Tips to avoid missing out at auctions

It’s a competitive market and it’s incredibly disappointing to miss out a property that you’ve fallen for. We’re seeing auctions passed in each weekend and a steady increase of sales prior to auction – a sign of the competiveness out there to secure a property. We’ve shared some tips [...]

Top tips before you ‘spring’ into action

Melbourne’s residential property market has created wealth for many astute homeowners and investors in recent years with figures revealing 35 consecutive quarters of growth during the most recent cycle, representing an increase of more than 42% to the median dwelling price in Melbourne. However, the diverse landscape of Melbourne’s housing [...]

Negotiating for success when a property passes in

Despite strong demand it’s not uncommon for a portion of properties to pass in at auction. Reasons can range from poor interest in a property or unrealistic price expectations, to the timing of the auction relative to other key events, among others. Irrespective of the reason, it doesn't necessarily spell [...]

Median house prices edging closer to the magical $1 Million

Written by: Greville Pabst, Executive Chairman of WBP Group If you ask the average planner, our population is expected to reach 8 million by 2050. But, planners are usually conservative. I believe we will hit this target much quicker and Melbourne is attracting the lion’s share of migrants. We [...]

The market for property under $750k remains strong

Written by: Greville Pabst, Executive Chairman of WBP Group What is clear is that the market for property under $750k is in very strong demand amongst first home buyers. This group currently represents only 15 % of our market but government stamp duty changes and grants have made this sector [...]

By |2017-09-22T10:47:59+10:00August 30th, 2017|First homebuyer, How to, Insights with Greville Pabst|0 Comments

The home renovations that most increase your property’s value

Greville Pabst, executive chairman of WBP Property Group and judge on TV show The Block, says it's important to know your demographic and what is now expected as standard in most properties."So often the floor plan doesn't work, it's not functional and that really impacts whether the property is going [...]

Buying small can pay off big in the property game

WBP Property Group executive chairman Greville Pabst said the price growth reflected the demand for inner city land, which typically offered two-bedroom homes. “The four bedrooms are more for families and you don’t really have those in the inner city areas,Land appreciates and those two-bedroom cottages are sitting on [...]

The importance of a New Year property detox

Detoxification is a process of achieving and maintaining balance – specifically, eliminating harmful and destructive processes and practices to restore optimum vitality. While it typically refers to the physical body the same principles can also apply to property investment – think of it as a property health-check. Undertaken once each [...]

By |2017-03-30T23:37:26+10:00December 5th, 2016|Homeowner, How to|0 Comments

Renovating for a specific target market

Greville Pabst says research is the key to avoiding overcapitalisation. “Look at the market you’re in, the median house price and what renovated places are selling for. Ask ‘am I going to get this money back?’ There are plenty of examples of people doing massive renovations in outer suburbs [...]

Welcome to the holiday playground of the rich and famous – and it’s not Portsea

Buyers’ advocate Greville Pabst, of WBP Property Group, described it as a one-off trophy home, which would have been very costly to build. “The dwelling is like a MONA or a Guggenheim – unconventional,” Mr Pabst said. Read the original article here.