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The challenge with buying property in a rising market is to keep pace with the market and to and adjust your buying strategy accordingly, and if necessary, quickly. It’s not helped by the fact that in Victoria, when selling agents recommend the auction method to their vendors, the campaign inevitably starts off with either no disclosed price or bait pricing. This is where the campaign pricing starts low and then increases each week according to ‘buyer’ feedback.
Many years ago now, before I even worked in the finance world, I was a property investor and I was looking for someone that could give me advice around that and also how my properties fit into my overall plan. After going to a couple of Financial Planners I realised they weren’t able to help me with my full financial picture including properties, and didn’t share my excitement around investing in property. If anything, they tried to talk me out of it. Back to the current day, and more property purchases later, Profolio is here, and aims to fill the gap in the market property investors have been screaming out for. Your team of experts are the most important people in your financial life. This includes your Accountant, Lawyer, Mortgage Broker, Financial Planner, and of course Buyers Agent. You need to ensure your team is working together and working towards the same common goal; supporting you. You need to be very selective when building your team and ensure you choose professiona
As little girls growing up, we have all seen the Disney animated fairy tales where the prince rescues the commoner and falls in love, or the Hollywood movie ‘happy ever after’ endings. As women, we have been conditioned from a very young age by the media, the entertainment industry and even our families to assume we will meet our dream man (or woman), settle down and maybe even have children. And of course, we will live happily ever after…
May 2017 - Buying property is an investment decision that should not be taken lightly. It requires an all-encompassing amount of research and decision making before a selection is finalised. And with close to every property being widely marketed to the public, it is important that investors carefully weed through the ‘glamorous’ advertising and the associated promises in order to make a wise property investment decision.
May 2017 - The Block is a reality TV series on the Nine Network that follows four couples competing against one another to renovate and auction off properties. If there's anything that property buyers and property investors can get from the TV series, it’s an insight to the reality of what goes on in renovating and developing properties.
June 2017 - You’ve prepped the house, you’ve enlisted a property agent, your house has been photographed, and the advertising campaign is in full swing. Everything is going as planned and you’re feeling confident. Then, come auction day, you don’t receive any bids. After your initial confidence, this is likely to leave you feeling very disheartened.
Property Maven’s CEO Miriam Sandkuhler took some time to give her professional opinions on the trends in property investing in Australia for 2018. While she warns that she does not have a crystal ball she can say with certainty that what she is “forecasting won’t change unless there's an independent (or combination of) substantial adjustments to economic performance, employment, or interest rates escalating.”
Buyers are being urged to be careful when buying at auction or putting forward pre- auction offers. We are seeing scary things on the ground at auction and before auction and feel that many buyers are naive to the high risks they are taking.
The number of properties for sale is building as tree changers and sea-changers put suburban houses on the market to fund their lifestyle move.
Here’s to 2022! We’re excited to welcome in a new year, and we hope this one will be better for all, especially Melbournians!
Regional Victoria was the big winner of 2021 PROPERTY data from the big year we experienced in 2021 is flowing in, with regional Victoria found to have reached record highs.
Melbourne will be Australia’s biggest city Melbourne is set to overtake Sydney as Australia’s biggest city by 2030 at just over 5.9 million people, with the Centre for Population Growth expecting Victoria’s capital to be the fastest growing in Australia from 2023-24 as overseas migration returns.