Victoria’s tentative roadmap out of COVID-19 lockdowns, and the advent of one-on-one inspections, are set to revive property market activity. However, those preparing to buy or sell in the coming months, will need to adapt to shifting operating and market dynamics.
Fear of missing out (FOMO) amid strong market demand once lockdowns ease means buyers may gloss over potential red flags that must be identified and evaluated before purchasing a property. Learn how to carry out the necessary due diligence to avoid common pitfalls that can risk upending a successful property investment strategy.
When COVID-19 restrictions eventually ease, we can expect a fast rising market, just as we saw following last year’s protracted lockdown in Melbourne. How do you accurately assess a property's value in a rising market to ensure you capitalise on key investment opportunities.
Residential property investment is a business venture and requires a rational and objective state of mind. Unfortunately, given the aspirational nature of property, emotions often bleed into investment decisions. Understand the fundamentals of selecting an investment property that will deliver long term capital growth and robust rental yields.
Strong market demand has seen the perennial debate over underquoting rear its head again.
Buyers say vendor reserve prices are not conveyed transparently, while agents argue purchasers don’t disclose their top price limits. Understanding how to navigate these competing elements will ensure property investors spot pitfalls and maximise opportunities.
Winter is certainly upon us in Melbourne, which typically sees many people’s property investment activity head into hibernation. However, savvy investors looking to transact property must remain attentive, especially this winter, which has seen an unusually large amount of market activity through the typically quieter period.
Understanding the characteristics and idiosyncrasies of a particular suburb, and how that plays into broader market expectations and demand is critical when investing in property. Each suburb is governed by differing buyer expectations and guiding rules, meaning a dwelling type that may be attractive within inner Melbourne, may be much less so in the middle suburban ring.
COVID-19 is likely to be an ongoing threat until vaccination numbers increase, which means snap lockdowns remain an unwelcome potential in the months to come. Property investment decisions must remain agile and pragmatic to ensure you navigate through potential pitfalls, while capitalising on the opportunities times of uncertainty often present.
A functional and aesthetically pleasing floorplan is a key attribute of a high growth property asset. It’s vital to understand the most common types of floor plan on the market and how they rate within the buying market more broadly; so you can judge their inherent pros and cons, as well as future investment potential.
The iconic and unique characteristics heritage homes can offer, often result in strong demand, and in turn can make for a fantastic long term investment. However, there are often costly and time consuming obligations buyers must agree to when purchasing, so it pays to know the pros and cons before buying.