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

Editorial

Your Buyers' Advocate Newsletter Editorial (Issue 12)

Hello and welcome to our six monthly newsletter. The quality sector of the Melbourne property market has remarkably increased in value in the midst of the international financial crisis. Six months ago we saw signs of a recovery at the lower end. The upper end of the market is now also showing renewed buoyancy.

As mentioned in our previous newsletter we have introduced property management to our service offering. I believe we have definite added value benefits to offer all landlords. These benefits are set out in this edition. I encourage all landlords to contact me to discuss how we can maximize the return on their investment. Being a boutique firm I guarantee all property owners a high level of personal service.

I have recently have been amazed at some of the ridiculous statements and conclusions made by statisticians and economists in relation to property markets. It is incorrect to make generalizations about the performance of a property market in a major city.  I explain why I believe these people are out of touch with reality. The penetration of water into a building structure accounts for 70 to 80 per cent of building faults. Buyers need to be aware of the long term destructive nature of water if correct waterproofing techniques haven’t been adhered to in both new and established buildings. I explain this very important topic further in this edition.

There are many misconceptions in relation to purchasing investment property. Not making the optimum choice will result in substantial amounts of lost capital growth. I provide my top ten mistakes that buyers make when purchasing investment property. As usual, in this edition we include our regular articles, Legal Chat by Andrew Padanyi and Market Snapshot. Andrew explains the information provided in a vendors statement. Buyers often sign contracts without fully understanding the information provided.  Understanding this document is a crucial part of the buying process. 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.

 

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