According to research conducted by the Real Estate Institute of Victoria (REIV), homes located within some of Melbourne’s best public school zones have asking prices in excess of $100,000 more to similar properties that position outside school zones. Its becoming public knowledge to learn housing prices within school zones are higher to neighbouring properties, but the price differences may surprise...
Overcapitalising - How to avoid this problem. This is a very common word used in both the finance and real estate industry. Many investors and owner occupiers would also be familiar with this term. Overcapitalising is caused in situations where you pay to much on renovations or home improvements. Implementing capital improvements such as laying high quality outdoor decking, changing a gazebo into an...
It is very common for anyone considering buying a property to feel scared investing. Investing in property has been proven to be one of the most rewarding financial decisions to achieving financial independence. Owning an asset that grows in value and pays you a regular income stream (through rent) makes this a very smart investment strategy. If you are scared investing in property, you are not alone....
What is Tax Depreciation? Tax depreciation expenses are not actual cash expenses. They are known as a non-cash entry. They are charges used to recover an asset's earlier purchase. To claim tax deductions, an investor can apply for any non-cash depreciation expenses against their taxable income. An investment property is an asset that can receive tax depreciation. This can be used to lowering the amount of...
This is the latest Rental Market Snapshot as at March 2018. Here we highlight, metropolitan Melbourne and regional Victoria. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne remained 2.1%, while regional Victoria fell to 1.8% in March 2018. The weekly median rent for houses in metropolitan Melbourne remained at $450 a week,...
Would you accept your tenant with a pet? Let's be honest... Australians and Melbourne love animals and pets. Who doesn't love being greeted by their puppy dog after a hard day at work? Who doesn't love hugging their bunny rabbit or patting their cat while relaxing on the couch? The decision to allow pets into your investment property is important – and when you start thinking about dog hair, possible...
Buying an investment property is a great wealth accumulation strategy. To have the opportunity to earn a regular income stream through monthly rent is a great incentive. However, how do you attract a good tenant for your investment property? Generating a regular rental income is quite important and should be a key criteria when buying an investment property. It can help service your investment loan,...
One of the reasons investors turn to buying real estate is the fact it provides such a great income stream. Here we discuss how to stop late rent payments. Having the ability to generate a weekly rental income paid monthly has been one of the key drivers to buying an investment property. The better your tenant, the better your investment experience. If we hold the property long enough, we are often...
Sourcing a good tenant can be challenging. Particularly if you've bought an investment property in the outer Melbourne suburbs or rural country locations. When you successfully find one, you expect that those applicants will be living in your property. There’s a growing trend at the moment for rental properties to be sub-leased illegally through services like Airbnb. It is critical that you employ a...
Living in rural country can be quite peaceful and quiet. A relaxing lifestyle indeed. If you want to buy a regional property, here is a list of a few common things you should look out for: Land Covenants:- When buying regional property, it is important to read the terms and conditions. In purchasing a block of land that was subdivided will often be subject to a number of land covenants. These terms and...