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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

Fri 10 Jan '25 with Rich Harvey Melbourne Property Market Outlook 2025

Fri 27 Dec '24 with Rich Harvey How to Finance your Future with Property

Fri 13 Dec '24 with Rich Harvey Property Market Outlook 2025

Fri 29 Nov '24 with Rich Harvey How to Make Better Financial Decisions

Fri 15 Nov '24 with Rich Harvey How Will the Future of the Real Estate Industry Evolve?

Fri 1 Nov '24 with Rich Harvey Sydney’s Lower North Shore - Perspectives and Insights

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Featured Property Anthony's Story

Home buyers

Circa: $300k

Tass Pattas

senior buyers advocate

M 0417 808 077

Melbourne, VIC

1 Bed

1 Bath

BUYERS' AGENT COMMENTS

My local client had a small budget to invest into a Melbourne apartment and residing in the outer northern suburbs, felt that his only options were the middle to outer ring suburbs, or close to CBD in developments with hundreds of apartments. The brief was he needed something tranquil to come home to, separate bathroom, close to all amenities including work and not necessarily requiring a car space. Using our full service offering we inspected over 25 units and were fortunate to land on this one. The development was a boutique 4-storey building with a ground floor retail shop. Each level comprised 2 mirror units with the subject being on the 1st level facing the rear. One flight of stairs was convenient as the building was devoid of a lift which also meant less OC fees. In fact, the OC bank account was flush with cash. The location meant that a car space was not necessary and being an avid soccer enthusiast being close to Albert Park Lake meant he could jog the tan and watch South Melbourne Hellas all in the one day. Having only 7 lots on 1 prestige site meant the land content value of the subject as a percentage of the purchase price was approaching 90% compared to 10-30% for a typical apartment, and here's the big one, the purchase price was $220,000 less than the CIV on the rates notice. I just love this story!!!

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