If you’ve ever spotted a suspiciously cheap Art Deco apartment in Melbourne’s inner suburbs and wondered why, this episode explains the hidden risks, opportunities and due diligence traps buyers need to know before bidding.
Cate and Lisa draw on more than 40 years of combined Melbourne property experience to explain why banks avoid certain title types, how buyers can accidentally lose tens of thousands of dollars, and why proper due diligence is critical when buying Melbourne property.
From St Kilda and Elwood to South Yarra and beyond, this is essential listening for anyone navigating the Melbourne property market.
📌 Key Lessons & Actions from This Episode:
- Understand the difference between strata, stratum and company share title properties
- Learn why Melbourne’s Art Deco apartments often come with hidden title complexities
- Discover why some “cheap” Melbourne real estate listings are not actually bargains
- Understand why banks heavily restrict lending on company share and stratum properties
- Learn how buyers can accidentally lose deposits by failing to identify alternative title structures
- Discover the risks associated with buying apartments without proper due diligence
- Understand how special levies and owners corporation liabilities can financially impact buyers
- Learn why parking, apartment size and title type dramatically affect resale value
- Discover the upside opportunities in converting company share properties to strata title
- Learn why unanimous owner approval can make strata conversions difficult or impossible
- Understand the hidden maintenance challenges common in older Melbourne Art Deco buildings
- Learn how experienced Melbourne buyer advocates assess risk before auction day
- Discover why professional contract reviews are essential before bidding at auction
- Understand the extensive due diligence process required for safe Melbourne property purchases
- Learn practical ways to identify risky title structures before making an offer
Lisa and Cate