Top 10 trends when building a new house. The property market has been in high demand in recent months. Many investors and owner occupiers have been taking advantage of various government stimulus packages and buying various types of properties in different locations. At Crest Property Investments we have seen some common trends with what people are looking for when building a house and land...
Buying a small block of land in Melbourne has become widely popular over the last 5 years. Given the fact Melbourne property prices have continued to increase, its created an affordability problem for many. At Crest Property Investments we have seen a large take-up of buyers wanting to build a new house on a small block of land. This has allowed many new buyers to enter the market without heavily...
When buying property you may have come across the term ‘days on the market’. Do you really know what it means and if it’s relevant to you? In this market insight we discuss this further and provide an example to help. What are days on the market? The term days on the market refers to the number of days between the day a property is listed on the market and the day it is actually sold. If a property...
How to calculate rental yield. When buying an investment property, investors review the performance of their asset in three ways. These are income, capital growth and tax effectiveness. Understanding the rental yield is among the most important factor when considering a purchase. In this market insight we discuss what a rental yield is, how to calculate it and what is deemed a good return. What is Rental...
Here are some famous property investment quotes from some of the most successful people in the world. "Tough times don’t last. Tough people do" Gregory Peck - American actor. "The best investment on earth is earth." Louis J. Glickman - New York-based real estate investor and philanthropist. "As people seek to improve their living environment, there will be continuous demand for residential...
Not all landlords require a cleaner, but some see great value. This may be because you are leasing out your own family residence while on holiday or work visa. It may also be an expensive property that requires higher maintenance. Either way, some landlords employ a cleaner to ensure the property is in great condition while also being able to increase the rent. There are many benefits to hiring a cleaner...
Where do I buy my first investment property? The property market is a massive landscape. It can be overwhelming to think, where do I start? There is more assessable information available than ever before, but what you read, can be far from factual. In fact, a lot of online content may be based on opinion. Having more information available, can make your first step to buying an investment property more...
The risk of underinsuring your property. Unfortunately its well known that many Victorians don't have enough insurance cover. When it comes to property ownership, many continue to leave themselves at risk. Some underinsure because they can't afford it, other choose to save on the cost while some also feel a distrust toward insurance companies. The risk of underinsuring can leave you in a bad...
The National Disability Insurance Scheme (NDIS) is an incredible initiative and also an eye-catching investment opportunity. It is supporting a better life for hundreds of thousands of Australians with a significant and permanent disability and their families and carers. It also reduces the number of younger adults having to go into some form of aged care. Having NDIS will offer many people the...
The power of hindsight... If we all wanted magic powers, no doubt this would make most people's top 10! When it comes to buying property, the power of hindsight is often brought up by prospective clients who happen to be unable to make the 'plunge' of buying an investment property. This is for good reason, as property investment is likely the most expensive asset you'll own while it may come with a 25 -...