These days, not everybody wants to buy a property outright on their own. An alternative may be to purchase through a tenants in common. If you’re considering buying a house with a partner, however worried the relationship won’t last. The Tenants in Common Exchange (ticX) will provide you with a platform to sell your share. The ticX trading platform allows developers, builders, renovators and real...
Are you ready to build a new property? Is it for investment or to occupy? Regardless of the purpose, how do you choose the right builder is critical to gaining longevity, low maintenance and a well-presented property. How to choose the right builder Your motive may differ from others. You may want to miminise some costs for an investment property or you may want superior workmanship to raise your family....
How do valuers assess a property valuation? No matter if you purchase a brand new, off-the-plan or second-hand property, we are all in the mercy of the valuer. This is less relevant for a cash buyer, but for the most part, buyers require borrowed funds to complete their purchase. This means the bank will employ a valuer of their choice to complete property valuation. There are many professionals in...
The property market reaches new heights in prices The Real Estate Institute of Victoria’s latest data reveals that metropolitan house values surpassed $850,000 for the first time. This result comes on the back of two consecutive quarters with growth of more than 3% each, the last time this occurred was in June 2017. REIV President Leah Calnan said the Victorian property market continues its strong...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne remained unchanged at 2.2%. The proportion of vacant properties in regional Victoria rose to 1.7%. The weekly median rent for houses in metropolitan Melbourne increased by $20 per week from $460 in September 2019 to $480. The weekly median rent for houses in regional...
Landlord insurance is an important means of protecting your investment property. Landlords' insurance is an insurance policy that covers a property owner from financial losses connected with rental properties. The most common landlord claims are tenant related issues over non-tenant related. According to EBM RentCover the majority of insurance claims were caused through tenant-related issues. The...
In may parts of the world, multi-generational living is a cultural family lifestyle, but historically in Melbourne, it hasn't been the case. Well that's when property affordability became challenging.... It is quite common for many families to support one another with multiple generations living under the same roof. It allows family members to either travel the world during their youth or provide more...
When buying an investment property, the conversation around maximising returns and capital gains tax are always high on the agenda. Investment returns come in the way of rent (income) and property growth (capital growth). Rent is assessable income and taxable within the same financial year they are earned. Property growth, known as capital gains is the profit generated once the property is...
According to the latest RACV analysis here are a list of Victoria’s latest crime statistics and home burglaries. Some suburbs may surprise you… The analysis conducted by the RACV use multiple data from government officials, the Victoria Police. Statistics sourced from 2018-19 studies have been collated to identify the most dangerous and safest suburbs in Melbourne. A scary thought…The data...
It is finally official. The Government has established a new policy called the mortgage guarantee scheme, which is aimed to help first home buyers enter the property market. The mortgage guarantee scheme will offer first home buyers the opportunity to purchase a property with just a 5% deposit subject to eligibility. The scheme will essentially boost up to 10,000 first home buyers each year on low and...