MCP INFORMATION EVENING Dont Believe Everything you Read or Hear

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MCP INFORMATION EVENINGDont Believe Everything
you Read or Hear

• Jellis Craig Presents
• Damien Davis Sales Consultant, Auctioneer
• Adam Cashmore Director(Stonnington), Sales
  Consultant

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RECENT MARKET HISTORY 2007 2009
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December Median House Prices
Source REIV
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Current Vendor Sentiment

• Sitting on hands
• Begging for crystal ball

Who is Selling?

• Deceased Estates
• Maritals
• Long Term Owners
• Transferees
• Upgraders

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Buyer Sentiment

• Very Positive
• Read too much Miss Out

Who Is Buying

• First Home Owners
• Migrants
• Ins Outs
• Lateral Movers
• Investors

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Method Of Sale

• Auction/ Forthcoming Auction
• Transparent Competition
• Unconditional Sale
• Flexibility of Price Quote
• Less Time on Market
• No Cooling Off Period
• Creates Urgency

• Private Sale
• Difficult to pick Asking Price
• Longer Time on Market

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Auction Vs Private Sale
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Advice To Buyers

• Quiz the Agent
• Register your interest- DNSWR
• Seek Legal Advice on Documentation supplied by
  Agent
• Do your Homework
• Bidding Tips
• Prior Offers

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Rental Patterns Trends
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Thankyou for your time