Staying the same is going backwards. 24/09/12

Sometimes you have to take time away from cutting deals and building portfolios and do a little something for yourself. That Philosophy lead me to Sydney this weekend for the 2012 Tough Mudder competition. A 20 kilometre run littered with obstacles like fire and ice baths, and huge jumps into ponds, and crawls through tunnels. Not to mention the two rounds of 10,000 volt electric shocks and what can only be best described as a crawl through a ...

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Let’s Deal…. 17/09/12

Like most people who are up with it all, I subscribe to a lot of social media and newsletters that I tend to read throughout the week. For the most part there is always some nugget of information buried in a load of opinion, and if you are happy to mine for it the results are worthwhile. It’s the one percent-ers that make all the difference between success and the not so successful in real estate, and indeed in life. Whilst reading throug...

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Don’t get so emotional! 10/09/12

Now that’ easier said than done.  We spend a lot of time now days talking about research and statistics. As buyers we are taught to look at comparative sales data, area vacancy rates, rental returns for similar properties, infrastructure investment by local councils, unemployment and earning demographics, amongst millions of other pieces of information. These are relevant when making a purchase, and form part of a smart homebuyer or inve...

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Perfect time to upgrade! 09/09/12

Property owners are now taking full advantage and cashing in on the slowdown of the Melbourne property market.  The current conditions have seen that the median price of a house in Melbourne has fallen by 5.3% to $535,000 over the 12 months to june. What this has triggered is a confidence in home owners looking to trade up as there is no longer a short fall in premium or quality properties like we saw earlier on this year. With there being...

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Flip for Big Cash? Simple as 1,2,3… 03/09/12

I was having coffee again this week with some associates that I do a little work for from time to time and the discussion of market rate for a particular unit size in a particular area came up. Now, as a buyer’s advocate, my idea of what something is worth and what a selling agent thinks its worth are two very different things. I tend to build market instability and urgent resale options in to a price where they will talk about demonstrated ...

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Why do people use buyer’s advocates? Can’t they just buy their own place? 27/08/12

In short the answer to this question is yes. A simple answer for a simple question. Is the question that simple though? Let’s face it, for the most part it’s an accepted practice that when you are ready to go out and buy property, you head out in to the market place and target the things you want to buy. You compete against others that want to buy the same thing, and when you eventually strike a deal you get someone to lend you some mon...

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Fixed interest rates at lowest point since the GFC 23/08/12

A recent study has shown that fixed interest rates are now at the lowest point since the Global Financial Crisis. Since July this year, 46 major lenders, including the big four have lowered their 3 year fixed loan rate. With that being said it is no wonder many more property buyers are now opting to secure a fixed rate, especially seeing as several lenders have now slashed their fixed rates by between 30 and 40 basis points with the average...

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3 Key Negotiation tips. 19/08/12

A lot of people that write for magazines and blogs in this industry are all about wealth creation and making money whilst trading in property. I suppose for the most part that’s what I do as well, however I see myself more as a negotiator and a deal maker than a property portfolio planner. Sure, I am happy to guide you through the fundamentals of property accumulation and the “hows” and “whys” when it comes to property selection and ...

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Know the rules, then break them.. 13/08/12

This week I think it’s time for a strategy to make some good money and secure a great deal. A lot of the things I have written recently have been about understanding the limitations placed on buyers and sellers in the property market place. These limitations tend to guide us through what makes a good buy and what we should look to avoid. It’s what I would consider the rules of buying right. Things like, location, transport, size, fit ou...

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To get a building and pest inspection or not? 13/08/12

When buying property one of the most common conditions that buyers place on a contact of sale is the “subject to building and pest inspection”. This clause will allow the purchaser to pull out of the contract if the they are not satisfied with the structural integrity of the building or if the building is infested and / or has been infested by pests in the past. I believe that the services offered by building and pest inspectors are a w...

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