Market Update

Posted on 19 Sep 2013, 5:27 p.m. in Abercromby's, Market Updates, News

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Spring has sprung!

The spring residential real estate market for 2013 will be hotter than ever.

The weather is getting warmer, the days getting longer and the flowers are blooming.

The Federal election is finally over with a new government that will give us a clear direction for the next three plus years.

Stock levels for the next three months will increase dramatically, continued improved confidence and low interest rates will see a wonderful selection for buyers in all price points.

At Abercromby’s, 71% of our business is by private sale. We have built one of the finest international databases of clients /buyers – from expatriates in Hong Kong, Singapore, London and Dubai to migration agents in Asia and beyond.

We have a number of well qualified prospective purchasers wanting to buy quietly and discreetly “off market”.

If you are considering selling or would like to learn more about the Luxury and Lifestyle specialists please feel free to contact us on 9864 5300.

Rental Update

Posted on 19 Sep 2013, 5:25 p.m. in Abercromby's, News, Renting

Its spring in the city, with the warmer weather bringing out the crowds!

We have seen increased numbers at our inspections which is translating into properties leasing quickly. There is currently still a shortage of larger family homes with some clients having budgets of up to $3000per week to spend. We expect this demand to continue as we head towards the end of the year.

Whilst the market continues to be strong, landlords need to consider the following point’s in today rental market:

• Be willing to negotiate rentals with tenants and meet the market. If you have been lucky enough to achieve a higher rental previously, understand the rental may not always go up with the next tenant
• Have a buffer account for renovations. Remember rental properties deteriorate over time and it’s important to freshen up your investment between tenancies.
• Hold on to good tenants by keeping rental increase to a minimum.

Should you like more information on our property management services, or if you know of anyone who may need our assistance, Myles can be reached on 98645353 or mobile: 0433916155.

First time offered in 35 years

Posted on 19 Sep 2013, 5:21 p.m. in Abercromby's, Just Listed, Selling

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27 Linlithgow Road, TOORAK

First time to be offered in 35 years this classic Tudor style 1940’s duplex, in this highly sought after tree lined street, is to be sold as one. Both dwellings offer comfortable three bedroom accommodation with bright entertaining spaces and formal zones, ripe for renovation. Very close to excellent schooling and parks, waking distance to Toorak Village, Kooyong shops and train station. Land 750 sqm approximately. Future possibilities could suit redevelopment S.T.C.A

Inspection Times: Sat 21st Sep, 3:00pm-3:30pm

Property Agents:
Jock Langley 0419 530 008
Tim Derham 0438 332 844

Bought : 10 Yarradale Road Toorak

Posted on 19 Sep 2013, 5:12 p.m. in Abercromby's, News, Sold

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A crowd of 80 or so are comfortably gathered in the backyard of this 1930s home.
Seated on the outdoor furniture and behind trees many look more prepared for a
drink with an umbrella sticking out of it then they do for an auction. A vendor
bid of $4,200,000 is casually lodged by auctioneer Tim Derham… read more

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