Newsletter - Inner Circle September 2024

Inner Circle

Market news - signs of an upturn multiply.

Melbourne’s property market has clicked into gear at the start of the busy spring period. 

Last week, the auction clearance rate hit 77% off the back of strong volumes of properties listed for sale.

In June, data shows approved renovations Australia-wide hit an all-time record of $1.17 billion. Victorian region Point Nepean led the nation to a record of $12.8 billion worth of renovations over the past year.

Australia’s biggest home builder, Melbourne-based Metricon, reported a 60% surge in customer deposits heralding an upturn in housing construction. 

So, what’s driving the turnaround? 

In part, it’s a seasonal lift that usually boosts the market in spring. But more importantly, investors are looking ahead and seeing falling interest rates over the next year leading to a property renaissance.

While the ramifications of increased property taxes and changes to short-term accommodation rules are still playing out, we expect to see the market bounce into 2025 in good spirits.

In the News!

Up to a third of all real estate sales take place between August and November. Family homes in particular take advantage of the blooming gardens and lift in mood that better weather brings. 

If you want to understand the factors driving this year’s spring market, take a look at  Miriam Sandkuhler's latest API Magazine article: bit.ly/4fy5psZ

Property Mavens recognised at Australian Achiever Awards.

Our dedication to service excellence and communication with clients sets us apart. 

At this year’s Australian Achiever Awards, winning Mavens include Anjay Zazulak who won the NSW prize for customer service, and Michael Kimbel and Miriam Sandkuhler who scored above 98% and were highly recommended.

We're proud of our team's hard work and we're excited to continue providing outstanding support to our clients.

Starting with the right suburb can make all the difference.

In 2023, we picked out some areas to for investors to concentrate on if they we interested in buying units. So how are these travelling?

Caulfield North saw a 12.7% increase, while Prahran and Brunswick West followed closely with 9.0% and 8.8% growth respectively.

Even Doncaster (6.3%) and Brunswick (4.5%) showed solid gains. In contrast, the Melbourne metro average barely moved at 0.3%. 

Of course, picking the right suburb is only one step in a good investment plan but these results demonstrate how important it is to match different data sources with a deep understanding of the market’s dynamics.  

Next time you're considering an apartment for investment, talk to us for expert advice that delivers results.

Why you need a Property Maven to help you buy an investment property.

Anitya was looking to purchase an investment property within a specific budget but was a little lost when it came to where or what to buy. So, she engaged Miriam Sandkuhler of Property Mavens to help.  

After reviewing her budget, Miriam recommended Anitya consider a low-maintenance property with potential for capital growth and a strong rental yield.

We were able to successfully purchase this fantastic property in Ballarat $30,000 less than vendors asking price. 

It has delivered Anitya rising rental income and is well positioned for growth. 

Why you need a Vendors Advocate.

The time had come to sell the family home but the market was tough and Athena wanted to make sure she got the right result in a slow moving market.

But Athena was a little wary of the real estate selling process and wanted some reassurance that she could get a good price.  

She contacted Property Mavens and Miriam got right to work. 

We set up a process to  interview and select the agent best suited her needs, negotiating the price and terms of the agreement. We then advised her on best marketing strategy.

At the end of the campaign, our process found the right buyer and the negotiated price came in at the vendors reserve, a great result for this owner. 

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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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.

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