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Tips to get into Melbourne’s property market

September 15th 2017

Tips to get into Melbourne’s property market

It’s no secret that the Melbourne property market is going from strength to strength. Median house prices are on the up, and affordability is…not. Particularly if you’re looking for property in Melbourne’s most sought-after suburbs.

If Melbourne’s five year property forecast is anything to go by, there’s no certainty that the market is going to weaken anytime soon. So, how do Melbourne’s eager first-home buyers get into the market without moving to Timbuktu?

Other than being wealthy, here’s a few tips to get you into a fast-moving market (hint, planning is key!):

Take note of your spending, and adjust where you can

First thing’s first; make a list of what you’re already spending your money on. Every time you spend, write it down—and don’t forget those morning coffees and smaller spends as they all add up!

Then decide, what is a necessity? What could you cut down on? This way you can figure out how much you need to live comfortably, and how much you could afford to pay a week to the dreaded “M” word… mortgage! Budget, budget, budget until it comes time to sign the papers. Remember that the loan isn’t going to disappear for a long time, so you should still be able to afford doing the things you love!

Borrow the least amount you can

The more you have saved, the less you have to borrow and the less interest you will have to pay. Although the upfront cost will be ‘more’, running costs will be easier to manage.

Understand the costs involved

Conveyancing, owners corp., builder’s insurance, content insurance, utilities (such as gas, water and electricity) and council rates. This will allow for a much more transparent budget, and you know upfront whether you need to lower your search bracket to accommodate for the costs involved.

“Once you’ve saved that deposit, the next step is to chat to your bank or, better yet, a reputable broker to establish your borrowing power – this means how much you can afford to spend on a home in line with all of your other living expenses,” advised Property Consultant, Harley Toyle.

Figure out your exact price bracket

After the above steps and estimating your interest rate, you will know exactly how much you can afford. Don’t assume ‘a little more will be fine’, as once you have the loan, you NEED to be able to pay it.

Research, research, research

“Shortlist a handful of suburbs you’d love to buy into. These could be area you enjoy visiting, that are close to work or maybe even close to where you grew up,” continued Harley.

After you have narrowed down a list of potential suburbs, investigate the type of properties available and the price range. Do they match up with your requirements? If not, try searching a suburb out!

“In your favourite suburb you may only be able to afford an apartment, where as you might be able to secure something larger in a suburb you’ve only ever driven through to get to work,” said Harley.

Finally…

Buying your first home is not something that will happen overnight! You may even have all your finances sorted, but in a competitive market, rarely will your first offer on a home be your final offer. You also need to find a home that you will be happy in.

“When thinking of things to compromise on or sacrifice, it’s important to understand what you value, not what others value. How important is it that you’re close to public transport, local cafes, schools or parks? Is a garage important to you, or do you ride a bike? Having a good idea of your must-haves, want-to-haves and love-to-haves will help you recognise when the right home comes up, and give you the confidence to secure it,” Harley explained.

Good luck, and don’t forget to share your favourite tips with us!

Top cafés in Boroondara/Stonnington: Part 2

May 8th 2017

As voted by the Fletchers Balwyn North office

You’ve heard from our head office, but what do our Balwyn North office staff have to say about the cafés in Boroondara, Stonnington and surrounds?

“Balwyn and surrounding areas are established suburbs with tree-lined streets, and are really well serviced by transport and amenities–including cafés!” Said Fletchers Balwyn North Director, Jeremy Desmier.

Keep reading to find out which cafés you must visit, and what you need to order whilst you’re there!

