Peter Rogozik Property Consulting: Your Buyers Advocate - Connecting People and Property
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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.
Level 27, 525 Collins Street
PO Box 23406
Tel: 03 9689 9080
Helping Property Buyers
It'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.
How we do it?
Peter Rogozik Property Consulting manages:
The practice of selling agents deliberately and substantially underquoting the likely selling price of an auction property will never be eradicated. This strategy has been implemented for the purpose of attracting buyers to inspect a property and potentially become involved in the bidding process. In essence it is based on deception similar to bait advertising. A buyer is lured in to inspect a property after being advised of a likely selling price that is well below current market value and/or the vendor's reserve price.
Purchasing 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.
One 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.
Over 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.
As 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.
Being 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.
Our 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.
The 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 News
Licensed plumbing and electrical practitioners self-certify their work by issuing consumers with compliance certificates. Issuing a compliance certificate means the practitioner certifies that their work complies with all relevant regulatory requirements. Only licensed plumbing and electrical practitioners may issue compliance certificates.
As the Melbourne real estate market continues to improve we will see the re-emergence of the professional renovator. This is a real estate beast that goes into hibernation when markets are subdued.
Before purchasing a property it is important to make sure that previous owners have obtained appropriate permits for any additions or improvements.
The concept of the "hot suburb" is false and flawed. This gives buyers the impression that purchasing in these suburbs automatically results in exceptional capital growth. In reality nothing could be further from the truth.
The quality real estate investment segment is that tiny portion of residential property that will double in value every seven to 10 years. At any one time, these properties represent less than 5% of properties on the market. There are many attributes that constitute a quality investment property. At the top of the list is the old real estate cliché: location, location, location. A prime location where demand substantially outstrips supply is paramount.
Who would like to purchase a house in inner Melbourne for one thousand dollars? Welcome to the world of sale by the Sheriff. There is an old saying “if something sounds too good to be true then it generally is”. This saying certainly applies when it comes to moneymaking schemes.
The recent changes to concessions for first home buyers will cost jobs in Victoria and contribute to an increase in inflation. The state government has ceased the first home buyer’s bonus for the purchase of new properties and continued with general stamp duty reductions for all first home buyers.
Carbon monoxide poisoning from faulty gas appliances has killed nine Victorians in the past decade. The main causes of these deaths have been faulty or badly maintained gas heaters. It has become known as the silent killer, as carbon monoxide gas can't be seen and does not have a smell.
Heritage Overlay: places of heritage significance can be protected by a Heritage Overlay. Heritage Overlays are contained within local council planning schemes and assist in protecting the heritage of a municipality. These overlays require a planning permit for buildings and works.
After a subdued 2011 where auction clearance rates struggled to reach 55%, so far in 2012 the Melbourne market has achieved clearance rates averaging 60%. The Melbourne market is now in a balanced state.
The current rules regarding safety requirements for backyard fishponds and water features in Victoria are a disaster waiting to happen.
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.
Over 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 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.
The 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.
Hello and welcome to our Peter Rogozik Property Consulting six-monthly newsletter. In the next few weeks we will be releasing a new website. The aim of this website will be to better communicate our services and points of difference to prospective clients. We will also provide property buyers with information and articles that tackle the difficult issues of the day.
Peter Rogozik Property Consulting in the media
Peter Rogozik has been featured on "The 7 PM Project", the hit television show "Hot Property" and " A Current Affair".
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