How Winter affects the property market.
Prop Culture Blog
by Dianne Kristel Catindoy
4d ago
Winter in Melbourne brings more than just chilly weather and cosy evenings by the fire. It also ushers in unique dynamics within the real estate market. If you’re considering buying or selling property during this season, understanding these trends can help you make informed decisions. Here's a look at how Melbourne's real estate market behaves over winter, particularly in terms of stock availability and off-market sales. Lower Stock Levels One of the most notable trends in Melbourne’s real estate market during winter is the reduction in the number of properties listed for sale. Several factor ..read more
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Building Inspection Deal Breakers OR Deal Makers!?
Prop Culture Blog
by Dianne Kristel Catindoy
2w ago
We’re going to preface this by saying that when it comes to property and building inspections, everything is relative.. Relative to the property type, age, renovation, location, price point etc etc. What’s important is how you interpret the information. We expect 99% of the reports we get to come back with some form of defects.. Some are more problematic and expensive than others. Instead of being thrown or turned off by the long and intimidating reports which literally point out everything that’s wrong with the property.. It is important to take into consideration if you were expecting the is ..read more
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Restrictive Covenants… Oh My!
Prop Culture Blog
by Dianne Kristel Catindoy
1M ago
Starting this off with an important reminder that we are fully aware that we are not lawyers. Property lawyers and conveyancers are the best people to turn to on matters like covenants and property contracts in general. We rely completely on their guidance and advice when it comes to matters of the law. They are the ones who (if given the opportunity prior to purchase) will alert you to any covenants you need to be made aware of.  However, as a buyer, there is some ground-work you can do (before you start throwing contracts their way for formal review) to get an idea of the state of play ..read more
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How To Navigate The Auction Pass In.
Prop Culture Blog
by Dianne Kristel Catindoy
1M ago
We know you’ve been preparing your outfit in preparation for your big social media announcement, visualising yourself popping bottles in celebration… But before we get ahead of ourselves, let's prepare for game day first shall we?  Specifically, what you plan to do if you are the highest bidder, but the auction has not yet reached the vendors reserve and the property is passed in to you. The agent approaches and leads you inside to negotiate…. It’s a very daunting moment for those who have not experienced it before.  There’s a few things you can do to prepare yourself… 1. Know your ..read more
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The $500k ‘Glow Up’ - A Case Study You Don't Want To Miss!
Prop Culture Blog
by Dianne Kristel Catindoy
2M ago
We uncovered this townhouse pre-market for a client, it wasn't in the right area for them unfortunately so we didn’t pursue.. However, we saw what it could be, and so did the eventual buyer! There are so many takeaways in this transformation... So let's get into it! The facade  The face of the home, the street presence, can make or break a property. If it doesn't lure buyers in from the start, forget it. These owners have gone with a simple coat of ‘appeal to the masses’ paint.. Likely Dulux domino and lexicon quarter.. They haven't changed the fence, or done any outstanding landscaping ..read more
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‘Right-Sizing’.... It’s A Rebrand!!!
Prop Culture Blog
by Dianne Kristel Catindoy
2M ago
You’ve all heard the term ‘downsizing’, and you’ve likely also heard of ‘upsizing’.. A client recently referred to both processes as ‘Right Sizing’ .. and it was a light bulb moment for us! Whether you’re busting at the seams of your current abode, or rolling around a big ol’ mansion using 2 of the 10 rooms.. It’s a daunting task to buy and sell property in the same period and can often seem like a mountain too big to climb. Here’s a few key points we talk through with our clients before embarking on the journey of right sizing their home…. Should I buy first or sell first? This is a common di ..read more
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Are Investors Selling In 2024?
Prop Culture Blog
by Dianne Kristel Catindoy
3M ago
And will it help you find your dream home…. We've got our ear to the ground when it comes to Melbourne real estate, we hear first hand from agents all around the city. The word on the street is landlords are putting in the call, looking to offload their investment properties...  There are likely a number of reasons behind the influx of landlords looking to exit the rental market. Increased land tax fees probably topping the list for many investors. Along with increased rates, new laws favouring the tenant and an increase in compliance. It could also be a case of wanting to sell because ..read more
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Electric Vehicle Charging Stations
Prop Culture Blog
by Dianne Kristel Catindoy
3M ago
Do they stand to increase the appeal of a house or area?  Electric Vehicle purchases are on the rise globally, which poses the question of whether property is going to need to keep up with the growing need for on site charging stations, or risk the possibility of being less desirable to future buyers.  With exciting models launched in 2023 there were more electric cars registered in Australia than ever before, accounting for a total of 7.2% of all cars registered last year. Those figures are set to increase again in 2024 as more people transition to lower carbon lifestyles.  Wi ..read more
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A Real Life ‘Glow Up’ - Case Study
Prop Culture Blog
by Dianne Kristel Catindoy
6M ago
Buckle up for a real estate tale that’s got it all — killer purchasing strategies, a bit of elbow grease, and a house that went from 'meh' to 'cha-ching'! We're going to spill the beans on one of our awesome clients who turned a property into an investment goldmine, with a whopping 17% growth over just three years of ownership. They did it all with just a few nifty tweaks and a solid property foundation. The key factor to this success story was buying a house that had the goods from the start. North facing living and outdoor entertaining areas, solid brick construction, free flowing floor plan ..read more
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4 Easy Ways To ‘Glow Up’ Your Home
Prop Culture Blog
by Dianne Kristel Catindoy
6M ago
If you're itching to give your home a fresh new look without breaking the bank, but also adding overall value to the property, you're in the right place!  Let's talk about four easy and budget-friendly ways to 'glow up' your home. 1. The Power of Paint One of the quickest and most effective ways to transform any room is by giving it a fresh coat of paint. Whether you're feeling bold and adventurous or leaning towards a more neutral palette, the right colour can completely alter the mood of a space. However, if it’s capital value you’re looking to add, you need to consider how long you’re ..read more
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