Peter Rogozik Property Consulting: Your Buyers Advocate - Connecting People and Property |
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Search Your Buyers AdvocateSubscribe to "The Buyers Advocate"Every six months Peter Rogozik Property Consulting produces its newsletter "The Buyers Advocate, Connecting People and Property". Each newsletter contains a wealth of information on the state of the property market, building and investment tips, legal advice and much more. Helpful LinksContact UsLevel 27, 525 Collins Street PO Box 23406 Tel: 03 9689 9080 Yarraville Office International |
Helping Property BuyersIt's one of the most important decisions you'll make.Finding and purchasing the ideal home or an investment property is a complex, stressful process - full of potential risks and pitfalls. To do it successfully usually takes considerable time, money, and skill. What do we do?Peter Rogozik Property Consulting can streamline this process - taking much of the legwork and worry out of buying a property in Melbourne or Victoria. We provide a complete range of buyers agent services for anyone intending to purchase property. We are your buyers' advocate for property in Melbourne and Victoria. Find how Peter Rogozik Property Consultants can help you How we do it?Peter Rogozik Property Consulting manages:
Read more about our complete range of services for buyers and renters
Feature ArticlesThe Property Investors’ GraveyardPurchasing residential real estate in a traditional blue-chip inner-Melbourne suburb like Hawthorn would guarantee some capital growth in the medium to long term, right? Wrong. Urban Planning System in DisarrayOne of the major causes of the current housing shortage in Melbourne is the fact that our town planning system is in disarray and has been for many years. Melbourne: a City of Real Estate SegmentsOver the last 20 years Melbourne’s population has steadily increased and as a result new major infill developments have been built to cater for the increased demand for housing. Melbourne has now evolved into a city of real estate segments. It is no longer accurate to make sweeping generalisations about the Melbourne market as a whole. Passionate About the BuyerAs Buyers Advocates we have always prided ourselves on being totally independent. We have never and will never accept any form of remuneration from a third party. We are not aligned to any particular selling agent, property developer or any other organization where a conflict of interest could arise. When we search for properties on behalf of our clients the whole marketplace is examined without favour to anyone. The optimum property selection is made that best fits our client’s criteria. All Aboard the Capital Growth ExpressBeing within short walking distance to a tram stop or railway station in Australia equates to substantial extra capital growth in the medium to long term. As our roads become more congested this is a feature that rates at the top of the wish list of both buyers and renters. Amazing Results - selecting the best investment property for capital growthOur firm has always prided itself on being extremely discerning when selecting an investment property for our clients. The property has to meet strict criteria before we would recommend a purchase. The difference in capital growth between a good choice and the optimum choice can be hundreds of thousands of dollars in the medium to long term. Recently there have been 3 resales of properties I selected on behalf of investor clients. The capital growth was substantial in a relatively short period of time. Property Management - Why Choose UsThe aim of our property management department is to add extra value to our owners. To all our property owners we are prepared to offer the following at no extra cost. Your Buyers Advocate NewsMelbourne Property Market Snapshot February 2012The Melbourne property market in 2011 was difficult, the likes of which have not been seen for many years. That essential ingredient – droves of people wanting to buy property – was missing. The September-quarter figures show an annual overall increase of just 1.4%. Disaster Waiting to HappenThe current rules regarding safety requirements for backyard fishponds and water features in Victoria are a disaster waiting to happen. Carbon Tax: How it will impact Property Buyers?The Clean Energy Act 2011 was passed by parliament on 8 November 2011 without amendment, meaning the Carbon Tax will now become law in Australia. The tax will commence on 1 July 2012. Property Inspection UtopiaOver 80% of domestic building faults are related to water. Hence when it is raining the prospective property buyer has a unique opportunity to see exactly where the water is flowing and pooling, assess the quality of construction and potential faults that will lead to premature deterioration of the building. The Building Defects DebacleThe current system and regulations for consumers seeking redress for defective work and substandard workmanship by a builder are vague and complicated. The rules regarding this area of building law are contained in three different sets of regulations and guides: the Domestic Building Contracts Act 1993, the Building Code of Australia and the guide to Standards and Tolerances. Melbourne Property Market Snapshot July 2011As expected the first six months of 2011 has seen prices decline or remain stagnant in every segment of the Melbourne market except the quality segment. With continuing high demand and limited supply, this segment continues to produce exceptional results. It never has been and never will be a buyer’s market with quality property. However, home buyers whose purchase is not