Real Estate News


9 Little Known Facts About Pennisi Real Estate


  Forty-five long years we've been in business, yet there's still a few things most people don't know about our family-owned and run Essendon real estate agency. Here are 9 little known facts about Pennisi Real Estate we'd like to share with the Moonee Valley community...   1. We are the oldest real estate agency in the City of Moonee Valley. Sam Pennisi established Pennisi Real Estate in January 1973 at the age of 33 with a staff of only two. Today the company employees a team of over 20 and is the oldest agency in the City of Moonee Valley celebrating a prestigious 45 years in 2018. Learn more about the Pennisi story here.     2. We are massive supporters of the Cancer Council.   In 2018 already, we’ve raised $18,940 for Cancer Council Victoria’s life-saving work in research, prevention and support of the 622 people diagnosed with cancer in Moonee Valley City each year. Learn more about our annual fundraising campaigns here. &...


Highest Team Fundraiser 2018 Relay For Life


It is with great pride that Pennisi Real Estate has been announced the Highest Team Fundraiser for the 2018 Relay For Life.   Included in our fundraising campaign was the annual Pennisi Trivia Night, attended by 250 people to raise a total of $14,500.00.   We also competed in the Moonee Valley Relay For Life raising a further $3,240.00 and held a morning tea that raised $1,200.00 in memory of Dianne Pennisi who lost her fight with breast cancer in April 2017.   Together we raised a sum total of $18,940 for Cancer Council Victoria’s life-saving work in research, prevention and support of the 622 people diagnosed with cancer in Moonee Valley City each year.   The funds raised are making an incredible difference in our local community through the following initiatives…   Australian Breakthrough Cancer Study, following 50,000 people to understand more about cancer to help prevent and treat it. SunSmart, Quit and LiveLighter, which help pre...


Top 5 Tips For First Time Home Buyers


  Buying your first home can be daunting – both financially and emotionally. It’s likely to be one of the biggest investments you’ll make, so the Pennisi Real Estate team have compiled their top 5 tips to guide you.       1.  Start saving now (like, today) House deposits can take years to save, so it’s smart to start as soon as possible and save as much as you can. This not only demonstrates to your lender that you can exercise enough discipline to accumulate a large amount of savings, but you will also have a buffer of equity in the property from the beginning.Think about how much you could save if you passed on the cafe lattes and avo smash for a few months. If you skip two flat whites a day you could save nearly $2,000 a year... If you skip two avo toasts a week you'll save another $2,000 a year... It all adds up and in five years time you'll have an extra $20,000 ready to go...


Five Mistakes To Avoid When Investing In Property


    1.  Not doing your research When purchasing an investment property, it’s important to do your research about the location, local amenities, rental yields, vacancy rates and the property itself. While it may not always be possible, you should aim to know as much as you can about the neighbourhood you intend to invest in.   Be wary of ‘booming markets’ such as mining towns and tourism centres. These may produce excellent returns over the short term, but how will the investment stack up long term if there is an industry downturn? Remember, a good investment is not one based on speculation.       2.  Not having a professional property management team in place Many people assume property management is simple and think they can do it all when it comes to taking care of every aspect when managing their property. This can quickly become a stressful and tedious task, not to mention the ever increasing legislative requi...


When is the best time to sell my property?


Every season offers the seller different opportunities to market and sell their property...    Winter   Winter is a great time to sell your property as there is often less stock on the market. A well presented property in winter stands out as there is less competition and buyers are looking all year round. A warm open fire in a Melbourne winter accompanied by hot chocolate on arrival is the perfect way to welcome potential buyers to an open home.     Summer   Summer offers a unique time to showcase your property. Long days and summer holidays give prospective buyers more time to spend looking at property and imagining themselves moving into their new place. Offering a cold lemonade at an open home in summer ensures prospective buyers stay long enough to enjoy the refreshment while leisurely perusing the property.     Autumn   Autumn is a busy buying period with many families wanting to settle on a new property before wint...


How to (Ethically) Boost Your Property's Sale Price


    Below are the 4 key steps you must follow for a successful property sale. You may be new to the property market and this may be the first property you have sold, or you may be an experienced property seller and just need reassurance that you're on the right path. This guide steps you through the 4-stage process for effectively selling your property to get the maximum possible sale price.     1. Choose the Right Agent Selling your property is an important life event which can be financially and emotionally demanding, and that’s why you need an experienced and trusted professional real estate agent to help you with the process. Find an agent you trust, who you believe will look after your interests and do a great job. Interview as many as it takes to find one you trust. Beware of agents who try to dazzle you with empty promises of an unrealistic price, or an expensive marketing campaign that promotes their agency, but does litt...