Articles – realestatesource

Little Things You Can do to Your Home Before Listing it For Sale

November 25, 2009 Marc Pallisco gardening, preparing your home for sale, renovations, research, selling your home

VENDORS have many reasons why they should give themselves as much time as possible to prepare their outgoing houses for sale.

As well as allowing enough time to properly repair niggling interior and exterior works, there may be legal or title issues that need to be resolved; a big structural problem might take longer to fix than first anticipated; or plans to subdivide your block, or obtain a development permit to attract the interest of developers, might take time to co-ordinate.

Alternatively, your choice of decor, or garden, could risk turning buyers off and might need to be redesigned.

Beacon Cove, Port Melbourne

Melbourne’s Most Reinvented Suburbs

November 25, 2009 Marc Pallisco Box Hill, clifton hill, landmark property, Port Melbourne, property investing, seddon, yarraville

ONE has to wonder what “great Australian dream” some Melburnians were being sold last century.

Until recently – the 1980s and 1990s for most inner-city areas – owning an inner-city terrace was not necessarily a big deal. More often than not, according to veteran agents, they were used as “stepping stone” investments that could be paid off in a few years and sold on the basis of being “more attractive than renting”.

Buyers – particularly immigrants from Italy and Greece – bought in Richmond, North Fitzroy or Northcote, in order to save a deposit to build new, larger homes in Avondale Heights, Glenroy or – if they invested well – Doncaster.

Flemington Post Office

Top Melbourne Suburbs to Invest, For Budgets of Less Than $500,000

November 25, 2009 Marc Pallisco armadale, Aspendale, best suburbs to invest, Braeside, Brunswick, Burwood, Camberwell, Cheltenham, Edithvale, Fitzroy, flemington, hawthorn, malvern, Melbourne @ 5 Million, melbourne 2030, property investing, south yarra, st kilda, Surrey Hills

MELBOURNE’s once booming real-estate market has finally decelerated – and for the first time in a long time, buyers are calling the shots.

If you have a secure job, low debt and a will to own real estate – banks, developers and the Government want to talk.

But a word of advice: if you do take the plunge, spend what you can afford, rather than the maximum amount you can borrow.

Saturday Domain talks to some experts on which suburbs you should look at, no matter what your budget:

Pentridge Prison, Coburg

Breathing New Life Into Melbourne’s Landmark Sites

November 25, 2009August 11, 2021 Marc Pallisco abbotsford brewery, kew cottages, landmarks, mercy hospital, mulgrave, niddrie quarry, pentridge prison, salta, Stockland, tooronga village, valad, vicurban, walker corporation, Waverley Park

THIRTY years ago a three-bedroom house in Thomastown cost more than a three-bedroom house in Fitzroy – that’s testament to how much Melbourne’s attitude to housing has changed.

In the 1970s, to live in Collingwood, Port Melbourne or Yarraville meant to be entrenched in Melbourne’s working class. Houses could languish on the market for months – unsellable, unrentable and not worth fixing up.

Today, to own properties in these and many other particularly inner-city suburbs, is to own the real estate equivalent of a gold mine. Since the 1980s, but especially since the turn of this century, where and how Melburnians want to live has shifted and many disused, derelict but once significant sites have been redeveloped. We look at some of the biggest:

Property Price Underquoting – Advice for Agents and Buyers

December 20, 2007 Marc Pallisco Articles, Property Price Underquoting - Advice for Agents and Buyers, Real Estate Articles, residential

Consumer Affairs Victoria (CAV) has developed new guidelines for real estate salespeople and a fact sheet home buyers in response to industry and public concerns about property price underquoting.

Residential Real Estate Forecast for 2008

December 17, 2007 Marc Pallisco Articles, market, Melbourne, Real Estate Articles, Real Estate Forecast for 2008, residential

Industry experts unanimously agree the recent surge in real estate values in Melbourne is unsustainable.

