According to research conducted by the Real Estate Institute of Victoria (REIV), homes located within some of Melbourne’s best public school zones have asking prices in excess of $100,000 more to similar properties that position outside school zones. Its becoming public knowledge to learn housing prices within school zones are higher to neighbouring properties, but the price differences may surprise...
Federal Budget - 2018/19 The Federal Budget was recently announced and little was associated to the property market other than some massive infrastructure changes that will place a positive impact on property prices but also impact interest rates in the near future. The government confirmed that wage increases have averaged 2% p.a. but they predict this to increase to 3.25% p.a. by 2020. Should this...
Overcapitalising - How to avoid this problem. This is a very common word used in both the finance and real estate industry. Many investors and owner occupiers would also be familiar with this term. Overcapitalising is caused in situations where you pay to much on renovations or home improvements. Implementing capital improvements such as laying high quality outdoor decking, changing a gazebo into an...
It is very common for anyone considering buying a property to feel scared investing. Investing in property has been proven to be one of the most rewarding financial decisions to achieving financial independence. Owning an asset that grows in value and pays you a regular income stream (through rent) makes this a very smart investment strategy. If you are scared investing in property, you are not alone....
What is Tax Depreciation? Tax depreciation expenses are not actual cash expenses. They are known as a non-cash entry. They are charges used to recover an asset's earlier purchase. To claim tax deductions, an investor can apply for any non-cash depreciation expenses against their taxable income. An investment property is an asset that can receive tax depreciation. This can be used to lowering the amount of...
This is the latest Rental Market Snapshot as at March 2018. Here we highlight, metropolitan Melbourne and regional Victoria. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne remained 2.1%, while regional Victoria fell to 1.8% in March 2018. The weekly median rent for houses in metropolitan Melbourne remained at $450 a week,...
This is the latest Rental Market Snapshot as at March 2018. Here we highlight, metropolitan Melbourne and regional Victoria. The Real Estate Institute of Victoria (REIV) has now released the property medians for the March 2018 quarter. New REIV data for the three months ended 31 March 2018 reveals that the median house price in middle Melbourne exceeded seven figures for the first time -...
Would you accept your tenant with a pet? Let's be honest... Australians and Melbourne love animals and pets. Who doesn't love being greeted by their puppy dog after a hard day at work? Who doesn't love hugging their bunny rabbit or patting their cat while relaxing on the couch? The decision to allow pets into your investment property is important – and when you start thinking about dog hair, possible...
Once our families grow up to be financially independent and raise their own families, you may realise at one point that your family residence is now quite big. Many people look to extract money from their home by downsizing. This can be quite an exciting time, but also quite daunting. What ever the basis behind downsizing your home, there are a few things that should be considered. What to consider when...
Buying an investment property is a great wealth accumulation strategy. To have the opportunity to earn a regular income stream through monthly rent is a great incentive. However, how do you attract a good tenant for your investment property? Generating a regular rental income is quite important and should be a key criteria when buying an investment property. It can help service your investment loan,...