Why would I add someone to the title? Adding someone to the title of an asset, such as a house, car, or bank account, can have several implications, depending on your intentions and legal considerations. Here are some reasons why someone might add another person to the title: 1. Joint Ownership Shared Ownership: If you want to share ownership of an asset, such as a house, with another person,...
What makes a near perfect walking score? A near perfect walking score indicates that an area is highly walkable, making it very convenient for residents to complete most errands and activities on foot. What is a walking score? The walking score is a number between 0 and 100 (100 representing a perfect score). Melbourne is the only location in Victoria ranked with a perfect 100, making it number 1...
The most popular property title in Australia is the Torrens Title. Here’s why it stands out: Simplicity and Clarity: The Torrens system simplifies property transactions by providing a single, definitive title document that clearly identifies the owner. This reduces the complexity and potential disputes associated with proving ownership. Government Guarantee: The state guarantees the title under...
What does a property median price mean? The property median price refers to the middle value of a list of property prices arranged in ascending or descending order. It is a statistical measure used to represent the typical or average price of properties within a specific area or market segment. Property median prices, here’s what it signifies: Central Tendency: The median price represents the...
Does an experienced property investor need advice? Even experienced property investors can benefit from seeking advice for several reasons. Here are some points to consider Market Dynamics: Markets are dynamic and can change rapidly. An experienced investor may be well-versed in historical trends but might not be aware of emerging shifts or new regulations. Seeking advice helps in staying updated on...
Tips when buying vacant land. Here we discuss what to consider when purchasing a block to build on. Buying land is a very exciting time, regardless if its to build a home to occupy or invest, let's explore the topic of buying vacant land. Understanding the legal obligation When buying vacant land you should have the contract reviewed by a solicitor to ensure the content is...
Building on a sloping block. Sourcing the perfect block of land to build your brand new home can be challenging. Will the frontage allow for the home you want? Is the property long enough to have an alfresco and/or backyard? Is the block in the right location and within budget? These are just some of the many considerations to figure out. What should you do if the block of your dreams is on a slope? In...
Steps to purchasing property in an SMSF. Having the opportunity to use your superannuation to purchase a property is a super exciting prospect. This strategy has become widely popular over the last decade. At Crest Property Investments, we have helped many investors purchase the right property to suit their circumstances and the investment strategy. The founder of Crest Property Investments, Tristan...
Common types of property ownership. When buying a property, there are a number of different ways you can own it. Depending on your circumstances and/or objectives, each ownership type provides its own advantages and disadvantages. In this market insight, we highlight some of the most common types of property ownership. There are various factors to consider when assessing the best suits property ownership,...
How to understand the value of your property. There are many ways to determine the value of your property, but in this market insight we highlight three large factors that generally outweigh all other considerations. Understanding the value of your property will make it easier to understand how you can add value to your investment property in the future. There are three main ways to value of your...