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The Coronavirus Lockdowns

The Coronavirus lockdowns have had a massive impact on the economy with many industries being shut down including the property market.  Due to recent Coronavirus restrictions in Victoria, which were amongst the strictest in the world, the Melbourne property market completely shut down.  

The introduction of Victoria’s stage 4 lockdown on the  2nd of August meant that the property market was effectively placed on hold due to industries being shut down and people were only permitted to leave their homes to shop or exercise within 5kms of their home, all non-essential businesses were closed which meant that people could only go to the supermarket or buy takeaway coffee or food from cafes or restaurants.

The restrictions meant that the Melbourne property market effectively came to a standstill. Physical home inspections were banned at the height of the restrictions meaning that they could only be conducted online.

Before the stage 4 lockdown was introduced in Victoria, the Real Estate Institute of Victoria (REIV) anticipated that there would still be some sales transactions take place during the lockdown however it was unlikely that new properties would be listed because people do not purchase properties that they haven’t physically inspected. Even though they could do an online inspection actually agreeing to buy a property was unlikely which would see the number of Victorian property transactions dramatically decrease.

The stage 4 lockdown also prevented people from moving unless they had already signed an agreement to do so. If they had signed an agreement before the restrictions then people with plans to move homes could only do so between the curfew hours which were 5am until 8pm. People were unable to relocate outside of those hours though.

In addition to physical real estate inspections being halted during the stage 4 lockdown, auctions were only banned unless they took place online.

The REIV did lobby the Victorian state government to ease the restrictions, especially given that anyone who played a role in the provision of shelter should be deemed an essential service. At the start of the stage 4 restrictions on the 2nd of August the REIV expressed concerns that due to the initial Coronavirus restrictions many people had lost their jobs, leaving them displaced and in a position where they needed to search for cheaper accommodation. The consequence of the introduction of a stage 4 lockdown on the 2nd of August was that people would be unable to inspect properties, making it impossible to sell or lease properties.

They were worried that activity would dramatically decease and that real estate agents would be amongst workers who were struggling with their business as a direct result of the Coronavirus pandemic.

The Real estate industry has been worried that the restrictions went too far and would have serious repercussions for buyers, sellers, renters and of course, agents. Despite the property market shutting down during Victoria’s stage 4 lockdown there were hopes that the property market would later rebound once the economy opened up again and property inspections could recommence.

The restrictions related to real estate inspections were lifted on the 28th of September which has meant that property inspections can take place again. There are still restrictions on property inspections however, with the time limit for private inspections being 15 minutes. During property inspections only one agent and one potential buyer or tenant (and their intimate partner, or household member) is allowed. Although Melburnians can inspect properties, they can only do so within Melbourne. They cannot however travel to regional Victoria to inspect properties if they’re planning to relocate. The lifting of the restrictions is good news for the property industry because it was originally anticipated that physical property inspections would be banned until the 26th of October at the very earliest.

Although property inspections have recommenced with limited numbers allowed to physically inspect the property, auctions must still be conducted online. Both buyers and sellers are relieved that the property restrictions have been lifted because the lockdown had major consequences on their lives. Before the stage 4 lockdown was introduced, there was one Melbourne family that had sold their property during the stage three lockdown and the four of them were forced to live in one bedroom at a family member’s house because they could not inspect properties to rent or buy.

Other people who were caught up in the COVID-19 stage 4 lockdowns were worse off than this particular family as they had agreed to purchase a property but weren’t able to sell their existing property because of the restrictions so they were forced into a situation where they had to take out a bridging loan.

Another couple who was expecting their first child were forced to sell their property because one of the mortgage holders had their hours cut because of the COVID restrictions. As government support in the form of Job Keeper and Jobseeker are cut, combined with mortgage holidays ending it is expected that more people will have to sell their properties, however despite the economic consequences of the COVID pandemic the property market has held up pretty well. Very few people have been forced into mortgagee sales. This is despite reports in June suggesting that more than 1.4 million Australian households have been forced into mortgage stress and 100,000 mortgage holders being close to defaulting on their loans.

