Many Australians are cautious of buying apartments off the plan. At face value they seem complicated and hard to understand. However, this is quite the opposite. If you know what you’re doing an Apartment can really present so many benefits to you. We won’t elaborate on the opportunities within this article, but we want to share some important tips to buying an Apartment off the plan. Selecting...
Property affordability is challenging. A strategy many take is to use a guarantor. In this article we discuss the benefits on how it may help. Please note every strategy has it’s set of advantages and disadvantages. We therefore urge everyone looking to buy a property, particularly when using a guarantor to seek advise first. Many good sources are your accountant, financial planner, lawyer/solicitor...
While researching home loans, you may have come across the term Lenders Mortgage Insurance or LMI, but what does it mean? What is Lenders Mortgage Insurance (LMI)? LMI is essentially an insurance policy that the borrower pays for to ensure the bank is covered if you default your home loan. Some people initially think it's an insurance policy to cover their mortgage repayments if they enter a...
When it comes to taking control of your personal finances, most don't take the time to create a budget. A budget doesn't mean you stop enjoying life. The primary purpose is providing you with a guideline to understanding what you can afford to spend on a property. This is irrelevant if you are buying a home to live in, use as a holiday home or to invest. It also allows you to discover what you are...
Establishing your objectives. As a former financial planner and now property adviser, Tristan Markulija has seen quite a number of goals and objectives. Some with great motivation, some very realistic and achievable, while some are completely unattainable. Part of our process in sourcing the right property for you, our team devote a large component in educating you on the property market, helping you...
The benefits of an owners corporation. An Owners Corporation was previously known as Body Corporate. We prefer to look at Owners Corporation with a pragmatic approach. Strata fees are in place for a reason. They are shared costs between residents for mandatory fees. These fees would typically include building insurance, public liability insurance and any legislation-based payments. These fees are...
Time is the most valuable commodity. If we could by time to continue saving, while locking in a property price for the future, how awesome would that be? Purchasing off the plan buys more time. Let’s explore this idea further. Once sourcing the property that appeals to you, buying off the plan offers you the chance to purchase a property now, but settling a loan in the future (i.e. 18 months or...
I don't know if it's forward thinking or impulse buying, but we always buy things in bulk if it’s well discounted. Food is certainly something we will buy in bulk. I can’t eat it in one day, but I know it will be eaten… Over the years we have realised that it's not the price you pay that matters, but the quality you get. If you can get something cheap that's helpful but it's pointless if it...
Many people often feel that if they wait, they may find a bargain. Bargains come and go. First home buyers are very new to the property market and often nervous. It’s important to get advice, but be careful. Don’t listen to too many people, particularly if they haven’t been overly successful in real estate or perhaps not qualified to provide advice. Buying property can be an overwhelmingly emotional...
Melbourne property under $500K. It’s evident that property prices in Melbourne continue to increase. Many find it difficult to meet the affordability, while others are fortunate to manage a large property portfolio. Nevertheless, every type of buyer would be very interested in sourcing a quality property, particularly Melbourne property under $500K. As at September 2017, here are some property...