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...
Property land tax is imposed by government to generate money for a public purpose. Essentially, it's a tax charged on any land you own or co-own above a certain value threshold. In Melbourne, did you know the State Revenue Office of Victoria (SRO) orders over 300,000 property land tax assessments each year? Calculating property land tax can be a complex assessment. In our experiences, even...
When buying an investment property, many landlords are conscious not to over budget. Knowing property maintenance in inevitable, many often disregard outlaying the extra cost of installing an air conditioner. Looking back upon Melbourne's summer, it's the perfect time to reflect on how extreme the heat can be. We had quite a hot spell earlier this year with nights holding onto some serious...
As Crest Property Investments we have grown to love and understand Fengshui. We have client’s using this ancient perception to make good investment property decisions. It's not used for everybody when investing in property, but here we take a moment to share some information on this ancient philosophy. Note this doesn't even scratch the surface of what we see as a...
How to understand median property prices. When buying property, we all carefully complete our due diligence. We all want to make the right decision and we do the best we can to review the property market. One indicator that can mislead your decision making is observing the change in median property prices. Median property prices are one of the most viewed statistics in the property market. It is very...
Buying a property can be the most rewarding experience of a lifetime. Buying an establish property or an off the plan property are two popular ways to get into the real estate market. However the process of buying established or off the plan can be quite different. Buying off the plan means that you are buying a property that has not yet been built or it’s still under construction. Ultimately you...
Buying property can be fun and exciting. If you have a plan or guide. Here is a manual guide outlining seven important to the buying process of purchasing off the plan: Step 1: Budget, Research and Plan. Talk to us. Its crucial to budget, research, and plan before purchasing any property in Australia. You may have decided on a location or a property, but it’s always helpful to speak to one of our...
Buying off the plan allows you to purchase a new property before it exists, providing you with the ability of only paying a 10% deposit and nothing else until the property is built and ready to settle. One of the notable benefits of buying off the plan is “buying more time”. During the construction phase you can continue saving additional money that could be used to contribute a larger property...
Taking on your first investment property can feel overwhelming and confusing. Speaking to an expert will simplify the process and ensure you take advantage of investing appropriately. Here’s a few reasons why investing at a young age is a great idea Long term investing will compound in value The greatest advantage that young property investors have is time. You have a long-time frame to buy/hold and...
We work hard to earn our income and we are all very careful how we spend it. Many successful investors spend a little and save a little. In modern times, we are spoiled for choice when it comes to investing. Why does property investment remain the most popular? Is property the best investment? Let’s explore the basis why property investment is widely the most popular in Australia. Millionaires love...