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...
What can cause construction delays? Buying a property off the plan is an exciting opportunity that has suited many types of buyers for decades. You can purchase apartments, townhouses and house & land packages to name a few. When buying off the plan you’ll be given guidance around the construction timeframe and estimated completion date. Many buyers use that time to save additional money to...
When buying a property considering the importance of it's location has never been so important. Buying in a good location, you’ll have the flexibility in the future to modify or renovate the property. However buying a property in an inferior location can’t obviously be easily picked up and moved to a better area. That’s why you should consider the location carefully. Here are some of the most...
Selling an off the plan property before settlement is also known as a nomination sale. At Crest Property Investments we help buyers sell their off the plan property before settlement. In this market insight we talk more about a nomination sale. If you are in a situation where you need some assistance, please don't hesitate to contact us. This video link to our Youtube channel also explains things in an...
Thinking of buying off the plan? Purchasing a brand new property can be very rewarding. Walking into a home smelling the freshly painted walls or admiring the stone surface of your new kitchen island bench are just a couple of things that make buying off the plan an amazing decision. There are many reasons why buying off the plan is a great way to purchase a property, however in the market insight...
Apartment living in Australia, most notably in Melbourne and Sydney have become widely popular for many reasons. In recent years, the inclusion of internal amenities have increased the appeal. They also provide low maintenance living, many located in blue chip suburbs and they can be more affordable than buying a house. Given the popularity of Apartment living, you’ll be surprised what a modern...
To our beloved pet owners, everyone would agree that our pet is part of the family. Many Australians are now living in apartments located closer to the city. Keeping a happy pet in an apartment is important too. Here we offer some tips to keeping a happy pet. Apartment living There has been a growing trend in Australia, most notably in Melbourne. Apartment living has become popular...
Modern lifestyle has changed over the last two decades. Many younger adults are enjoying the lifestyle of inner city Melbourne. As their lives remain active, they are often choosing to occupy apartments. One of the most eye catching attractions is the ground courtyard. We are mow also seeing mature aged couples looking to downsize to an apartment. Mature aged people find apartments to be great as they...
Buying an investment property is a popular asset to own. Both new and experienced investors often have similar reasons why they wish to purchase an investment property. There are many advantages and disadvantages. Here were discuss and summarise them. Advantages of purchasing an investment property: The property market is generally more stable than other investment markets such as the share...