In true Melbourne style, the first day of winter is a cold and wet day. Historically, this also results in a decline in the number of properties for sale and some buyers disappear and await for Spring to purchase.
We are hoping this year might be a little different as we are currently experiencing a shortage of quality properties due to the uncertainty the Covid-19 pandemic created. I would encourage vendors with high quality properties who are considering selling to put their properties on the market.
Over the weekend, there were a number of auction results that sold well in excess of the reserve price. 104 Middlesex Road, Surrey Hills is a two storey, four bedroom house volume built home sold for $2,491,000. 8/28 Power Street, Toorak sold for $656,000 with 7 bidders. 20 Alfred Street, Prahran sold for an undisclosed amount with 4 bidders. The list goes on.
As cafe’s and restaurants start to open today, it seems the easing of restrictions is also increasing confidence in the Melbourne property market. The number of auctions is now on the rise and the number of transactions last week was 347. However, this number is still well down on last year.
On another exciting note, we are officially opening our Geelong office today which will service Regional Victoria including Geelong, Ballarat and surrounds. Vicky Whittaker will be managing the team who is a resident of Geelong and a very experienced Buyer’s Agent. Looking after both Investors and Owner Occupiers, Geelong and Ballarat have fabulous capital growth prospects and offer higher rental yields that can be achieved in Melbourne. Please call the office on 03 9592 1122 to find out more.
Have a great week.
Kim Easterbrook
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Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
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Good morning,
Auctions are back, properties selling above quoted ranges, easing of restrictions will allow 20 people at an open for inspection and auction as of 1st June 2020, increased confidence and the rental market is rebounding. These are all what was experienced by my team over the weekend with signs that we are heading towards a more normal Melbourne property market.
The clearance rate over the weekend was 82% on a low volume of 109 auctions, so not a true reflection of the market. There was an increase in private sales this week to 218, a significant increase from last week. We are still at volumes below 50% of last year but over the next few months I am expecting this to increase.
The rental market has certainly taken a battering over the past 10 weeks. At the start of the Covid-19 pandemic in Australia, people were not wanting to move which caused an instant lack of demand in rental properties. In addition to that, some tenants were losing their jobs and there was a lot of uncertainty about pretty much everything. The government was also providing confusing messages about tenants and landlords rights.
As tenants starting losing their jobs, our property managers were inundated with requests of rent reductions and deferments and in turn started to panic some of our landlords. We quickly had to implement strict guidelines in order to fairly manage these requests and result in a fair outcome for all involved.
In order for a tenant to apply for rent reduction/deferment, we requested evidence of financial hardship. A tenant simply losing their job was not enough to qualify for a discount. A tenant must have also demonstrated they have an inability to pay their rent which also included proving a lack of cash savings. It was found after we requested a formal application that many still had the ability to pay their rent due to cash savings and eligibility for JobSeeker or JobKeeper payments.
This resulted far less rental reduction requests than we were expecting, with only 1 in 15 properties having to lessen their rent due to tenants financial hardship. Our rental departments’ vacancy rate did increase marginally through the peak of the pandemic to around 4% but this has now dropped back to around 2%.
Over the weekend, we saw great turnouts to our open for inspections for almost all of our properties and I have just been informed by my team that most of our ‘for lease’ properties have received tenant applications on them.
In summary, we have certainly seen a shift in the demand for rental properties over the past two weeks, and although there are more properties up for lease than usual, the days it is taking to lease them out is on the decline.
Have a wonderful week.
Kim Easterbrook
Smoke Alarms
As a landlord, you have the responsibility of ensuring that the smoke alarms at your rental property are in working order. All properties are required by law to have a fitted smoke alarm. We will take care of this for you! Once a year we arrange for smoke alarm services to be carried out, to ensure they are operating correctly.
Smoke alarms are a vital part of a property, it can save lives and reduce damage to a property. With this in mind, it is extremely important to have smoke alarms up to date and functional.
As your Property Managers, we organise this service for you and liaise with the tenants to ensure that it is checked annually. Rest assured that your property and your tenants are safe and have the early warning of a smoke alarm to rely on.
Rosie Lewis – Elite Property Rentals
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Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
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Good morning,
The State Government last week announced they will now allow on-site auctions and open for inspections of properties. This is the first step in resuming back into a normal property market. The restriction to this allowing only 10 people in the property in addition to staff required to facilitate the auction or inspection. The contact details of all attendees will also be recorded.
