If you are unsure what a conveyancer is and what they do, here is a brief overview. What is conveyancing? When a property transaction takes place, the land ownership is transferred from one person or entity to another. Conveyancing is a legal process used to execute these transfers. Both buyers and sellers require a conveyancer or solicitor to guide them through the process. A conveyancer generally...
Top things to do in South Melbourne South Melbourne is a very popular suburb that has seen many young professionals call this place home. Situated nearly a stone throw away from the Melbourne CBD it not only a highly active neighbourhood, its very well connected with the use of public transport and bike paths. Here is a list of things to do, but in no particular order: South Melbourne/Albert Park...
A good credit score demonstrates your financial health when it comes to lending. Without it, it's very difficult to get any form of loan, particularly a home mortgage. If you manage to obtain a loan, a bad credit score will result in paying an interest rate beyond the market average. Having a good score will provide better flexibility to source the right loan, while allowing you to access more money to...
Buying an investment property can be challenging at the best of times. Purchasing a property you've never been to can be even more challenging. For many investors, buying interstate can be very difficult to accept. Both new and experienced investors can feel a mix of emotions. Purchasing a property you've never been to can feel like a greater risk. We all work hard to place ourselves in an investment...
What are vacancy rates? If you have ever looked at buying an investment property, you are sure to have heard this terminology before. What are vacancy rates? Vacancy rates are the percentage of how many rental properties in a location or market are currently without a tenant or vacant. The rate is calculated by using the number of vacant properties, multiplying that number by 100, and dividing that...
The First Home Owner Grant is also known as FHOG. It is a Government scheme that provides a one off payment to a first home buyer who purchases or builds their first home. The payment provided by the government and the eligibility rules differ from state or territory where purchased. Here we summarise some basic information relating to the First Home Owner Grant in Victoria. You can receive up to...
With Melbourne being asked to home isolate for a further 6 weeks, many must be confused and lacking routine. Here are some ways to set routine during isolation. Take a timeout from the news In recent months, COVID-19 has been the center of news. It’s nearly impossible to avoid it. There is no doubt, it’s causing a heightened state of anxiety for many individuals and families. Taking a break from...
Buying an investment property is a popular asset to own. Both new and experienced investors often have similar reasons why they wish to purchase an investment property. There are many advantages and disadvantages. Here were discuss and summarise them. Advantages of purchasing an investment property: The property market is generally more stable than other investment markets such as the share...
Land is a precious commodity. Some feel it’s the essence of property investment. Are you familiar with the term titled land? In this article we teach you what titled land is compared to untitled. In residential property, titled land is when the allotment has been officially recorded with the Land Registry. If your block is officially titled land it’s been granted a Certificate of Title. This...
Common concerns when buying off the plan. There are many benefits with buying off the plan, however some feel nervous or suspicious about it. In this article we want to highlight some common concerns when buying off the plan. Buying off the plan means you’re purchasing a property before it is completed. Below is a summary of common concerns: What if the builder goes bankrupt, will I lose...