Renters have also been forced into rental stress which in turn has put property investors under stress, with 12% of investors in June saying that they would consider selling their property in the next 12 months.  Renters have been forced rental stress because even though some properties are vacant they can’t inspect them and therefore they are unable to relocate to a property within their budget.

With more mortgage holders under mortgage stress due to tenants not being able to pay their rent or negotiating lower rents that could mean mortgagee sales when the government support is tapered down. If there is an influx of mortgagee sales could see property prices in the Victorian capital of Melbourne plummet as more properties come onto the market. At the start of September, Melbourne property prices had falling 5.1% by the start of September, with economists predicting that Melbourne prices could fall up to 15%. There is particular concern for off the plan apartments in Melbourne CBD due to higher vacancy rates and people not necessarily returning to offices in Melbourne’s CBD as a result of different workplace habits where people can now work from home rather than going into the office. Because people can work from home there is less reason for people to live close to traditional CBDs because they can work from home and therefore live more rural.

With the Melbourne property market fluctuating as a result of the COVID pandemic there has never been a better time to buy a property, and Homely has up-to-date listings of properties for sale. If you’re thinking of buying, selling or simply want to know the value of your property to know how much equity you have in it then give us a call on (03) 9021 2007 to discuss your property valuation needs.

Melbourne Property Valuer

Amazing tips for the best property valuation services

Being a homeowner or a property owner you want to get the best price for your property if you are selling. For this, you should know the actual market value of the property first. You can hire the best property valuer in the town for the property valuation services but it’s not easy to go with their valuation figure. Remember, overall it’s your property. So better to think about the property value – how you can increase its value. It is an accepted fact that – There are so many things that you can’t change while evaluating the property value like location, type and size (area) of the property but ‘when there’s is a will there’s is a way’.

There are plenty of things through which you can bring a significant difference in the property value. Know how –

Make it presentable and appealing – First impression is the last one. Improve the curb appeal of your property. Mow the garden, declutter the waste and add more colorful plants in the garden to grab the buyer’s attention. Renovate the elevation (exterior part of the building), put a stroke of paint on the walls, light some scented candles, open the windows to allow the air and natural light, Paint interior walls with light or nude color shades in your home which makes it big and spacious. Make sure your electric appliances are in working condition.

Remove the waste and unwanted things, replace the old carpet with a new one, keep your home clean and tidy, arrange your furniture appropriately in order to make the house well organized.

Display your home – Remember when valuer comes for home inspection they aren’t aware of the hidden benefits your house has to offer like –  new electric wiring, smart electric appliances, central air conditioner, underfloor heating, solar panel, rainwater harvesting plant and more. Being an owner it’s your duty to be the property valuer while inspection. It’s not you should interrupt the valuer every time but it’s also imperative to highlight the benefits of your home.

Definitely, you can’t change the location of your home but the nearby developments add more value to your home. Tell your valuer about such developments which you think can bring significant impact on your property’s value.

Research and gather the data of local sales – The best way to evaluate the property value is the gather the recent sales data and then compare to evaluate the property value. Do some homework gather the recent sales data of the comparable (the property which is similar to your property in type, size, and location). This can help the property valuer to find the value of the property in a more righteous way.

Know and share the reason of the property valuation – Look, it’s important to know the reason behind the property valuation. Discuss it with your property valuer, they are the true experts of the property world and unbiasedly they evaluate the value of your property. Know how you can increase the value of your home and which renovation plan can give you more returns on investment, property valuers are smart enough to suggest you. Keep your property’s document complete so it helps valuer to study and find the right value of the property.

These tips surely help you in finding the right value of your property. Hire the best property valuer like Melbourne property valuers for accurate property valuation services.

Why house flipping is good for you?

Hope you must have heard about the house flipping method. But if not then not to worry. This is the quickest way to make money in the real estate as you buy a distressed property, flip it (renovate it to increase its value) and then sell it with the core aim to make a profit.

The major concern is to gain the maximum profit in the shortest period of time. Yes, more the selling timeless the profit will be gained or vice-versa. As the house flipper tries to buy the real estate property at a discounted price, improve it and sell it for financial gain. The main motive is to earn more money. If you sell the property by making delay the cost of holding the property, maintenance cost, property tax fees property insurance premiums get to add on it and will eat up your property margins. So better to sell the flipped property as soon as possible. Even the renovation or improvement time also matters. This time also should be less to make more money. To know the actual market value of the property you should hire property valuer they all about the property market.

