Market snapshot- February 2019

Your Buyers Advocate Newsletter The Melbourne market is currently at the bottom of a cycle. During these times quality investment grade property becomes easily identifiable. These are the properties that attract multiple bidders at auctions. Properties that don’t meet this performance indicator are invariably not investment grade.   During these downturns properties that are situated…

Smoke and mirrors

Marketing photos taken with wide angle lenses combined with undersized and strategically placed display furniture to make rooms appear larger. Artificial lighting to make rooms appear brighter. Newly painted walls and architraves to hide what could be rising damp. Sensual aromas from plug in diffusers greeting you at the entrance. Welcome to the world of…

The buyer’s deposit

Releasing a deposit to the seller prior to settlement is always risky. If a deposit is released prior to settlement the purchaser is deemed to have accepted title. On signing of the contracts many selling agents will attempt to get the buyer to sign what is known as a Section 27 release of deposit statement.…

The Block – you would have to be a block head to buy one – for investment

Your Buyers Advocate Newsletter It has been reported that over two million Australians own residential investment property. The quality of many people’s retirement is tied to having made an astute property selection.It is therefore important that powerful media outlets provide accurate and balanced commentary on the property industry. The popular Australian television show known as…