Archive for the ‘Real Estate Services’ Category

7 Cost Saving Tips for Renovating on a Tight Budget

December 16, 2019 Leave a comment

Brought to you by National Australia Bank 

You may have big dreams for your renovation project but with a bit of DIY and some shopping around, you can save money on your reno. Here are our top seven tips!


You may think you’re saving money by doing some jobs yourself, but failed DIY efforts can cost you dearly. When it comes to DIY, it’s important to know your limitations.

Get the professionals involved in all electrical, plumbing and structural work unless you’re qualified in the trades yourself. Always get at least three quotes, but remember: cheaper doesn’t always mean better. Get recommendations from previous clients and make sure the money you spend is worth it.


Good news – there are plenty of renovation jobs you and your family and friends can do yourselves. Get a working bee going for the small price of a few drinks and a BBQ.

Here are some things that many people are easily capable of doing if they try:

  • Painting (though never skimp on the prep)
  • Fencing
  • Landscaping
  • Stripping and polishing floorboards
  • Assembling a flat-pack kitchen
  • Simple tiling jobs.


Basic DIY usually requires a bit of practical knowledge and some tools. You can get both from any good hardware store. Check out if your local DIY stores have any upcoming workshops.

And the web also has a lot of DIY resources, ideas, forums and how-to-guides. Search for specific DIY tasks and genius instructional clips online.

If you’ve got friends with trades, start talking to them now and pick their brains.


You’ll be surprised at how much you can save on labour, supplies and materials by shopping around.

Polish your negotiation skills, ask for trade prices and seek bargains through ‘scratch and dent’ or ‘discontinued’ sales. While shopping around takes a bit of time, it will certainly pay off for you.

For building supplies, check online for used materials.


When the budget’s tight, we tend to overlook longer-term savings of energy-efficient technology or materials. If you can, include some basic energy-saving ideas in your renovation like:

  • LED lights
  • Rainwater tanks
  • Good quality insulation
  • Solar panels.


You can make a big impact with affordable updates like new paint and ‘mood’ lighting. Things like resurfacing or repainting bathroom tiles, baths and basins can dramatically improve the ‘look’ of your home – at surprisingly little expense.

It helps to visit colour consultants at your local paint shop. Some paint retailers may charge a fee to make an appointment. Or chat to the showroom staff in kitchen or bathroom stores. These experts can give you some ideas about how to spruce up your home on a shoestring.


It’s a hard pill to swallow, but sometimes you need to adjust your expectations to fit your budget and the amount you need to borrow.

So write one list of must-haves and another of nice-to-haves and concentrate on those things you absolutely can’t do without.

Visit the NAB website with the article here: 7 Cost-Saving Tips for Renovating on a Tight Budget

Categories: Real Estate Services

Are you auction fit for Christmas?

November 15, 2019 Leave a comment

Cup Weekend has come and gone and all of a sudden, we find ourselves faced with the natural deadline that Christmas brings.

But before the Eastern suburbs of Melbourne start to flock to either Peninsula for holidays, there is still plenty of business to take care of with only six Auction weekends remaining in this decade.

So, if you’ve been sitting on the information loop during 2019, here’s my top tips to help get you off the fence and into your new home in 2020!

  • Have a suitable stretch budget. It’s always worth remembering that good real estate is rarely purchased at sub-market value.
  • Preparation is key. Attend the Auction having done your research, know your budget and vendor expectations, ensuring your price expectations sit within a realistic range to avoid disappointment.
  • Surround yourself with an expert team. Ensure your bank and legal representatives are primed to execute your paperwork within the appropriate timeframes, ensuring that loose ends don’t drag over the holiday period.
  • Perform on the day. Be visible, be clear and be confident and if in doubt, never shy away from having someone bid on your behalf. Confidence is key.

Good luck!

Categories: Real Estate Services

Listing Your Property With Fletchers

November 1, 2019 Leave a comment

Ever wondered what happens once you list your property with Fletchers? Whether you’re looking at selling now or early in the new year, this guide will give you a step-by-step of what to expect.

What happens behind the scenes?

This is a very busy time for us. Our entire team is immediately notified of the listing and clients on our database are informed.

