Cashflow

When it comes to buying property, cash flow is critical.

Most people think that investing in property is all about growth. And it is. But it’s also about having the cash flow to hang onto it. That’s because you need to hold onto the property long enough to get the growth or price increase.

Sounds simple? Yes, but most individuals cannot afford to buy property outright and pay cash, just as most homeowners cannot afford to pay for their homes all at once.

That’s why we work with you to make sure your needs are understood and met. That you are comfortable with your budget, and that you don’t overspend or buy something you can’t actually afford.

Canterbury, 19 Rubens: Would you believe it? Missed by that much. Actually Richard James of Jellis Craig does not miss all that often. Four bidders. Bought for $3.301 million. Good result for agent Daniel Bradd as well.

We also recommend you talk to your accountant about putting a cash flow buffer in place, particularly if you are in the process of selling another property to fund the next place.

Case Study

Dear Mal,

I write to thank you for your assistance in the sale of my city investment apartment recently.
When I engaged you I had already had a difficult experience with a city real estate agency which had taken my advertising money and provided no performance. I knew that city apartments were difficult to sell profitably at the time and that the market was trending further downwards.

You dealt with me frankly and honestly and provided a lot of helpful advice. After providing your advice you left the decisions to me and did not seek to pressure me in any way.

Your work in selecting and engaging a second (and later a third) real estate firm to sell the apartment was the first rate. I found both agents very good.

You stayed in regular contact with me as to progress and closely monitored the performance of the agents. The agents were aware that you were monitoring them but you maintained a good relationship with them.

In the finish the apartment sold at a price which was realistic given the market. The fact that I am writing this thank you and recommendation, despite not achieving a high price, should speak volumes about my satisfaction with your services. Your work was of the highest standard. I will use you services again and will readily recommend you to others.

Name Withheld
Partner,
Maurice Blackburn Cashman Solicitors

Please note we do not sell but as part of improving our clients cashflow we organized a difficult sale of a poorly performing property before we bought a better long term one.