Sunday Blog

This week’s excitement included an appearance in the Australian Financial review and while it was novel to get some industry peer acknowledgement, the topic itself was very relevant for a lot of past and present clients of ours. Duncan Hughes (the journalist who wrote the article) asked me to comment on some of the reasons…

This Sunday’s blog could be forgiven for appearing like a foodie’s write up (except I am no foodie.) Yesterday I enjoyed my observations in sunny Belmont. The recent changes within this nine square kilometre patch just south of Geelong’s CBD, and home to over 13,000 people is a fascinating case study. Geelong has experienced impressive…

Bear Markets always create a change in emotion for buyers. Those who have been anxiously pushing themselves at auction during a Bull Market seem to forget the desperation they felt to just secure their property, sometimes anyproperty in the face of what felt like a brick wall between them and their acquisition plans. Fast-forward the…

This descriptor is used by agents a lot these days. What they really mean is that we have an unusual Melbourne property market right now. The days of auction results consistently setting new price records, auction clearance rates in the heady 70’s and 80’s, and multiple bidders at almost every property are literally yesteryear. Our market…

Auctions. Usually dreaded, sometimes feared and often avoided. But when a buyer has success at auction, can they ever put it down to Tactics? Absolutely. Of course we know that some auction results are a perfect correlation with budget. A willing buyer who is prepared to fight in a price war will always have an…

Whether the property plan is a home or an investment purchase, most couples are not completely aligned. In fact, sometimes couples are so misaligned that issues can strike. Whether it be fear of debt, a disbelief in property as the most suitable asset class to tackle at the time, anxiety around the proposed price tag or concern…

Over the past week I’ve had two prospective clients ask me about the suitability of their property selections as they canvas the market for their home. My responses to both were very similar. “I don’t recommend it at all.”  My reason was all about the zoning of the property. Unlike some of my words of caution where…

Like no other real estate topic, this one gets hearts pumping and sometimes tempers frayed. So many people misunderstand the legal rules though, and in particular the relationship between the three. This is understandable, particularly given we’ve had recent changes to our Victorian legislation around how agencies can represent a price expectation on a property…

I presented recently to a crowd of interested property investors and as I always find, the answers at the end of the presentation were varied and thought-provoking. People often ask situational questions that give me an insight into what they are considering, what they’ve already signed up for, or what has perhaps frightened them. It’s no…

After four straight years of strong performance, heady auction results and highly competitive buying conditions, Melbourne’s market pace has finally slowed down to a more balanced market. What felt like the run-that-would-never-stop has been tackled by APRA (our prudential regulator) and our auction clearance still sits above 60%; technically not quite a buyer’s market, but…