Floor plan artists, photographers, copywriters and videos are booked (where appropriate), letters and flyers notifying your neighbours are prepared and disseminated and advertisements (including internet) are booked as per your advertising schedule. Additional brochures detailing what you love about your property may also be prepared.

Signboards and pointer boards are arranged and the property will be added to our weekly electronic email bulletins.

Most properties will be submitted to various media for possible editorial coverage.

We write to your legal representative requesting the necessary documentation on your behalf.

In most cases, you will be supplied with a calendar of events so you know what will happen throughout the entire campaign.

Fletchers team inspection of your property:

Each week, the Fletchers team discuss new listings for sale that are either viewed online or, where appropriate, inspected to enable them to promote your property to buyers.

Group team inspections when completed, more commonly known as ‘caravans’, are usually by prior arrangement with you and take no more than about 10 minutes.

Property keys:

When your keys are left with us, they are stored in a secure alloy locked box called a “Keysafe” which is secured at the property, or security coded and stored in a locked cabinet. Only Fletchers agents will know the code to your property.

Open For Inspections/Open Homes:

In most cases we recommend holding advertised ‘open for inspections’ to ensure that we get as many people as possible through the property, and so buyers feel more comfortable looking at the home without pressure. Also, the more people at the inspection the better, as people realise they have competition.

Rather than disrupt you on numerous occasions, you can also plan ahead for these scheduled inspections to ensure the presentation is 100%.

Buyers are only permitted to inspect the property when they have provided us with their contact details.

A consultant will always be there to speak to everyone who is in attendance allowing us to gain as much feedback as possible that we will report to you.

Our team closely observe people inspecting the home and though theft is extremely rare, we recommend that you remove small valuables from sight. ‘Out of sight, out of mind’ is always a good philosophy to consider.

The ‘For Sale’ board – how important is it?

A large number of buyers live locally or have been told about a property by a local resident so boards are very important.

The success of a board is reliant upon quality photographs, a concise and simple description including important attributes not obvious from outside, with clear contact details.

A well lit For Sale board gives your property 24/7 exposure – in rain, hail or shine!

Important: This general advice may not be relevant to you. You cannot rely on the legal aspects of this general advice; it is provided for information purposes only and you should please seek specific legal advice for contracts, sale documentation and settlement, and other legal issues.

Categories: Real Estate Services

Celebrating 100 Years: An Interview with Steve & Eva Gotsis

October 8, 2019 Leave a comment

As part of our 100-year anniversary in 2019, Fletchers have been sharing a selection of real stories from our valued clients.

Steve and Eva Gotsis first met Canterbury Director and Auctioneer, Tim Heavyside, 17 years ago.

Here’s their story.

How did you come to choose Fletchers?

Eva: Our first experience with Fletchers was when we purchased our block of land at the Wattle Park Estate, which was with Rob Fletcher.

Steve: That was all the way back in 1995.

Eva: We were so happy that it was such a smooth transaction for us. When the time came for us to sell a property, we decided to use them again.

How long have you known Tim?

Eva: Steve and I have known Tim just under 20 years. It was around 2002 when we sold our first property. He’s been over so often; we can talk about everything in detail. Nothing’s off the table. Whether it’s in the afternoon or late in the evening, we can comfortably discuss what we want to achieve.

How many times have you sold with Fletchers?

Steve: We’ve sold around 8 times with Fletchers and over a 17-year period. We’ve sold with Rob FletcherTim HeavysideJason Salan and purchased through Daiman Kane.

Eva: And that’s been across different suburbs as well.

What made you sell with Fletchers multiple times?

Steve: At the end of the day, we keep on going back to Fletchers. Not because we’ve been dealing with them for 20 years, but because we’ve used their whole network. We’ve found them to be really good people that make us feel comfortable and we would not go anywhere else.

What methods of sale have you used to sell your properties? Why?

Eva: When deciding what method to use, we always listen to Tim’s advice because he always seems to come through and achieve the best results for us [smiles].

What was your experience of the sales campaign process?

Eva: Well, it’s been fun [laughs].

Steve: Yeah, it may be fun for you! [smiles]

Eva: Why?

Steve: You get to buy extra furniture, new pillows, new ornaments! You go above and beyond. [smiles]

Eva: Well, look, it has been fun, but I think also Tim has made it fun! [laughs]

In your opinion, how has Fletchers evolved over the years?

