Newsletter - Inner Circle February 2025
Inner Circle
February 2025
Welcome to Inner Circle for 2025!
As Australians head back to the office and lap up the last days of summer,
let’s take a look at what is happening in the world of real estate.
Market.
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 to median values.
Rents continued to grow in January, up 0.4 per cent across Australia, but we will have a far 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/4jFxmBp
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/3YZsuhG
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
Agent: “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.
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Go forth and prosper !
Kind Regards
Miriam Sandkuhler
CEO, Accredited Property Investment Advisor
Buyer and Vendor Advocate, Author of Property Prosperity
e: miriam@propertymavens.com.au
p: 03) 9988 2266
The Jewell
Suite 209/566 St Kilda Rd
Melbourne VIC 3004
www.propertymavens.com.au
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