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Latest News, November 15

By Joanna El-Hallal

Message From Andrew Salvo


Another great month for Ray White Southbank as 22 properties are sold unconditionally and we also had 31 new lettings across our rental department.

Following on from a great month in October, November is looking set to be a even stronger month.

In October, At Ray White Southbank we had 22 properties sell unconditionally, 3 properties were sold by way of auction and 19 sold by private treaty clearly showing that we do offer people choice as to which way they would like to sell their property.

We sold $11,455,000 worth of property with the average sale in October around the $545,000 mark.

Because Ray White list and sell more property than any other agency in Australia, we have more buyer traffic than any other agency.

More inspections does mean more competition which results in better prices.

Similarly, we are experiencing a very low vacancy rate of 1.5% within our rental department. This a good result considering the Melbourne Metro vacancy rate has moved up to 3% from 2.9% in October.

There are however a large number of cranes in the sky across Melbourne so we remain vigilent and are continually improving our systems and intensifying our training in preparation for a new wave of new dwellings that will be hitting the market in the lead up to Christmas.

If we can assist you with any real estate needs please do not hesitate to contact my team on 03 8102 0200.

Andrew Salvo – Principal
Ray White Southbank & Ray White Projects Victoria

Chinese buyers have disappeared from the Sydney trophy home market and Melbourne could be to blame.

As Sydney’s prestige agents scratch their heads at a baffling lack of inquiry among offshore buyers this Spring, data shows China’s cashed-up house hunters are increasingly showing a predilection for a Toorak mansion over a Point Piper waterfront.

Click here to read more Chinese prestige property buyers ditch Sydney for Melbourne

Ray White Southbank is a  team of property consultants specialising in a carefully selected group of brand new projects in Melbourne’s hot spots. Please contact the office on (03) 8102 0200 for a private inspection, or click on a consultant below to discuss your requirements.

Michael PastrikosJen Lin LauSunny Li

Sales Manager     Sales Consultant          Sales Consultant

Get a better view of the potential price 

Do you know the potential price of a house in the suburb you love? What about an apartment? How about the suburb next door?

Order a free Ray White Southbank Property Profile Report and you’ll receive (where available):

  • An estimated price range
  • Comparable sales results in the area
  • Sale and rental listings in the area
  • Interesting suburb insights and trends
  • Historical sales results of the property

We can also provide an investment property market review or an obligation free appraisal.

Click on Property Market Report , provide your contact details, and one of our property specialists will be in contact with you, or call 03 8102 0200 for your free copy.

Do you have Landlord’s Insurance? 

We have recently negotiated a bulk discount for all of our landlords with Property Insurance Plus. For only $268 you will receive landlords insurance for 14 months for the price of 12 month discounted price.

As the owner of an investment property, it is important for you to have peace of mind knowing that your physical assets and income derived from these are protected.

Landlords insurance will cover you for:

  • Loss of rent for up to 52 weeks
  • Damage to your property

Please click here to find out more about what is included.

Whilst our management team are outstanding in managing your property, occasionally we’ve successfully utilised landlords insurance to cover losses that wouldn’t have been covered otherwise.

In our opinion, it doesn’t pay not to have landlord’s insurance.

Please click here to find out more about Landlord’s Insurance

A little Ray of Giving

This season Ray white Southbank is partnering up with the Mirabel foundation to bring the gift of giving.

Start delivering presents to our office to be placed under the Christmas tree from December 1. All gifts will be passed onto the Meribel foundation who will deliver gifts to less fortunate Children who would otherwise go without this Christmas.

Click here to read our press release

We are growing!

Ray White Southbank is one of the fastest growing agencies in the Ray White network. Our glistening office located in the heart of Southbank will see you working in the trendy Clarendon Street shopping precinct, and within minutes to the CBD.

We are currently fielding applications in the areas of Property Managent, Residential Sales & Project Sales to facilitate our rapid growth. If there is anyone you know that may be interested in a career with us, please let us know.

Find out more about a career with Ray White Southbank

We are pleased to say that we are gaining some great reviews on Google and we are almost at a 5 star service rating. The best way to help our people is to write a short review on google. Here are some fantastic recent reviews that we’ve had.

Congratulations Chelsea, Elis and Amanda on delivering a superior customer experience.

Sanjay Bhatt – I would like to mention the excellent service I was offered by Chelsea in securing me my rental property. She went out of the way to assist for handling my concerns. The personal connect that she exhibits with top class professionalism is truely remarkable. Highly recommend!

Omkar Ram – Right from the moment I was shortlisting a property at Southbank till I vacated it, every single interaction with Ray White has been thoroughly professional and I have had absolutely no headaches. 
I would like to specially appreciate Elis Porter who has been a real help whenever we have needed him.
A big cheer to the entire Southbank team and good luck for future.
Scott Hamilton – Amanda was outstanding to deal with. So helpful in matching me up with a property that suited my needs. Truly went above and beyond!
At Ray White Southbank our aim is to ensure you have the best experience possible – every time. We value your feedback and welcome your thoughts on anything we can work on improving.
On the flip side if you’ve dealt with a representative in our office, and they have put on a stellar performance please let us know by leaving a review on our google page Ray White Southbank Google Review

Ray White Investment night

It’s widely known that investing in the property market is a great way to secure and build wealth, but far less known is exactly how you do it. That’s why Ray White  Southbank has initiated invest seminars right here in Southbank.

Our company is perfectly placed to advise anyone on the property market.“We decided this year that we wanted to provide another aspect to our real estate business. As we are part of the largest real estate brand in the country, we have access to a lot of information surrounding property,” Mr Salvo said.

“We also have a core property investment team working within the business,” he added. He also explained that the reputation and standing with which Ray White is held within the property industry helps back up the advice.“Ray White is 111 years old and has over 1000 offices world wide,” Mr Salvo said.“From this vast network, we can leverage off some vital property information and investor experiences,” he added.

Combining this knowledge with an intimate understanding of the local area further strengthens Ray White’s advice.“We deal with inner city locals everyday and know the questions that we get asked on a daily basis. We designed our presentation to cater to what we commonly get asked,” Mr Salvo said. The first of these events was held during November and was a great success. About 40 people listened to the advice and 30 of these have chosen to look a bit deeper, booking a follow up appointment with Ray White.

To register for our next up and comming investment seminar, please email Ray White Southbank Events

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