Caffe Romeo (319 Doncaster Road, Balwyn North)

3/4 café latte
“Best coffee in town – I buy my beans from here as well!”
Jeremy Desmier, Director & Auctioneer


Source: Caffe Romeo’s Instagram

Via Roma Caffe & Gelateria (87 Doncaster Road, Balwyn North)

Stuffed risotto peppers with salad
“Great healthy dish to keep you going through the day. Via Roma Café is only a few doors up from our office so very convenient.”
Rino Presutto, Property Consultant

Cappuccino
“Great coffee, and George will always look after you!”
Nick Fletcher, Senior Associate & Licensed Estate Agent

The Counter (96 Auburn Road, Hawthorn)

7 hour slow braised lamb shoulder
Packed with locals relaxing and eating breakfast, and a great place to grab a takeaway coffee before work.”
Guy Coles, Senior Property Consultant


Source: The Counter’s Instagram

Ben Coffee and Kitchen (1058 Burke Road, Balwyn)

Wagyu beef burger with sea salt and rosemary fries
“Also known among my friends as “The Ben Burger”. The burger in the brioche bun is always juicy and perfectly cooked. The café has authentic chai, a vast range of coffee and a sunny little courtyard out the back – by far my most craved lunch spot in Balwyn!”
Erin Loudon, Property Consultant

Mr Hendricks (469 Whitehorse Road, Balwyn)

Prawn roll
“My favourite lunch meal is the prawn roll with celery and apple slaw on a charcoal bun. This café is great! It’s deceptively big and can fit lots of people without feeling crowded and has a delicious menu.”
Bei Cheng, Property Consultant 

Bobbi Beans (105 Bulleen Road, Balwyn North)

A Nutella doughnut & an affogato
“The coffee is of great quality and the staff offer the best service! A cosy and warm place to go on a cold day. During the warmer months I like to order Nick’s specialty – an affogato. They also have the best Nutella doughnuts in the area, and offer cakes and pastries as well!”
Rita Kara, Property Consultant

Italian doughnuts & coffee
“Their Italian doughnuts are to die for and the coffee is great! The friendly service, great atmosphere and fresh food make the cafe a definite winner.”
Helen Cameron, Personal Assistant to Jeremy Desmier


Source: Bobbi Beans’ Instagram

Aura Cafe Restaurant Bar (401/200 High Street, Templestowe Lower)

Coffee
“Part of the Manningham Centre (so not far from Stonnington) and open for breakfast and lunch.  The coffees are the BEST! The staff are fantastic; they know your order and get it ready while you’re still saying hello. The food is delicious and the desserts are to die for!”
Mary Maatouk, Property Consultant

Baba Sus (15-17 Bardolph Street, Glen Iris)

Hong Kong egg waffles
“The food never disappoints here!”
Clare Tan, Personal Assistant to Nick Fletcher


Source: Baba Sus’ Instagram

Bar Sur Loup (115 Bulleen Road, Balwyn North)

French crepes
“I especially love the La Bretonne Crepe (melted butter with homemade salted caramel sauce). A touch of France in the suburbs!”
– Tanya Huppatz, Personal Assistant to Daiman Kane

“I love the crepes! La Pomme Et Noix is my favorite with apple slices and walnuts in it. I also love the chocolate waffle, the great coffee, the range of smoothies and the babychino for kids.”
Claire Xie, Property Consultant

The Faculty (302 Barkers Road, Hawthorn)

The potato rosti benedict for a weekend brunch
Light and airy, this is a great café for coffee, breakfast or lunch. Staff are very friendly and the food is delicious.”
Rose Mulcahy, Sales Secretary


Source: The Faculty’s Instagram
Facebook Image Source: The Faculty’s Instagram

Have we missed any of your favourite cafés? Comment below so we can try them out!

Top cafés in Queenscliff & Ocean Grove

March 30th 2017

Good coffee and a tasty meal can take a while to find when you move to a new area. And let’s be honest, a good café culture is up there on the priority list when it comes to choosing a suburb to call home.

Fortunately, if you’re considering a sea change to the Bellarine Peninsula and its glorious bay side suburbs, you will be spoilt with choice when choosing a new ‘local’ to fulfill all of your foodie needs.

As well as an eclectic mix of boutique wineries, breweries and cheesemakers, there’s no shortage of quaint cafés and bustling restaurants to sit and take in the scenery while enjoying local produce and good coffee.