Former ASX Building at 357 Collins Street Back on the Market After 15 Years

November 23, 2007 Marc Pallisco Articles, CBD Office, Former ASX Building at 357 Collins Street Back on the Market After 15 Years, Real Estate Articles

It was once the heart of the citys financial centre, and is said to occupy the best position on Collins Street. But for almost fifteen years, the former Australian Stock Exchange Melbourne headquarters at 357 Collins Street has sat derelict and vacant.

Waterfront Mansion to Smash Williamstown Record

November 1, 2007 Marc Pallisco Articles, prestige residential, Real Estate Articles, Waterfront Mansion to Smash Williamstown Record

A 1970s double fronted, double-storey brick veneer is expected to smash the record as the most expensive pile of real estate in Williamstown.

Investa Buys Botanicca Corporate Park Development Site in Richmond

October 31, 2007 Marc Pallisco Articles, inner city, Investa Buys Botanicca Corporate Park Development Site in Richmond, Real Estate Articles, richmond

Investa is believed to be formalising a deal to buy the last two development sites at the Botanicca Corporate Park in Richmond.

Macquarie Direct Property Fund Buys Queens Road Building

October 30, 2007 Marc Pallisco Articles, institution, Macquarie Direct Property Fund Buys Queens Road Building, Real Estate Articles, St Kilda Road

Macquarie Direct Property Fund has revealed itself as the buyer of the former Zurich office building at 71 Queens Road.

Yarra Valley Farms Leases Office Warehouse Building in Yarraville

October 30, 2007 Marc Pallisco Articles, industrial, Real Estate Articles, Yarra Valley Farms Leases Office Warehouse Building in Yarraville

Yarra Valley Farms has leased a 2800 square metre office building and warehouse in the inner-western suburb of Yarraville.

Telstra Crams Workers in New Clayton Building

October 30, 2007 Marc Pallisco Articles, office, Real Estate Articles, Telstra Crams Workers in New Clayton Building

Telstra’s decision to relocate around 4000 employees to the outer south-eastern suburb of Clayton, will blow out vacancy levels in several suburban office markets from 2009.

Will Foster’s Sell its Abbotsford Brewery?

October 30, 2007 Marc Pallisco Articles, development site, Real Estate Articles, Will Foster's Sell its Abbotsford Brewery? inner city

Foster’s move raises speculation it will eventually offload its iconic CUB Brewery site, which sits on 9 hectares of riverfront land overlooking Kew’s Studley Park. Industry insiders are divided about whether this will happen.

What to Look for in a Property or Investment Scheme

October 30, 2007 Marc Pallisco Articles, danger, Real Estate Articles, What to Look for in a Property or Investment Scheme

It was an accident waiting to happen.

In one corner, cashed up and trusting investors wanting to get the best returns out of their savings.

In the other corner, sales people for a property scheme, posing as financial advisers – earning a commission from every dollar they can get you to invest.

Melbourne’s Northern Suburbs Boom

October 30, 2007 Marc Pallisco Articles, Melbourne's Northern Suburbs Boom, Real Estate Articles, residential

While much of the industry’s attention of late has focused on Melbourne’s blue ribbon suburbs – record prices are being achieved in other parts of Melbourne as well.

Eureka Tower Wins Australian Property Institute Award

October 30, 2007 Marc Pallisco Articles, Eureka Tower Wins Australian Property Institute Award, Real Estate Articles

Grocon’s controversial Eureka Tower picked up the highest gong at the Victorian division of the Australian Property Institute’s Excellence in Property Awards Gala Dinner held last week at Crown Casino.

The Rise and Rise of South Yarra

October 29, 2007 Marc Pallisco Articles, Real Estate Articles, The Rise and Rise of South Yarra

Stylish, well dressed, well fed and well loved, South Yarra has been a magnet for Melbourne’s bourgeoisies ever since it established as a suburban retreat from town in the mid 1830s.

