This property ticks all the boxes.
It is certainly the right time to be buying the property at 4/307 Hawthorn Road, Caulfield North - at $1,175,000.
And the long term investment fundamentals are strong – Caulfield property has grown strongly over the last decade. 3 bedroom units have grown at 6.6% p.a. compound every year (so at this price that’s about $76,000 of capital growth every year).
When listing a property for sale, conventional real estate agents usually require landlords to pay in advance for advertising and marketing. This restricts cash flow until the sale settles and proceeds are received. If the property doesn’t sell then the cost of advertising and marketing has to be worn by the landlord – resulting in a substantial loss without any benefit whatsoever.
LongView believes this is entirely unacceptable and has a solution. LongView cuts any up-front payment to less than 20% of the cost of the advertising and marketing. No further payment has to be made if the property doesn’t sell. This reduces the cost of a failed sale campaign by over 80%.....
As we joke on our website, most local agents find a way to tell you it’s always a good time to sell. Why? Because it’s a good time for them to make money from you selling. That is not advice. At least not professional advice.
And, many local agents will give you a 'rosy' view of what your property is currently worth to convince you to sell – they will take 'comparable sales' of similar properties from months ago, when the market was considerably higher – and tell you that is a guide to what you might receive if you start to sell now – and therefore aren’t on the market until a month or two from now when prices will be even lower. This will only lead to disappointment when the market realities become clear.
A recent article published by Jon Giann1, Director at Knowledge Source, shows that while all the headlines shout that the property market in Australia is in decline, this masks the fact that the majority of the market is still growing, with some parts even going ‘gang busters’. Before getting into the detailed analysis there are
When the time comes to sell your investment property, no one knows whether your buyer will be an Owner Occupier or another Property Investor. But we do know this: the more interested parties you have, the better the chance of receiving a great offer. And the key to having more bidders is to get more investor
Every day there are stories in the press about whether we are in a property boom or bust, making the case for one or the other supported by a lot of confusing analysis on debt to income ratios, price to yield ratios and many other facts. Interest rate cycles come and go. Negative gearing tax