News


The truth from the factory floor.


It has been a very busy month and a half at Integrity Real Estate. Although stock volume was very high at the turn of the financial year June 30, the month of July would determine whether or not sales results would stand up against the barrage of media advertising touting a “market softening”. Without holding you in suspense, the answer is: sales maintained strong. Majority of clearances in the month of July and into August were properties on small acreage in excess of $800k and $900k. This bodes very well for the local market, as it shows that (as predicted) the Kinglake Ranges remains mostly immune to a market relapse that is occurring in suburbs reliant upon the once-almighty Auction. But this comes with a condition. The Reserve Bank of Australia (RBA) recently decided to keep the official cash rate on hold at the record low setting of 1.50%. The RBA determined that global and domestic economies remained positive and were generally remaining buoyant. On a domestic...

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What does property & Bitcoin have in common?


If you watched the news or scrolled through your Facebook newsfeed around October last year, chances are you were introduced to bitcoin. This crypto-currency caused quite a stir, being the headline act for a new transaction system that increased the efficiency of currency exchange and threatened the necessity of a central banking system. To that end, if you mention bitcoin to a passer-by or family member they may look at you like you’re wearing a tin-foil cap. People tend to group crypto-currency investors into the same category as conspiracy theorists, but there is serious merit and technology behind the popular buzz. However, that is a topic for another day. What is interesting about bitcoin, from a real estate point of view, is how public attention altered its value. Bitcoin gained traction as a “get-rich-quick” scheme, with many starry-eyed investors dumping money into the currency on reports of massive, immediate returns. Although bitcoin has been around for...


Let's talk about rentals


  The Kinglake Ranges has always been a popular destination for investors.In fact, many established residents have started in the area by purchasing a property, be it vacant land or an established home for rental investment, with the intention to move long-term. Many homeowners, with great foresight, sat on these investments through seemingly slow fiscal years and either sold in peak markets down the line to move to Kinglake or swapped properties, renting the ‘suburban’ home in favour of raising the kids or retiring in the country. For some, the last 24 months of profitable returns has also been a bonus, allowing astute investors to buy and rent, buy and flip, or even do both in the same market and still come out ahead. In two cases recently, Integrity facilitated multiple transactions where a client sold their first home, purchased an investment to flip, and secured another property with the intention of building their long-t...


Kinglake West is Melbourne's Outer Ring HotSpot according to Real Estate.com!


"15 minutes onto commute a ‘non-issue’ for buyers in the east" William Verhagen, Branch Manager at Integrity Real Estate in the Yarra Valley, is not surprised to see Kinglake West top the list of growth areas in Melbourne’s outer ring. The suburb saw a whopping 55% capital growth in the past 12 months with a median house price of $613,500. Verhagen says buyers that were originally interested in suburbs such as Yarra Glen and Whittlesea were now looking further out to bucolic Kinglake West, which is a 35-minute drive from the former and just 15 minutes from the latter. This attractive alternative still allows them to commute to work but also provides a more affordable lifestyle, he adds. Verhagen says the buyers interested in Kinglake West are there for more of a longterm plan rather than a “flip and sell”. They are owner occupiers who are making gradual improvements to their properties, which is another factor playing into the growth of the area. Co...


Quarterly report for Summer


As predicted, with an ease into the calendar year in January, February has turned out to be a busy month. The proof is in the pudding: properties will still sell without advertising. Integrity continues to sell premier properties for high results on the private market in Kinglake and Kinglake West—the last three sales Integrity made in Kinglake and Kinglake West all sold above reserve without advertising. That being said, exposure is always the key to a strong result, so vendors should consider paid advertising to be a short-term cost for a long-term gain. In the world of Council regulations, owners of acreage properties (between 5 and 100 acres) in the Farming Zone should be aware that lending on acreage is becoming more difficult. This is a combination of restrictions on banks, and intensified planning regulations from Council.If you own acreage in the Farming Zone, it is advised that you look into securing a planning permit before selling. Not only will this increase the value...


NEW YEAR NEW MARKET


 The word on everyone’s lips is: what will the market be like in 2018?   Having sold a high 22 properties in its last quarter, Integrity Real Estate has cruised into an expected ease after the holiday season. Many homeowners are uncertain about selling, largely because they are unsure where to invest or make their next move. This is largely because Melbourne’s market grows from the city outwards, making relocating closer to urban centres challenging. Many homeowners feel they have to achieve very high prices to justify moving.   For many residents this has been made possible by the strong results they have achieved, allowing them to comfortably downsize or relocate, but the question about the plateau in the market is not a matter of if but when.     In 2007, Melbourne had approx. 17 suburbs in the “million dollar club.” Currently that number is 154, according to Richard Simpson, President of the Real Estate Institute of Vic...