City Shift as Provincial Victorians Buy Melbourne “Holiday House”

October 29, 2007 Marc Pallisco Ballarat, City Shift as Provincial Victorians Buy Melbourne "Holiday House", Docklands, inner city apartments, Select Category, Select Section, Southbank, sport, St Kilda Road

We’ve all heard about the sea changers – the growing number of Melburnians packing up their homes and heading to a new life in the coast or country.

Singles, couples and families are leaving in droves – trading in the city’s caffeine infused impersonal lifestyle for something more inspiring.

But while the sea-changers pack up their four-wheel-drives in search of a new home outside of the metropolitan area, they are passing a growing number of city shifters – those from provincial Victoria that are also looking for a change of scenery, and are setting up tent right in the heart of the city.

Former Cremorne Gardens Amusement Park in Richmond set to Become Apartments

October 28, 2007 Marc Pallisco Dr Mimi Colligan, Former Cremorne Gardens Amusement Park in Richmond set to Become Apartments, Select Category, Select Section

Visitors to the launch of the Era apartment project in Richmond’s southern tip of Cremorne this week, were treated to a history lesson by well known historian Dr Mimi Colligan.

New Record for South Yarra Home?

October 28, 2007 Marc Pallisco 226 walsh street, Articles, lloyd williams, New Record for South Yarra Home?, Real Estate Articles

An as yet undisclosed purchaser is believed to have broken the record for a house price in South Yarra.

John Brumby Cashes in on Stamp Duty From Sale of Former Home

October 28, 2007 Marc Pallisco Articles, footscray, John Brumby Cashes in on Stamp Duty From Sale of Former Home, Real Estate Articles

Victorian State Treasurer John Brumby can expect to collect more than $52,000 in stamp duty from the sale of a Footscray home he used to live in.

Robin Boyd Home Environmentally Sustainable, Before the Term was Even Coined

October 28, 2007 Marc Pallisco architect, Bacchus Marsh, Before the Term was Even Coined, Robin Boyd Home Environmentally Sustainable, Select Category, Select Section

A home described by Melbourne University’s Professor of Architecture Philip Goad as one of the most important post war residential buildings in the country, can now be yours, for a short stay anyway.

Performance of Melbourne’s Western Suburbs This Spring

October 28, 2007 Marc Pallisco Performance of Melbourne's Western Suburbs This Spring, Select Category, Select Section, western suburbs melbourne

THE market leading pace with which some western suburbs started the year, seems to have hit a snag, with the top ten suburbs recording relatively lower levels of growth than the other regions. Only nine of 22 eligible western suburbs recorded median house price increases over the metropolitan average of 4.2 per cent.

Top Performing Suburbs Since the 2001 Real Estate Peak

October 28, 2007 Marc Pallisco best performing suburbs, Select Category, Select Section, Top Performers Since the 2001 Real Estate Peak

For years there’s been a growing divide between suburbs that have increased in value, and others which fell back. Five years after the real estate market’s ‘peak’, we ask which suburbs really were ‘safe as houses’ for investors.

Ten suburbs to watch this spring

October 28, 2007August 29, 2021 Marc Pallisco Articles, Real Estate Articles, Spring, Suburbs to Watch, Top Ten Suburbs to Watch This Spring

THE Spring sale season has begun!

And with real estate prices just shy of their 2001 peak, Spring 2006 might be the season for new records.

Where do industry insiders say we should be looking?

What Half a Million Buys You in the City, Coast and Country

October 28, 2007 Marc Pallisco Bang for Your Buck., Coast and CountryCity Coast, Country Value, Select Category, Select Section, What Half a Million Buys You in the City

It’s a magic number, really.

Tell a real estate agent that you have $500,000 to spend, and they should be able to find you a house in any part of Victoria – Hawthorn to Hamilton.

We tell you what bang for your buck you get in the city, coast and country.

Making Your Home Your Main Investment

October 28, 2007 Marc Pallisco Making Your Home Your Main Investmentinvesting in your home unlocked equity, Select Category, Select Section

YOUNGER home owners call it a bonus.
The baby boomer generation call it a rescue.
Accountants call it an opportunity.