Auction numbers are well down and it appears most agents are sticking to the same schedule of conducting their current online auctions and private sales for properties that are currently listed. However, since the announcement, realestate.com.au reported 1500 new properties had been listed online in a rush of vendor activity with some on-site auctions being locked in. A welcome relief to the current low stock levels we have been facing.
The recent reports from banks of substantial price falls have certainly put fear into ‘some’ buyers. This fear is not dissimilar to the fear many buyers felt after a scathing 60 Minutes report 18 months ago predicting property price falls of in excess of 20%. Many buyers at this stage sat on their hands and waited for the market to improve before making the leap to buy. A move that costed many buyers hundreds of thousands of dollars as the market recovered quickly after the federal election and property prices increased at a rapid rate.
I was keen to hear feedback from selling agents across Melbourne over the weekend in relation to the numbers of buyers attending open for inspections on the weekend and by all accounts, there were many busy opens. Selling agent Sam Gamon reported 57 groups (mostly first home buyers) on Saturday through a two bedroom 1960’s apartment in Elwood. There is a flurry of first home buyers in the market hoping their money will be able to buy a little bit more than it would have at the start of the year. Some open homes were reported to be extremely busy and others were low on numbers. In some cases the usual 30 minute open times were having to be extended to allow for social distancing and restricted attendee requirements.
Whilst we head into the usual quieter months of winter, I believe we will see conditions similar to what we saw pre-Federal Election with entry level houses and good quality units/apartments selling well under competition but higher end properties and properties that have some compromises will be the ones that may have less buyers.
With many buyers sitting on their hands, the opportunistic buyers are jumping in viewing these conditions as temporary. With Covid-19 numbers remaining low and many people going back to work, we should in the months to come see an increase in activity and in turn we should have an active Spring season.
Have a great week.
Kim Easterbrook
Pets and Rental Properties
With the new legislation slowly coming into effect one change that is confirmed is the laws around permitting pets to renters. Pets assist in making a house feel like a home for many.
This legislation commenced on the 2nd March 2020, renters are required to have the landlord’s consent to bring a new pet into the property. The renter will need to provide a completed pet request form for each pet kept at the property.
The landlord must not unreasonably refuse this request however the landlord is able to apply to VCAT to deny the pet if they deem that the pet is unreasonable in the property. The landlord will have 14 days to make an application to VCAT.
If the renter has a pet prior to 2nd March 2020 they are not required to obtain consent.
Refer A Friend and Receive a $200 Voucher to Stokehouse.
Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
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* Offer applies to a referral that leads to the engagement of our services.
Good morning,
I hope everyone was able to have a lovely Mother’s Day. I certainly was able to enjoy my first Mother’s Day with my beautiful daughter.
The Melbourne Property Market remained active last week with 308 sales occurring. 239 of those were private sale and the remainder were either before or at auction (online). Well down on last year however still reasonable all things considered.
Over the past two weeks at Elite, we have experienced an increase in the amount of enquiry we have been receiving from new buyers. The numbers are a huge improvement in what we received in April. With restrictions easing across the country, it appears that some buyers who have been sitting on their hands are starting to come out of the woodwork.
Is now a good time to buy?
With less competition from buyers, we are not witnessing any runaway sales results like we were a couple of months ago. Whilst many properties are selling with competition from more than one other party, it seems buyers are not willing to pay the premiums they previously were. This is allowing some buyers the opportunity to secure the property they were not able to secure earlier this year.
Victorian’s are eagerly awaiting today’s announcements of what the plan will look like in lifting the Stage 3 Covid-19 restrictions. This will have some impact on how the Real Estate Industry will operate moving forward. We are expecting that auctions and public open for inspections to recommence in the not too distant future. The REIV are advocating that people attending auctions must have the COVIDSafe app on their phone and increasing inspections from one to five people.
Have a great week.
Kim Easterbrook
Rental Property of the week
FOR LEASE
7/5 Dickens Street, Elwood – $410 per week
What a top location in Elwood. This is a great apartment that boasts a desirable entertaining area! Features a contemporary kitchen with stainless steel appliances, plenty of cupboard space. Open plan living and dining area that flows out onto the spacious courtyard. Large bedroom with built-in-robes, spacious bathroom with laundry facilities, secure entrance and basement car park for one car. Privately situated at the rear of the complex. Fantastic location and only minutes to Acland Street, Elwood Village and the beach!
