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...
A Sunset Clause is a common condition included within a Contract of Sale when purchasing a property off-the-plan. It's a common term discussed among friends, but we want to help you understand that this isn't a 'bad term'. Many take this as problematic issue when buying. Sunset Clauses are usually included as a way of protecting the interests of both parties when it comes to a sale. What is a Sunset...
What does a property manager look for in a tenant? Many people have at some stage leased a property. You may have had an application miss out to another tenant or perhaps been declined. Successful investors leasing property know that a Property Manager does there due diligence to source the best tenant available. Melbourne vacancy rates remain low as the population growth increases. It’s not uncommon...
There has been a consistent take-up of Airbnb. The trend continues with the idea that this new leasing agreement can generate a higher rental income stream. If its to rent out a room or the entire home, many have been enthusiastic to learn more about it. The yields can certainly be higher, but let us share some great data researched by 'The Conversation'. Taking note of the research conducted by 'The...
Property trends occur as they do in clothing wear. Many designs trend indefinitely, while some come and go. One area of the house that takes a lot of attention are kitchens... What is currently trending in kitchens? We have summarised some of the growing trends that are occurring within our kitchen. Kitchen island bench - Looking at most of the trends, this is the most common. Most of you would know,...
Spiral staircases are becoming more popular to your normal traditional staircase. They are becoming a modern display feature to a large double storey family home. Today spiral staircases are known for being space-efficient as well as magnificently beautiful and even majestic. As family needs and tastes change, we are seeing common feedback to the stunning look of a spiral staircase bringing the home to...