What is stamp duty? Here is a guide to understanding stamp duty in Victoria when purchasing a direct residential property. Before purchasing a property, it's wise to assess the stamp duty implications to ensure you can afford the total cost of buying a home. What is stamp duty? In Victoria is also known by the term 'land transfer duty'. It is essentially incurred when a buyer purchases a...
The ongoing costs of keeping a property. When buying a property, there are always necessary holdings costs. Most are aware that a loan is usually part of the purchase, so paying a mortgage is a common ongoing cost. This is very true, but in this market insight we want to share with you the type of other outgoing costs are associated to owning a property. If the property is for investment purposes...
Setting property investment goals is a key contributor to being a successful property investor. In this market insight we share some tips to help you establish goals that will help you advance into your investment journey. What is your motive or plan behind investing in property When investing into any form of investment, you need to understand what your motive is. Of course, we all want to...
When buying an investment property, one of the many contributors that makes property the best investment are the tax benefits achieved when implementing a negative gearing strategy. It shouldn't be the sole reason to invest in property, but its something that should be taken into consideration when making an informed decision. If you are a property investor, you've probably learnt a little about the...
Owning property requires a big commitment. One of the key contributors to reaching financial independence is through owning property. In recent decades, many people have found pricing affordability difficult. As prices increase, its obvious than many Australians will continue to find this worse over time. There are many ways to increase your ability to afford a home, but many...
Latest rent yields and vacancies. For property investors, here is an insightful look at what's happening nationally in the rental market. According to new data from SQM Research, vacancy rates throughout all of the capital cities in Australia from June 2020 to June 2021 fell with the exception on Melbourne. Melbourne's results have obviously been impacted with the various lockdowns that took place...
Rental Market Snapshot: The Melbourne property market continues to witness unprecedented capital growth, particularly in Melbourne. When buying an investment property rental income is just as important. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant...
Tips to maximise your rent. When buying an investment property, most would agree, rent is as important as generating capital growth. Having the opportunity to receive a weekly income stream can be a real winner in so many ways . In this market insight, we share some tips to maximise your rent. Aim to establish long term leases By establishing a long term lease, you'll effectively...
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...