Please call the office on 03 9592 1122 if you are interested to view.
Refer A Friend and Receive a $200 Voucher to Stokehouse.
Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
Please contact our team on 9592 1122 or email admin@elitebuyeragents.com.au
* Offer applies to a referral that leads to the engagement of our services.
Good morning,
I hope you had a lovely weekend.
With some light appearing at the end of the Covid-19 tunnel, it is a good time to reflect on how Covid-19 has impacted the residential real estate market from both a buying/selling and rental view. At Elite, April still proved to be a busy month (albeit volumes less than normal) securing for both our Investors and Owner Occupiers. The rentals team were busy conducting private inspections, filming virtual property tours and leasing out vacant properties.
Buying/Selling
The volume of transactions over the past six weeks has dropped by over 50% of what should normally be occurring. Most negotiations are now via private sale, expressions of interest and off market, with the occasional online auction happening.
Private treaty negotiations can be difficult when multiple parties are looking to secure the same property. We have been involved in many private sale negotiations over the past month which have had multiple interested parties. In most of these cases, the negotiation has turned into a ‘best offers’ negotiation and a deadline placed by the agent. These negotiations can be tricky when there is no information offered by the agent in regards to the other offers. In these instances, it is so important to understand the value of the property to avoid overpaying. But also, it is equally crucial to know the right questions to ask the agent to ensure the offer you has submitted is not tens of thousands above the other offers.
Whilst the amount of buyers in the market has decreased, so has the number of properties for sale and therefore the property market has remained balanced. CoreLogic reported that Melbourne property prices only fell by 0.3% in April which is consistent with what we have been witnessing on the ground.
Rental
The past six weeks has been challenging for many landlords and tenants. After the Victorian Government made their announcements three weeks ago, we were inundated with phone calls from tenants requesting rent reductions and payment deferrals. For a rent reduction to be considered, the tenant must show financial hardship. We have found that once evidence of hardship was requested, the amount of requests for reductions decreased considerably. In most instances, we have had landlords and tenants negotiate fair and reasonably outcomes.
Vacancy rates have increased and our team have had to be creative in order to incentivise tenants to apply. Rent free periods and slight rental reductions have been offered on many properties and the strategy appears to be working to attract interest and reduce the vacancy times.
Whilst the property market has been affected, it seems the industry has adapted quickly to overcome any challenges it has in order to still transact. Virtual tours and auctions are successfully taking place and private inspections are the new normal.
I hope you have a great week!
Kim Easterbrook
Rental Property of the week
FOR LEASE
98 Blessington Street, St Kilda – $995 per week
Step inside this stunning terrace house set over two levels and find yourself impressed with all it has to offer in the heart of St Kilda.
This stunning double story home with high ceilings offers a large open plan living area on the bottom level with heated concrete floors, a gorgeous exposed red brick wall, and a free standing gas wood fire place in the living area, all creating charm and warmth.
The kitchen has stone bench-tops, all the latest appliances and an abundance of storage and overlooks the dining and living space which opens with large bi-fold doors into a private, sun filled courtyard extending the living space and letting it all flow together so beautifully.
Upstairs are 2 full sized bedrooms both with built in robes and the master with a sun filled private balcony and the main bathroom with an oversized shower.
This sensational property can come fully furnished or unfurnished. The choice is yours.
Please call the office on 03 9592 1122 if you are interested to view.
Refer A Friend and Receive a $200 Voucher to Stokehouse.
Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
Please contact our team on 9592 1122 or email admin@elitebuyeragents.com.au
* Offer applies to a referral that leads to the engagement of our services.
Good morning,
I hope you had a lovely weekend.
The State Government’s economic rebuild plan is currently underway with strong rumours that they are considering revamping land transfer duty (stamp duty). The revamp is said to be abolishing the land transfer duty and implementing an annual land tax which is said to be a cheaper alternative.