Here we are sharing the pros of house flipping process –

No longer wait – As the strategy demands less time so the investor can estimate and gain financial benefits that too in less time. You don’t even have to keep your money engaged in single investment for the longer time. Buy, flip and sell the property to make the profits.

Make more money in less time – The average time to make money in real estate six months and thus this process allows you to turn a profit quickly. Though that is not sure for every time. Yes, if you do it consistently you can become a pro and get good returns.

No tenants, no headache – Finding right tenants, keeping them, collecting rent, resolving their issues, is a big headache and eats up owners lots of time, money and efforts which are essential elements. And house flipping saves you from all this. As you buy, flip and simply sell it to get the good returns.

Distressed property – You buy unvalued or distressed property for flipping which usually cost you very less and you flip it to generate profits by increasing its cost and overall look. All you have to make prudent and shrewd decisions while choosing the corners for renovation. Invest in those renovations only which gives you good returns.

Less risky – As you are holding the property for such a short time period. So it is less likely to get influenced by the economic changes and property market condition. As real estate market changes over time and stock market get quickly fluctuated but when you choose the house flipping risk is very very less as compared to the other investments.

These are the pros of flipping. To know more about real investment and property valuation services contact us.

What qualities your investment property must hold?

Buying an investment property needs certain elements to focus on. Pro real estate investors know which elements to focus on while buying an investment property thus they get good returns on investment. It requires accurate analysis, precise prediction and sufficient fund to buy an investment property.

Property valuers Melbourne help naive real estate investors to invest their money wisely in real estate. Even property experts consider to have certain qualities in the real estate which helps an investor to generate good returns on investment.

Here we are listing down few essential qualities an investment property must hold –

  • Right Location – The most vital, important and crucial element to consider while buying an investment property is location of the property. You can change the property by renovating it but unfortunately you can’t change the location of any property. So consider location is the foremost important thing to consider.
  • Strong Safety System – When people plan to living in any locality they then find the level of security it possesses. The most important factor which people consider before buying the property is – Safe area. Which means property where crime rates are low or no and security systems are there to caught the thieves. Even some societies are using high tech safe guard systems to provide the security to the residents.

  • Good infrastructure – Property valuers suggest to invest money in those properties where the possibility of having development in the nearby areas. This increases the capital value of the property with time and ultimately gives you good returns which you expect after investing money in real estate.

  • Low vacancy rate – Buy the property type which is in demand. Even properties with low vacancy rate tends to have high demand and vice versa. The property should fulfill the requirements of the people thus it becomes first choice of the people and finding the potential tenant for the property becomes easy.

  • Great amenities – Amenities like having offices, hospitals, schools, gardens, clubs, shopping malls near the property makes it more likeable among the people. This makes the lifestyle of the people easier.

Take the advice from the property valuer before finalising the property related decisions. Their industry experience, vast knowledge and good analytical skills helps people to draw right decision. The core aim of real estate investors behind the investment property is to make money by selling it or by keeping it on rent. Thus it is essential to have good qualities an investment property should hold.

Buying an investment property is tough decision. As it involves huge amount of money and risk associated is higher. So better to take the right decision under the guidance of the experts.

Feel free to contact our experts they are always ready to assist you.

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Are you living in the same house? Even after retirement

You must to think twice if you are doing so. You are a retired being or soon going to retire in coming years. We all have certain plans regarding our life – the way we want to live after retirement. If you don’t have one, it’s a high time to think about it. Yes, especially about the ‘home’ – the place where you are still living. When you were young and had kids you chose big space, so your family can live properly.

But by the time children have grown up and moved to different cities or location for their career. It’s pretty obviously, the space or home feels big cause you don’t have even members to live there now.

In such cases experts like property valuer Melbourne suggest – “downsizing”. Downsizing is moving down from big home to small one. Even property valuations Melbourne support this as the benefits of downsizing are many.

