According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne as at December 2018 was recorded at 2.2%, increasing from 2.0% in September 2018. The proportion of vacant properties in regional Victoria as at December 2018 was recorded at 1.2% decreasing from 1.4% in September 2018. The weekly median rent for houses in metropolitan...
When buying an investment property, many choose this type of asset as it not only appreciated in value, it also earns us a regular income through rent. To further benefit your investment returns, retaining a long term tenant goes a long way. Here are some tips to keep a happy tenant. Prompt maintenance This is a very influential service. Tenants are often disappointed with the lack of response from...
Is the key to saving a home deposit as simple as not buying a coffee each? Well not quite, but spending less does make a difference. The true key to saving for a home deposit is to establish a structured budget. This will ascertain your savings plan. With the implementation of a few strategies such as depositing funds in to a high-interest savings account reducing your cost of living, avoiding parking...
Taking on your first investment property can feel overwhelming and confusing. Speaking to an expert will simplify the process and ensure you take advantage of investing appropriately. Here’s a few reasons why investing at a young age is a great idea Long term investing will compound in value The greatest advantage that young property investors have is time. You have a long-time frame to buy/hold and...
One of the great benefits of buying a property is that you can borrow large sums of money to purchase your first/next property. However, obtaining finance can be quite difficult. The best way to apply for finance is through a mortgage broker. Apply for finance with a mortgage broker A mortgage broker can assess your circumstances without bias. You may bank with the ANZ or Westpac on a daily basis....
We work hard to earn our income and we are all very careful how we spend it. Many successful investors spend a little and save a little. In modern times, we are spoiled for choice when it comes to investing. Why does property investment remain the most popular? Is property the best investment? Let’s explore the basis why property investment is widely the most popular in Australia. Millionaires love...
Setting up the right flooring plays an integral part to presenting your property to another level. We often use this analogy... Would a man/woman look sophisticated wearing a suit/blouse with a pair of thongs on their feet? This is a rhetorical question, of course not. The right flooring can turn your home into something special, but making the decision between timber flooring or tiled flooring can...
It’s an exciting time buying a property. We have been lucky to witness many types of buyers succeed with property. However many have differing views and objectives. Regardless if you are a first home buyer, investor or owner occupier, there are some important questions you need to ask yourself before buying a property. Before buying, here are three questions that suit all buyers. 1 - How much money do I...
An expression of interest is the first step in the buying process for real estate. As buyers advocates, this initial stage is where you place an official holding reservation on a property. The expression of interest sets out the proposed details including the terms & conditions of the offer, purchase price and time frames to act. It is a non-binding offer and does not in itself constitute a...
Dual-income investment is an interesting property investment strategy that has been very well received in all parts of Australia. Earning two incomes from the one property is a very appealing investment plan. In this article, we take the opportunity to share some information about the advantages and disadvantages that the strategy offers. A dual-income investment is effectively a property that provides...