As we approach the end of the financial year, the real estate market in the month of June has experienced some great results for vendors selling their property, while equally buyers in the market have achieved great results too.
In the city of Melbourne, Master Advocates have secured and purchased property within 10 to 15 km’s from the CBD, including the surrounding suburbs, on behalf of our clients that should prove to be rewarding. Purchases that have been estimated to achieve strong capital growth between 8% and 10% pa with rental yields between 3% and 5% pa.
When seeking a property to occupy or as an investment, it is always important to take a careful and a well-thought-out methodology comparing and considering potential capital growth and rental yields.
Higher demands not only boosts capital growth and rental returns but also provides the opportunity for re-sale and accessing equity in the property for future purchase of investments or lifestyle goals.
Imagine attending auction after auction – and never being successful. In the Melbourne market, there are a many factors that are contributing to rising prices and difficulty in navigating the right property for the right price.
Some of these factors are due to the influx of foreign investment, which has pushed prices up – out of the reach of many ‘average’ Australians looking for a foot in the door.
Other factors are current bank interest rates continuing to remain at a historically low rate.
When selecting and negotiating the right property you may want to consider enlisting the services of an experienced buyers agent and an ongoing property management team to take care of your individual needs.
With today’s buyers and vendors battling in an increasingly confusing market, Master Advocates is your solution for expert advice and a stress-free solution.
Our aim is for you to “Experience A Better Way”®. We always strive to not only meet your needs but to exceed them.
For more information about www.masteradvocates.com.au, contact Mark or Michelle: +61 3 9379 1919; +61 408 988 118; info@masteradvocates.com.au
| Saturday 13th June 2015 – A clearance rate of 80 per cent was recorded this weekend compared to 72 per cent last weekend and 70 per cent this weekend last year. There were 766 auctions reported to the REIV today, with 611 selling and 155 being passed in, 67 of those on a vendor bid. The 2015 auction market hit a peak in May, with 5,000 auctions held – more than any other month this year. The May clearance rate, at 79 per cent, was also well ahead of May 2014 , when it was 71 per cent. | |||||||||||
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A Great New Way For Our Investors/Landlords And Tenants To Communicate With Us
Master Advocates recommends a new application to better assist investors/ landlords and tenants.
If you have not already registered or received our invitation to join the app communication service, please contact our office and we will re-send the invitation to you.
Here is some more information about the application:
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Supportive information sources: REIV in association with Master Advocates – Real Estate Services – published June 2015
