Is Canberra the right place to invest in 2025? Investing in Canberra in 2025 could be a smart choice depending on your financial goals, the type of investment, and broader economic factors. Here's a breakdown of considerations: 1. Real Estate Market Government Stability: Canberra is home to Australia's federal government, meaning its economy is heavily influenced by public sector employment. This...
The Australian property market is exhibiting notable trends as of November 30, 2024: Property Prices and Market Resilience National Trends: Despite elevated interest rates and inflation, national house prices increased by 7.7% and unit prices by 6.1% between March 2023 and March 2024. Regional Variations: Perth, Adelaide, and Brisbane are leading in annual capital growth, with Perth's home...
There are different types of property titles in Australia which entail a different kinds of ownership structures. In Australia, property titles refer to the legal documents that record ownership and details of a property. Here are the main types of property titles in Australia: Freehold Title (Torrens Title): Torrens Title: This is the most common form of property ownership in...
Why would I add someone to the title? Adding someone to the title of an asset, such as a house, car, or bank account, can have several implications, depending on your intentions and legal considerations. Here are some reasons why someone might add another person to the title: 1. Joint Ownership Shared Ownership: If you want to share ownership of an asset, such as a house, with another person,...
Three ways to understand the value of your property. Understanding the value of your property involves assessing several key factors. Here are three ways to approach this: Acknowledging the Land: The value of the land itself can vary based on location, size, zoning regulations, and the potential for future development. Land in desirable areas or with unique features (e.g., waterfront, proximity to...
Rental Market Snapshot: According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metropolitan Melbourne increase to approx. 2.4% as at 30 September 2024. This has increased over the last three months, but remains steady when comparing it to 31 December 2023 where it was approximately 2.3%. The proportion of vacant properties in regional Victoria...
Top growth suburbs over the last three month period ending 30 September 2024. With interest rates remaining higher than previous years and Melbourne's imposed land tax, the property market in Victoria has underperformed the other states of Australia. There were however, a number of suburbs that witnessed very good capital growth over the course of the last three months. Here we focus and share the...
Growing a property portfolio using home equity is a common strategy employed by real estate investors. Home equity is the difference between the market value of your home and the outstanding mortgage balance. Here’s a step-by-step guide on how to leverage it to expand your property portfolio, but before we do, what is home equity? What is home equity? Home equity is the portion of a property's value...
Stamp duty, also known as land transfer duty, is a tax imposed by the Victorian government when you buy property in Victoria, Australia. The amount you pay depends on several factors including the property's value, the type of property, and any concessions or exemptions you may be eligible for. Key Aspects of Stamp Duty in Victoria Calculation: Stamp duty is calculated as a percentage of the...
Buying your first home is an exciting milestone, but it can also be overwhelming. Here are five tips to help first home buyers navigate the process: 1. Understand Your Budget and Get Pre-Approval Assess Your Finances: Start by understanding your financial situation. Determine how much you can afford by reviewing your income, savings, and any existing debts. Get Pre-Approved for a Loan: Before house...