MELBOURNE’S MILLION DOLLAR CLUB GROWS

27 Jul 2017 By: Greg Hocking 0 Comment

Did you know that more than a third of Melbourne’s suburbs now have a median house price above $1 million? Information released by Domain Group over the weekend shows that 13 suburbs have joined the list over the past three months – taking the total to 128. Newport and Flemington in the west, Oakleigh and Cheltenham in the south east, and North Warrandyte in the outer north east are some of the new suburbs now boasting a $1 million plus me... Read more »

GREG HOCKING EXPANDS NETWORK WITH ELEMENT REAL ESTATE, BOOSTS PROJECT MARKETING CAPABILITY

20 Jul 2017 By: Greg Hocking 0 Comment

Greg Hocking Real Estate is excited to open the doors of its South Yarra office. Bringing our rapidly expanding network to 13 offices throughout Melbourne, this partnership with respected project marketing firm Element Real Estate will further extend our capability in the disciplines of property development and project marketing. Offering a comprehensive suite of real estate services including residential and commercial sales, leasing and p... Read more »

SELLING PRIVATELY? ASPECTS TO CONSIDER

11 Jul 2017 By: Greg Hocking 0 Comment

While recent data suggests that Melbourne is the auction capital of the world, selling by auction is not necessarily the right choice for everyone. Along with vendor preference, aspects such as local market conditions, property type and buyer interest levels may dictate that private sale is a sensible option for your property. In fact, certain areas – and certain properties within an area – will achieve a better result when sold via privat... Read more »

MY TAKE ON AUCTION STRATEGIES

27 Jun 2017 By: Greg Hocking 0 Comment

Wear a suit or dress down in casual clothes? Stand at the front where you can be seen, or hide out the back? Make the first bid or hold back, hoping to come in at the end with a knockout punch? I’m asked about the effectiveness of these and many other auction strategies regularly. It’s an interesting topic – while ultimately a property will sell to the highest bidder, there are a couple of aspects I suggest potential buyers consider to g... Read more »

IS SELLING IN WINTER RIGHT FOR YOU?

15 Jun 2017 By: Greg Hocking 0 Comment

Winter has certainly arrived with a vengeance, with Melbourne shivering through some particularly chilly nights. In fact, the cold snap has been so pronounced that Mount Buller opened a week prior to the expected start of the snow season. I’m often asked about the merits of selling during winter, and my response has been consistent for years now – I think the days of a “sell in spring, wait in winter” mentality are behind us. So long a... Read more »

A HOT WINTER

1 Jun 2017 By: Greg Hocking 0 Comment

As Melbourne braces to enter winter proper this week, its property market continues to emit summer-like heat. The city’s auction clearance rate has not dropped below 75% since January 1; a truly remarkable result underlining the robust health of local economics and lifestyle. Weekly auction numbers remain consistently above 1,000, 1,350 this week, according to CoreLogic. Of those reported, 77.3% successfully sold. Earlier this year som... Read more »

SMALL HOUSING WITH BIG STORAGE SMARTS ON-TREND

15 May 2017 By: Greg Hocking 0 Comment

Have you noticed tiny homes are all the rage right now? Like hordes of others I am more than slightly intrigued by this latest global housing trend. Tiny Homes – yes, capital T and capital H – have fan bases, owner associations and their own reality TV programs. In the US, for example, there are even Tiny House conferences and villages dedicated to housing the homeless. Here in Melbourne do not expect to see a 10-square-metre dwel... Read more »

THE FEDERAL BUDGET AND THE PROPERTY MARKET

2 May 2017 By: Greg Hocking 0 Comment

The Australian Federal Budget 2017 looms on the horizon. On May 9, the Federal Government will publish its economic policy plan; voters will learn how it impacts the country’s property market. This lead-up time is often an uncertain time for prospective vendors and buyers who want to know what lies ahead before making binding property decisions. I do not know what is in the Budget. That’s a job for the Treasurer. But one thing I d... Read more »

ANOTHER PERFECT WEEKEND OF AUTUMN HOUSING SALES

27 Apr 2017 By: Greg Hocking 1 Comment

Melbourne was the nation’s property market powerhouse this week. Our capital city surged back to full-tilt after its temporary pause over the Easter weekend, with 823 auctions taking place across our suburbs. It was more than any other capital city and, critically, a lively 76.8% of reported auctions returned sales, according to sales data provided by CoreLogic. Sydney claimed second place with 75.8% of 585 listings clearing this week.... Read more »

EASTER A TIME TO REFLECT

18 Apr 2017 By: Greg Hocking 0 Comment

Easter is a precious time to reflect and, if lucky, spend time with our loved ones. I do hope you have been able to unwind these past few days as we pass the half-way mark of autumn 2017. This year sure waits for no-one. The real estate industry also took a short breather this long weekend compared to recent weeks when 1,000s of auctions have taken place. We still held more than 100 auctions across our suburbs – and almost 83% of th... Read more »