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 278 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 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:
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Your Buyers Advocate NewsRestumpingI have always been amazed at the amount of substandard restumping jobs that are carried out. Until recently anyone could pick up a hammer and call themselves a restumper. Again I have always found this incredible as restumping is such an important part of the building process. The quality of workmanship of the sub floor and foundations will impact on the entire building. Over the years I have seen many cases of floors not leveled properly, incorrect spacing of stumps, not enough stumps inserted, footings incorrectly constructed, ant caps missing and substantial amounts of rubble left in the sub floor. All this leads to costly repair jobs in the future. Legal Chat - By Andrew Padanyi B.A., LL.B.It is common for a purchaser of land to nominate an additional or substitute purchaser to complete the purchase at settlement. This usually arises where the person who signed the contract as purchaser wants to add their spouse or another family member. Alternatively, the named purchaser might prefer to complete the purchase in the name of a company for investment reasons. At present, the only restrictions are that the words "and/or nominee" must be used in the particulars of the contract, and the nomination must be made at least 14 days before settlement. Property Management ReviewI have experienced the strength of the Melbourne rental market first hand. With the advent of our property management department we have rented out a number of properties within 10 kilometers of the CBD over the past 6 months. I have been amazed at the amount of high quality tenant applications submitted. It is very reassuring to investors knowing that their properties will not remain vacant for an extended period of time. Blue chip inner urban properties will always perform well from a capital growth perspective this in turn leads to regular rental increases. Rents across Melbourne, especially inner Melbourne, have skyrocketed over the last 18 months. 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. Market Snapshot - Oct 2008Over the previous 2 months the Melbourne property market has again gathered momentum as the upward movement in interest rates has come to an end. The start of 2008 saw a general price reduction of between 5 and 10 per cent after last years record price increase. Once again we are seeing multiple bidders at quality property auctions. Quality properties are attracting a lot of interest while other properties are taking longer to sell. These conditions are symptomatic of normal market conditions. Market Snapshot - May 2008The Melbourne property market has returned to a more sensible and sustainable level of activity in 2008. Last year will go down in real estate history as experiencing the sharpest price rise in a year ever seen. The upward movement occurred between February and November. The upward price movement was excessive and hence so far this year we have experienced a slight downward correction. We are in my view now back to normal market conditions. Consecutive interest rate rises have certainly had their effect on the level of demand. Last year quality property was attracting 3 or 4 bidders, this year that number has been reduced to 1 or 2. Australian Property MarketHouse prices across Australia increased in every capital city over the last 12 months to June with the exception of Sydney. In the June quarter all capitals increased except Perth. Median prices in all capital cities except Sydney are now at their highest point ever. Over the last 5 years every capital city has experienced a significant upward movement in price over a period of between 12 months to 3 years. Why such a healthy market? Quite simply the Australian economy has experienced an unprecedented 17 years of continuous positive GDP growth. Auction FiascoMelbourne is the auction capital of the world. I personally believe it is an overused method of selling a property. Before choosing the best method of marketing a property a number of important determinants need to be assessed before a correct choice is made. The current state of the market, likely level of demand for the property and a vendor's time frame are some factors that need to be examined before a decision is made. Feature ArticlesIs 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. EditorialYour Buyers' Advocate Newsletter Editorial (Issue 10)Hello and welcome to our six monthly newsletter. The Melbourne property market is once again on the move forward. Last year we saw an unprecedented phenomenal price increase followed by a correction downwards by approximately 10% in the first half of 2008. Since the announcement of the reduction in interest rates in the second half of this year the Melbourne market has noticeably increased in activity. The quality segment of the market is almost at the same price point as it was when the market peaked in November of 2007.
Peter Rogozik Property Consulting in the mediaPeter Rogozik has been featured on the hit television show "Hot Property" and " A Current Affair" (view the video clip here) and in the press. Read about Peter Rogozik Property Consulting in the media
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