When you choose to do so you are welcoming the new lifestyle as you require everything less there –

Less time needed – Home cleaning is the biggest task ever. Maintaining the home is essential too. Bigger the space, the more it takes time to clean, declutter, decorate and arrange. Small home requires less time in cleaning. Which saves your minutes in a day, hours in a month and hassles of maintaining a home. Thus, in saved time you can pursue your hobby and do what you like, thus you will get more me-time.

Less money – As you are going to retiree you have to think about your budget, finance also. Basically small home costs less as compare to big ones. You can keep it on rent. Small home rents are lower than big home. Even maintenance costs of small home is comparatively less. Flat and apartments are easy to maintain. For retirees it’s become easy to maintain a good lifestyle with a small home.

Less efforts – The time of retirement is near and your age is going up day-by-day. You feeling less energetic and more tired. What if you have to manage a home with four bedrooms? It is going to become an uphill task for you. So better to have a two bedroom home which you can manage well and easily. Thus downsizing benefits retires.

Sale and buy new small one – If you owns a big house you can sell it off and buy a new small one which will cost you much less than the sales price of your old big home. Thus you can save thousands of bucks and can invest that money in buying another real estate property. Which you can later keep on rental basis. Thus instead of one big property you can buy two (in some cases). One for your own purpose and second for rental purpose.

Hence the benefits of downsizing are many. We have listed down only a few. Property valuer says – Take a proactive approach to housing as you age, it’s better for later.

Hire property valuer Melbourne and enjoy the right valuation services when choosing downsizing.

Melbourne Property Valuers

Qualities which makes your Real Estate Agent distinguished

You need a real estate agent to make an informed real estate property decision. As agents have spent years in practicing and understanding the real estate market. Their deep knowledge benefits the real estate investors and simplifies the property buying and selling process.

Being a greenhorn investor you should take advice from real estate expert. But the most common question arises in the minds of the people is – On which qualities we should focus on while hiring a real estate agent.

Here to simplify your task we have designed a list of qualities a real estate agent should possess. So before selecting the one make sure to check these qualities are there in your real estate agent or not.

Great knowledge – Real estate agent should know all about the local market trends, current condition, recent sales, market price, properties on sales and more. They should know well about these things which helps a naive investor a lot. Well the investor doesn’t know each and every minute detail of the property world. So better to hire a real estate agent with updated knowledge.

Good connections – Real estate business is all about networks, contacts you have and connections you make. Good connections simplifies you task and helps you to crack more deals and get more work. Their connects will help you in home buying and selling process. They know money lender who grants loan at great deals, professional lawyers, financial managers, property valuers Melbourne and more. This makes investor task easier.

Provides you right information – A good and reliable property agent provides you right and real time information each time and every time. They keeps you updated and and never hide any essential information from you. Transparency is the essential in providing the information related to real estate. A Good real estate agent maintenance transparency.

Clear and precise – A good real estate agent first understands your requirement and then start the work accordingly. To fulfil your purpose is always a main motto of the real estate agent. Some even prepares a questionnaire and ask you to fill it in order to bring the best results and help you to achieve what’s right for you.

Works in every condition – Real estate property world changes frequently and every investor, buyer and seller – demand and purpose varies. This brings a challenge in the work of real estate agents. So better to work as a real estate agent who is more flexible to adapt the changes with every client and flexible in nature.

You can find a real estate agent with these qualities over online by search and surfing. Even you can ask your friends and family to recommend you the best one.

For best property valuation services, Property valuers Melbourne are famous. They are registered, qualified, well trained, well educated. Their years of experience will help you in making the sagacious property related decision.

Contact property valuers Melbourne for right and real time valuation. Have a happy investment with valuations melbourne.

Easy tips to rent out your property quickly

Earning money via generating rental income is the smartest way to invest your money in real estate properties. Finding the right, genuine and long lasting tenant for your investment property is a tough job. First you should hire a property valuer to evaluate the actual value of the property and then ask the property valuers Melbourne to find the actual and accurate rental value. Knowing the actual rental value of the property helps you keep your property on rent easily.  

Look we all know owning an investment property brings a lot of expenses. But if you are receiving good rental income then you will be able to pay your loan repayments, insurance and other maintenance cost associated with the property easily.

