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The Wakelin Blog

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‘Horror Budget’ will not dampen property market – Richard Wakelin

‘Horror Budget’ will not dampen property market – Richard Wakelin

The ‘Horror Budget’ is unlikely to hinder the residential property market. Although it may sound counter-intuitive, the sustainability of the property recovery will actually be helped by the response of consumers to the Federal Government’s austerity measures. It greatly reduces the likelihood of over-exuberance in the property market – which is already performing very strongly – and this subsequently transmitting into price inflation...

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How to make your Expression of Interest a smile

How to make your Expression of Interest a smile

Expressions of Interest are the squally waters of the residential property high seas. Even experienced buyers navigate with great care, and proceed at low knots. A property sold by ‘expressions of interest’ (EOI) is essentially a private sale where the agent doesn’t provide a sales price. The onus is placed on prospective buyers to submit their best offer...

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The property deal breakers that aren't

The property deal breakers that aren't

Property investment asset selection philosophy should boil down to three words: ‘be really picky.’ Indeed, much of our working week is saying “no, net, non and nicht.” This predilection for the no word is a simple function of an onerous asset selection filter for would-be investment properties...

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Time to raise the rent?

Time to raise the rent?

It’s the busiest time of the year for property managers as they deal with the post-summer holiday’s annual spike in demand for rental property.  Leading this annual migration are flocks of new and returning tertiary sector students as well as newly-hatched graduates seeking a perch within commutable distance of their new workplaces. But it also includes many established workers, who use a new year to mark a change in their work and nesting arrangements...

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