That’s a wrap on an unforgettable year that was 2020. We were certainly grateful to our family, friends and clients, all coming through and closer than before, a year that put everything that was most important in perspective and value on love, health and happiness as the most important wealth and riches that one could ask for in this world.
We want to take this opportunity to thank you all for your loyalty and wishing a safe festive season and holiday period, an Abundance and an Amazing 2021
Real Estate News Melbourne – New Beginnings Post Covid19
The market in Victoria has certainly rebounded with number of properties listed out of our recent lockdown, November to December 2019 being the strongest clearance rates experienced since March 2020 and number of listings hitting the market increasing week on week. More choices and property to inspect. Equally there has been new buyers competing, strong demand sub $1m between investors, first home buyers and owner occupiers. Days on market are shorter than this time last year 30 to 60 days, prices exceeding vendor reserve price expectations and at fair value based on long term buy and hold outlook.
Week ending Saturday 19th December 2020
sold at auction
sold prior to auction
We at Master Advocates have certainly been grateful for all of the support and service that we were able to provide to our clients since October 2020 out of the harsh lockdown Victoria experienced due to Covid19. In a short period between October to December, we had the privilege of assisting our Buyers Advocacy clients, First Home Buyers, Investors and Owner Occupiers to relocate for Sea or Tree Change Country to Coast locations in Victoria or relocate to upsize and downsize within Melbourne Metro areas. As well as assisting Landlords and Tenants to navigate Covid19 and re-let properties to minimise vacancy before Christmas. Most recently assisting our Vendors Advocacy clients engage with reral estate sales agents and be their personal liaison to help manage the relationships with the right sales agents to list and sell their homes and investment properties before the end of 2020.
The new found confidence in the market both property vendors and purchasers have is largely due to being released from the harsh lockdown. Now schools, business and recreational activities have re-opened with success and seemingly returning to normal, combined with choice to re-locate for rent or buying around metro Melbourne and Victoria for lifestyle or family and personal choice to upsize, down size, even relocation for a tree or sea change country to coast now that working from home, realistically from any location in a hybrid model split days is the new normal for many work places. Combined with the lowest on record bank interest rates to secure mortgage lending, the greatest stamp duty savings Victoria has ever received (property under $1m purchased no later than June 2021, 50% off stamp duty of brand new dwellings, 25% off established dwellings). Plus the greatest investment from Federal and State Government into new infrastructure for our roads, buildings and transport and jobs commissioned by government including new public housing for people in hardship and disability (NDIS – SDA initiatives increasing housing supply by 10% predicted).
Now is certainly the time to consider buying as Victoria sets to kick start the economy and jump back on track to be the largest metropolis in our nation and population growth as we return to normal and the globe re-opens for domestic and foreign migration and tourism.
There is also opportunity for us to secure property that has passed in, distressed and off market which have been doing successfully for clients during the last 8 weeks. Between now and February/March will continue to provide similar opportunity for interested buyers that wish to visit discussion on buying property and how we can add value with our buyers advocacy services here on the ground in Melbourne.
Looking forward to speaking soon or if anyone would like data and insight on particular locations and property types, we would be more than happy to share as we will remain open during the summer holiday period outside of the main Christmas Day and New Year’s Day public holidays.
Here is a brief overview on some of the exciting updates that we have experienced since October, during the last 3 months of 2020.
AUSTRALIAN PARALYMPIAN, MOTIVATIONAL PUBLIC SPEAKER, CO-FOUNDER, OFFICER IN EFFECTIVE CONTROL (OIEC), LICENSED ESTATE AGENT, CEA (REIV), ACCREDITED (REBAA)
Master Advocates Real Estate Services
Licensed Estate Agents and Co-Founders husband and wife team Mark and Michelle Errichiello,
Certified Estate Agent Proud Member (REIV)
Buyers Agent Chapter Committee Member and Members Council Delegate (REIV),
(REBAA) VIC State Representative
Our Director Mark Errichiello was appointed and has proudly taken on the role Victorian State Representative for REBAA. Mark specialises in property investment advisory, buyer advocacy, vendor advocacy and property management.