Eva: I’ve seen Fletchers branding and website evolve over the years and I think they’ve really moved with the times.

Steve: Fletchers have stayed in tune with how the real estate market has changed and who the buyers are.

Tell us about your experience on working with Tim Heavyside and his team?

Eva: I think working with Tim Heavyside and his team has been really beneficial for us achieving what we want to achieve; a great result. The relationship has also given us the opportunity to really be open. Tim Heavyside’s really just that type of person and we’ve always been comfortable to tell him what works for us. The same with Allison; we’ve had tips on styling, copywriting input, all the little details – all the way from Feng Shui to photography. I love the way they communicate after every open and we really know what’s going on throughout the 4-5week process.

Tell us a little bit about how Fletchers works to get you the best results?

Eva: For us, they’ve always gone above and beyond to meet us with us at any time of the day or night.

Steve: I work in Sales too and I like honesty, integrity, those longstanding relationships.

What comes to mind when you think of Fletchers?

Eva: Teamwork. There’s a great team at Fletchers.

Steve: We have been introduced to the team; whether it’s Allison, Tim’s PA or whether it’s the person working on our artwork, graphics or copy.

Eva: For us, I think it’s the whole team and how they come together to help us achieve that result. That’s why we’ve kept selling with Fletchers.

Have you got any stories to share about your experience with Fletchers?

Eva: Once, we had a porthole at this art deco house and when we were doing the shoot, Tim had this idea. Instead of standing outside the front door, he told the videographer to go inside and did this little entrance with the porthole. It was a fun experience and we had a few laughs along the way. I think that’s achievable after a period of time because you start feeling comfortable. [smiles]

Categories: Real Estate Services

A Guide to Spring Cleaning Your Exterior

October 4, 2019 Leave a comment

The exterior of your home shouldn’t feel left out when it comes to spring cleaning. Although it doesn’t usually require quite the same attention as the interior, there are simple measures to ensure your home sparkles from the outside in.

Did you know that regular paint touch-ups can extend the life of your overall exterior paint job? Pay attention to timber window frames if you have them and any ageing weatherboards.

Secondly, try to clean your windows as often as possible. It’s astonishing the difference it makes from the outside but you’ll really marvel at how clearly you can see out! If cleaning your windows is too physically demanding, or in hard-to-reach spaces, employ a window cleaner every quarter, it’s well worth the outlay.

Finally, keep guttering clear. Grass sprouting from the roof is not a good look and it could damage parts of your roof. Again, this may be a job for a professional, but it will save you dollars in the long term.






Categories: Real Estate Services

Spring Market Update – More Properties, More Buyers

October 1, 2019 Leave a comment

As the Spring selling season continues, we are thrilled to see an increase in properties coming onto the market, alongside a comparable increase in the number of interested and qualified buyers.

Research by Domain economist, Trent Wiltshire, indicated that the relatively high clearance rates in the two months prior to Spring are most likely an early sign of market turnaround. He notes that most commentary suggests that rising prices and higher clearance rates have been boosted by the low number of auctions but that historically, this has not been the case.


“Regardless of the number of auctions being held, clearance rates are still a timely and pretty accurate indicator of market conditions” he said. Economists, including Mr Wiltshire, have also predicted a third interest rate cut by the Reserve Bank of Australia before the end of the year.

Domain data from the June 2019 quarter also showed a slight jump in house price medians, for the first time since the peak at the end of 2017.

Feedback from our auctioneers and agents have echoed the positive sentiment, reporting that buyers are no longer holding back to place their bids, and often jumping in to spark further bidding once a home is announced ‘on the market’. Young families in particular are also coming back to buy, after regaining the confidence to put their hands up to bid. REIV President, Robyn Waters, notes that “the interest rate cuts and APRA’s advice to relax lending standards are among the factors that have cultivated an environment conducive to upsizing”.

After a relatively slow start to 2019, we now have the result of the Federal election well and truly settled, as well as two interest rate cuts already this year. We expect a robust and competitive Spring selling season, and hope that we can assist you with any of your selling, buying or investment needs!

