Peter Rogozik Property Consulting: Your Buyers Advocate - Connecting People and Property

Editorial

Your Buyers' Advocate Newsletter Editorial (Issue 5)

09/08/05

Hello and welcome to Peter Rogozik Property Consulting six monthly newsletter. The Melbourne property market over the first six months of 2005 has witnessed a general lull in activity. Prices for most properties have remained stagnant over this period.

Why is it that some properties have been relatively unaffected by this current downturn? Properties in quality locations with unique features have defied the current downturn and either held their price or in some cases continued to appreciate. We at Peter Rogozik Property Consulting are experts at identifying these quality properties. Our property reports examine the real estate, building and legal issues in relation to a real estate purchase. This thorough examination results in our clients purchasing the best possible property.

Land tax has been a controversial issue over the last twelve months. At last the state government has eased the burden with proposed new legislation. We outline the new land tax rates. Buying “off the plan” has been a popular way of purchasing property. This method of buying property is fraught with many traps and pitfalls. We give our readers some tips on what to look out for. One of the most popular and detailed reports our firm produces is our pre-purchase building report. We outline what our clients can expect when they request this service. We have been quite surprised at how many of our clients do not fully understand the laws relating to “ cooling off” from a property purchase. To add to the confusion some of these laws have recently been changed. We explain when a purchaser of residential property is entitled to “cool off” from a contract of sale.

As usual, in this edition we include our regular articles, Legal Chat by Andrew Padanyi, Market Snap Shot and our Investment Tip. Andrew’s article examines the legalities associated with buying “off the plan”. “ Investment Tip” looks at the emergence of the tiny seaside township of Merricks on the Mornington Peninsula. We believe it has excellent investment potential. As usual Market Snapshot outlines the recent past performance of the property market. We also present our opinion on future trends in the Melbourne market.

Please feel free to contact us if you have any questions in relation to real estate or building matters. Also, if there is a specific topic you would like covered in our next newsletter, we would like to hear from you.

You can download our latest newsletter from our newsletter archive or subscribe to our email newsletter on the home page.

Regards,

Peter

 

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