Astronomical growth in house prices over recent years, has armed home owners with tens of thousands, sometimes hundreds of thousands of dollars of unlocked equity in their homes.

Which Coast and Country Regions Have Yet to Peak?

October 28, 2007 Marc Pallisco Select Category, Select Section, Victorian coast and country best investment, Which Coast and Country Regions Have Yet to Peak

Picking which one of Victoria’s coast and country townships will excel is no easy task, reports Marc Pallisco.

With Victoria’s coast and country real estate markets performing so well for so long, one could be forgiven for thinking the boom hasn’t ended.

Not so.

Rental Crisis Spurs Property Investor Boom

October 28, 2007 Marc Pallisco Articles, Real Estate Articles, Rental Crisis Spurs Property Investor Boomrental crisis investor boom rising rents low vacancy real estate boom

Melbourne’s 284,000 renting households are finding themselves caught between a rock and a hard place.

On the one hand vacancies for rental properties are at an all time low 1.7% – and landlords know it. This is especially true in inner city suburbs such as Carlton, Richmond and South Yarra, where vacancy is just 1.5%.

Baby Boom Spurs Demand For Middle Ring Suburbs

October 28, 2007 Marc Pallisco family homes growing family middle ring suburbs

It’s official – Australia is in the midst of a mini baby boom – and one that is causing a grand old game of musical chairs in Melbourne’s inner and middle ring suburbs.

More Women Buying Property

October 28, 2007 Marc Pallisco Articles, More Women Buying Property, Real Estate Articles, Women Buying Real Estate Single

Footloose and fancy free female seeks accountant, bank lender and real estate agent – for date with financial security.

That’s right, girl power is ripe in Melbourne’s real estate game, and it’s a trend that doesn’t look like slowing any time soon.

Agents say the days of women waiting for a man to get into the property market are gone. Waiting for blokes, especially those that have their act together, costs money – and smart girls aren’t waiting around to watch opportunity pass them by.

Housing Affordability Weakens as Investors Swoop in

October 28, 2007 Marc Pallisco buying, housing affordability interest rates, how do i buy my first property, increasing rent, property values, selling

Housing Affordability Weakens as Investors Swoop in

Prospective home buyers dealt some cruel blows over the last couple of years.

For starters, the Reserve Bank lifted interest rates – three times – seriously affecting the amount first home buyers were able to borrow, and pushing some of them out of the market completely. Most bank interest rates today circle 7 to 8 per cent – an increase of about 1 per cent on last year.

The pros and cons of rental guarantees

September 6, 2007 Marc Pallisco rent

What’s in store for apartment investors when the rental guarantee runs out? Marc Pallisco finds out.

According to most real-estate agents, Melbourne’s apartment market has decelerated from the heady heights of the late 1990s. As such, developers have been forced to devise new methods to maximise existing demand, with the goal for many being to achieve enough pre-construction sales to make the development profitable.

One concept that has gained popularity in recent years is the rental guarantee.

Shaping the future of Melbourne

September 9, 2007 Marc Pallisco development, Melbourne, property, Shaping the future of Melbourne, urban planning

Battle lines have been drawn in the sand as planners and protest groups debate our sprawling suburbs. Marc Pallisco reports.

The
contentious Melbourne 2030 planning controls continue to divide the
community. On the one hand, some industry experts warn Melbourne could
become another overextended Los Angeles if we don’t halt the urban
spread. Meanwhile, protest groups in suburb after suburb complain of
higher-density living being foisted upon them. They claim their
neighbourhoods are in danger of losing their character.

Somewhere in between these factions may be the future Melbourne.

Renter generation could be here to stay

September 11, 2007 Marc Pallisco Articles, rent, Renter generation could be here to stay, renting

For many renters, high prices are turning the great Australian dream of home ownership into exactly that – a dream, writes Marc Pallisco.

Melbourne’s 284,000 rented households have a very big decision to make this year – plan ahead to buy, or risk being muscled out of the market.

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