The Wakelin Blog

Jarrod McCabe and Howitt Partners' Charles Howitt consider how much spare monthly cash flow is required to finance an entry level ($400,000) investment-grade property, based on the following assumptions: Investor borrows $400,000 100% LVR, secured with home Transaction costs paid up front with cash Mortgage interest rate of 5%, interest only Gross rental income of 3.5% 25% of gross rent allocated to management/maintenance costs...

View the report from ABC TV's The Business on State Governments' announcement that they will be writing to property spruikers, including Richard Wakelin's reaction.   Want to automatically receive our blog updates? Subscribe to our RSS feed and you'll be sent an email each time a new entry is posted.  Click here.

Don’t be surprised if there is a knock on your door or letter in the post in coming months from a friendly developer.  Contain your joy if they make you an unsolicited offer that seems generous even in today’s strong market.  And definitely don’t start negotiations until you’ve sought independent advice. Be wary because you may be the target of a clandestine raid to secure your property on the cheap...

The Melbourne Cricket Club (MCC) recently drew attention to East Melbourne when two of its National Trust recognised properties were sold at auction for several million dollars apiece. It reinforced East Melbourne’s reputation as an exclusive hamlet...

Richard Wakelin takes a look at the art of conveyancing Extroverted show men and women populate the residential property industry, or at least that’s how it’s usually comes across; be it the stereotype of auctioneer as the big tent ringmaster or the look-at-me buyer agent with a funny hat or gold medallion...