There are certain things which should be kept in mind while renting out your investment property –


  • Keep it clean and tidy – When prospective renters come to visit your property make sure your investment property is clean and clutter free. Dirty floors, peeled paint, broken tiles and collected trash in home creates a negative impression on the viewer. It is vital to keep your property well painted, up-to-date otherwise you won’t be able to get the right tenants for your investment property.



  • Repair, renovate or remodel it – Property demands maintenance. This is the pretty well-known fact and investors should keep it in mind. Monthly or weekly visit to the property is essential to known which part or corner of the property needs repairing. Your ignorance in the matters of home maintenance in the initial stages of the property creates trouble for you in future. So better to maintain, repair and if requires renovate the property timely. Well maintained property helps to attract the potential tenants.



  • Marketize your property – It is essential to disseminate the news of your property in the market in order to bring the potential tenants. You can marketize or advertise the property to grab the attention of right tenants. Plan your advertising strategy well to get the maximum exposure and returns on investment.



  • Maintain good relations with your tenants – Maintaining good terms with tenants, helps you to have longer occupancy. That’s what you want. Listen their problems carefully, resolve them timely so you could build good terms with the tenants which helps you to hold them.


Apart from this to put your property on rent you can hire property valuer Melbourne and property broker to know the rental value of the property and their expertise helps you to get the right tenant. Property brokers know well about the prospects and properties available on the market. Their work is to showcase right property to right tenant as per their requirements.

Property valuation services are essential before you make any decision related to the property world. Earn more money by renting out your property to potential renters.

Get the right valuation services by the property valuers Melbourne. Feel free to contact us anytime. Our experts love to assist you.

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Lessons you must learn as a Property investor

Wanted to be a rich? Experts will suggest you to invest in real estate. Yes, Investing money in real estate business with the aim to earn more money is right option for you. Hire a property valuer Melbourne and take the right advice from property valuer otherwise you put a dent in your profit margin and it can break your confidence too. Investing right amount of money at right time at right place is crucial in real estate.

There are certain things that you should learn from the Pro property investors to make money in real estate –

Property investment covers everything – Some people tend to misunderstand the term ‘property investment’ by property buying only. But it includes buying, renovating(if requires), finding potential customers and then selling it at right price. Property investment includes various stages. Smart property investors know buying property is the beginning of the journey in the real estate.

First your purpose behind the property buying should be clear, before buying the property. Ask yourself what you will do after buying the property? Either you will rent it out or sell it. If you are planning to keep your purchased property on rent then you have to find the right tenants. Who stays long and pays rent on time.

If you want to resell the property then you have to find the potential buyer and sell the property at higher price. Thus you can make money through real estate investment. Pro investors know all about property.

Property investment needs forecasting – Smart Investor calculates the future casualties, possibilities and profit margins and then makes the decision. Whether you are putting your property on rent or planning to hold and sell the property you need to pay for property maintenance. Being an owner you have to bear minimum cost of holding a property.

Pro investors calculate the cash flow accurately and effectively. They hold aside the contingency fund and then calculate the core profit. This process helps them to earn money in right way and it also reduces the chance of losses.

Property investment is uncertain – Real estate market fluctuates very much and it is completely uncertain. Even you plan the things properly but still market conditions turn around and changes the whole scenario. Good real estate property investors plan for the unsure things.

This makes them mentally fit and strong. It is not always the case when you win. Sometimes ball is in other’s court so better to plan the things strategically and be prepare for every outcome of your decision.

Patience is must as a real estate investor. Things and conditions changes with time. You have to keep calm and make the wise decisions.

Time is crucial in real estate business. Buy and sell property at the right time. This gives you good ROI (returns of investment). Hire Melbourne property valuer to know the market value of the Melbourne properties and then take the sagacious decision accordingly.

For best property valuation services contact property valuations Melbourne

All our property valuers are experienced and professional

Why people don’t buy some property

Whether you are an investor or vendor you want to sell out your property fast in order to make your next move in the property world. But selling real estate property and finding a suitable buyer for it is not an easy task. It is undeniable fact that there are lot many influential factors which affect the property transaction. You should work on those factors which you have control over and you should put some little efforts to sell your property fast. Keeping your investment property on market for a long time demands maintenance cost and lower the overall property price.

