Selling a leased apartment and what to do

As we approach the Christmas / New Year break, apartment investment owners should plan ahead if they wish to sell their apartment with vacant possession. While some period of vacancy through a sale process is unavoidable, if you don’t plan it right you may incur a lot more lost rent due to vacancy than you…Read More→

Apartment Rent is already recovering

The recent press heralding Melbourne as the cheapest city in Australia to rent comes as no surprise given it also holds the record as the most locked down city in the world through Covid. The travel bans coupled with prolonged restrictions over 18 months has discouraged or prohibited people from coming to Melbourne and prompted many to…Read More→

The 5 rules to sell an apartment

Having a rewarding sale experience and achieving the best price depends on several things. The agent’s advice and negotiation skills. The agents access to the best buyers for your apartment. The quality of your apartment’s presentation and marketing.   There are two things that determine the financial success of buying and selling an apartment. The price…Read More→

Worst is over for Melbourne and Sydney apartment landlords

Author: Nila Sweeney of AFR The AFR has reported asking rents for Melbourne CBD apartments have dropped by as much as 32.7 per cent since the onset of COVID-19 last year – the sharpest decline across the country – but the sector is poised for a strong recovery as tenants return to the city and the…Read More→

Government step into the housing market

Last week we detailed five residential property market drivers and how they were moving through Covid. Two of them were; The availability of finance, and How much deposit someone has. Governments (or their authorities) can impact the property market with policies designed to either stimulate or dampen the market but you don’t often see two…Read More→

Why Covid impacted property prices so much

The last 18 months has seen significant changes in business, economies, education, property, social, health etc. etc. etc. Almost everything has been impacted Covid. Interestingly most markets and economies moved in the opposite direction to what was predicted. Remember the forecasts that unemployment would hit over 8% and house prices could drop by up to…Read More→

China’s apartment market up in the air

There are many global political and financial issues in play at the moment including AUKUS, Quad Alliances, Covid, the climate change 2050 agreement, and diplomacy with China who is our biggest trading partner. Far greater minds that mine will opine on how these will impact on Australia. One other issue that is being closely monitored is the potential…Read More→

Agents advise sellers but who helps Apartment Buyers?

It is interesting when buying and selling apartments, the expert adviser (real estate agent) is always acting for the seller, which begs the question… who is helping or advising the buyer? While there are great buyer agents, it can be hard to justify the additional cost, plus it’s often difficult to explain to someone exactly…Read More→

VCAT is drowning in Covid times

If you have ever had a residential leasing dispute resolved at VCAT I hope you found it easy and fair. Some find it frustrating and even disappointing. If your experience was in pre-covid times you would almost certainly have a very different experience today. This week The Age released a story about the challenges owners and renters are…Read More→

Median Unit price in lockdown

During Covid lockdowns the number of apartment sales in Melbourne and Sydney has ground to a halt which makes me wonder… what will this do to the monthly median unit price? I don’t mean what will it do to apartment values as this is a slightly different question. The median unit price is the middle price…Read More→

What is the median unit price anyway?

It is perplexing for some people selling an apartment when their value changes more or less than the median unit price. It begs the question, “What is the median unit price anyway?” Let’s come back to that … first let’s discuss a couple of brief points to set the scene. In the broader investment world,…Read More→

Apartment market set to rise

The latest JLL Apartment Market Report landed this week. Written by Senior Director, Leigh Warner and Senior Analyst, Hollee Hart, it showed some very interesting findings on the apartment market in each capital city. It highlighted the escalating construction costs nationally and confirmed new apartment completions in Melbourne will drop by more than half after 2021 and remain flat…Read More→

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