Updated: Sep 26
After over a month of lockdown, and banning all property inspections, the Melbourne real estate market is starting to re-open. Property inspections are once again, available again, but with a catch.
Significant restrictions on property inspections in Melbourne still remain. Some of these restrictions include:
Only private inspections allowed
All inspections must be pre-booked
Buyers cannot go beyond 10km from their home, to inspect the properties
Only 1 family allowed at any one time
REIV has also recommended that real estate agents stop publishing inspection times, and displaying banners and A-boards to discourage walk-in inspections.
With a radius of 10km, you literally can only inspect properties within 2 suburbs of your home.
Why you should buy properties during a movement restriction or lockdown
Successful professional property investors know this:
“Be fearful when others are greedy and greedy when others are fearful"
- Warren Buffett. Successful, multi-billionaire investor.
Lockdowns and movement restrictions in Melbourne present some of the best property buying opportunities. Professional buyers knew that, and they have not stopped looking out and ready to grab a good deal in the property market. And many are, in fact, getting good deals simply because there are too many old-school, traditional property buyers who MUST inspect the property before buying. Real estate investment is definitely one of the largest investment for any investors, and their caution is definitely understandable. The extended lockdown, and the strict movement restrictions, are causing these old-school buyers to miss out good property deals.
How do you buy a property during a movement restriction?
The current movement restrictions in Melbourne mandates that:
Only private inspections are allowed
All inspections must be pre-booked
Buyers cannot go beyond 10km from their home, for property inspections
Only 1 family are allowed at any one time
But what happens if you are buying outside of your 10km radius, interstate or overseas?
Most buyers would usually either:
Trust the sales video presentation; or
Buy "sight unseen", ie, buy without viewing.
It is risky, and takes a lot of trust and courage to buy a million dollar asset without viewing.
Here at Concierge Buyers Advocates, we have created a 3rd option. This option is not well publicised because we want to keep this exclusive.
Property Inspection by Licenced Estate Agent
Our local property inspection service gives you that independent, unbiased, peace of mind inspection. This inspection is conducted by one of our experienced property buyers advocates. Our buyers advocates agents inspects hundreds of property every year, and we know what's good, where potential problems are.
Our property inspection service area includes major South Eastern Melbourne suburbs in:
North to South: Box Hill, Blackburn to Clayton South, Springvale South, Dandenong
East to West: Bentleigh, Oakleigh to Rowville, Ferntree Gully, Lysterfield
Including blue-chip suburbs such as: Mount Waverley, Glen Waverley, Clayton, Mulgrave, etc
Benefits of having a professional property inspection.
Unbiased, pro-buying independent inspection
Experienced licenced property buyers advocate
Including FREE property appraisal (worth $220).
Discounted upgrade to one of our property purchase plan.
So, why risk your million dollar asset? Stop buying "Sight Unseen"! Buy with confidence, buy with a independent inspection. Have a chat with us. Let us discuss if our property inspection service by a licenced real estate buyer's advocates is right for you.