oc | Thursday 23rd January

Market News » Assess


Barb Gregory of Hocking Stuart

Barb Gregory of Hocking Stuart
Barb Gregory is a legend within Brighton for her ability to get strong prices on good homes for her vendors. There doesn’t seem to be anybody she doesn’t know and, when combined with Hocking Stuart’s Peter Kennett at auction, they form a pair similar to “caught Marsh bowled Lillee” of  1970s [...]
Lunch With Grant Rheuben, Reputable Mortgage Broker

Lunch With Grant Rheuben, Reputable Mortgage Broker

Going outside my usual architecture role, I was having lunch with Grant Rheuben (a reputable mortgage broker 0423 834 067) and he raised some interesting points, as he usually does. I’ve kept these points fairly succinct, as our market news is not about complicated economic matters, but more about what is really [...]
The WOW Factor

The WOW Factor

In smart real estate investing, we look at three major components – position, property (land and building) and price. However there is another factor that is not as black and white and that we call the “Wow” factor. The “Wow” factor is what attracts people to a certain property. It assesses the [...]
How to Buy the Right Property

How to Buy the Right Property

Our Fundamentals Buying the right property is a science. And an art. There are a lot of factors which affect whether or not you get a good deal when buying property. For those who love the Art vs Science arguments, let’s say there is an art to finding, matching and negotiating a property. That is [...]
Dealing with Stress and Emotion

Dealing with Stress and Emotion

Some of our tips to reduce stress and emotion when buying property: Counteract inexperience and buy in some expertise. It’s not that you shouldn’t use Dad or Uncle Ben – they just don’t probably understand in the same way what your needs are. Hire a buyer advocate or an experienced valuer. Spend some money to [...]
Dealing with Agents and Auctions

Dealing with Agents and Auctions

What are you going to do this weekend on a pass in or a vendor’s bid? In 2009 the rules & strategies have changed. Don’t miss out, don’t pay too much. Many buyers turn up to an auction with little planning having been done, other than “I think I will bid up to …” or [...]
New Skills Required for Expressions of Interest and Range Private Sales – The BLIND AUCTION

New Skills Required for Expressions of Interest and Range Private Sales – The BLIND AUCTION

The New Game in Town – Best Offer in buy 6.00 pm on Deadline Day. No Rules – Written or Otherwise No Guidelines from REIV or Law What Price – When is enough actually enough – when is it too much? The Buyers Dilemma – Are you trying to buy [...]
Managing Risk

Managing Risk

Property is Like Any Other Investment – It Can Go Up as Well as Down. Not buying can actually be a bigger risk than buying – but evidence shows that if you buy well your risk is dramatically reduced. We love buying properties and have made a great deal of money by buying the [...]
It is all about Price, Property and Position

It is all about Price, Property and Position

Today, Saturday the 25th, was the second-hardest auction day of the year, whether you were a buyer or seller. The last Saturday in November will be the toughest, as higher stock levels will be coupled with large amounts of unsold homes left over from the early 2008 and earlier Spring campaigns [...]
9 Barnsbury Balwyn, 1 Salisbury Canterbury and 160 The Avenue Parkville

9 Barnsbury Balwyn, 1 Salisbury Canterbury and 160 The Avenue Parkville

Three really grand offerings on the market. If you had around $10 million which would you buy?  In other words how do they compare? We rated this property 771/1000 this one 756/1000 and this one 408/1000 First and foremost buying any property well is about going through a process. Clarifying Your Needs Find – [...]
There continues to be very little quality stock offered in the million dollar plus end of the market as sellers who have had the sell (ie must meet the market) have sold.

There continues to be very little quality stock offered in the million dollar plus end of the market as sellers who have had the sell (ie must meet the market) have sold.

The significant drop in prices during March and April forced many potential buyers and sellers to re-evaluate their needs. Those reassessments resulted in inaction now being evidenced by the small numbers the market is seeing on offer. Winter is traditionally a quieter time, we all feel like [...]
Situation One: A tale of three properties in two markets – pre-Xmas 2007 and post-Easter 2008

Situation One: A tale of three properties in two markets – pre-Xmas 2007 and post-Easter 2008

24 Seymour Grove Brighton This property sold on one side of the street (south-facing and no good for sunshine) for $2.92 million in December 2007. We assessed at land value only. Date: Dec 2007 Landsize: 974sqm Price: $2.92 million 29 Seymour Grove Brighton Date: April 2008 Landsize: 1014sqm Price: $2.16 million This property sold this weekend for [...]
What are you going to do at AUCTION on a PASS IN or VENDOR BID?

What are you going to do at AUCTION on a PASS IN or VENDOR BID?

Many buyers turn up to an auction with little planning having been done, other than “I think I will bid up to …” or plan B “I will see what others do”. If you want to spend all your money in this market that, as a general rule, has shifted downwards between 5 and 20% in [...]
What are you going to do at AUCTION on a PASS IN or VENDOR BID?

What are you going to do at AUCTION on a PASS IN or VENDOR BID?

Many buyers turn up to an auction with little planning having been done, other than “I think I will bid up to” or plan B “I will see what others do”. If you want to spend all your money in this market that, as a general rule, has shifted [...]
A tale of three properties in two markets.

A tale of three properties in two markets.

Pre Xmas 2007 and Post Easter 2008 24 Seymour Grove Brighton This property sold on one side of the street (south and no good for sunshine) for $2,920,000 in December 2007. We assessed at land value only. Date: Dec 2007 Landsize: 974sqm Price: 2,920,000 29 Seymour Grove Brighton This property sold this weekend for [...]

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