David Sciola

Sales Consultant, Auctioneer
0408 598 242
davidsciola@jelliscraig.com.au
Jellis Craig Stonnington
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Author; David

Should You Get a Building Inspection?

Melbourne Real Estate BoomJune 23, 2021

When you’re spending one, two, three, four million dollars for a roof over your head, is it worth investing $600 on a building inspection to make sure said roof doesn’t fall on said head? It’s a question we get asked frequently and like all good questions the answer is long and nuanced. It’s not unusual […]

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Why Clearance Rates are Misleading

Melbourne Real Estate BoomJune 16, 2021

How did Victoria manage a 92% clearance rate on Saturday and a 97% clearance rate the weekend before, in the midst of a lockdown? Sure the market is strong at the moment, but 97% seems to good to be true… And it is. Clearance rates can be misleading at the best of times, let alone […]

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What Your Money Buys You in Stonnington These Days…

Melbourne Real Estate BoomJune 2, 2021

I’m sure you’re sick of hearing about the lockdown at the moment so instead I thought it might be interesting to see what certain budgets buy you in Stonnington these days. Real estate has never been more expensive in Australia, in an absolute sense. Some of the sold prices in our market recently are eye-watering, […]

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As If Stamp Duty Wasn’t High Enough Already…

Melbourne Real Estate BoomMay 19, 2021

The State Government feels it’s time to play Robin Hood by slapping “rich” people, land owners and developers with more property taxes. 59% of State revenue already comes from the property industry but I guess this isn’t enough. We already have more speeding and red light cameras than any other city in the world so […]

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Current Property Market Trends

Melbourne Real Estate BoomMay 12, 2021

I tuned into a Zoom presentation this morning hosted by Domain’s Senior Research Analyst, Nicola Powell. Her insights were, well, insightful. Here’s a brief summary for you… Houses are flying. Units are doing OK. Rentals are still on life support. So why oh why is the market so strong? And what does this look like […]

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Investors Are Back

Melbourne Real Estate BoomMay 6, 2021

It felt more like early summer than late autumn on Saturday as I stood, uncomfortably warm in my suit and tie, in the middle of Gladstone Avenue, Armadale counting the bids as the flew rapidly at me. After a spirited battle covering a couple of hundred thousand dollars in 10’s and 5’s and eventually 1’s, […]

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Not Everything is Flying…

Melbourne Real Estate BoomApril 28, 2021

There’s a saying in real estate, ‘buy a bargain, sell a bargain’. It’s true. (Sales) history tends to repeat itself. With a few exceptions, a great property will be in demand each successive time it sells, and a compromised property will struggle each time it sells – independent of the current selling conditions. A property […]

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Cooling Off Explained

Melbourne Real Estate BoomApril 23, 2021

In Victoria a ‘cooling off’ period applies to the purchase of residential property by private treaty. This means that if you purchase a property you can effectively walk away from the sale for whatever reason even after you’ve signed an executed contract and paid a deposit, within three ‘clear business days’. It sounds fairly straight […]

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When is the best time to sell?

Melbourne Real Estate BoomApril 7, 2021

Short answer… Whenever you’re ready. Long answer… That depends. At the risk of stating the obvious the best time to sell is when demand for your type of property is high and supply of competing properties is low. On the demand side, the conditions couldn’t be stronger than we are seeing right now: A low […]

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Are Vendors Getting Ahead of Themselves?

Melbourne Real Estate BoomMarch 31, 2021

It happens every time the market takes off. When prices are increasing rapidly agents quotes always lag behind. When you’re using comparable sales from six months ago, these could be 10 – 15% below current values. And so everything starts selling 5 – 10% above the range. This attracts potential sellers to market. Maybe I […]

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David Sciola

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David Sciola
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