The Key to Making Money in Real Estate Today
Listen to all the spruikers in the market place. It is as if they are saying… “whatever you buy in the real estate market will make your money, just buy,” the running mantra for every real estate professional selling real estate in Melbourne over the last 5 years.
Truth be known, the fundamental principles of dollar value profit and how to make money out of real estate has been diminished by the two major factors of what not too many people are prepared to talk about
Global Purchaser
Generational shift to Gen Y
Without providing a detailed analysis,...
The Ever Changing Face of Your Neighbourhood Retail Strip Centre
The disparity between some of Melbourne’s local neighbourhood retail shopping centres and the appetite of local investors continues to bewilder some.
Whilst retailers in general terms continue to complain about the lack of trade and the ever increasing costs of day to day business whether it be the rent or the cost of labour via penalty rates…it seems that unless you are operating a café…you are struggling.
Whilst a few key retail strip centres are performing well, it would seem that vacancy rates continue to plague others...
Self Managed Superannuation Funds… The market segment that will hopefully not be the precursor for a real estate change.
For those baby boomers nearing the end of their working days or those parties that are planning for that retirement period in future years…be careful. The acquisition that you entered into already may be one of the worst financial decisions you have made or perhaps you may have created an untenable retirement period already for the future years ahead.
Let’s face it, the real estate market specific to Metropolitan Melbourne has witnessed a sustainable increase...
The Six Most Important Issues you should be considering as a Tenant in the Current Real Estate Market Environment
Don’t take it personally. Regardless of how good your business plan and product/s are, if you are paying over the odds in rental, it will always be a catch up scenario.
What was once prime real estate within a strip centre or location and known as “gold”, may now not be the case. In our working environment and lifestyle, change is one of the fundamentals that you can be assured of and one that will occur regardless. Rentals payable within a location change and if you have...
Why The Apartment Market Is Not As Shaky As It Is Made Out To Be
Difficulty in obtaining funding for a project to get off the ground is a difficult task in any property cycle. The base rules of most multi unit apartment developments have been fundamentally the same over the last five year period. Developers need to own the land outright, pre sales are a requirement, the construction/builder is to be known to the marketplace and the entity needs to be able to show debt coverage of a percentage plus basis over the total development period. The simple truth is for a project to get “off the ground”,...
The Most Important Items You Need To Reflect Upon Before Acquiring Real Estate
To state the obvious, ensure that your finance is in place. Obtain a pre approval letter from a financial institution/s stating the amount and terms prior to setting out on you journey to acquire.
Ask the most important question of all. Why are you really purchasing and for what reasons? What are you trying to achieve? Are you an owner occupier or a private investor? Is it capital growth or negative gearing?
Prepare a detailed list of strategic alliances required to make this happen. Some professionals that come...