If you own a property that features an owner’s corporation, you’ll soon learn that it holds an annual general meeting (AGM). An owners corporation will discuss many matters from maintaining surplus cash to covering costs such as building insurance premiums, garden, and waste management to name a few. They are required when a property features common property areas such as driveways or a car...
Melbourne's property market prices continues to go up. According to the latest research conducted by CoreLogic. Melbourne property values have regain their property values it previously experienced in 2020 in the wake of the global pandemic (covid-19). After experiencing a decline of approximately -6.1%, property values in Melbourne have since increased by 6.7%, now sitting at 0.2% above it's recent...
Melbournians love pets, especially dogs. Since the wake of the global pandemic in 2020, many Australians bought or adopted a pet. They quickly become a member of the family. Here are 10 off-leash places in Melbourne for our beloved companions to run free and meet other furry friends. Altona Dog Beach and Burns Reserve Park (Altona) Both located in the west side of Melbourne, the Altona Dog Beach and Burns...
If you take a look at the recent property prices ending December 2020, you'll see Toorak has extended its lead as the most expensive suburb in Melbourne. Melbourne's Million Dollar Suburbs - December 2020 shows Toorak ranked the most expensive suburb with a median house price of $4,455,000. Canterbury and Middle Park come in $1,200,000 less to take second and third spot. Rounding the top 5, you...
With reference to the latest research report from the Australian Bureau of Statistics (ABS), Melbourne has recorded the highest population growth over 2019. Brisbane recorded the second highest growth rate over the same period. Melbourne's population soars The Regional population statistics published by the ABS showed a 2.3% population increase compared to the national average rate of 1.8%....
It’s that time of year again... Tax time for property investors. As the end of the financial year fast approaches, this is the ideal time to discuss some tax planning strategies with your accountant. Owning an investment property is a rewarding experience, but it doesn't just come in the way of capital growth and rent. There are many tax entitlements that you should be aware of. Planning ahead will boost...
Top things to do in Carlton Carlton has the youngest median age in Melbourne. This inner city suburb located less than 2 kms from the Melbourne CBD has an average age of 24 years. (according to Census 2016). Carlton is home to many Apartments and student accommodations, which attracts many graduates and young professionals. Here is a list of things to do, but in no particular order: Carlton Gardens The...
There are some new changes to the Residential Tenancies Act scheduled to take effect on the 29th of March 2021. In the market insight we offer you some important amendments that may impact you and your investment property. Before making an informed decision, we encourage you to discuss your personal circumstances with your property manager in advance. Here is a summary of the new changes to take...
The Job Seeker has been a lifeline for many Australians dealing with the financial impact of the global pandemic. The JobSeeker has been a great initiative from the Australian government to support families in need. Unfortunately the JobSeeker will cease at the end of March 2021. The question remains, will no JobSeeker change the property market? Will it cause prices to drop and will rents...
If you plan to be a successful property investor, you'll need to quickly create a mindset that investing in property is not a hobby. Establishing a property portfolio should be treated similar to a business. If you are new to investing this market insight will highlight the important aspects to investing better. Owning an investment property can be very rewarding by offering a passive income through rent,...