Rewarding Property Decisions with Jarrod McCabe of Wakelin Property Advisory

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.

When is it necessary to pay a premium for property?

We’re now entering the heart of Melbourne’s Spring property market – when buyer competition is usually at its most fierce.

This upward shift can often wrong foot buyers, who fail to meet the market and resist paying a necessary premium for quality properties.

What often unfolds can be a painful, but an all too common scenario.

The market races away. High-quality properties, once within their price range, move out of reach – leaving them on the sidelines or having to settle for something lesser.

No one wants to pay a premium for property, but sometimes it's an imperative.  

Jarrod looks at the What, Why, When and How when considering whether you should pay a premium for a property.

Why is the rental crisis so hard to solve?

As cost of living pressures escalate, home ownership becomes increasingly challenging, and the rental supply dwindles, fierce political, social, and industry debate has intensified – unfairly pitting renters against property investors.

While at Wakelin, we don't claim to have all the answers, we do aim to cut through the emotions and rhetoric to offer practical and pragmatic insight. 

Jarrod McCabe is joined by Wakelin Property Advisor, Jordan Telfer to discuss why private investors play an important role in addressing the rental supply shortage.

How to ruin a sales campaign: 6 mistakes that sink property prices

Melbourne’s Spring property season is upon us and many vendors will be gearing-up for their sales campaigns.  It’s typically a time when market activity is at its most lively and buyers are out in force - so often it’s a good time to sell for vendors.

But, even in the most frenzied of Spring markets, a badly run sales campaign can see the strongest of properties fall flat. 

Jarrod uncovers 6 common mistakes that can ruin sales campaigns and sink property prices, to ensure your listing shines and delivers its optimum sales price. 

If, when and how to renovate your investment property

Interest rates, uncertain market dynamics and the initial specter of rental caps have seen many investors left pondering the future viability of their property investments.

Some of the questions we’ve been fielding include whether to retain or sell a property. If the decision is to sell, what renovations are worthwhile? Likewise, if they continue to hold, what works need to be carried out for rentals and longer term capital growth?

Jarrod looks at considerations that should be taken into account when deciding if, when and how to renovate your property, from both a sales and rental perspective.

Reminiscing with Richard: ’Time in’ the market, not ’timing’ the market is key

Time is an important resource within property investment, just as it is throughout all aspects of our life.

In the third edition of our Reminiscing with Richard series, Jarrod and Richard explain why the key to successful property investment is all about time spent in the market, rather than getting caught up trying to time the market. 

Time is such a valuable and irreplaceable resource. Using it wisely has a profound impact on how you create financial independence and security for the future.

From auctions to off-markets: the best method to sell your property

One of the most important decisions when planning a sales campaign is deciding on the method of sale. 

Jarrod McCabe looks at the most typical methods, from auctions through to off-market sales. What’s the best approach for you when it comes time to sell your property?

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Getting ahead of Melbourne’s property market recovery

There are strong signals that the property market is moving into recovery mode, and a lot sooner than many people were anticipating at the start of the year.

CoreLogic’s national Home Value Index (HVI) is 1.0% higher over the past three months, indicating that the housing market has moved through an inflection point after the sharp declines of 2022.

In Melbourne, prices in some of the city's more expensive suburbs have been rising, which is pertinent, given historically a lift in affluent areas signals a broader market shift is afoot.

Jarrod looks at what’s driving the recovery and how investors should approach the period ahead.

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