The proposal states that the annual land tax will be calculated on a sliding scale based on the value of the land. The more expensive the land, the more tax to be paid. The purpose of decreasing the substantial upfront costs is to enable property to be more affordable. This would come at a huge cost as the current system draws in $6 billion of revenue each year. It will be interesting to see how this pans out over the coming weeks.
On another note, the REIV released the March 2020 quarter median house and unit prices last week with the Melbourne median house price increasing to $890,000 for the first time. This comes after two consecutive quarters of growth. The median unit (townhouse, units and apartments) price for Melbourne also reach a record high of $641,000.
It was great to wake up to some positive news that two states have plans to start easing Coronavirus restrictions and lets hope the new case numbers remain low and other states will start following suit in the not too distant future.
Keep warm this week, it’s going to be cold one.
Kim Easterbrook
Rental Property of the week
FOR LEASE
16 Osborne Street, South Yarra – $465 per week
In the heart of South Yarra, this semi-detached home consists of two bedrooms, main bedroom with BIR, open plan living & dining, generous kitchen, updated bathroom and a secluded courtyard at the rear. Premier location close to Chapel street’s bars & cafes, within metres of the Prahran Market for all of your fresh produce and an abundance of public transport options on your doorstep with trams on Toorak road and Commercial Road and only a short stroll to South Yarra station. This home represents great affordability for South Yarra.
Please call the office on 03 9592 1122 if you are interested to view.
Refer A Friend and Receive a $200 Voucher to Stokehouse.
Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
Please contact our team on 9592 1122 or email admin@elitebuyeragents.com.au
* Offer applies to a referral that leads to the engagement of our services.
Good morning,
I hope you had a lovely weekend.
Australian property prices made the headlines in the media again over the weekend with reports that Melbourne property prices could drop by upto 10%. Once again, I find myself in a position having to contradict what I am reading in the papers.
As we know, it is predicted that the unemployment rate will reach 10% in the coming months. Whilst terrible for those who have lost their jobs, this is only temporary. The Government have done an amazing job helping small businesses get through these tough times by keeping many in jobs, maybe not earning what they usually would be earning, but enough to survive.
Australia is flattening the curve ahead of schedule and there are signs that we will be heading into a recovery sooner than originally expected. The rate of new cases has now stayed below one per cent for seven days in a row. These reports have given the public a renewed confidence as we have accepted that Stage 3 restrictions are now just a way of life for the time being.
So how is the Melbourne property market faring?
On the ground, we are not witnessing any significant price drops or distressed sales. In fact, property prices are remaining stable with maybe a slight discount on some properties. There are no doubt less buyers in the market, but on the flip side, there are also less sellers. Good quality properties are still selling well and should continue to do so. We secured three properties last week, but also missed out on three more due to being outbid by other buyers. There is genuine activity but we are not seeing any runaway results like we saw a few months ago.
While stock levels remain low, property prices should remain stable or at worst, a very slight decrease in price. The record low interest rates have made it easier for people to keep their properties without feeling too much pressure to sell.
The increased unemployment rate should only be temporary and once businesses start reopening, that rate will decline. Whilst money is cheap, those employed buyers who are currently sitting on their hands, will in time be back looking to buy. And for those buyers who are in the market, they are enjoying conditions of less buyer competition and more off market properties.
Have a great week!
Kim Easterbrook
Rental Property of the week
FOR LEASE
16 Osborne Street, South Yarra – $465 per week
In the heart of South Yarra, this semi-detached home consists of two bedrooms, main bedroom with BIR, open plan living & dining, generous kitchen, updated bathroom and a secluded courtyard at the rear. Premier location close to Chapel street’s bars & cafes, within metres of the Prahran Market for all of your fresh produce and an abundance of public transport options on your doorstep with trams on Toorak road and Commercial Road and only a short stroll to South Yarra station. This home represents great affordability for South Yarra.
Please call the office on 03 9592 1122 if you are interested to view.
Refer A Friend and Receive a $200 Voucher to Stokehouse.
Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
Please contact our team on 9592 1122 or email admin@elitebuyeragents.com.au
* Offer applies to a referral that leads to the engagement of our services.
Good morning,
I hope you had a lovely long weekend and enjoyed the beautiful sunshine yesterday.
