Market snapshot – October 2020

Unlike the share market, the Melbourne property market does not have a history of volatility. However the last 12 months has been an exception. Throughout its history the Melbourne property market has shown slow but consistent positive capital growth. Investment grade properties i.e. properties in blue chip locations with scarce and unique features have lead…

Editorial

The buyer advocacy profession is desperately in need of a regulatory framework. It is up to the Real Estate Institute of Victoria and the Estate Agents Council to initiate change.If past performance is anything to go by, positive initiatives are unlikely to occur. The service of buyer advocacy started in Australia about 25 years ago.…

The building report

There are several different types of building reports available to property buyers. It is important that buyers commission the report that best fits the type of property they are considering. The most common report requested by residential buyers is the pre-purchase building and pest inspection report. This report is useful when buying an established class…