Amenities significantly impact real estate by influencing both the value and attractiveness of a property. Amenities are features or services that enhance the comfort, convenience, and enjoyment of a space or community. They can be offered in various settings, such as residential buildings, commercial properties, public spaces, hotels, and more. Here are some key ways amenities impact real...
Three ways to understand the value of your property. Understanding the value of your property involves assessing several key factors. Here are three ways to approach this: Acknowledging the Land: The value of the land itself can vary based on location, size, zoning regulations, and the potential for future development. Land in desirable areas or with unique features (e.g., waterfront, proximity to...
Growing a property portfolio using home equity is a common strategy employed by real estate investors. Home equity is the difference between the market value of your home and the outstanding mortgage balance. Here’s a step-by-step guide on how to leverage it to expand your property portfolio, but before we do, what is home equity? What is home equity? Home equity is the portion of a property's value...
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...
What is contributing to the high cost of rent in Australia. In this market insight, we share several factors that contribute to the high cost of rent in Australia. Supply and Demand Imbalance: Many major cities in Australia, such as Sydney, Melbourne, and Brisbane, face a significant imbalance between housing supply and demand. Population growth, urbanization trends, and limited land availability...
Do I focus on capital growth or rental income? When deciding between focusing on capital growth or rental income for an investment property, it really depends on your financial goals, risk tolerance, and investment strategy. Here's a breakdown to help you decide: Capital Growth Objective: Increase the property's value over time. Strategy: Typically involves buying in areas with high potential...
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...
Why should you invest in Victoria? Macro factors that drive fluctuations in the economy also influence the property market. While property markets are cyclical, quality residential properties in good locations held for the medium to long term, have historically performed and remain one of the most robust and popular investment options. Experienced investors understand that downturns are often...
Why does property investment suit so many people? There are many factors that collectively make property investment attractive to a wide range of people. From individual investors looking to build wealth over time to institutional investors seeking stable returns and portfolio diversification. Here are just some of the more common factors why property investment suit so many people: Potential...
Why you should use a buyer's agent to invest. Owning property investment is one of the most reward assets you'll ever own. In order to appreciate the rewards, it all comes down to making the right property investment. Buying a property make sometime look easy, but you really need to know hat you are doing and ensuring the asset suits your objectives, risk tolerance and time frame. At Crest Property...