Fletchers Bellarine director, James Gladman believes the Peninsula is a fantastic spot to live, with lots of great places to stop for a coffee or a bite to eat.

“I feel extremely lucky to live in Queenscliff on the Bellarine Peninsula.We are spoilt with amazing beaches, schools, historical landmarks and a relaxed and friendly community feel.

“Surrounded by beautiful wineries and cafes, the Bellarine Peninsula is the ideal place to live,” says James. 

To help you find the perfect Sunday brunch spot—or a place for a morning coffee dash—the staff from Fletchers Bellarine have shared their favourite café picks in the area.

Here’s Fletchers Bellarine’s top café picks:

Belsize & Co – 67 Hesse Street, Queenscliff 

 “Amazing coffee and they deliver to the office!” Robyn Packham, Chief Operations Officer

Yard58 Café – 58 Hesse Street, Queenscliff

 “Cute little café with a nursery attached. Pretty garden area to sit and have a coffee or lunch.” Charles Caldwell, Property Consultant 

 

 

 

 

 

 
 

 

Groove Café – 56 Wallington Road, Ocean Grove 

“Serving great coffee with a friendly atmosphere” Liam Rock, Property Consultant

Uncle Jack’s Café – 82 The Terrace, Ocean Grove

 “Yummy food and delicious coffee with a fun and friendly environment” Hannah Taylor, Administration Officer 

 Beaches Café  & Icecreamery – 74 Hesse Street, Queenscliff

“Fresh, affordable and tasty wraps and salad sandwiches. Favourite breakfast stop to fill you up for the day!” James Gladman, Director 

Property styling – is it worth the money?

March 16th 2017

 

Once considered an exclusive service reserved for luxury homes with high price tags, professional property styling is now common practice, and a worthwhile one at that.

As well as making your property stand out amongst the crowd, professional stylist, Ali Waight says there are plenty of advantages to styling your home prior to sale

“Property styling isn’t just about making a house look pretty. Stylists can also create new rooms in homes to lift the sale price.

“I have created an extra living room in properties to capitalise on unused space, or changed a three bedroom home to a four bedroom and added a study in a vacant nook of the home,” says Ali.

And it’s not just larger rooms and fancy décor that makes property styling worthwhile. Creating the right atmosphere is the key to selling faster and for more.

“Property styling is different to interior decorating. When you engage the services of a property stylist you are engaging a professional who knows the real estate market and know how to bring out the best features of your property.

“Styling your home can create the right atmosphere to really hook buyers. We style properties to appeal to the property’s target market.

“It’s essential to stand out from competing properties on the market, and that’s the edge that having a stylist gives you”.

Will I make my money back? 

While there is a cost involved in professional styling, it seems you won’t be out of pocket for too long.

Fletchers Senior Property Consultant, Trevor Buhagiar, believes property styling is invaluable when it comes to selling your home quickly and for a great price.

“It really does make a big difference to the end result. I’ve found that professional styling increases the property value by up to 10 per cent and in most cases, the property sells within 4 weeks.”

Best of all, Trevor says his vendors have recouped the cost of professional styling in ‘bucket loads’.

“I’ve seen many tired and basic homes become lively and exciting simply with styling that grabs the attention of the target market.”

And if you’re thinking of doing a styling DIY, Trevor has some great tips to get you started.

“It’s important to focus your time and money on the areas that will add the most value.”

Tips:

  1. 1. Declutter, declutter, declutter! Removing excess clutter will help potential buyers see the true size of the rooms and picture their own furniture in the home. And it doesn’t cost a thing!

  2.  2. Use furnishings that complement the property and that will appeal to your target market. For example, style the property in accordance to the theme of the home, i.e. if the property is a Victorian style home, then use items that match in with the period home. A newer home should have sharper furnishings.

  3. 3. Don’t forget the backyard. Many buyers are looking for lifestyle and a place where they can entertain friends and family. Cleaning the garden and cutting back overgrown trees and plants is essential – it will allow potential buyers to imagine themselves enjoying the space.

Photos contributed by Ali Waight, professional stylist