anotefrom JeremyFox

There’s been a lot of negativity circulating in the media with reports of a market downturn

Now whilst it can be true in some suburbs, for inner city Melbourne, there’s nowhere near the doom and gloom that’s been predicted Taking a look at our top end sales, and even those of our competitors, its quite extraordinary to see buyers snapping up premium homes over the past 12 months. What’s driving these premium sales?

Drivenbyaphilosophythatsuccessfulsellingrequires astrongconnectiontothecommunity,thebest possiblepresentation,aneyefordetail,theabilityto correctlytargetapropertytotherightbuyerand experience.

It’s a combination of a shortage of supply, unfortunately driven by increased stamp duty rates, which is paralysing the market. Coupled with enormous land tax increases for investment properties, ultimately diverting money to the family home. In addition, the recent government announcement that there will not be any changes to the capital gains tax free status on the family house. This is very positive for all the key houses in the key suburbs of inner-city Melbourne.