Home' API Magazine : June 2014 Contents 54
API JUNE 2014
JUNE 2014 API
¿ BRUNSWICK, VIC
$550,000 - $600,000
At just five kilometres north of
the Melbourne CBD, Brunswick
offers an inner-city suburb where
limited supply should result in
big time capital growth. Demand
for renters, whether they’re city
commuters, students or those loving the facilities, should ensure
The selected listing is for a two-bedroom, one-bathroom
Victorian home that’s freestanding. The property is well
presented and is listed around $600,000 to $650,000 with no
rental estimate provided.
Founder, Secret Agent
Buyers advocate, Buyers
¿ WHAT WOULD BE A REASONABLE WEEKLY RENT FOR
PO: A figure around $450 per week would be expected. It would
perhaps even go a little stronger than this. The property is
Kieran Clair @kieranclair
In the same way gold prospectors need to shovel a lot of slurry
to reveal a few nuggets, property investors must dig through
listings to unearth investment treasures.
Property listings are your first source for real estate deals. It
can appear like a heaving mass of well-honed advertisements
all designed to stir the interest and get you calling the agent.
Unfortunately, there will be a lot of well-dressed investment
options that will crumble under scrutiny.
Property professionals, particularly buyers’ agents, are
looking for opportunities every day. Their clients require them
to not only have an in-depth knowledge of market performance
and investment expectations, they must be able to identify
potential quickly. Time will be of the essence when the right
property at a great price appears, so you need to move fast.
In this month’s contribution, API has pitched three property
options in the experts’ direction and asked them to make a
call on whether they’d ‘walk’ away from the deal, or ‘talk’ to
We’ve provided the details of each listing to two property
professionals and asked that they use their own experience,
and other resources at their disposal, to develop a strategy. It’s
the steps they take before they potentially pick up the phone to
the agent we’re interested in.
For the purpose of this piece, we aren’t publishing the details
of each property listing except the suburb and a general
description. Our commentators, who’ve had access to all the
property’s details, have also been asked not to contact the
agents as part of their deliberations. It’s a fascinating look at
how to tackle the options and decide which property prospect
deserves more of your time.
within close proximity of the CBD, universities and the major
hospitals. This property allows a tenant to be close to work as
well as enjoy an area rich in lifestyle amenities.
SL: $550 per week
¿ WHAT ARE ITS PROS AS AN INVESTMENT PROPERTY?
PO: To purchase a house within five kilometres of Melbourne’s
CBD at the mid-$600,000 range is a big part of the appeal.
Its position is close to Lygon Street, as well as Melbourne
University and the hospitals. The other big plus is the fact that
it’s freestanding, which allows for good ventilation and ease of
access for any future renovations.
SL: Single-fronted Victorian period homes always have the
edge over other homes without character appeal. From a capital
growth perspective, it’s all about supply and demand. As these
properties are no longer being built, this will always limit the
supply. While on the demand side these properties are very
popular for first homebuyers, investors, upsizers and downsizers.
With a large pool of potential buyers and with a limited supply
this is a good recipe for success. These properties also appeal
to tenants, so vacancy periods should be at a minimum.
Brunswick is also well located to the CBD with great transport
¿ WHAT ARE ITS CONS AS AN INVESTMENT PROPERTY?
PO: The floor plan is challenged with wet areas at the rear.
In our continuing series on analysing the investment
potential of property listings, API matches three new
prospects with six seasoned experts.
* Brunswick, Vic
* St Lucia, Qld
* Darwin, NT
OPEN FOR INSPECTION //
Links Archive May 2014 July 2014 Navigation Previous Page Next Page