A recap and wrap-up of property in 2017

The year is quickly coming to an end and with less than three weeks until Christmas, we take a look back at the property market in 2017. Looking back at 2017 It has been an interesting year in the property market for many reasons. Rising prices have continued to [...]

By | 2017-12-06T08:46:47+00:00 December 6th, 2017|Buying a property, Homeowner, How to, Investment|0 Comments

Shortlisting properties and coming up with a plan to avoid disappointment

Buying a property is very time consuming and you can spend hours on various property sites, looking for your next house to either live or invest in. Once you have found a house or apartment you find interesting with the attributes you’re looking for, it is imperative to spend [...]

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 [...]

The Psychology of Buying Property

We all know the mind works in funny ways but when it comes to buying property it can seem outright whacky. Here's a list of some of the strangest habits when it comes to property and the psychology behind them. Sensory sensitivity colours emotions Our perception is derived from the [...]

By | 2017-10-11T14:05:14+00:00 October 11th, 2017|Buying a property, First homebuyer, Investment|0 Comments

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 [...]

Street art is driving up home values in edgy inner city suburbs

Property valuation experts say that the growing number of street artworks appearing on inner city homes, inspired by the likes of celebrated English graffiti artist Banksy, have boosted property prices due to the increased foot traffic and interest the murals generate. Greville Pabst, director of property valuers WBP Group, [...]

When less is more – 1 bedroom or 2?

Units or apartments are a popular choice for a growing number of Australian property investors, namely, because units provide more affordable entry into the marketplace than their counterpart, houses. When comparing REIV’s current Melbourne median house price of $725,000 with the unit price of $538,000, the choice for many investors [...]

By | 2017-03-27T04:16:19+00:00 October 3rd, 2016|Investment|0 Comments

Biggest mistakes made when negotiating property

When buying a property, deciding how much to offer can seem tricky. There are many factors to consider, not to mention there’s often disconnect between what the seller expects, what you’re willing to pay and the actual market value of the property. To reduce the confusion here’s five strategic tips [...]

By | 2017-03-30T23:37:00+00:00 September 19th, 2016|Buying a property, How to, Investment|0 Comments