AVA Property in Cremorne, Victoria, Australia | Property

AVA Property

Locality: Cremorne, Victoria, Australia

Phone: +61 3 9428 7676

Address: 15 William Street, Richmond, Vic 3121 3121 Cremorne, VIC, Australia

Website: http://www.avaproperty.com.au/

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25.01.2022 AVA Director Trevor Crittle commentary in domain article below & interesting new disclaimers for valuations reports regarding COVID from the Australian Property Institute. The external valuations will be outlined in a separate post early next week.

14.01.2022 Interesting post from Davidson Advocates

12.01.2022 Interesting insight from a commercial property perspective - care of our trusted advisors at Davidson advocates

09.01.2022 Market Crash? The recession we are facing is a completely different beast to the one we faced in the early 1990’s. I started the RMIT Valuation course in the doom and gloom of the early 90’s where the Melbourne market experienced falls of 30-50% (like for like properties) in some cases from the heights of the late 1980’s boom. The 90s crash was far more significant than the consensus 5-10% fall (to date) in like for like properties that inner Metropolitan Melbourne has experi...Continue reading

03.01.2022 What really is happening to Property under COVID? Real estate values are once again a hot topic of discussion and as usual prime media clickbait. We observe there is a shortage of stock with demand clearly exceeding supply with large numbers reported at some recent open for inspections.... There is not enough recent sales data to make a conclusive view of the impact of COVID although generally, we are seeing a circa 5% drop since the late 2019 peak although prices in the inner city are still similar or superior to late 2018. The top-end in which we operate has seen at least 25 properties sold since early March (beginning of COVID) in excess of $5million and at least five over $10m with 4 of these in the last month. The unknown is what will occur in Spring/ September when historically listings have a sharp increase and when stimulis is potentially easing. What will happen to property prices is anyone's guess including valuers and agents! Don’t expect a huge crash as some pundits predict as its likely there will be many buyers still in the market and interest rates will remain at extremely low levels. www.avaproperty.com.au