Rewarding Property Decisions with Jarrod McCabe of Wakelin Property Advisory

The Wakelin Property Report 2024 - Focus on Melbourne's rental market

Melbourne’s surging rental market is just one of the five pivotal factors poised to shape property investment in 2024. These insights are explored in this year’s Wakelin Property Report, offering strategic keys to leverage each trend for successful investment outcomes.

Rebecca Berry, Partner and Head of Property Management at Belle Property St Kilda & Brighton, lends her knowledge to the report as one of its expert contributors. 

Rebecca joined Jarrod in detailed conversation, sharing her valuable perspectives and strategies to maximise benefits from Melbourne's booming rental demand.

Strategies for Melbourne's surging rental market

Melbourne’s rental market is running hot. Early 2024 has seen huge numbers at open for inspections, leading to significant rent increases for owners. 

This surge, while typical from mid-January to mid-March, has been intensified by an exceptionally low vacancy rate and lack of supply, creating a unique window for investors to seek premium rental rates.

Wakelin Property Advisor, Jordan Telfer, joins Jarrod to look at the dynamics and strategies at play, so investors can capitalise on the strong demand to optimise returns.

The 'Best of' Summer Series: What to inspect at an open for inspection

We've been highlighting our most popular Rewarding Property Decisions episodes over the summer break.  Taking out the number one position is our episode "What to inspect at an open for inspection." 

 

As the market warm ups after some quiet months, listings begin to increase for what is typically a busy selling season.

 

That obviously increases opportunities for buyers, but it also multiplies the number of properties they’ll need to inspect. That can be difficult to manage, especially when several open for inspections for promising homes are being held on the same day.

 

The key to prevent wasting time and missed opportunities is being able to inspect properties both efficiently and diligently. 

 

Jarrod pinpoints what to look for at open for inspections.

The ’Best of’ Summer Series: Is a holiday home a good investment?

While we're away on our summer break, we're sharing with you our most popular Rewarding Property Decisions episodes, receiving the highest number of downloads. 

Coming in at number two is our episode "Is a holiday home a good investment?" - perfect timing, given the season.

 

We often receive enquiries at this time of year from clients considering purchasing a holiday home, upon dreamily returning from their summer breaks.

Given this, it’s easy for would-be buyers to fall into the trap of making a hasty, excitable decision that they may later come to regret.

Jarrod and Richard talk through the major considerations buyers should weigh up before deciding to take the plunge.

The ’Best of’ Summer Series: Melbourne Apartments - over vs under capitalising

While we're enjoying a break over the Australian summer, we thought we’d share with you our most popular Rewarding Property Decisions episodes, receiving the highest number of downloads. 

 

Coming in at number three is our episode "Melbourne apartments: under vs over capitalising." 

 

Jarrod was joined by Jordan Telfer to look at how to get the most from your apartment investment.  It's important to get the balance right. Too much money spent on the wrong apartment can lead to over capitalisation and wasting money, while not enough can result in under capitalisation and missed opportunities.

How did the property market perform this Spring?

While most people have their eyes firmly fixed towards the festive season and holiday break once we tick over into December, it’s a useful time to look back on the Spring property market that has just passed, to gather some takeaways and learnings.

This Spring lacked the intensity and hype of some previous years, but was still marked with some notable discussion points, robust market activity, and interesting trends.

Jarrod McCabe explores the unique characteristics of Spring 2023, so we can gain crucial insights to help navigate and capitalise on future market cycles.

Top 3 factors that influence Melbourne’s property prices

With Jarrod's background in valuations, he has always been fascinated by property price movements. Particularly the complex interplay of factors influencing their directions, both up and down.

Over the years, he's determined that the main drivers can be grouped into three major categories – the general economy, the property market, and the property itself. 

Jarrod explores these categories and how they might be impacting your property investments. 

Managing FOMO and FOBO when buying property

Buying a property is one of the biggest decisions of your lifetime.  There’s a multitude of crucial practical and financial considerations to navigate prior to purchasing a property.

But what about the psychological perspective? It’s often overlooked, but it’s a critical aspect to consider when you’re on the hunt for a property.

Over the years, we've found two main mental barriers that trip-up property buyers, and can lead to poor purchasing outcomes.

Both were coined by venture capitalist, Patrick McGinnis in a paper he wrote at Harvard Business School - FOMO (the fear of missing out) and FOBO (the fear of better options).

Jarrod looks at how you can avoid FOMO and FOBO pitfalls when you’re in the market.

Buy property now or wait until the new year?

As Spring selling season heads further into November, Jarrod and Wakelin’s Property Team Manager, Brenton Potter explore whether it's better to jump in and buy property now, or hold off until market activity picks up in the new year.

The shifts and trends shaping Melbourne’s Spring property market

While every Spring sees Melbourne’s property market activity intensify, each year’s selling season has particular dynamics shaping the state of play between buyers and sellers.

Jarrod spoke to one of Melbourne's leading real estate agents, Stuart Evans, Director of Marshall White in Boroondara about the shifts and trends impacting Melbourne’s 2023 Spring market.

Understand the key issues to optimise your purchasing and selling decisions this Spring.