There is a landlord exodus underway in Melbourne right now, and what you should do may feel counter-intuitive. In all our decades operating in Melbourne’s luxury property market, we haven’t seen this many clients off-loading investment properties at the same time. It’s in response to years of...
Following major rental law changes introduced by the Victorian Government in 2021, a new round of reforms will come into effect on 25 November. There’s been plenty of commentary about the additional requirements placed on property owners and agents, and while the changes are significant,...
Managing rental rolls has never been more challenging. Since COVID, many experienced property managers have left the industry, and staff turnover remains a headache for agencies. Add in constant legislative and taxation changes — with more on the way — and rent roll management is...
In today’s market, we’re seeing a trend that doesn’t quite add up: investors selling assets that are poised to increase in value. Right now, we’re at the bottom of a rising market and the data suggests it may be worth holding on. According to Judo Bank’s...
The New Wave of Buyers: Who’s Jumping Back In There’s a quiet confidence creeping back into Melbourne’s property market, and investors are noticing. Interestingly, many of them aren’t even here. We’re seeing a wave of expat interest out of Singapore, Hong Kong and Dubai, with buyers...
It’s time to stop playing it cool in property. Gone are the days of casually watching the market and waiting to make your move. In today’s property climate, it doesn’t pay to play it cool — in fact, it could cost you the home you’ve been...
Expressions of Interest (EOI) campaigns are a common tool in real estate, especially when the buyer pool is limited. They’re designed to get the best possible price for a property by keeping buyers in the dark about their competition. But if you don’t know how...
With house prices now starting to increase, and renewed confidence in the market, buyers and sellers who sat on the sidelines last year may now be realising they’ve missed the lowest point of the market. Which begs the question – is now a good time to...
Underquoting to return as the market shifts If history has taught us anything, it’s that when the property market starts to shift, so does the strategy agents employ—and underquoting is about to make a big comeback. With an interest rate cut just confirmed, buyers were already starting...
The start of 2025 is expected to reflect the subdued market seen in late 2024, with the potential for a slight decline in property values during the first half of the year. A reduction in the cash rate could serve as a turning point, driving increased...