This Weekend in Melbourne
Good afternoon everyone, we hope you’ve had a great week! We’re looking forward to the weekend with plenty of open for inspections scheduled around the city. From Bentleigh to East Melbourne, Elwood to Southbank, Hampton to Kensington, I’m sure you’ll find something to suit your budget and taste. Around the city, the following highlights have caught my attention:
Red Nose Day is today, Friday the 29th of June celebratingit’s 25th Anniversary. Red Nose Day began to raise awareness for SIDS and Kids, so please give generously to support the research of tragic sudden deaths in infants. You can buy merchandise sold locally, give online at http://www.rednoseday.com.au/donation/ or for the cost of a local call, call to donate on1300 173 366.
Bubbles and Brunch at the Domaine Chandon Winery is the perfect weekend to spend with your significant other or friends this winter. There’s nothing quite like the charm of Coldstream inWinter. The winery itself is a culinary delight so brunch is sure to impress! For more information on the winery, menu and tours please clickhere.
As always, the AFL lights up Melbourne from the MCG toEtihad Stadium. This weekend we see Carltonvs Hawthorn on Friday night at the G kicking off at 7:50pm. Saturday lunch is CollingwoodvsFreemantle at the G again kicking off at 1:45pm then that eveningEssendon takes on the Western Bulldogs atEtihad kicking off at 7:40pm. Then the last game for the round is where Saint Kilda and the North Melbourne boys play it out atEtihad kicking off at 4:40pm.
Of course, Dingle Partners have a full schedule of open for inspections, please visit our website for further details.
Have a safe weekend, and if you’re parents, good luck over the next two weeks over school holidays.
The Team at Dingle Partners Real Estate
Congratulations Melbournites, we have passed through the coldest and longest days of Winter! We’re almost half way through the year with the end of financial year just around the corner. If you’ve been waiting for the Spring to sell, it’s time to start preparing now. At Dingle Partners Real Estate, we can match a property consultant specialist to your area to ensure the best possible result. We will design your sale or Auction campaign closely with you and provide you with all the tips you need to be competitive in the current market.An appraisal is more than just a property valuation.
Although it’s complimentary, we’ll always take the long road and go the extra mile. We’ll suggest subtle ways you can improve the appearance of your property without breaking your budget, discuss the best price range to attract a larger buyer interest and answer any questions you may have to help make the process a smooth, professional and successful outcome.
If we can help in any way, please call the office or email today to arrange your complimentary appraisal.
The Team at Dingle Partners Real Estate
Over the weekend Melbourne reported a total of 553 Auctions with 315 sold under the hammer and 238 being passed in, 148 of these were sold via a vendors bid.
Dingle Partners is happy to report the successful Auction of 2206/610 Collins Street, Melbourne by Monique Depierre.
Currently the Auction clearance rate is sitting at 57%, 4% higher than this time last year.
Please find a list below of the top 5 apartments to sell across Melbourne. If you’re considering going to Auction, selling or would like a free market appraisal, please call the one of our expert sales consultants today on 03 9614 6688 at Dingle Partners Real Estate.
TOP 5 APARTMENTS
1. 30A Parslow Street, Malvern $1,980,000
2. 2/61 Well Street, Brighton $1,950,000
3. 1/50 Adeney Avenue, Kew $1,210,000
4. 101/150 Peel Street, North Melbourne $945,000
5. 2/38 Lawrence Street, Brighton $900,000
Hello Melbourne! We hope you’ve had a great week enjoying our beautiful city in June. As always there’s plenty to do across town and here are my hot picks:
- The Comics Lounge is Melbourne’s home of comedy. With live comedy from Monday – Saturday night the laughs kick off at 8pm. This week features Dan Willis (UK), Adam Richard, Nick Cody, Fox Klien & Friend. For info and tickets, click here.
- Sunday afternoon we see the Hawks verse the Lions at the MCG for a lunch time game kicking off at 1:10pm. For tickets and info click here.
- The Australian Ballet: Let’s Dance. In June, leading dancers and companies from around Australia will gather in Melbourne and take to the stage. Let’s Dance features world premieres and key classics from companies including West Australian Ballet, Sydney Dance Company, Queensland Ballet, Australian Dance Theatre, Dancenorth and Expressions Dance Company. Together with The Australian Ballet, they will create a vivid picture of the strength and diversity of our nation’s dance culture. For tickets and info click here.
