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,...
One of the reasons investors turn to buying real estate is the fact it provides such a great income stream. Here we discuss how to stop late rent payments. Having the ability to generate a weekly rental income paid monthly has been one of the key drivers to buying an investment property. The better your tenant, the better your investment experience. If we hold the property long enough, we are often...
Sourcing a good tenant can be challenging. Particularly if you've bought an investment property in the outer Melbourne suburbs or rural country locations. When you successfully find one, you expect that those applicants will be living in your property. There’s a growing trend at the moment for rental properties to be sub-leased illegally through services like Airbnb. It is critical that you employ a...
Balcony garden ideas. The love of a balcony view has increased dramatically over the years. Buyers are falling in love with the idea of having a city view or park/river view. Many have also appreciated the view of the suburb and streets below. A balcony can be a great place to dine, relax and entertain. Here are some balcony garden ideas that may improve your enjoyment out on the balcony. Vertical...
In talking to friends, family and clients, Australians have an emotional attachment to appreciating outdoor living. We all love the thought of enjoying warm summer evenings entertaining in our internal open floor plans entering into our outdoor courtyard. Indoor and outdoor living seems to be in Australian's DNA. This leaves us with an important question... Why should homeowners and sellers bother with...
Living in rural country can be quite peaceful and quiet. A relaxing lifestyle indeed. If you want to buy a regional property, here is a list of a few common things you should look out for: Land Covenants:- When buying regional property, it is important to read the terms and conditions. In purchasing a block of land that was subdivided will often be subject to a number of land covenants. These terms and...
According to new research conducted by rent.com.au, it's anticipated that Australia’s average renter this year is a 34 year old female earning approximately $66,000 p.a. and processes approximately five inquiries to sourcing a home. The property type and areas were not a collected in this study. Research also confirmed that 68.4% of tenants were employed, while 21.9% were in-between jobs. In...
How to remove negative energy from your home. Home Sweet Home - is an expression of one's pleasure or relief at being in or returning to one's own home. A place where you feel calm, relaxed and safe. In the world we live in, life’s pace has increased. Featuring longer work hours, family commitments, travel needs etc. Unfortunately, it causes many to become anxious and stress. They bring that emotional...
A Section 32 and Vendors Statement are actually the same thing. It was formerly known as a Section 32 but changed to a Vendors Statement in 2014. We will discuss this further and refer it to it’s newly updated name ‘Vendor’s Statement’. The Vendors Statement outlines the information a property seller must provide prospective buyers, such as the name of the relevant planning scheme and details of...