Newsletter - Inner Circle April 2024

Inner Circle

Market News 

After being led by the upper quartile most of last year, the strongest growth conditions have migrated to the lower quartile in Melbourne, Sydney and most capital cities.  

Across all capital cities, lower quartile home values increased 3.1% in the first quarter of this year compared with a 0.7% rise across the upper quartile. 

We’re also starting to see some rebound in regional city prices. Geelong’s middle and upper price levels in particular are showing some strong results this autumn. 

The other interesting trend to emerge this year is a jump in new homes sales. The volume of new home sales through the first quarter of the year is 9.5% higher than the same time last year. 

Rents continue to perform strongly although we do expect the rates of growth to mediate somewhat this year. 

PropTrack research shows Melbourne’s eastern suburbs are the hardest place in Australia to find a rental.  The cities of Whitehorse, Knox, Yarra Ranges, Maroondah and Manningham had a vacancy rate of just 0.5% in March.

In the news.

Australia’s governments are in agreement: the age of suburban sprawl is over and to cope with a growing population, cities need to build up, 

Property Mavens Miriam Sandkuhler takes a look at the push for urban consolidation and what effect will it have on property prices in this article published by Australian Property Investor Magazine: bit.ly/43UT0do

Simon and Shelley had used Property Mavens twice before to help them buy property. 

Now they wanted to upgrade their regional home and while they had found a good candidate, they wanted an industry insider to negotiate with the selling agents on their behalf. 

They used Property Mavens Assess and Negotiate service.  

After some testy negotiations, we were able to successfully purchase this country home for them $75,000 under vendors price.

10/10  This is the third time we have used Miriam and her team to purchase a property and we could not be happier with the result. Her advice has saved us thousands. I truly believe her negotiating skills allowed us to get our dream home far cheaper than if we engaged with the seller directly. Can highly recommend and we will be using her again.

This long-established client, Miranda wanted to sell her investment property and needed our expertise.

The timing wasn’t great for Miranda as the market was slow and so she enlisted our help. We helped Miranda select the right selling agent, and worked with him to deal with an alarmist building report and to reach into the local networks to help generate greater interest on auction day.

The strategy worked as we were able to sell the investment property right after the auction in a fickle market.
10/10 I have worked with Property Mavens 5 times to buy my home and investment properties. It was a fantastic experience dealing with Miriam, and the expert sales agent she recommended. Her strategy to deal with an alarmist building report and estimated $22k repair costs saved the day and saved me $21k as a result. 

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

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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