog to explain what “Under Offer” can mean, (it varies) and what buyers can…
Read MoreHow can a sales authority influence a purchase outcome?
Buyers don’t often think about the vendor’s paperwork with the selling agent but unearthing some details can sometimes make the difference between missing out on, or securing a good property. Our Victorian legislation requires a selling agency to hold a formalised Sales Authority with the vendor prior to marketing their property. The Sales Authority stipulates…
Read MoreWhy could a Schedule 3 Auction deliver a big result?
Our last auction of 2018 was indeed a special one. Unique, competitive, commercially zoned and sold significantly above the reserve. In a climate of low auction clearance results, limited competition and a general correction above the $800,000 price point in Melbourne, this one bucked the trend. Why? The first hint is in the Auction Schedule itself.…
Read MoreBuyers, are you ready to pounce?
With our last official auction Saturday of 2018 behind us and dismal auction clearance rates yet again echoing our tough market conditions, is it time to take advantage and buy? In typical fashion, we will hit Christmas and have leftovers. Buyers who are happy to push past the Christmas sales and holiday planning will mop…
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