Newsletter - Inner Circle July 2024

Inner Circle

THE YEAR AHEAD

Let’s start with some positive news. The property market has four big advantages which should make the next year or two advantageous for property owners.

 • Tax cuts for Australians begin on July 1, with the average single person gaining $2,131 per year
 • Overseas buyers are returning to Australia, injecting more activity into the market 
 • Interest rates are predicted to fall by 0.75% this financial year
 • The First Home Guarantee, allowing first-home buyers to purchase with a deposit as low as 5%, will continue for another year. 

These collectively signal a favourable outlook for the property market. 

That’s great because at the moment, the markets in Sydney and Melbourne are struggling with interest rates, recording growth of just 2.6% and -0.4% year to date, respectively. 

While the other three mainland capitals are doing better, their runaway growth rate is slowing. 

The other interesting theme is that the best growth in Melbourne is in areas with the highest prices (the top 25%) while in Sydney, it’s areas with the lowest prices (bottom 25%).

In the news.

Borderless investors are all the rage this year (if you believe the headlines). 

Unfortunately, many of those investing on the other side of the country are relying on the word of a newly minted buyer's agent or the latest data set from a website.

Property Maven's CEO Miriam Sandkuhler takes a look at borderless investors in this API article: bit.ly/3xTHe7k

Henrique was seeking a low-maintenance property with potential for capital growth, so he engaged our team to help. 

After a few weeks, Miriam Sandkuhler was able to purchase this property with strong capital growth potential and great cashflow for $10,000 less than the vendors’ asking price. 

We also successfully negotiated for a $2,500 rebate at settlement to deal with some building issues 

10/10 Buying my first investment property with Property Mavens was an incredible experience. The whole process ran smoothly, with excellent communication and regular updates. I'm extremely happy with their services and would highly recommend them to anyone looking to invest in real estate. 
 

Nikki and Mathew were first-time investors and were considering purchasing an investment in the suburb they lived in. Thankfully their accountant suggested they have a chat with a buyers advocate and they engaged Property Mavens.

We were able to show them an alternative that would provide a better growth prospects and a higher yield. 

Michael Kimbel worked with their accountant and mortgage broker to secure this well placed Bendigo investment grade property with high tax offsets within two weeks.

10/10 Michael Kimbel was able to secure us a great investment property in a short timeframe. From the first point of contact he worked hard for us and kept us informed the whole way. We are very grateful for his expertise!

Property Mavens had just helped Shelly and Simon for the third time by finding and securing their dream home. 

Now they needed to sell their home and decided to leverage our expertise price!

As Vendor Advocate, Miriam Sandkuhler helped Shelley and Simon select a solid local agent and advised on a go-to-market strategy. 

We received three strong offers in a soft regional market and ended up selling their home for $30,000 above their reserve price.

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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Giving back..

At Property Mavens we choose to give back to help create social change within our business model. If you use our buyers or vendor advocacy services, you will be helping to make a positive impact within the local and wider community.

Property Mavens - Smart Property Buying 

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