Autumn 2023 | Courtesy of Flynn & Co Real Estate Your local market update
2022 ended up being a turbulent year for the Melbourne property market. Home values fell -9.6% from the February 2022 peak, but there are already signs that things may be turning around. April brought the second consecutive month of growth after a year of falls. Lenders are actively introducing enticing offers to attract customers, with many reducing fixed interest rates. According to Steve Mickenbecker, Executive of Financial Services at Canstar Group, 32 lenders listed on Canstar’s database have recently decreased fixed rates for owneroccupiers. This trend indicates that the market is expecting a decline in variable rates in the near future. Furthermore, a significant number of Australians will soon qualify for the Federal Government’s Home Loan Guarantee Scheme. This scheme enables prospective home buyers to purchase a house with a mere 5% deposit and avoid the expense of mortgage lender’s insurance, as the federal government acts as a guarantor for up to 15% of the loan. Starting from July 1, the eligibility criteria for the scheme will be expanded to include friends and family who wish to pool their resources and purchase their first home together. Within the local market, there are distinct segments, including A-grade family homes and neat investment-grade properties, which continue to experience robust demand. These segments are expected to perform exceptionally well and are likely to retain their value, with many demonstrating resilience in the face of market fluctuations. As local market experts, we have the knowledge and experience it takes to achieve outstanding results for our valued clients and our long standing reputation proves that. If you’re like most Australians, your family home is your biggest asset – and yet you possibly don’t know how much this asset is actually worth. Call us today for an obligation-free market appraisal. Scott Joyce Director & Licensed Estate Agent Flynn & Co Real Estate Welcome
Tips to make your big move smooth Moving into your new home should be the exciting and easy part, right? Some people rate moving houses as one of the most stressful experiences you can go through, but if you get yourself organised in advance and keep it flexible, moving will be a breeze. Here are our top 12 tips. PRE-MOVE Sell, recycle, donate or dump all your unwanted items in advance. It’s so much easier to pack (and unpack) when you’re not taking junk with you. Book a removalist and get your hands on boxes well in advance. Removal companies get busy and you want to get the date that suits you. Note all the addressed mail you get as soon as you know you’re moving, and start advising change of address as you go. Clear your schedule for a couple of days. If you are moving mid-week, book at least two days off work if possible. Pack and label your boxes by room, and use a ranking number to help you know which should be unpacked first. Resist the temptation to pack similar items together that live in different rooms. Have plenty of ‘tools’ – you can never have enough newsprint, tape, scissors and black marker pens. Take photos of the electronic cable set-ups at the back of your TV & audio systems before pulling things apart, so reconnecting them at the new house is easy. ON THE DAY Finish packing your boxes before the removalists arrive. Have plenty of water and snacks on hand. Staying hydrated and energised is essential on moving day. It’s also a good idea to keep some cash handy for unexpected items like taxis and takeaways. Pack a suitcase of items you’ll need for the first night. You don’t want to be trawling through your boxes looking for PJs and toothbrushes. POST-MOVE Organise the collection of used boxes, either back to the box company, for recycling or sell/give away on Facebook Marketplace. Book a cleaner for the home you’re leaving the day after moving, rather than on the day to give yourself more time to clear everything out. Follow these tips and you’ll be cracking open that bottle of sparkling at the end of day to congratulate yourself on a job well done.
SOLD SMART in your neighbourhood 4 2 2 3 2 2 3 1 1 2 1 2 4 3 2 1 Wilgah Road, Rosebud 4/5 Martin Street, Rosebud 3 Callas Street, Dromana 54 Fairway Grove, Rosebud 21 Adams Avenue, Rosebud Sold! Sold! Sold! Sold! Sold!
5 3 3 3 2 2 4 2 2 3 1 3 2 2 4 2 4 1 22 Hove Road, Rosebud 2 Somers Avenue, McCrae 54 Casuarina Drive, Cape Schanck 145 Second Avenue, Rosebud 42 Besgrove Street, Rosebud 98 Flinders Street, McCrae Sold! Sold! Sold! Sold! Sold! Sold!
Rosebud McCrae Capel Sound 74 14 20 Highest $2,000,000 $2,085,000 $1,370,000 Lowest $575,000 $690,000 $538,000 Median $792,500 $1,360,000 $815,000 $889,926 $1,301,154 $833,846 Fast facts Rosebud, McCrae, Capel Sound HOUSE SALE PRICE Source: CoreLogic RPData 8 February - 8 May 2023 HOUSES SOLD LAST QUARTER AVERAGE HOUSE SALE PRICE
I want to thank Flynn & Co for recently managing the sale of my property. After being seriously let down by another agent, they stepped in and got the job done for me. All my interactions with them have been of the highest professional standard, and I can highly recommend the team to anyone wanting to sell their property in the Rosebud region. Tony Great service from Flynn & Co Real Estate, leading to a quick sale and a solid price in a difficult market. As hoped, they found a buyer who “connected with” my mother’s home, which was a doubly pleasing outcome for us. Trevor After much deliberation we chose the Flynn team to market our home. We definitely made the right choice. After a frantic but exciting 10 days of private viewings and only one open we had sold our house! The whole team contributed in a very friendly but professional manner and went well above our expectations, keeping us fully informed of all that was happening and their knowledge in the industry shone through. Thank you for making the whole experience as stress free as possible. Catherine I have dealt with Flynn & Co. on a number of occasions over the years with buying, selling as well as renting a property through them. There is a very good reason I choose to return and engage their services again and again. Flynn & Co have always been open and honest with complete transparency in all of the dealings I’ve experienced with them. Most recently I had the responsibility to sell our much loved family home. I found this to be an emotional time and quite daunting. Every staff member showed genuine care and support which helped relieve some of the stress and was very much appreciated. The property was sold within a month of being on the market with the price exceeding expectations which was both impressive and most pleasing. I have no hesitation whatsoever in highly recommending Flynn & Co.. Robyn A word from our clients
Choosing the right real estate agent makes all the difference to the successful sale of your hard-earned home or investment. Operating as a truly genuine sales team, we put our clients first and we will always do what is right, not what is easy, cheap, or convenient. We have the knowledge and experience it takes to achieve outstanding results for our valued clients and our long standing reputation proves that. Shop 1, 967-991 Point Nepean Road, Rosebud VIC 3939 T 03 5986 3000 M 0448 863 000 E reception@flynnandco.com.au W flynnandco.com.au Your local area experts
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