Castran Gilbert are at the forefront of technology in Real Estate sales. Our Toorak Road office provides a location and profile second to none. Our sales force is the largest single office operation in Melbourne with 22 sales people.
Paul Castran his team have a combined experience of 50 years providing the most up to date and accurate Real Estate advice.
Our negotiating skills and level of expertise is the envy of the Real Estate industry. In fact, we are the agent that other agents choose when they wish to sell.
Paul Castran
www.castrangilbert.com.au
Melbourne is, with some justification, known as the auction capital of the world. But that doesn’t mean that an auction is our automatic recommendation.
We would be inclined to recommend a PRIVATE SALE, if:
- You can’t face large numbers of people inspecting your property.
- You are in no hurry.
- You have a desire to keep the sale relatively low-key.
In the absence of these factors, we recommend an AUCTION, for several powerful reasons:
- The selling period has a fixed time span, which precipitates a definite result.
- The publicity and timing of an auction frequently stimulate PRIOR OFFERS. The pressure is on the prospective purchaser, not you.
- The successful bidder at an auction enters into a binding unconditional contract on the spot, with the terms and conditions previously approved by you. There is no opportunity to “cool off” without forfeiting a substantial deposit to you.
- A property such as yours will attract genuine buyers and is in a desirable location therefore it is the competition between them that so often drives the price up. This is the main reason for the popularity of auctions in inner suburban Melbourne.
Paul Castran
Presentation is the key to achieve the highest possible sale price.
Nothing is clearer than when you look at how Australia’s great retailers present and merchandise their products. For example; Sportsgirl illuminate, air-condition, merchandise in size and colour and display in the highest retail fit out possible. This enables a substantial margin.
Presentation of your most valuable asset is paramount. We would suggest that one of Castran Gilberts representatives advise you on a case by case basis before you sell.
Paul Castran
Melbourne’s residential vacancy rate is hovering at around 0.5%. This is the lowest vacancy rate since records have been kept 40 years ago!
Economic forecaster, BIS Schrapnel have reported that they expect residential rents to rise 50% over the next 5 years as there is an acute shortage of rental stock available.
Victoria’s current immigration is approximately 88,000 per year and Australia’s population is growing at the fastest rate since 1947.
Given these economic parameters, it is clearly a great time to buy real estate.
Auction clearance rates have fallen from 80 odd percent 12 months ago to around 53% currently giving further opportunities for people to purchase good value in the market.
The current economic commentary is that official interest rates are reported to fall to 3.75% by March next year!!
With falling interest rates and increasing rental values and the pressure put on available stocks with the first home owners grant, there is a cocktail for rapid growth in the under $500,000 market.
Paul Castran
www.castrangilbert.com.au
Right now the Federal Government is stimulating the ‘first home buyer’ end of the market increasing the current state grant of $7000 to $14,000. The boon is, that if people purchase a new property between October 14, 2008 and June 30, 2009, the grant increases to $21,000 and if they purchase a property that is new and under $500,000 the grant increases to a massive $26,000!!!
This, coupled with the falling interest rates, has provided an opportunity for first home buyers that had previously been shut out of the market to take the opportunity!
Paul Castran.
The “Blog” is a new feature to Castran Gilberts’ website which will see you regularly updated with what’s going on around the property market place!
If you haven’t bought, sold or rented in a while it’s very easy to fall out of the loop.
Paul Castrans constant dealings within the property sector will see you get regular and relevant info.
Remember to log on and keep up to date with this handy little feature!!
Paul Castran
Paul Castran and Castran Gilbert are now utilising online video hosting service YouTube, to post regular video updates to their customers about the state of the Australian Real Estate Market.
Go to www.castrangilbert.com.au to see the first video post.
Paul Castran.