There are many fine perks when living at home with your parents. You have less costs, less responsibilities and security. However, there comes a time when you will want to move out, or your family/parents want you to move out. In this market insight, we talk about four questions to ask before you move out. 1 - Is it a good time to move out? Moving out from home is likely one of the biggest life changing...
If you own a property that features an owner’s corporation, you’ll soon learn that it holds an annual general meeting (AGM). An owners corporation will discuss many matters from maintaining surplus cash to covering costs such as building insurance premiums, garden, and waste management to name a few. They are required when a property features common property areas such as driveways or a car...
Most popular suburbs first-home buyers are purchasing. At Crest Property Investments, we source brand new and off the plan properties for buyers. At present, we are discussing and meeting with many first home buyers taking advantage of the government incentives and record low interest rates. The covid-19 pandemic has seen many young Australians look into their borrowing capacity and buying opportunities....
Family and friends want the best for us. If they can offer some advice to help you succeed, you can trust their intentions. However in many cases, their advice isn’t appropriate to enhancing your situation. Family and friends offering advice will come from a good place but it doesn’t mean it’s the best advice. You’ll see that your uncle is a successful businessman but that doesn’t mean he...
A proxy in an owners corporation. When owning an apartment or townhouse, you may have experienced what an owners corporation does and why it’s needed. In this market insight we would like to help you understand what a proxy is and when/why they may be needed. An owners corporation is required to operate an annual general meeting (AGM) where property owners take the opportunity to discuss and vote on...
How to avoid home buyer’s remorse. No doubt everyone has experienced it in one way or another. Even the more experienced property investors feel it on some purchases. It can even come to you when buying a car, a new tennis racquet, a dress or paying for some accommodation. There are different levels of buyer’s remorse. Purchasing a $300 tennis racquet would be seen as a lower scaled level...
What can cause construction delays? Buying a property off the plan is an exciting opportunity that has suited many types of buyers for decades. You can purchase apartments, townhouses and house & land packages to name a few. When buying off the plan you’ll be given guidance around the construction timeframe and estimated completion date. Many buyers use that time to save additional money to...
When buying a property considering the importance of it's location has never been so important. Buying in a good location, you’ll have the flexibility in the future to modify or renovate the property. However buying a property in an inferior location can’t obviously be easily picked up and moved to a better area. That’s why you should consider the location carefully. Here are some of the most...
Auction clearance rates are the most viewed property statistic. In this market insight, we take the opportunity to help explain what they are and how to understand them. They are calculated for auctions scheduled during the week, ending each Sunday. It indicates the percentage of properties sold at auction using available data. The data also takes into consideration properties sold before...
Thinking of buying off the plan? Purchasing a brand new property can be very rewarding. Walking into a home smelling the freshly painted walls or admiring the stone surface of your new kitchen island bench are just a couple of things that make buying off the plan an amazing decision. There are many reasons why buying off the plan is a great way to purchase a property, however in the market insight...