Make Wise Choices with Your Property Investment with Albion Avenue
Announcement posted by Albion Avenue 03 May 2019
Property buyers agency Albion Avenue says with bank valuations coming in under purchase price in a changing market, property buyers can benefit from using Albion Avenue as their focus is on ensuring their buyers don’t overpay.
Albion Avenue takes the stress out of property search and negotiations as they act for the purchaser. Their sole focus is on finding the right property for their buyer, and then negotiating to get them the best deal. Every lender will have a slightly different approach to what valuation is used, and Albion Avenue can assist buyers understand the main mortgage valuation assessment types the buyer can expect when purchasing a property.
Shelley Dunmore, founder of Albion Avenue, says her company can assess the property, the locality and the market so they know exactly what a property is worth. “We use our knowledge and experience to spot the bargains and find properties with potential, while sidestepping the money-traps,” she says.
Australian property values fell $133.1 billion in the December quarter, with capital city home prices down an average of 2.4 per cent across the nation. Figures from the Bureau of Statistics show Sydney and Melbourne continued to lead the falls, with a 3.7 per cent and 2.4 per cent fall respectively.
Driving the recent value falls was weakening property demand in city regions heavily supplied with new housing. Falls in prices were smaller in the eastern suburbs and northern beaches, where fewer new housing projects have been released. It was likely prices would continue to drop over the next few months.
A primary reason was that fewer buyers could get the large mortgages needed to buy Sydney’s expensive homes in the current lending environment. Those buyers who did have adequate financing also had many homes to choose from, allowing them to negotiate prices.
The downturn has made homes more affordable for first-time buyers - usually younger people who feared they would never get on the property ladder as prices surged as much as 75 per cent during a five-year boom that peaked in mid-2017.
Albion Avenue works with owner-occupiers and investors, to understand exactly what is required by the buyer and tracks and inspects suitable properties. With their shortlist they provide insights and recommendations and organises inspections. Once the property has been identified they begin the process of negotiation and engagement.
For information on buyers agent, buyers advocate, property buyers agent and more, visit https://www.albionavenue.com.au/
Reference:
https://www.abc.net.au/news/2019-03-19/house-prices-abs-december-quarter-2018/10915740