Ballarat is a major Victorian regional city, just over 100 kms north-west of the state capital Melbourne. Jarrod McCabe, director, Wakelin Property Advisory, interviews Tim Valpied, director, Jellis Craig Ballarat, as part of the Rewarding Property Decisions series, about the nature of the city’s residential property market and its performance since the start of the covid-19 pandemic in March 2020.
The prohibition around physical inspections in Melbourne is obviously going to limit any vendors from commencing new campaigns, probably until at least early September but potentially even until the 13th, 14th of September when we do come out of lockdown.
Jarrod McCabe of Wakelin Property Advisory and Stuart Wemyss of ProSolution Private Clients considered the factors that may either help or hinder the property market in coming weeks and months, and then weighed up the likely impacts and buyer opportunities during the balance of 2020 and into 2021.
Rental property management insights on working with distressed tenants plus how to navigate the Melbourne rental listing market to find a new tenant during the coronavirus pandemic.
Jarrod McCabe takes a look at the Melbourne rental market. He discusses how confidence and trust is improving within the vital tenant-landlord relationship, now that the terms of the government covid19-related rules and relief for landlords and tenants are clearer. Jarrod also discusses the sales market implications of reduced restrictions on physical open for inspections and auctions.
Finance considerations in Melbourne’s coronavirus-affected property market. Including lending accessibility, approval time frames and cost of borrowings, plus, in these straitened times for some landlords, potential cash flow strategies including accessing government assistance. Includes property and rental market overviews.