The REIV 2011 December quarter median prices confirm that house and unit prices remained relatively stable over the quarter.  Median house prices $550,000.00 - 1.9% up from September quarter.  Transaction numbers on houses were significantly lower than for the same time the previous year.  I would suggest that if you are thinking of buying, now is a very good time as there is little competition as purchases are down.

Unit prices for the quarter were up 1.1% to a median of $455,000.00.

With the introduction of overseas banks bringing in low interest rates, this is bound to bring more people in to the market, taking advantage of low interest rates.  This will increase the amount of purchasers in the market, which will inevitably lead to an increase in prices.

See JMAC Property for the best performing suburbs and information on rental returns for any suburb.

As I have mentioned now is a tremendous time to be buying. Competition is low and stocks high. Take advantage of our NEW statistical analysis of any suburb in Australia. Gives rental returns and demands, suburb trends and demand for buyers. The information is critical for negotiation as we will know demand versus supply, plus expected return on investment. Please phone for information regarding the NEW statistics. Puts you in the drivers seat — take advantage!

The best performing suburbs for the June To September Quarter are:

Balwyn——————– 24.2%

Deer Park—————–11.1%

Brighton East————-10.1%

Newport——————7.9%

Glen Waverley————6.5%

Wyndham Vale———–6.1%

Boronia——————5.1%

Narre Warren South—–3.8%

COMMRECIAL INVESTMENTS   OFFICES

Collins Street Victoria Harbour

4 Levels of office building. Buy now off the plan and save on stamp duty. Approx finish date October 2113.

Prices range from $350,000 to $850,000

Genuine investment opportunity.

We all now know it is a buyers market, it is a fantastic time to be negotiating.

If you are interested in Point Cook email me now as there are some terrific buys to be had!

See you at stand 78 at the show. We will be promoting our three tier services with a special prize of free appraisals for buyers.

Apartment 2007

1 Bed plus study

89sqm—- $785,000

Apartment 1507

2 Bed 2Bath

146sqm—- 1.2 Million

Save $60,000 on stamp duty plus $30,000 furniture package on apartment 1507

If you have found or are looking for a property to buy, but you are unsure of its true worth in this declining market, we are offering appraisals of your prospective property within 24 hours. 

Recently I had the experience where a client had found a property but was not confident of the accuracy of its listed value of $1.25 million – $ 1.3 million. As the market is currently in decline and the property had been on the market for some months, I advised my client to put in an offer of $1.1 million, based on comparable sales and chart trends in said suburb. 

 I told him the number one priority was to have his housing finance arranged and a cheque ready for a 10% deposit.  Money talks.

We were told $1.1 million was too low however the vendor was happy to accept an offer at $1.15 million, which in turn we were happy to accept.

The comparable sales in the area and trend charts for the area put us in a very strong position to negotiate.  We knew a price reduction of up to $100,000 was possible.  

Both vendor and purchaser were very happy with the result.

Our charge for this service

$195.00 covers a printed report, and inspection of the property. 

Pricing for more than 1 appraisal will be negotiated.

As professional negotiators, we can do the negotiating on your behalf for an arranged fee.  We see this as the best possible way to get price reductions on your favoured property.