Common Mistakes Sellers Make With Apartment Blocks (Simon Abbott’s Shortlist)

Over the years, I’ve seen otherwise smart owners cost themselves tens or hundreds of thousands by mishandling Victoria’s apartment block market. The biggest pitfalls?
1. Expecting a standard residential agent—without the right buyer/investor database—to understand the full potential.
2. Paying $20k+ upfront for flashy advertising that rarely targets real buyers for blocks.
3. Trying to sell blocks piecemeal when demand is for an entire holding (or vice versa).
4. Ignoring existing leases and tenant stability, leading buyers to price in perceived risk.
5. Failing to assemble clean titles, planning docs, or levy history.
6. Pricing purely on gross yield rather than net rental performance, future uplift or risk.

A smart seller works with a Victoria-wide block specialist, builds buyer competition, and is open to creative packaging. Want a second set of expert eyes? Contact Simon Abbott for a confidential review.