Newsletter - Inner Circle May 2024

Inner Circle

Market News 

Over the last 12 months, Sydney recorded growth of 8.7%, Melbourne 2.8% while Perth was the standout with growth of 21.1%.

Across Australia,  the lower value range of the market is recording stronger growth than the top quartile.

Regional city prices are now growing with centres like Albury-Wodonga, Geelong and Ballarat performing well. 

This week, Melbourne's auction numbers topped 1,000 for the first time in six weeks, with 1,048 homes going under the hammer.

In our view, Melbourne is the standout opportunity for buyers this year with 3-bedroom homes in the eastern suburbs under $900,000 the sweet spot.  

PropTrack research shows Melbourne’s eastern suburbs are the hardest place in Australia to find a rental, underlining their potential for solid yield growth.

Melbourne suburbs to watch.

As we power through the autumn market, certain suburbs are emerging as hotspots to watch. 

For houses, it’s Ascot Vale, Hampton East, East Kew and Box Hill North capturing our attention.

For 2-bedroom units, it’s Elwood, Port Melbourne, Hawthorn West and Middle Park we have our eye on.

For 1-bedroom units, it’s South Yarra, Carlton North, Brunswick and Northcote showing promising potential. 

In the news.

Property Mavens CEO Miriam Sandkuhler shares her thoughts on the Melbourne market and its trajectory in this month’s API Magazine. 

She provides valuable perspectives on market trends and emerging opportunities, guiding our clients towards informed decisions.

Read more here: bit.ly/4bqXGtU

Philbert and Wini came to Property Mavens for help in finding and buying a high-performing investment property to continue growing their Melbourne portfolio.

Their strategy was to leverage a property’s capital growth to generate equity and book a solid rental return over the long-term.

Property Mavens identified this low-maintenance, A-grade house with strong tenant appeal and all the right attributes for growth.

After some intense negotiations, we managed to buy this home exclusively  off-market for $20,000 less than the vendors’ asking price.

Hayley and Alex approached Property Mavens looking to buy a regional property to capitalise on the equity they had built up in their current property.

We determined their best strategy was to identify a property where they could add value through a cosmetic renovation to capitalise on its long term capital growth potential. 

Property Maven, Anjay Zazulak identified this home through his relationships with local agents which had been on market for a while. After a bit of back and forth, he was able to secure it below the initial asking price and the agent’s market appraisal. 

“10/10 Anjay and the team at Property Mavens are the REAL DEAL. Absolutely cannot recommend Anjay highly enough to anyone considering to use a buyers agent for their investment properties. We were at first, highly skeptical of what value would be achieved. But Anjay showed commitment to excellence, high standards, and clearly having our best interests at heart at every single step of the way”

Pip had been speaking to a number of buyer advocates for her next property investment purchase but decided on Property Mavens based on our approach. 

Pip had a tight budget of $500,000 which required a low maintenance Albury home which would achieve a reasonable return. 

Anjay Zazulak managed to secure this property, which was initially listed for $550,000, by negotiating a discreet and quick sale off market for $500,000.

10/10 I switched to Property Mavens following a poor experience with another buyer agent group. Anjay has great local knowledge, good connections and is well respected in the Albury area. Within five days, he had three potential options on the table. He navigated me through the entire process, with clear and transparent communications. The whole process was smooth and stress free. For purchasers in Albury and surrounding areas, I would absolutely recommend Anjay.

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.

Sign Up to our Inner Circle Newsletter here. 

Pay it forward ...

If you found this useful and know someone else who may enjoy it too, we'd love you to pay it forward by sharing it. 

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 

Follow us