solely based on capital growth aspirations have been able to enjoy substantial price reductions provided they had the necessary negotiation skills to take advantage of the current market situation. The Absurdity of Vendor AdvocacyThe idea that one real estate agent would oversee another real estate agent in the sale of a property seems absurd. Yet it happens: it’s called vendor advocacy. Vendor advocacy is a service whereby a real estate agent who calls himself a vendor’s advocate will appoint another real estate agent to sell a property. The vendor’s advocate will then oversee the real estate agent ensuring he performs his duties properly. This relatively new phenomenon preys on uninformed vendors. The vendor’s advocate has essentially convinced the vendor that he is the good guy and the real estate agent is the bad guy. This is a dangerous situation for the vendor as unquestioned trust – which is essentially what the vendor’s advocate is expecting – in any substantial financial transaction often results in a less than satisfactory outcome. The Brand MythMaking a decision to appoint a real estate agent based on brand is flawed thinking. While marketing gurus argue that building a strong brand is an important part of any marketing strategy, and many real estate agents have followed this advice, it is a myth that one real estate brand is superior to another when it comes to getting results. Property buyers and sellers shouldn’t believe the hype. What the Internet Means for Buyers and SellersThe advent of the Internet has revolutionized the way buyers and sellers are completing real estate transactions. The real estate web portals have replaced newspapers as the prime marketing tool of selling agents. By accessing the major real estate web portals, buyers can now locate opportunities anywhere in Australia where they used to be restricted to their local area. Also, buyers no longer have to personally visit real estate offices to enquire about suitable properties for sale. Recipe for DisasterThere have been amendments to the Estate Agents Act effective from 1 January 2011 regarding real estate agents, their employees and family members buying homes directly from their vendor client. These changes could result in unscrupulous agents buying properties at below market price. The proposed legislation enables agents to buy property from clients with the written consent of the seller and a legal practitioner, conveyancer or accountant representing the vendor. The agent will be required to notify Consumer Affairs within seven days of receiving consent. Beware Self Managed Super FundsResidential property investors should be extremely wary if contemplating buying real estate using a self managed superannuation fund structure (SMSF). This structure which has created a lot of media attention lately may prove to be a fad that burns many a property investor. At the time of writing more than 400,000 investors are running their own do it yourself super fund, holding total assets worth more than 400 billion dollars. Too Little too LateHandouts rarely achieve anything and that is certainly the case when it comes to grants to first home buyers. These grants have been handed out on mass and have resulted in no real benefit to first home buyers or the economy. In certain circumstances a grant can be as much as $26,500.These handouts have only succeeded in increasing house prices by the amount of the grant therefore adding fuel to inflation. Also, it’s relatively easy to rort the system. I certainly believe first home buyers should be given assistance, however this should be done through the first home savers account which was introduced by the federal government to encourage first home buyers to save for a deposit. The first home saver account rules as they stand at the moment do not give enough incentive for first home buyers to save for a deposit. Foreign Investment DebacleThe changes to the rules governing foreign investment in residential property announced by the assistant treasurer in April of this year have done nothing to benefit the Australian economy or struggling first home buyers desperate to enter the market. Building Clause BewareThe standard Real Estate Institute of Victoria building defects clause that is used by real estate agents has proven to be ineffective by a recent decision of the Victorian Supreme Court. The clause states that a buyer can only avoid a contract of sale if a "major structural defect" is found. I have never agreed with the insertion of this clause and have always advised my clients to insert a clause which includes all defects. Specification SpecificWhen buying off the plan the most important documents in the transaction are the plans and specifications. In this situation the purchaser is essentially buying two elements, the land and the plans/specification document. Unfortunately many buyers are not aware of the importance of getting these documents absolutely right. EditorialYour Buyers' Advocate Newsletter Editorial (Issue 17)Buyer confidence plays a critical role in healthy real estate markets. Unfortunately this was lacking throughout 2011. A difficult property market accentuates the difference between quality real estate investments and property selections that are substantially inferior. During 2011 inferior property experienced a downward price correction, while the small percentage of quality property has continued to appreciate.
Peter Rogozik Property Consulting in the mediaPeter Rogozik has been featured on "The 7 PM Project", the hit television show "Hot Property" and " A Current Affair". View Television and Press clips
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