The Wakelin Blog

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Richard Wakelin talks to Channel Seven News

Richard Wakelin talks to Channel Seven News

Last night, Richard Wakelin was interviewed by Channel Seven News about the state of the Melbourne property market. See here (after short broadcaster's advert) for story, which includes his tips about where to buy and where to avoid. (Like this post? Click here to have future blog postings sent directly to your email)

Managing growth seemingly beyond our control

Managing growth seemingly beyond our control

We witnessed a fascinating, but ultimately frustrating panel discussion this afternoon at the Property Council-hosted Growth Summit Business Lunch , in Melbourne.  Fascinating as the panel, broadcasters Virginia Trioli and Waleed Aly and writer Sophie Cunningham, provided an excellent discourse on the obstacles a rapidly growing Melbourne must surmount if we're to maintain our much-touted liveability status...

Melbourne property investment market operating smoothly

Melbourne property investment market operating smoothly

I want to let you in on a little secret.  Despite all the media commentary about falling clearance rates, buyers sitting on their hands and vendors fretting about the value of their property, the Melbourne investment-grade property market is operating very effectively. Each weekend, there are around 20 properties scheduled for auction in Melbourne that we have identified as investment grade...

Investors: pay heed to housing preferences study!

Investors: pay heed to housing preferences study!

Meeting accommodation requirements and proximity to amenities dominate the preferences of Australians’ housing needs, according to a study by the Grattan Institute. A total of 706 Australians across Melbourne and Sydney were asked to rate their preferences across 56 criteria within four categories: house features, security and safety, convenience and access, and attractiveness of environment...

What not to buy

What not to buy

A great piece in yesterday’s Age by Simon Johanson reveals the types of properties our big four banks are unwilling to lend against. It should be required reading for any would-be investor.  The blacklist includes: All National Rental Affordability Scheme rentals Serviced apartments Resorts Student accommodation Inner city high rise apartments Cottages on the coast west of Melbourne A Melbourne Flinders Street office building conve...

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