The Real Estate Buyers Agents Association of Australia (REBAA) was established in 2000 with the goal to raise the profile of the industry and to establish guidelines for the professional conduct of real estate buyer’s agents nationally.
REBAA’s mission is to be recognised as Australia’s foremost association representing buyer’s agents.
REBAA is Australia’s leading professional body for buyer’s agents.
Buyer’s agents are licensed professionals who specialise in searching, negotiating and purchasing property on behalf of buyers.
REBAA’s key roles include providing help and guidance for buyer’s agents while actively campaigning to make the property market more user-friendly for the buying public.
The entity has also provided strategic advice to the NSW Department of Fair Trading review of the Property, Stock and Business Agents Act, to ensure the activity of buyer’s agents is considered in drafting amendments. REBAA members are also actively involved in similar legislation with Government in Victoria, Queensland and Western Australia.
As a leading player in the property industry, REBAA offers significant benefits to both buyer’s agents and consumers.
As a respected industry body, REBAA gives buyer’s agents the credibility of being part of a professional body and the opportunity to promote qualifications through its membership.
By choosing a REBAA member, buyers can be confident they are dealing with an experienced and professional buyer’s agent.
REBAA maintains a good relationship with state-based Real Estate Institutes as well as the REIA and makes regular contact with other organisations to represent the interests of our members.
Are you a home buyer or investor? Are you interested in buying property in the New Year? The 2021 REBAA & PTA Buyer Barometer Survey is now open and we’d love to hear your insights! It only takes a few minutes. To complete the survey go to: https://bit.ly/3mItOje
Certified Estate Agent Proud Member (REIV)
Mark Errichiello has also been appointed by the Board of Directors and CEO of REIV to join and serve another term with the Buyers Agent Chapter Committee as a Licensed Estate Agent Member and Members Council Delegate (REIV) for 2021-2022.
96.5 Inner FM Sunday Lifestyle Property Chat with Pat Panetta and
Master Advocates Director and Australian Paralympian Michelle Errichiello – Guest on The You Project with Craig Harper
Michelle Errichiello was twenty-four years old, minding her own business and putting out some bins when a car careered off the road, pinned her against a wall and she experienced what is known as a ‘traumatic amputation’. That is, her right leg was immediately severed above the knee. If not for the quick thinking and amazing skills of an off-duty firefighter, Michelle (with her femoral artery severed) would have died in minutes. That moment in time was the beginning of an amazing journey for a resourceful, resilient, courageous and slightly-scary woman. I loved this chat and so will you. Enjoy.
Michelle Errichiello Teams Up With Moonee Valley City Council As Amputee & Disability In Sport Ambassador – National Amputee Awareness
Essendon-born, Strathmore resident Michelle Errichiello is a real estate agent, a Paralympian and co-founder of Master Advocates in Niddrie. She is also an amputee.
This is National Amputee Awareness Week which is about celebrating Australians living with limb loss, raising awareness of this lifelong disability, reducing stigma, and bringing the amputee community together to minimise social isolation.
Have a listen to Michelle’s story and be inspired:
Co-founder and the better half of husband and wife team at Master Advocates, Michelle Errichiello sharing her story and working with Moonee Valley City Council to create awareness for disability in sport.
Happy Festive Season and Best Wishes of Abundance for you and your family in 2021!
Exceptional Service – Buyers Advocacy and Property Management, Vendors Advocacy – Free Consultation
Second Generation Northside Real Estate Agents
Servicing Melbourne Metro and Victoria State Wide – Specialising in Melbourne Inner City, Northern and Western Suburbs Property Buying and Investment Portfolio Management.
Information Source: Master Advocates Real Estate Services, REIV, PDOL RealEstateView, REBAA.