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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.

Find how Peter Rogozik Property Consultants can help you

How we do it?

Peter Rogozik Property Consulting manages:

• Property searches
• Property evaluation
• Property Management
• Advice from in-house lawyer
• Auction bidding and private sale negotiation
• Development advice
• Sourcing rental properties for tenants
• Co-ordinating pre-purchase building reports
• Property refurbishment
• Property Investor Seminars
• Investment analysis

Read more about our complete range of services for buyers and renters

Feature Articles

Urban Planning System in Disarray

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.  
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Melbourne: a City of Real Estate Segments

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.  
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Passionate About the Buyer

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.  
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All Aboard the Capital Growth Express

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.  
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Amazing Results - selecting the best investment property for capital growth

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. 
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Property Management - Why Choose Us

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. 
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Your Buyers Advocate News

Melbourne Property Market Snapshot July 2011

As 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. 
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The Absurdity of Vendor Advocacy

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. 
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The Brand Myth

Making 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.  
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What the Internet Means for Buyers and Sellers

The 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.  
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Recipe for Disaster

There 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. 
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Beware Self Managed Super Funds

Residential 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. 
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Too Little too Late

Handouts 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.  
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Foreign Investment Debacle

The 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. 
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Building Clause Beware

The 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. 
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Specification Specific

When 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. 
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Their Property your Land Tax

Victoria's current land tax regulations for residential property is not a fair system and is in need of change. A buyer is liable to pay land tax on a property purchase based on the land holding of the vendor. We have the farcical situation where the amount of land tax the buyer pays is based not on their own situation but on another person's property portfolio. 
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Wrong, Wrong and Wrong

It's surprising how many times inaccurate information is conveyed to buyers of real estate by selling agents. Without proper independent research this can potentially lead to a bad buying decision. An example of this is a situation I encountered at an open for inspection for the sale of an apartment recently. 
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Is Your Advocate 100% Independent?

As property consultants we have always prided ourselves on being totally independent. We are not aligned to any particular selling agent, property developer or any other group where a conflict of interest could arise. When we search for properties on behalf of our clients the whole marketplace is examined. Our clients can be assured that we will submit properties that best suits their individual needs without fear or favour to anybody. A growing trend amongst buyer's advocates is to advertise their services on the websites of selling agents. In this situation I believe these buyers advocates are setting themselves up for a conflict of interest. Will they favor that particular selling agent when submitting properties to clients? What about a situation where they are negotiating the purchase of a property that is listed with that particular selling agent. Because the selling agent has allowed them to advertise on their web site, are they going to go soft on them with negotiation? I believe there is potential for a conflict of interest. 
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Top Ten Real Estate Mistakes

Below are the top ten errors that buyers make when purchasing residential property for investment purposes. 
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Beware of Statisticians who don’t attend auctions.

You can rarely make generalizations about property markets in major cities. Unfortunately many statisticians are prone to such errors. Generalizations about property markets are based on the incorrect premise that all properties perform the same from a capital growth perspective. Unfortunately most statisticians who are not in regular contact with buyers and sellers or attend auctions regularly make incorrect observations. 
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Editorial

Your Buyers' Advocate Newsletter Editorial (Issue 16)

The Melbourne property market has continued its subdued state this year. The good news for investors is that the quality segment, which represents only around 5% of properties on the market at any one time, continues its upward price spiral even though the remainder of the market continues to flounder. The quality segment has always remained buoyant even through the diabolical recession of the early nineties and the dark days of the global financial crisis. 
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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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