Buying a property of any kind is a fine achievement in itself. You can purchase a property in a number of ownership types, including individuals, companies, and trusts. In this market insight, we explore the difference between joint ownership and tenants in common. The most common way to buy a property is with two people. These two people are often spouses. Having two people collectively can make it...
When buying a property, it's important to look at a number of items. One of those is understanding an easement on a property. Many people find it difficult to understand easements and the many legal problems that surround them. It is a complex area with some difficult terms and conditions. Here is some basic information to help. What is an easement? An easement is a section of land registered on your...
Direct property and direct shares are among the most popular investments to own. They both provide an investment return, but lets explore the advantages, disadvantages and what the main differences are between the two investment assets. Direct property For the purposes of this article we will discuss the advantages and disadvantages of residential property. A residential property includes houses, units,...
Sometimes a lender will provide a cash substitute to the seller on the buyer's behalf, with the intention that the buyer will later pay the deposit for the property at settlement. This is known as a deposit bond. Why use a deposit bond? This can be advantageous for a buyer as it provides additional time to organise their finances before settlement. A Deposit Bond is generally a prompt way of arranging...
Many of us fall into the category of buying a new property before your existing home has been sold. A bridging loan bridges the gap between securing a mortgage for a new property before an existing property is sold. It's very exciting when upgrading your home, but if it's subject to selling your current property, it can be an anxious and stressful wait. Aligning these two timelines to match can be...
It’s an exciting time buying a property. We have been lucky to witness many types of buyers succeed with property. However many have differing views and objectives. Regardless if you are a first home buyer, investor or owner occupier, there are some important questions you need to ask yourself before buying a property. Before buying, here are three questions that suit all buyers. 1 - How much money do I...
An expression of interest is the first step in the buying process for real estate. As buyers advocates, this initial stage is where you place an official holding reservation on a property. The expression of interest sets out the proposed details including the terms & conditions of the offer, purchase price and time frames to act. It is a non-binding offer and does not in itself constitute a...
Dual-income investment is an interesting property investment strategy that has been very well received in all parts of Australia. Earning two incomes from the one property is a very appealing investment plan. In this article, we take the opportunity to share some information about the advantages and disadvantages that the strategy offers. A dual-income investment is effectively a property that provides...
Investing in property is very rewarding. It's ability to provide you with tax benefits is quite an appealing incentive to many. A successful property investor will focus on maximising their returns by aiming to increase their income through rent, review the potential capital growth, but also taking advantage of capitalising on the tax incentives provided in property investing. As the financial year has...
With property prices exceeding the average wage increase in Melbourne, many people are struggling to buy their own home. While the great Australian dream of owning a home is still very real for many, people are taking different home-buying pathways to get their foot into the property market. One purchasing type that has been a growing trend is 'rentvesting'. What is rentvesting and what are the...