Newsletter - Inner Circle February 2025
Inner Circle
Market POISED.
House prices remained stable across the country with small retreats in values in some cities while other cities and most regions booked small increases.
Melbourne, Canberra and Sydney were down for the month of January while Perth lost its crown as the fastest growing city to Adelaide over the last three months.
According to Dr Eliza Owen of CoreLogic, Melbourne "… is firmly a buyers' market.
That's also reflected in ABS lending data which shows the biggest share of first home buyer finance is going to property purchases in Victoria."
At Property Mavens, we firmly believe that Melbourne is best positioned to reap the rewards of any interest rate drops this year.
Slowing price growth in the back half of 2024 was driven by more homes being listed for sale resulting in small declines in median values.
CoreLogic – all dwellings 31 January 2025
Rents continued to grow in January, up 0.4 per cent across Australia,
but we will have a better idea of how they’re shaping after the busy
February-March letting period is over.
In The Media.
Albury Maven, Anjay Zazulak has a client featured in this month’s API magazine. It’s the story of how Anjay helped Scott and Lisa buy a block of seven units off market, then renovate and individually strata title all the units for a complex that now returns 9.21%! : bit.ly/3Q3LjLS
For those wondering if 2025 is the year to invest, Property Mavens CEO Miriam Sandkuhler takes a look at the key events most likely to shape the market’s fortunes: bit.ly/40XGU3o
Why you need a buyers agent in regional Victoria.
Gary had a limited budget of $500,000 to find an Albury-Wodonga property with good capital growth and a rental return of 4.5% - 5%.
Anjay Zazulak’s managed to secure this low maintenance, set-and-forget property $35,000 under market value for just $480,000 utilising his 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.”
Why you need a Vendor Advocate.
Diana wanted to sell her long-term home and achieve the best sales price in the shortest time.
After detailed interviews, Property Mavens guided Diana in selecting a real estate agent who demonstrated they had the capability to maximise the sales price.
Within three days of listing and marketing to the agent’s client base, we were able to put several offers in front of the client before clinching a sale within a week of listing.
Negotiated price: $35,000 over the vendor’s expectations
Martin Mintoff, Ray White: “Michael Kimbel was a pleasure to deal with throughout the campaign. He prepared the property for sale to ensure a smooth process with all works completed prior, staging and more allowing for me as the real estate agent to sell the home for the client at a maximum price.
I would highly recommend Michael Kimbel to any Vendor looking to sell and would happily work with him again in the future.
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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