There are some new changes to the Residential Tenancies Act scheduled to take effect on the 29th of March 2021. In the market insight we offer you some important amendments that may impact you and your investment property. Before making an informed decision, we encourage you to discuss your personal circumstances with your property manager in advance. Here is a summary of the new changes to take...
The Job Seeker has been a lifeline for many Australians dealing with the financial impact of the global pandemic. The JobSeeker has been a great initiative from the Australian government to support families in need. Unfortunately the JobSeeker will cease at the end of March 2021. The question remains, will no JobSeeker change the property market? Will it cause prices to drop and will rents...
If you plan to be a successful property investor, you'll need to quickly create a mindset that investing in property is not a hobby. Establishing a property portfolio should be treated similar to a business. If you are new to investing this market insight will highlight the important aspects to investing better. Owning an investment property can be very rewarding by offering a passive income through rent,...
Eco government rebates... When buying a family residence or investment property, owners are always looking to maximise their cash flow and long term capital growth. In recent times investors have started to consider energy-efficient ways to do so. It is also amazing for the environment. There are a number of government grants offering rebates and/or incentives to owner occupiers and...
Top things to do in the Melbourne CBD (city) The Economist Intelligence Unit's 2017 Global Liveability Index awarded Melbourne as the world's top city for seven years running. Healthcare, education and infrastructure are among the most influential reasons. Now currently ranked second, is a place anyone around the world can call home. Undoubtedly filled with amenities and activities here is a list of the...
Mortgage deferrals continue to drop. According to new research from Australian Prudential Regulation Authority (APRA) it seems many Australians are once again managing to pay their own mortgages. Back in May 2020, there were approximately 10% of of borrowers needing to pause their loan repayments. In December 2020, borrowers needing to pause their loan repayments were down to approximately 2.4%. The...
Most popular suburbs first-home buyers are purchasing. At Crest Property Investments, we source brand new and off the plan properties for buyers. At present, we are discussing and meeting with many first home buyers taking advantage of the government incentives and record low interest rates. The covid-19 pandemic has seen many young Australians look into their borrowing capacity and buying opportunities....
Family and friends want the best for us. If they can offer some advice to help you succeed, you can trust their intentions. However in many cases, their advice isn’t appropriate to enhancing your situation. Family and friends offering advice will come from a good place but it doesn’t mean it’s the best advice. You’ll see that your uncle is a successful businessman but that doesn’t mean he...
Apartment supply shortage. There is a significant fall in the number of new apartments within the process of pre-sales or under construction stages. The apartment supply shortage is very evident and will continue further in 2021-2022. At present the demand is highly outweighing the apartment supply. The demand has been fuelled by the fact interest rates are at historic lows and there are a variety of...
A proxy in an owners corporation. When owning an apartment or townhouse, you may have experienced what an owners corporation does and why it’s needed. In this market insight we would like to help you understand what a proxy is and when/why they may be needed. An owners corporation is required to operate an annual general meeting (AGM) where property owners take the opportunity to discuss and vote on...