Real Estate News


Five Mistakes To Avoid When Investing In Property


  1.  Not doing your research When purchasing an investment property, it’s important to do your research about the location, local amenities, rental yields, vacancy rates and the property itself. While it may not always be possible, you should aim to know as much as you can about the neighbourhood you intend to invest in. Be wary of ‘booming markets’ such as mining towns and tourism centres. These may produce excellent returns over the short term, but how will the investment stack up long term if there is an industry downturn? Remember, a good investment is not one based on speculation.   2.  Not having a professional property management team in place  Many people assume property management is simple and think they can do it all when it comes to taking care of every aspect when managing their property. This can quickly become a stressful and tedious task, not to mention the ever increasing legislative requirements that fall upon landlords...


Top 5 Tips For First Time Home Buyers


    Buying your first home can be daunting – both financially and emotionally. It’s likely to be one of the biggest investments you’ll make, so the team at Pennisi Real Estate have compiled their top 5 tips to guide you.     1.  Start saving now House deposits can take a while to save, so it’s smart to start saving as soon as you can. Save the biggest deposit that you can. This not only demonstrates to your lender that you can exercise enough discipline to accumulate a large amount of savings, but you will also have a buffer of equity in the property from the beginning.   2. Buy below your maximum price Your bank may suggest yoqu can borrow up to $400,000 in your initial meeting, but it’s much safer to search for a home that is well below your maximum price. Buy a property that you can afford now so that you don’t overstretch yourself. Many people count on a future job promotion to help keep them afloat &nda...


How to... Sell your property for more!


  Welcome to Pennisi’s ‘How to’ series. This issue explores the 4 key steps you must follow for a successful property sale. You may be new to the property market and this may be the first property you have sold, or you may be an experienced property seller and just need reassurance that you are on the right path. This guide steps you through the 4 stage process for effectively selling your property to get the maximum possible sale price. 1. Choose the right agent Selling your property is an important life event which can be financially and emotionally demanding, and that’s why you need an experienced and trusted professional real estate agent to help you with the process. Find an agent you trust, who you believe will look after your interests and do a great job. Interview as many as it takes to find one you trust. Beware of agents who try to dazzle you with empty promises of an unrealistic price, or an expensive marketing campaign that promotes thei...


The Worlds Most Liveable Cities 2017


1. Melbourne, Australia   2. Vienna, Austria  3. Vancouver, Canada    4. Toronto, Canada 5. (Tie) Calgary, Canada   5. (Tie) Adelaide, Australia 7. Perth, Australia 8. Auckland, New Zealand 9. Helsinki, Finland   10. Hamburg, Germany


Take a Look Inside Home Buyers Minds..


Home buyers are a diverse group of people and there are never two exactly the same. Every buyer has their own individual circumstances, motivations, budget and criteria for investing in real estate, requiring a unique and customised approach for each buyer. Despite these differences however, many share the same views when it comes to how they search for properties, how and when they choose to engage real estate agents, and their preferred method of sale. Click the video below to discover what really goes on inside the minds of real estate buyers.     List with an agent you can trust. For more information call 03 9379 5616 or email sales@pennisi.com.au.You can also view our recently sold properties here. 

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