A property caveat is a legal notice or warning that is lodged with the relevant government authority to inform interested parties, particularly potential buyers and creditors, that there is a legal interest or claim on a specific property. It is a common legal mechanism used in real estate transactions to protect the interests of individuals or organizations who have a stake in a property, even if they...
Setting a New Year's resolution for buying a property is a great goal that requires careful planning and commitment. Here are some specific and actionable resolutions you might consider: 1. Define Your Property Goals: Clearly articulate your reasons for buying a property. Whether it's for investment, homeownership, or another purpose, having a clear goal will guide your decisions. 2. Create a...
Bank valuations vs Market valuations. In majority of cases, people looking to purchase a property to invest or occupy will acquire it with the help of borrowing funds. If this is the case, the loan application process will require a bank valuation in the lead up of offering you an unconditional loan approval. Many people receive a variety of market valuations in advance to obtaining a loan approval, but...
Great investor quotes. Certainly, there are many famous quotes from successful investors that offer valuable insights into the world of investing. Here are some timeless great investor quotes from renowned investors: Warren Buffett: "The stock market is designed to transfer money from the Active to the Patient." Peter Lynch: "The best investment you can make...
What is evaporative cooling? With the fluctuating weather patterns in Australia, particularly Melbourne, keeping your home cool during the summer season isn't always easy. Climate control within your home has significantly evolved over the last decade and they can also look aesthetically pleasing within the home. In this market insight we discuss more about evaporative cooling and its associated...
Moving to a new suburb can be an exciting but challenging experience. It's essential to prepare and gather information to make the transition smoother. Here are some things to know and consider when moving to a new suburb: Research the Suburb: Learn about the suburb's demographics, crime rates, and safety. Investigate the local economy, job opportunities, and the cost of living....
Tips when buying vacant land. Here we discuss what to consider when purchasing a block to build on. Buying land is a very exciting time, regardless if its to build a home to occupy or invest, let's explore the topic of buying vacant land. Understanding the legal obligation When buying vacant land you should have the contract reviewed by a solicitor to ensure the content is...
What to look for when buying a house and land package. Buying a standalone home on a nice block of land can be a great investment. Purchasing a full turn-key is among the most ideal ways to buy as its a fully inclusive purchase that is generally offered on a fixed priced contract. In this market insight we highlight five common items to consider in advance before you begin. What is a house and land...
Here are some historic quotes from the most successful and inspiring people to walk the planet. “Associate yourself with people of good quality if you esteem your reputation, for ‘tis better to be alone than in bad company.” — George Washington “All truth passes through three stages. First it is ridiculed. Secondly, it is violently opposed. Third, it is accepted as being self evident.”...
New changes to the Home Guarantee Scheme. The federal government has recently announced some new changes that will take into effect from 1st July 2023 aiming to help more Australians own a home sooner by expanding the Home Guarantee Scheme (HSG) criteria. The HSG is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government and...