Categories: Real Estate Services

Renting VS Buying a House | The Pros and Cons

August 13, 2019 Leave a comment
Brought to you by National Australia Bank 

Renting vs buying a house, the debate is never ending. We look at the pros and cons of both options to help make the right decision for you.

Housing affordability is a huge issue. Working out whether to jump onto the property ladder or continue renting can be a confusing decision. We’ll go through some of the pros and cons of both options to help you make an informed decision.

Renting: The Pros

Frees up your savings

By choosing the renting life over home ownership, you’re not spending your savings on a deposit and all the costs associated with buying a home. You’re freeing up money to spend or invest elsewhere. Depending on where you invest the money, you may actually get a greater return on investment than if you’d bought a house. You need to think carefully about your investment goals and strategy.

Or you may be at a time in your life when you’re not yet ready to have all your savings and monthly income going towards a deposit and a mortgage. Does travel or study beckon?

It gives you more flexibility

Renting gives you flexibility. As a tenant you can freely relocate from home to home and area to area once your lease expires. The significant costs associated with buying and selling means that you have less flexibility when choosing to move house.

Allows you to diversify your investments

Buying a home, especially for first home buyers, often means that all your savings will be going towards the one asset. Do you feel comfortable with most, if not all, of your savings being tied up in a single investment? Renting allows you to use your savings across a broad range of investments. By diversifying your investments, you’re also spreading out any potential risk.

Renting: The Cons

If history is a past indicator, the cost of renting will steadily increase over the years due to inflation and rise in property prices. Depending on where you live, your mortgage repayments may initially be higher than the cost of renting, but over the life of the loan, the interest charged reduces as the principal is paid off. Many people pay off their mortgage in under 30 years. Sure they’ll still have costs for home maintenance and council rates, but they’ll be free of large monthly payments to live in their home. But if you choose a life of tenancy, you’ll always have rental payments. Once you hit retirement and your income is reduced, it may be difficult to find a large sum of money each month. You may also be less able to absorb rent increases.

No forced savings

A mortgage is like forced savings. You’re obligated to pay your mortgage every month – putting money towards an asset that could potentially increase over time. But with renting, it can be tempting to spend spare cash rather than saving or investing it.

Buying A House: The Pros

It gives you stability and freedom

Buying a home provides you with certainty; there’s no risk that you’ll be displaced by a landlord. Tenants have very little say in how long they can occupy a rental property beyond the lease term. Living in your own home also allows you the freedom to renovate and decorate your home as you please.

Rise in house prices over time

Having an asset that may increase in value over time is appealing. While house prices have consistently risen over the long-term, they can also have periods of weak growth or even fall in value. You need to remember that home ownership is a long term investment strategy.

The ability to use the equity in your home

Home equity is the proportion of your home that you own. Provided that the value of your house is increasing, as you pay off your loan, your equity will also be increasing. You may then be able to use the equity to fund an investment such as shares or a managed fund.

Buying A House: The Cons

You’ll be paying interest

The interest and fees you pay over the life of a loan can be significant. Be prepared for interest rates to fluctuate during the term of your loan, especially if you have a variable interest rate or when your fixed rate period expires.

There are opportunity costs

This is the cost of having your money tied up in property. If you choose a life of renting, you’ll have the money you would have saved for a deposit to spend elsewhere. This might be for travel, study, entertainment or your own business. It could also be used for other investments that potentially could yield greater or quicker returns than a residential property will.

Ownership costs are more than just a deposit and loan repayments

Buying and selling isn’t cheap. According to the Reserve Bank of Australia, it costs about 4% of the sale price of your home to sell (agents fees, advertising) and about 6% of the purchase cost to buy (stamp duty, government fees, conveyancing costs, loan establishment fees). Not to mention the ongoing running costs of owning a property including council rates, repairs, depreciation, body corporate fees, water and insurance costs. It’s much more than just saving for your deposit.

Doing The Sums: The Best Option For You

As we’ve seen, the case for buying or renting isn’t a simple one. There are many different factors to consider including your financial resources, lifestyle, family needs, investment goals and appetite for risk. Doing research and talking to an expert is a good idea. To assist you with your decision, as a starting point, we’ve got a handy rent vs buy calculator. Based on your current rental repayments this tool will help you work out if you could afford a home loan.

Important Information
The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.
Categories: Real Estate Services