Author: Mark Ruttner
Is There A Correlation Between The Real Estate Market In Melbourne and Coronavirus?
Is There A Correlation Between The Real Estate Market In Melbourne and Coronavirus?
It is an obvious question with perhaps a not so obvious answer. The commencement of 2020 has seen an ever resilient property market with no apparent impact from the Coronavirus. Unlike the impact being felt from toilet aisles in our supermarkets to our district centres such as that of Box Hill or Glen Waverley, the property market continues its own journey with no real consideration as to the medium or long term impact the virus may have on each and every household.
At its latest Reserve Bank meeting, interest...
The Retail Market Segment Is Witnessing Change Both In Market Terms and Legislative Amendments
The Retail Market Segment Is Witnessing Change Both In Market Terms and Legislative Amendments
I have been very proactive in relation to this market segment, primarily as I am a “Specialist Retail Valuer” and am on the panels of the Victorian Small Business Commission, Australian Property Institute and the Real Estate Institute of Victoria, with Retail being a sector that I have also serviced in regard to advisory as the Lessee and Lessor representative, coupled with over thirty-five (35) years’ experience within the sector.
Some twelve (12) months ago, I provided a blog predicting if you...
Land Tax Assessments for 2020 Have Now Been Issued.
Land Tax Assessments for 2020 Have Now Been Issued.
Simply, Be Proactive & Don’t Procrastinate
We are writing to you as a valued client to again make you aware that “site value” apportionment is of most importance in relation to future Land Tax Assessments for the period under consideration.
Initial viewings would indicate a decrease in the levels of value from the highs of the last assessment. However, even though a decrease may be evident, such decrease may not take into account current circumstances such as the recent banking enquiry and its effect on levels of value, disruption...
What is Wrong With The Public Auction Process?
What is Wrong With The Public Auction Process?
Interesting question that I am continually asked regardless of the time within the property cycle. “Mark, do you think that we should sell via Public Auction, Private Treaty of Expressions of Interest”?
The simple answer, why not auction? In fact, in my opinion, it is to some degree the preferred method of sale, but it is not for everyone.
The process is simply falling down and perhaps will never be fixed due to the inadequate policing of the process. The Real Estate Institute of Victoria has really tried, but is stuck by the inadequate enforcement...