The real estate industry had a very eventful weekend after Consumer Affairs Victoria announced on Thursday afternoon, via their website, that private inspections of tenanted and occupied properties was now banned. This effectively shut down the real estate industry. This was a disastrous outcome for many vendors, landlords, prospective tenants, building inspectors, valuers, tradespeople and people who worked in the industry. This all left us scratching our heads as to why someone could go to the hairdresser, Bunnings or Kmart but couldn’t inspect a property that was occupied or tenanted.
After a lot of confusion over the Easter weekend, common sense prevailed and yesterday, Consumer Affairs Victoria reversed their decision ALLOWING occupied or tenanted properties to be inspected. If a property is currently occupied or tenanted, no more than two people are allowed in the property at any one time. The person(s) who reside in the property must leave during the inspection but are only allowed to leave for a legitimate reason (being one of the four essential activities that are currently allowed).
So it is business back as usual for buying, selling and leasing.
Have a wonderful week!
Kim Easterbrook
Rental Property of the week
FOR LEASE
16/38 Mitford Street, Elwood – $390 per week
Spacious top floor apartment with leafy outlooks reflect the period character of this beautiful two bedroom apartment. Featuring polished floorboards throughout, one bedroom features large built in robes and both rooms share a bright modern main bathroom with shower over bath that completes ideal proportions.
A central living/dining area featuring hydronic heating and is complemented by a separate kitchen with dishwasher and washing machine. Surrounded by the best of both Elwood and St Kilda – it is a superb location.l.
Please call the office on 03 9592 1122 if you are interested to view.
Refer A Friend and Receive a $200 Voucher to Stokehouse.
Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
Please contact our team on 9592 1122 or email admin@elitebuyeragents.com.au
* Offer applies to a referral that leads to the engagement of our services.
Good afternoon,
Due to the current low volumes of auctions, the clearance rate is not a true reflection of the property market sentiment and therefore I will not be including clearance rate information in my market updates whilst the Covid-19 issues are affecting the property market.
The REIV has reported that last week there were 126 properties that sold before auction, 32 at auction and 144 private sales bring the weekly total to 302 sales. These numbers are significantly lower of what would have likely occurred (by more than 50%) had there been no Covid-19 impact.
Residential and commercial tenancies have been a hot topic over the past few weeks with little clarity and guidance being provided by the government until last week. For commercial leases, the Federal Government is working on a “give and take” tenancy code in which companies with an annual turnover of less than $50 million that have experienced at least a 30 per cent drop in revenue will qualify under this new legislation. Scott Morrison stated a few days ago that the turnover reduction of the tenant needs to be reflected in the rental waiver from the landlord.
The management of residential tenancies is very different. The majority of 2.5 million residential landlords in Australia are ordinary Australians in which the majority have mortgages and expensive outgoings. These landlords have also been impacted by the financial impact of Covid-19 with job losses and suffering businesses. Banks have offered deferred interest repayments on loans but this only provides temporary cashflow relief and the loan still needs to be paid, just at a later date.
Tenants (who are Australian residents) who have lost their job due to Covid-19 have access to NewStart and JobSeeker packages which should be used to pay for their rent. Landlords may (and have been) asked to consider rental payment plans or reductions during this time. There has been a ban on evictions for six months so a tenant may choose not to pay rent and the landlord will be unable to have the tenant removed from the property until after the ban is lifted. Any claim for ‘loss of rent’ cannot be made until the eviction ban has ceased and the tenant has been evicted. If a tenant wishes to end a fixed term lease due to severe financial hardship, then they can apply to VCAT to do so. The Victorian Government hasn’t released any details of a rental assistance package for tenants at this stage unlike some other states, however this could change in the near future.
On a positive note, it is great to see some very early signs that the Covid-19 curve is flattening. Let’s hope the public continue to do the right thing and practice social distancing practices.
Have a wonderful week!
Kim Easterbrook
Rental Property of the week
FOR LEASE
1/6 Elm Street, Hawthorn – $430 per week
One of only twelve in the well maintained ‘TRIANA RISE’ building this stylishly updated apartment is blessed with a perfect north aspect and complemented by a private and secure landscaped courtyard. Generous light filled living opens to the outdoor retreat via French doors while a renovated Kitchen with separate meals area feature appealing proportions, sparkling presentation and modern stainless steel appliances. A beautifully bright bedroom with built in robe looks out to the courtyard garden with reverse cycle heating/cooling, pristine ensuite bathroom and laundry. Conveniently located in a prized riverside precinct walking distance to Barkers Road trams, schools, parkland and the best of Hawthorn and Richmond services. Off street parking seals the deal.