There are the reasons why homes don’t sell fast and why people don’t buy such properties. Because of mistakes are done by the property investors while selling it. In order to sell your investment property fast, it is advisable for the investors to take a suggestion from the property valuation VIC.

1. Incorrect pricing strategy – Every investor and vendor want to earn the profit. To fulfil this desire they overpriced the property which is the worst mistake they make. This leads to taking away the potential buyers. No matter how smartly your investment home is renovated never forget property buyers are smart now. They know the actual value of the property. So it is imperative for you to hire a property valuation VIC first and know the actual market value of it before announcing your property is not market for sale.

Tips – After location price is the second important things which are highly valued in the property market. Being an investor or property valuer you should set the right selling price of your property.

2. Poor quality renovation – While housing flipping or renovation or remodelling an investment property, you choose poor quality material and DIY task to save few bucks. Which is not right. Quality material speaks in itself. If you use low-quality material to cut your corners then buyers can easily understand the things and will show less interest or no interest in buying your property. There is the difference in cost efficiency and cutting your corners. Be wise in doing so.
You should not do the home renovations task just to save money remember only professionals can give you less quality work and poor quality work will cost you even more to rectify the mess you had created.

Tips – Choose the renovation task mindfully. Renovate those part of the house which needs improvements and very essential. Also, make sure your renovation gives you good returns on investment. You can even ask property valuation Sydney before starting the renovation.

3. Doesn’t fulfil their requirement – It is essential to target the right buyers to sell your home fast. If you are targeting the buyers having children and your investment property is not in the school’s zone. Then you are targeting wrong buyers. It is imperative to study the marketing strategy well. You should first understand the buyer’s need and then think does property fulfil the buyer’s requirement then only you should invest your time in approaching and convincing them otherwise not.

Tips- Understand the buyer’s need first and then related who you property resolves their problem. This helps you to sell your property fast.

These are the core reasons cause of which buyers don’t purchase the real estate property. For best property valuation services you can contact property valuation Melbourne.

We are the highest rated valuers in Melbourne

The perfect guide for Property research

Everyone wants to make a profitable deal and to earn money in the real estate property market. From finding the right property at the right location to know the returns on investment of the property (in which you had invested) or want to invest is all depends on how strong the property research you had done. The property research helps people to make the informed property decisions. To know the value of your home you should hire a home valuer.

These tips will help you to research well while putting your first step in the property world.

Financial research – The first thing you should do is financial research. It includes setting your budget, checking your funds, and knowing your limits of home loan. All you have to create a list of your assets, cash you have and check out your expenses. This helps you to know your affordability. Thus it becomes easy for you to create a financial balance and this will save from breaking the bank.

Type of Property – Once you have arranged your funds wisely then you have to think about the purpose which kind of property you want. Commercial or residential property or you are buying for your own use or investment purpose. Decide what type and for what purpose you need the property.

If you are buying for an investment purpose you should think like a buyer and its return on investment. If you are buying for your own use then you are free to choose the property which suits your pocket and fulfils your requirement.

Research the area well – If you are buying property for own use then research the locality in which you are planning to invest. It should suit your lifestyle and possesses the amenities you need. If you are planning to buy an investment property then you should consider the location with good returns on investment. Make a research about the vacancy rate, capital growth, house median prices. The surburbs or hotspots which are working well nowadays and research which is going to give you good ROI in future.

Now find the suitable property – Once your have completed your financial research, type of property, then your next task is to research about the property. You should check the property thoroughly before purchasing the property. Check the condition of the property, amenities available, make a research about property price. You can hire a home valuer for house valuation Melbourne. So you don’t have to pay much.

You can also take help of property broken in finding the suitable property of your choice. If you buying property for your own use then research it well. Select the few properties and then make a comparison. If you are buying an investment property then research the rental value of the property and then its future value. Check the capital grow rate of the property before buying it.

To hire the best home valuer for best home valuation services you contact us. We have a team of expert home valuers.