Of course, Dingle Partners will be busy opening a range of properties both for sale and rent. Tomorrow we have 3 Auctions underway:
1906/83 Queensbridge St, Southbank @ 12pm
21/1 Sandilands St, South Melbourne @ 1pm
2206/620 Collins St, Melbourne @1:30pm
We warmly invite you to attend this weekend’s Auctions and Open for Inspections. For more times and property info please visit our website www.dinglepartners.com.au and enjoy your weekend!
The Dingle Partners Team
For all you footy fans, this weekend is Carlton Vs. Geelong, kicking off at Etihad at 7:50pm. On Saturday the Richmond Tigers go head to head with Fremantle at the MCG kicking off at 1:40pm. Don’t miss all the action Saturday night when Essendon battles Sydney at Etihad kicking off at 7:40pm. For tickets and more information please click here.
For those seeking a night of good food, wine and jazz, Bennett’s Lane is never a disappointment. For art enthusiasts and food enthusiasts alike, the National Gallery of Victoria are currently hosting a new exhibition, “Napoleon: Revolution to Empire.” Offering a selection of savoury and sweet items, including macaroons, cherry clafoutis and eclairs, prepared by Peter Rowland’s Tea Room pastry chefs at NGV International, the Napoleon High Tea package is appetising value for only $58 per person including exhibition entry. Click here for more information.
It’s never too cold to come out and take a look at what Dingle Partners are opening for inspection. Please visit our website for property and open for inspection details today.
The Team at Dingle Partners Real Estate
So, you’ve entered the property market and think it’s time to consider an investment property? Or, you think starting out with an investment property is the right decision for you? What should you know? Where should you start? And, how do you know if investing in property is right for you?
With all the speculation about the property market, it’s tough to know where to start when it comes to considering the purchase of your first investment property. Low interest rates, coupled with the long-term potential for strong yields and capital gains generally represents ideal conditions for buyers looking to enter the investment property market.
The best advice for investors is to buy blue chip, median-priced properties in areas of high demand such as those within 15 km of the CBD. Properties in these areas will always attract working professionals, assuring strong rental return and consistent tenancy.
Our tips for success when buying your first investment property:
Do your homework:
like any investment, you need to know your benefits and your risks. Know your suburb, your target tenancy market and treat your investment purchase as you would a home you intend to live in.
Know your Numbers: get your finances in order and know what you can and can’t afford. A prepared buyer can minimize the stress of making that first investment purchase by knowing all the costs including those associated with selling the property.
Buy where there is strong rental demand: buying a property close to the CBD and key amenities such as leisure and educational institutions is critical to rental success. Ensuring long term and consistent leasing of the property reduces your financial burden and return. Some key factors to consider are:
▪ distance to public transport, especially major transport infrastructure like a tram/bus network or railway station
▪ distance to schools, or higher education facilities
▪ distance from recreational facilities
▪ distance from regular shopping destinations
▪ distance to the central business district
Invest for the long term: like any good investment, a long-term outlook is critical to success. Look for quality properties to invest in that will continue to yield high rental returns in key demand areas.
Get expert advice: get independent expert advice from someone who has your financial interests in mind.
With a network of offices providing local support throughout Melbourne, East Melbourne, West Melbourne, St Kilda Road, Carlton and Southbank, Dingle Partners are the experts in inner Melbourne and Melbourne CBD property. If you think buying an investment property is the right decision for you, contact us on 03 9614 6688.
It seemed like moving was the hardest decision to make, then came the question –to Auction or to sell by Private Sale?
Both methods of sale have their advantages and really, your property and your needs from the sale process should lead your decision.
Many will suggest that the best price is obtained through an open and competitive Auction process, whilst others will suggest that a Private sale can minimise your costs and optimise your control over the price, pace and process.
There is no simple answer to this age-old question, but these advantages of both methods should help you decide what’s best for you and your home:
Auction advantages for sellers
• No price limit and competitive bidding which is ideal for rare, highly sought after or unusual properties that are difficult to price
• The price is not disclosed, so you attract a broader range of buyers
• Auctions can appeal to more motivated buyers
• Your home is generally open only at scheduled times
• Market interest in the lead up to the auction can assist you to determine your reserve price
• A defined sale period and campaign (assuming the reserve is achieved at auction)
• Creates a sense of urgency, encouraging potential buyers to act quickly
• You get to set the terms and conditions of the sale
• The auction process can identify the most suitable buyers to negotiate with (if a sale isn’t achieved at the auction)
Private sale advantages for sellers
• You can set the price at which the property is to be offered
• There is time to consider the buyer and their offer
• Greater flexibility for negotiating terms and price with motivated buyers
• You can control the pace and stress of the sale process
• Potential buyers make offers without knowing what others are prepared to pay
• Less intimidating process for nervous, or first time buyers
• Reduced advertising expenses
• No auctioneering fees
With a network of offices providing local support throughout Melbourne, East Melbourne, West Melbourne, St Kilda Road, Carlton and Southbank, Dingle Partners are the experts in inner Melbourne and Melbourne CBD property. Let us help you find the perfect home or investment property today. Contact us on 03 9614 6688.
