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May 2017 - The Block is a reality TV series on the Nine Network that follows four couples competing against one another to renovate and auction off properties. If there's anything that property buyers and property investors can get from the TV series, it’s an insight to the reality of what goes on in renovating and developing properties.
May 2017 - Buying property is an investment decision that should not be taken lightly. It requires an all-encompassing amount of research and decision making before a selection is finalised. And with close to every property being widely marketed to the public, it is important that investors carefully weed through the ‘glamorous’ advertising and the associated promises in order to make a wise property investment decision.
Building a property portfolio requires careful assessment of many factors related to aspects such as market conditions, financial requirements, the economic outlook, historical data and individual property analysis. Your personal goals, plans and risk tolerance should also be considered.
Welcome to the latest news from the Property Mavens team. Melbourne has the best odds for growth in 2017. Fresh off a weekend with very strong auction results, it’s clear demand for property in Melbourne is unwavering. Saturday was reportedly a record day for February auction volumes, and according to CoreLogic the preliminary clearance rate was 79%, up from 75.7% the week prior.
While the idea of buying your first investment property in Melbourne may be exciting, it brings with it a level of complexity and stress that you may not foresee. There’s much more involved than simply signing your name on the contract. The process can be overwhelming, especially for one who lacks knowledge about the entire process.
Welcome to Inner Circle - your inside look at the Victorian property market. To date, 2015 has proven a standout year for investors and homeowners alike with the Melbourne market recording gains of around 11% for houses and about half that for apartments. But a closer look reveals that all properties are not equal with some breakaway performances by specific property types in certain locations.
Welcome to the latest news from the Property Mavens team. This weekend more than 1750 auctions are scheduled in Melbourne following on from five weekends where clearance rates have been below the 70% mark. This reduction in clearance rates is fairly normal at the end of the spring selling season; however it comes at a time when Melbourne is seeing a historically high number of properties on the market. That is resulting in a rise of unsold property on the market - an unprecedented window of opportunity for buyers.
Welcome to 2016! The first look at the market in 2016 shows Melbourne is travelling just fine thanks very much; in fact it’s performing a lot better than many expected. The first two Saturdays with a reasonable number of auctions saw clearance rates over the critical 75% mark. CoreLogic numbers show Melbourne taking over from Sydney as the nation’s best performer, with 11% growth for the year to the end of January. It’s pretty clear to see why. With a gap of $300,000 between the median house prices, our office is fielding more enquires from interstate investors who see better value and growth prospects here in Melbourne.
Welcome to the latest news from the Property Mavens team. All the talk this week is around Scott Morrison’s first budget, the debate on the merits of negative gearing, and the economy, which is puffing along at a below par rate with plenty of mixed signals to say the least. Yet despite the negativity which pervades our TV screens and newspapers, in the world of real estate, Melbourne is performing strongly while Sydney seems to be slowing. Auction clearances have averaged around 75% in Melbourne this year – and most importantly, this rate holds up even when we see big volumes of properties hit the market.
Welcome to the latest news from the Property Mavens team. There’s one thing which has really stood out this year – the amount of interest we are receiving from Sydney investors keen to get in to the Melbourne market. Partly that is due to Melbourne’s more affordable property prices - around 30% lower than Sydney – delivering greater scope for growth. Sydney investors have also clued in to the fact that Melbourne’s performance is more consistent - delivering better outcomes over the last decade.
Welcome to the latest news from the Property Mavens team. It’s official - the market is booming. Strong demand and limited stock has led to boom conditions in spring - just as we predicted. To help our clients and friends figure out how best to prosper through property, Property Mavens has teamed up with specialist accounting group MW Partners to present a special event next week.
Welcome to the latest news from the Property Mavens team. Melbourne has the best odds for growth in 2017. Fresh off a weekend with very strong auction results, it’s clear demand for property in Melbourne is unwavering. Saturday was reportedly a record day for February auction volumes, and according to CoreLogic the preliminary clearance rate was 79%, up from 75.7% the week prior.
