According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne fell slightly to 1.9%, while regional Victoria remained at 1.6% in June 2018. The weekly median rent for houses in metropolitan Melbourne rose back to $450 a week, while the weekly median rent for houses also increased to $330 a week in regional...
When investing in property, any savvy investor is looking to maximise their total returns. As your property portfolio expands, it can become time consuming. Having multiple real estate agencies managing your properties may reduce the comprehensive guidance needed to maximise the value of your property portfolio. If you have investment properties across multiple agencies, consolidating your property...
Investing in property is very rewarding. It's ability to provide you with tax benefits is quite an appealing incentive to many. A successful property investor will focus on maximising their returns by aiming to increase their income through rent, review the potential capital growth, but also taking advantage of capitalising on the tax incentives provided in property investing. As the financial year has...
Buying a property can be one of the most rewarding investment decision. Over time it will provide you with capital growth, but in the interim, you are lucky to also generate a rental income. A good investor is always seeking new ways of maximising their rental return. An important strategy in achieving this goal is obtaining a rental appraisal. What is a rental appraisal? Unlike a organising a property...
How to prevent condensation this winter t's critical to maintain your investment property. It attracts good tenants, but also influences the income you earn (rent) and the capital growth over time. Certain parts of the year can require your attention. Melbourne is certainly in the middle of the winter season and the weather has been very cold. One sneaky concern arises with these cold mornings, and that's...
All property investors want the highest rental return. There are steps you can take to make sure your property is not only leased long term, but also achieving your desired rental return. Here are some important tips on increasing rent. 1. Provide your property with some TLC (tender loving care) – If you can take some time to maintain your property and make it look more presentable, you are likely to...
Which suburb in Melbourne is the oldest and youngest? Melbourne still remains a young city in comparison to the world. It has now grown to a population of 4.9 million people. Which suburb in Melbourne is the oldest and youngest? According to the Australian Bureau of Statistic's census report, Melbourne is projected to overtake Sydney as Australia's biggest city by 2030. However Melbourne's population...
Builders warranty is a topic not often discussed, but we think this is a valuable and important discussion to have. As we specialise in buying new and off-the-plan property, we want to share some usual details. As property advisers, when buying an off-the-plan property we do our due diligence on both the developer and builder. Sometimes this can be the same person. A good reputable builder who holds a...
Melbourne is a highly desirable place to live. In fact it has been ranked the best place in the world by Economist Intelligence Unit’s (EIU) from 2011-2018. Many inner city suburbs have contributed to Melbourne's culture, environment and stability. So what are the most populated suburbs? Melbournians love their city and have little desire to live to far away from it. As the land scarcity increases...
Amenities is a silent achiever when buying property. This is relevant if buying to occupy or invest. In this article, we take the opportunity to highlight how amenities should never be overlooked when sourcing the right investment property. It is widely known that the further we live from Melbourne (or any city for that matter), the fewer amenities become available. The closer we are to the inner cities...