Please call the office on 03 9592 1122 if you are interested to view.
Refer A Friend and Receive a $200 Voucher to Stokehouse.
Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
Please contact our team on 9592 1122 or email admin@elitebuyeragents.com.au
* Offer applies to a referral that leads to the engagement of our services.
Good afternoon,
To say the least, I was quite shocked when I saw the REIV auction clearance rate on Saturday night sitting at 90%. But after investigating this further, this is not an accurate snapshot of the current market. The 28th of March was meant to be a Super Saturday auction day with well over 1,300 properties going under the hammer. In the end, it was reported that there were only 363 auctions with many selling before hand. It must be noted that 998 auctions were withdrawn due to the vendor withdrawing their property from market or converting the auction to a private sale campaign.
Overall, there were still 425 properties that sold last week which is half of what would have likely occurred had there been no Covid-19. That being said, with the level of uncertainty we are currently facing, I feel this still demonstrates that we are in an active market with both buyers and sellers willing to transact.
Selling agents are adapting new ways to enable transactions to still occur. Many agents are uploading virtual tours of their properties to enable the buyer to get a better snapshot of the property prior to inspecting privately. Auctions are now being conducted online which is proving to be successful where other transactions are happening via private sale treaty or in an off market capacity.
Rental agents (including ourselves) are also adapting to the forever changing space we are working within. Inspections are being conducted in a private capacity with virtual tours of properties are being loaded onto website portals. Our agents are also pre-qualifying tenants prior to walking through properties to ensure they have capacity to pay rent even in the unfortunate event they may lose their job.
Although the current market has its challenges, it is fantastic to see how the industry is adapting and many of these changes will likely prove to be beneficial in the way the industry transacts in the future.
Stay safe and have a great week.
Kim Easterbrook
CLEARANCE RATES
MELBOURNE | March 29, 2020
This week: 363 Auctions | Clearance: 90% | Last Year: 55% [source: REIV]
Elite Buyer Success
66 Gamon Street, Seddon – BOUGHT $1,000,000
We were engaged by an investor to find a long term investment that would achieve good capital growth and rent out easily with high quality professional tenants. Being an interstate buyer, it was also important that this property was low maintenance and in very good condition to allow a ‘headache’ free investment.
We targeted 66 Gamon St, Seddon which is a fully renovated two bedroom, one bathroom period home in the very popular and trendy suburb of Seddon. The buyer and rental demand for this type of property is very strong, and hence the reason why we targeted it for our investor client.
The Elite team inspected the property at the first open for inspection where we were adamantly told that the property had to go to auction on the 4th of April. With the current environment changing daily, this enabled us to execute a strategy which allowed us to take advantage of the current market conditions.
We put forward an offer and over a period of 24 hours of negotiating, we were able to buy the property prior to auction for a price that we would never have been able to secure in a seller’s market.
Rental Property of the week
FOR LEASE
202/173 Barkly Street, St Kilda – $470
This fully furnished, one bedroom apartment in central St Kilda is an amazing offering for a low maintenance lifestyle. Located on the first floor this bright, open plan one bedroom apartment offers super smart contemporary spaces in a brilliant inner city position. Its superbly spacious dimensions boast an uninterrupted easterly focus ensuring sun filled mornings and bright blue sky afternoons. A peaceful, private bedroom with built in robes is accompanied by generous open plan living/dining areas that feature a stainless steel kitchen ideal for entertaining. An immaculate bathroom, European laundry, reverse cycle heating/cooling, intercom security and basement parking sweeten the deal just moments from the CBD, Chapel and Carlisle Streets, Windsor Station and St Kilda beach.
Please call the office on 03 9592 1122 if you are interested to view.
Refer A Friend and Receive a $200 Voucher to Stokehouse.
Refer a friend to our Buyer Advocacy or Property Management services and enjoy a $200* voucher to Stokehouse Restaurant for a relaxing lunch or dinner by the Bay in St Kilda.
Please contact our team on 9592 1122 or email admin@elitebuyeragents.com.au
* Offer applies to a referral that leads to the engagement of our services.
