Paperturn version MARKET NEWS Year Book 24 revised - Flipbook - Page 13
The Price Sandwich
A Rare Art Deco Masterpiece 860 Sqm
Timelessly elegant, exceptional Art
Deco residence. Spacious and Ready
to Move In this home features largerthan-average bedrooms, including a
beautiful master suite. The challenges
of renovating a property with triple
brick construction and complex floor
plans have already been expertly
addressed, making this a turnkey
option for the discerning buyer.
The home’s layout is both functional
and elegant, with a grand entrance,
adjoining rooms, and a stunning
upstairs area. The possibility of
converting the upstairs into a master
suite adds even more potential to
this already impressive home.
Situated in a premier location,
this home is close to all the
essential amenities. Located on a highly
sought-after street, it’s surrounded
by other quality properties, making it
an ideal choice for families and those
seeking a prime address.
A Big Surprise – Refreshingly Bayside 681 Sqm
Consider the price you pay or
paid for a home as a sandwich.
Understanding this ‘price
sandwich’ helps clarify that when
things are down you get mostly
zero from the market and
therefore your upside depends
on the quality of the transaction’s
execution and what you are
buying or selling.
Bottom Layer
(Market Conditions): For buyers,
it’s the foundation – like a soft,
spongy sourdough, plenty of
stock and opportunity. Currently,
for sellers, it might be less
appealing, akin to stale
supermarket white bread with
more goodness in the wrapper
than the contents. It can present
as a premium from -10% to +10%
of your price. On $5 million that’s
a range of $1 million.
Middle Filling
(Property Features): This is the
core of your property’s value, the
PPP’s (Position, Property, Price)
and is approximately 80% of your
price (give or take). On $10 million
your home is at least $8 million on
its fundamentals.
We are buying off market
• Glenferrie Road Spine up to $10m for turnkey home on land over 1000 sqm
• Burke Road Spine - access to schools and freeway up to $8m - no reno
• Armadale Area - project based looking to spend up to $6m will reno
• Glen Iris - up to $5m for completed family home
• Nth Brighton / Elwood - in a buy sell want up $3m to $4m townhouse
Top Layer (Transaction
Factors): Comprising, amongst
other things, agent expertise,
sales, and pricing strategies, and
the element of luck – all similar
to the icing on a cake, and is also
about -10% to +10% on your price.
$600,000 range on $3 million.
Buy a $10 million home and sell a
$5 million home or vice-versa and
the range between good and bad,
outside the fundamentals, could
be $3 million in the bank.
