Happy New Year – January 2015 Market Outlook

Welcome and happy new year. We had a strong finish to 2014 with many great purchase results across Melbourne for our clients.

2015 has started to be just as successful, by securing some purchase opportunities with many properties that remained on the market as private sale over the festive season due to passing in at auction late in 2014 or just not achieving the desired results for the Vendors that become motivated to accept reasonable price offers early in January.

Now that most Vendors and Buyers have returned from holidays and after the Australia Day weekend, one could say that the official year will commence in the real estate market. We expect to see more property be placed on the market for sale, which will increase opportunities and negotiation options for Buyers.

Choosing a Buyer’s Agent with the right attitude and your best interests at heart is an important process.

We are happy to meet with Buyers seeking some advice and wishing to obtain a consultation relating to their needs and our services in the constantly improving and competitive Melbourne Real Estate Market.

Whether you are seeking to buy a property as an investment or to occupy, we have the experience and skills to deliver a great result in your purchasing experience.

An overview of the December 2014 period for Melbourne – The World’s Most Liveable City:

  • Melbourne’s median house price remains solid in December quarter

    Melbourne’s housing market remained solid in the final quarter of 2014, with the city’s median house price of $669,000 up five per cent on the September quarter.

    Prices increased in inner, middle and outer suburbs, in the latest REIV quarterly results released today.

    “Inner Melbourne increased by 11.7 per cent for the year with middle Melbourne up by
    13.2 per cent and outer Melbourne at 8.9 per cent,” REIV Chief Executive Officer Enzo Raimondo said today.

    The December quarter median house price in regional Victoria was $344,000, up 5.5 per cent on September.

    “The data shows the regional market’s increasing strength: a year ago the house price of
    $320, 500 was a new record. In 2012 it was just $302,000,” he said.

  • Supportive information source: REIV Monthly Research December Quarter – published January 2015

    Category: General
    Posted by: Mark

    Choosing the right Buyer’s Agency Team:


    LOCAL HERO CHAMPIONS THE ISSUES IN THE LOCAL PROPERTY MARKET


    Imagine attending auction after auction – and never being successful.

    Imagine having your property ‘bought’ by someone who then can’t deliver the finance required.


    Even the Australian Bureaus of Statistics acknowledge that the exact numbers of foreign investors in the local residential property market can’t be accurately measured but one thing is clear – foreign investors are adding a new level of confusion to the property market in Australia’s biggest capital cities.

    In the Melbourne market, the influx of foreign investment has pushed prices up – out of the reach of many ‘average’ Australians looking for a foot in the door.

    With today’s buyers and vendors battling in an increasingly confusing market, Master Advocates is your solution.


    When you choose to use vendor or buyer advocacy services from Master Advocates, you choose a stress-free approach to your property needs – helping local families cut through the current confusion to access local properties.

    And the team at Master Advocates understand determination.

    Husband and wife team, Mark & Michelle Errichiello are the driving force behind Master Advocate’s daily operations and they have overcome their own personal obstacles to help other Australians overcome theirs.


    In 2007, when an out of control car veered onto the footpath and hit Michelle, the accident resulted in the amputation of her leg – and the interruption of her real estate career.


    Her rehabilitation has been triumphant and, since learning to run again, Michelle competed for Athletics Essendon, was an Australian Institute of Sport Athletics Scholarship holder and represented Australia at the 2012 London Paralympic Games, competing in the 100m T42 Sprint Final and finishing 5th in the World.

    Michelle’s return to Melbourne real estate is just as triumphant – bringing her determination and inspiration to Melbourne Advocates to help you achieve your best possible property outcome.


    For more information about www.masteradvocates.com.au, contact Mark or Michelle: 61 3 9379 1919; info@masteradvocates.com.au

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