Pre settlement inspection. When buying a property off the plan, you have a contractual right to take a look at what you've purchased before you exchange the purchase at settlement. What is a pre settlement inspection? The pre-settlement inspection is your opportunity to take a look at the newly completed property before you own it and accept they keys. It is your legal right as a purchaser to check the...
Unexpected costs when buying your first home. Once you've found a property you can afford, it can be easy to miss many other costs associated to buying or holding a property. In this market insight we share some cost to look out for before committing to your purchase. Council and water rates Once you own the property, you'll need to pay council and water rates. Generally payable on a...
Will working from home change floor plans? The global pandemic (AKA covid-19) has caused inevitable change in the way we socialise, relax and work. It has no doubt changed our lives forever and we either learn from it or we get stuck in the now. In this market insight, we discuss how working from home may become the norm for many years or even decades to come. The days of a corporate office may never be...
What is a buyers advocate? At Crest Property Investments, we specialise in sourcing brand new or off the plan properties for buyers. Our niche service as a buyers advocate is quite different to a traditional real estate agent. You'll find a real estate agent often services and works for the vendor with the intent of selling their property. While a buyers advocate services and works for the buyer. What...
W. Not one property fits all, but there is a trend where we see downsizers asking us to source an apartment. Once their children grow up and become independent and move out, parents are often left with a home that is either to big or requires to much maintenance. There are many reasons why they make this change in their lives. In this market insight, we highlight some of them. Purchasing...
Return of private inspections. In accordance with the Victorian Government's announcement, we're excited to confirm the return of private inspections. We can now offer buyers the opportunity to walk through display homes via private appointments. This took effect as of 11.59pm Friday 17th September. As we specialise in sourcing brand new and off the plan properties for buyers, we have hundreds...
Tips for creating a study nook in an apartment. The popularity to live in an apartment has continued over the last decade. Many people have chosen to occupy an apartment for its low maintenance, security and the fact they are generally very well located. In the wake of the global pandemic, many have adapted to living and working from home. We anticipate this trend to continue for the foreseeable future....
If you own a property that features an owner’s corporation, you’ll soon learn that it holds an annual general meeting (AGM). An owners corporation will discuss many matters from maintaining surplus cash to covering costs such as building insurance premiums, garden, and waste management to name a few. They are required when a property features common property areas such as driveways or a car...
Apartment supply shortage. There is a significant fall in the number of new apartments within the process of pre-sales or under construction stages. The apartment supply shortage is very evident and will continue further in 2021-2022. At present the demand is highly outweighing the apartment supply. The demand has been fuelled by the fact interest rates are at historic lows and there are a variety of...
A proxy in an owners corporation. When owning an apartment or townhouse, you may have experienced what an owners corporation does and why it’s needed. In this market insight we would like to help you understand what a proxy is and when/why they may be needed. An owners corporation is required to operate an annual general meeting (AGM) where property owners take the opportunity to discuss and vote on...