Newsletter - Inner Circle January 2025
Inner Circle
Market news
Hello everyone and welcome to 2025!
To usher in the New Year, I thought we could take a quick look back at 2024.
While the media was filled with lots of negative stories about property, our team managed to snap up many investment grade assets, some of them already showing healthy returns.
We also helped scores of clients sell their properties in a tough market by selecting the right agents and helping them set up a winning marketing strategy. Here are Property Mavens Greatest Hits of 2024!
We had a limited budget of $500,000 to find a property with good capital growth and a rental return of 4.5% - 5%. We secured this low maintenance, set-and-forget property $35,000 under market value for just $480,000 utilising Anjay Zazulak’s relationships with the local agents
Current Value (Dec 2024): $515,000
Rental Return: 5.3%
“Anjay was great from the get go, able to present an off market opportunity within a week of the engagement. We were able to settle within a month at a great price.”
Yield hungry Melbourne investor, Tara
Tara engaged Property Mavens to find a yield driven investment which would also generate capital growth over the long term.
We found this one bedroom, one study beauty in the inner Melbourne suburb of Richmond. This was a classic “looming Christmas Holidays” purchase where otherwise good properties get abandoned by the market. After lengthy negotiations
we secured it for just $440,000.
Purchased: $45,000 under market value and the vendor's reserve
Rental Income Stunning yield of 6.5% yield p.a.
Homebuyer, eastern suburbs.
Caitie was unfamiliar with Melbourne’s eastern suburbs and as a busy professional, needed some help.
She engaged Michael Kimbel who found a home which met the investment grade standard in one of her preferred suburbs.
We were able to secure it for her within her budget, despite some heavy competition on the day.
“Working with Michael was a breeze! His professionalism, market knowledge, and efficiency made the entire process seamless. I snagged a great deal under budget.”
Wodonga purchaser, Quan.
We discovered this property a bit above this investors initial range which had been on the market for some time, offered a canny investor an opportunity to maximise value.
Anjay Zazulak secured this low maintenance house $60,000 below its initial asking price at $613,500 with a tenant paying $690 per week.
Current Value (Dec 2024): $690,000
Yield (purchase price): 5.85%
“Anjay is pleasant to talk to and he gets the job done! His negotiation skill is incredible and he got me a deal that took me a while to believe was legitimate. I would come back and recommend him for sure.”
First home buyer, Andrew.
Andrew was nervous! He engaged Property Mavens to help him after spending a lot of unsuccessful search time.
Michael Kimbel took the time to understand what Andrew was looking for. Thanks to some strong agent relationships, we obtained off market access this property and secured it for $17,000 less than a unit with same floor plan in the same complex received at auction just weeks before.
Ballarat first home buyer, Adelaide
Adelaide wanted to buy her first home in Ballarat but felt a little unsure and wanted the reassuring help of a property insider.
Miriam met with Adelaide, helped her refine her requirements then set to work. We found and bought this gorgeous investment-grade home in a great section of Ballarat
Purchased: $25,000 under vendors reserve and bank valuation
Negotiated: $1,200 of repairs at vendor’s expense
“Miriam is a fantastic buyers agent; professional, a great negotiator and communicated everything throughout the process.”
Albury purchasers, Scott & Lisa.
We came across this block of seven units: 4 x 1-bed and 3 x 2-bed units. We were able to buy this complex off market for $1,125,000 and then renovate all the units and individually strata title them for a total cost of $275,000.
Current Value (Dec 2024): $2,070,000
Rental Return: 9.21%
10/10 Anjay is a fantastic and professional buyers agent. We've greatly appreciated his expertise and advice in the negotiation process.
Vendor Advocacy, Springvale South
Ian and family had to sell their late mother’s home but they were not familiar with the agents in the area.
They engaged Michael Kimbel from Property Mavens. We selected and interviewed a number of agents to assess who was the most likely to generate an outstanding result.
Marketing campaign Generated strong interest in the property
Auction result Sold $140,000 above anticipated price.
Vendors Advocacy, Karen.
We had just bought Karen a new home, and she wanted to sell her home via a stress-free, professional experience - with a great result.
We helped her select the best local agent and advised her on the right marketing campaign.
In a tough market we negotiated a great sale before auction.
Marketing campaign Generated good interest from qualified buyers
Auction result Sold $90,000 above the vendors reserve
“10/10 I am so glad I had Miriam in my corner! She was my buyers agent for a recent home purchase, and also my vendor advocate for a home sale. I especially valued her expertise, her advice, and her guidance. I would not have had the knowledge to manage these two complex transactions without her. I appreciated her objective assessment of the home I purchased (and the one we considered before that) and her advice on what was worth spending on to bring my current home to market. I achieved a better price that I might have expected in this market, and her negotiation skills in both the purchase and sale were critical. I always had confidence she was acting in my interest and with an understanding of what was important to me. I cannot imagine making any home transaction without her”
As professional property buyers we know the difference between a bad property and a good one, where to buy to generate the strongest returns, how to buy to secure the best result, and what properties are really worth, to ensure our clients don’t pay too much. If you want similar results, click here to book a time with us to discuss your requirements. It’s 100% obligation free.
Go Forth and Prosper !
Miriam Sandkuhler
CEO
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If you want to invest or buy the right home for your budget, or sell your property click here to book a time, or call us for a chat about securing your financial independence.
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