What does that really mean?
The busiest time of the real estate year is already upon us. Whether buying or selling, ensure you are familiar with the most common “price-related” terminology that is often used at, or before, an auction or property sale. Here are some definitions below:
Estimated selling price
The estimated selling price (ESP) is what your agent believes that a willing, but not anxious buyer would pay for the property and is recorded on the sales authority. It is determined using their skill, knowledge and comparable sales evidence. The ESP may be expressed as a single sale price or a range of not more than 10 per cent. The agent may change the ESP during the course of the campaign depending on the market and offers that may have been received and rejected. Just because a home may sell for more than the ESP does not mean the property was ‘underquoted’ under Victorian law.
Around 20 per cent of properties auctioned in the latter half of this year have been passed in. This occurs when the highest bid at the auction does not meet the vendors’ reserve price.
Passed in on vendors bid
Some auctions that are passed in are passed in on a vendors bid. This means that the last bid was made by the agent on the vendors’ behalf. This shows that demand at the auction has fallen short of the vendor’s expectations. In Melbourne in the last week, the proportion of auctions passed in on vendors bid was around 30 per cent.
At the ‘heart’ of the auction process is the reserve price. The reserve price is the minimum price that the vendor wants for their property. The reserve is typically set by the vendor the day of, or the day before the auction. There is no requirement for the vendor to set a particular price or have regard to what similar properties have sold for; it is simply the price that they would like to receive for their property. It is also worth noting that whilst it is often announced, there is no requirement for the auctioneer to announce that the reserve has been met during the auction.
Throughout the course of a marketing campaign a prospective purchaser may make an offer. Offers should be in writing and will be conveyed to the vendor by the agent. If more than one offer is received, it often results in a “board-room auction” or mini-auction conducted by the real estate agent where interested buyers who are willing to bid for the property have the opportunity to compete against each other face-to-face.
3/ 180 LITTLE COLLINS STREET MELBOURNE
AUCTION 2:00pm Saturday, 3 Sep 2011
$460,000 – $500,000
Unique in its peaceful, ground-floor seclusion within The Georges building complex, with its inimitable French Provincial design, this 1-bedroom apartment exudes a level of class and character rarely seen in the market today.
With detailed cornices and high ceilings throughout evoking the style of a bygone era, the living area includes a Juliette balcony and is serviced by a neat kitchen featuring parquetry flooring, stone benchtops and Blanco appliances. The warm bedroom includes built-in robes and enjoys direct access to a private inner courtyard, while a spacious Euro laundry by the central bathroom is both well concealed and convenient.
Including central heating/cooling, storage room, gym and video intercom entry, this charming abode is nestled in the heart of Melbourne’s vibrant CBD, offering unparalleled proximity to world-class theatres and fine dining, ensuring its status as an ideal inner-city base.
Sales Branch Manager Melbourne
T: 03 9614 6688
M: 0407 610 700
T: 03 9614 6688
M: 0418 333 489
2306/ 60 MARKET STREET MELBOURNE
AUCTION $420,000 – $460,000
Auction: Saturday, 30 Jul 2011 2.30pm
One of only 8 apartment on this exclusive, elevated 23rd floor, is this oversized 1 bedroom apartment has everything you want and more. Bathed in natural light , its north facing floor to ceiling windows overlook spectacular city views by day and night. The exciting floor plan offers open plan living with a separate area for dining and features light timber floors, while the bedroom offers the luxury of warm carpet. Leading through concertina glass doors, the winter garden leads off from the living area & features large sliding windows from which to enjoy fresh air. The modern kitchen: 4 plates gas top, electric oven, double stainless steel sink and integrated DW with pantry will allow you to entertain in style. Other features include a European Laundry, split system heating/cooling, secure entry, the use of Oaks on Market Pool, Gym, Jacuzzi, Sauna, on site restaurant and 24 Concierge. Nestled between Collins Street and Flinders Lane with public transport on your doorstep, this unique and highly sought after property with a rarely offered car space will allow you to enjoy city living at its best. First in best dressed.
T: 03 9614 6688
M: 0407 881 327