Search results

I’d call it property-level variation for now. A 43-day marketing period means little without knowing what actually completed and what quietly disappeared. Compare recent sale prices with the original and final asking prices, then count withdrawn units separately. If only unrenovated stock is...

If it meets your needs and remains manageable after allowing for higher costs, waiting specifically for a crash is market timing. But “affordable now” needs stress-testing, not just lender approval. I’d also want recent sold results for genuinely comparable coastal homes—not asking prices—and...

The management arrangement is the missing fact. “Expected rent” can mean guaranteed monthly rent, projected owner income before operator deductions, or gross guest revenue. Those are very different propositions. Ask for a complete reconciliation showing what reaches the owner after management...

How many new listings entered while you were measuring those 26 days? If one neighbourhood had a burst of fresh stock, older properties may look unusually stale simply because buyers gained alternatives. The typical age alone misses that competition.

I would provisionally hold 15%, with the ability to move closer to 20% until the intrusive investigation and electrical assessment are complete. That is a planning allowance, not a Santiago rule. Ask whether the quote includes opening and reinstating walls, replacement of concealed pipework...

I work around the Melbourne property market and keep seeing the same problem: buyers and sellers understand each individual step, but not how pricing, negotiation, finance and the different professionals fit together. I’m opening this thread for practical transaction questions, including...

That helps. I was treating the larger repair reserve as if it covered both internal work and shared-building surprises, which is probably too blunt. I’ll separate owners corporation fees, possible levies, insurance, council/water charges and any applicable land tax, then test the rent evidence...

Build a small comparison sheet by development or a very tight surrounding area. Include original ask, latest ask, first and latest listing dates, sold price where available, condition, bedrooms, parking and service charges. Keep withdrawn properties in a separate column rather than treating them...

I’d give more weight to verified ability to cover the rent and a consistent payment history than to a single credit result. References are useful only when you ask specific questions: rent paid on time, notice handled properly, and any unresolved damage or maintenance issues. Is the proposed...

Are you considering a country home as your main residence, a weekend property or an investment? That changes what information matters. For an investment you would need to model management and holding costs; for your own home, commuting, maintenance and renovation tolerance may carry more weight...

If the A$10,190 monthly rent proves optimistic, the apparent return changes quickly enough to make the purchase unattractive. I am reviewing a 4-bed Melbourne condo at A$1,786,000, which produces a headline gross yield of about 6.8% at that rent. The figure is appealing, but I do not want a...

A simple property-by-property table would help: first date seen, original ask, current ask, price-cut date, condition, building, withdrawn or sold, and completed-sale price where available. Add new listings weekly rather than relying on one snapshot. You should soon see whether supply is...

Also avoid assuming every building-related comment belongs in your personal repair bucket. Clarify who is expected to address it and whether any wider work is already being discussed. Until that is clear, keep the uncertainty visible rather than quietly reallocating the money to furniture.

For each inspection item, ask three things: must it be done before moving in, what happens if it waits, and can someone price it now? That prevents cosmetic comments in a long report from consuming the same reserve as water, electrical or access issues that may need prompt attention.