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...
When buying an investment property, there may be a time in the future where you want to sell it. Sometimes you may be selling an investment property with a tenant living in it. However, it can be more difficult selling an investment property with a tenant living in it. Keeping the home presentable by reducing clutter, maintaining the landscaping and having the property clean are all out of your control...
Selling an off the plan property before settlement is also known as a nomination sale. At Crest Property Investments we help buyers sell their off the plan property before settlement. In this market insight we talk more about a nomination sale. If you are in a situation where you need some assistance, please don't hesitate to contact us. This video link to our Youtube channel also explains things in an...
A routine inspection is an effective way to ensure your investment property is being looked after by your tenant. It is also an opportune time to assess the property for any repairs, damages or safety issues that should be fixed. Having the property in pristine condition will increase your chances of keeping a happier tenant and a higher rental income. Employing a property manager to take care of your...
Rental Market Snapshot: Due to the global pandemic, covid-19 impacted vacancy rates and rent yields across the country. After the second wave of Melbourne moving into lock-down, these numbers further deteriorated. The outlook looks very positive ad we should see these numbers improve. Taking a look at both metropolitan Melbourne and regional Victoria, regional Victoria has outperformed. Numbers from...
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...
When buying an off the plan property, its important to take note of the specifications and inclusions list. Knowing what fixture and fittings are included in the build will highlight the anticipated quality you'll expect. What are fixture and fittings? Fixture and fittings are two separate things. Fixtures are items that are secured or bolted to the walls or floor, such as lights. Fittings on the other...
Buying a property of any kind is a fine achievement in itself. You can purchase a property in a number of ownership types, including individuals, companies, and trusts. In this market insight, we explore the difference between joint ownership and tenants in common. The most common way to buy a property is with two people. These two people are often spouses. Having two people collectively can make it...
When building a house, there are a variety of build stages to be aware of. One in particular is the key handover. The key handover consists of a few important events. Here we highlight the build stage in more detail. House clean Now that the build has reached practical completion, it’s time the home gets cleaned. As a number of trades have been walking through the home on a daily basis, the foot...
Over the last few decades, many new investment assets and strategies have become available. However many investors continue to turn to buy property. There are many reasons why investors remain committed to buying property. Here we discuss the main ones: Income Successful investors seek to earn income as part of their investment strategy. Shares earn income through dividends paid generally every 6-12...