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...
Owning an investment property is a popular way to accumulating wealth. It is likely to be one of your most valuable assets you own. Overtime you will need pay property expenses to ensure to the property is in good shape. Landlords that keep their property in good condition will likely have a more satisfied tenant and potentially improve its capital value. Many property expenses are tax deductible,...
Bad credit. It doesn’t have a fine ring to it, but it’s an important topic to highlight. Obtaining a home loan has become more difficult as the banks alter their lending criteria. Becoming aware of having bad credit is more important than ever. Bad credit history can linger for many years, restricting you from lending the right loan or possibly any loan for that matter. So, here’s what you need to...
It's not uncommon for a family to want a holiday home. Taking your family on an active camping trip, relaxing beach getaway or staying at a ski lodge in the mountains sound pretty sweet. Many like the idea of renting a family home throughout the year and occupying it on school holidays. In theory it sounds fantastic that you can generate some income throughout the year, while enjoying the accommodation...
When investing in property, any savvy investor is looking to maximise their total returns. As your property portfolio expands, it can become time consuming. Having multiple real estate agencies managing your properties may reduce the comprehensive guidance needed to maximise the value of your property portfolio. If you have investment properties across multiple agencies, consolidating your property...
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...
All property investors want the highest rental return. There are steps you can take to make sure your property is not only leased long term, but also achieving your desired rental return. Here are some important tips on increasing rent. 1. Provide your property with some TLC (tender loving care) – If you can take some time to maintain your property and make it look more presentable, you are likely to...
Builders warranty is a topic not often discussed, but we think this is a valuable and important discussion to have. As we specialise in buying new and off-the-plan property, we want to share some usual details. As property advisers, when buying an off-the-plan property we do our due diligence on both the developer and builder. Sometimes this can be the same person. A good reputable builder who holds a...
According to research conducted by the Real Estate Institute of Victoria (REIV), homes located within some of Melbourne’s best public school zones have asking prices in excess of $100,000 more to similar properties that position outside school zones. Its becoming public knowledge to learn housing prices within school zones are higher to neighbouring properties, but the price differences may surprise...