Once you have nominated your house design, floor plans, builder and received your building permit, it’s time to watch your home start building. This is a very exciting time, but it can be a nervous one if you are not aware of the build process. In this article we take the opportunity to highlight the different construction stages to minimise your nerves and help you enjoy this special...
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...
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...
When buying a place to live we are spoiled with choice. Do you buy a cheaper old home that needs fixing or do you pay top dollar for a newly renovated home? Building a brand new home is a particularly popular choice. This is very evident with first home buyers and owner occupiers looking to live in a home for a long period of time. Here is a list of reasons to build your own home: Longevity -...
It is a fine accomplishment to buy yourself a property. Regardless of the property type or the location, congratulations on an amazing achievement. As the population increases, property becomes more scarce and in demand. In recent decades, Melbourne property has increased substantially making it very difficult for many people to achieve that dream. Saving for a property deposit is one of the hardest...
Renting vs owning a property has some significantly differences, particularity long term. To put it in a nutshell here are some key differences between renting vs owning a property: Owning a Property: You are accumulating your own wealth. You have the ability to customise the property to suit your own needs. Most investors borrow to invest in property. The monthly loan payments are likely...
Inheriting a property isn't always an easy process. Most Australians are unsure of the actual implications of inheriting a property. There are a number of tax issues to consider when inheriting a property. The large contributor to cause implications is capital gains tax (CGT). Assessing your tax obligations is dependent on how the property was used prior to the decease passing away and what it will be...
Many successful property investors monitor their portfolio annually. They take note of their income & growth returns and look at what equity is available to expand their existing portfolio. Many first time property investors become complacent to owning one as they have limited resources to professionals who can help them. In this market insight, we take the opportunity to explain what equity means...
APRA changes make borrowing easier. Post the federal election, the mood in the property market looks active and very promising. There are many good indicators that indicate we are entering a new property cycle. A move that’s going to make it easier for everyday Australians to qualify for a loan. One of those indicators is the recent announcement from Australian Prudential Regulation Authority (APRA)....
When it comes to property buying, there are many types and forms of real estate available. One popular type of property is the house and land package. So what is a house and land package and why is it so popular? There are two types of house and land packages You buy your vacant land and later build your home with a construction loan. Buy the house completed on the developer’s land. The second...