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...
Filling awkward spaces in your home can be a fun design challenge. Whether it's an empty corner, a narrow hallway, or a space under the stairs, there are many creative solutions to make these areas functional and aesthetically pleasing. Here are some ideas: 1. Create a Reading Nook Small Corners: Add a comfortable chair, a small side table, and a floor lamp to create a cozy reading nook. You can...
Understanding the impact of interest rate rises is crucial for property buyers or anyone with a mortgage. Here's what rising interest rates mean for you: 1. Higher Monthly Mortgage Payments How It Affects You: When interest rates rise, your lender will typically increase the interest charged on your loan, leading to higher monthly payments. If you have a variable-rate mortgage, your payments will...
Top things to do in Glen Waverley Glen Waverley is an highly populated suburb widely boosted by its schools, massive shopping centre and international restaurants. Here is a list of things to do, but in no particular order: Century City Walk Shopping Mall Century City Walk is a fantastic entertainment destination, catering to locals and visitors. The centre features a Village Cinemas, Strike...
The most popular property title in Australia is the Torrens Title. Here’s why it stands out: Simplicity and Clarity: The Torrens system simplifies property transactions by providing a single, definitive title document that clearly identifies the owner. This reduces the complexity and potential disputes associated with proving ownership. Government Guarantee: The state guarantees the title under...
The modern butler pantry. Who doesn’t love a walk-in cupboard! A traditional home feature that is always in hot demand. This is happening in both brand-new properties, remodels or renovations. Traditionally, a butler’s pantry was a narrow room adjacent to the main kitchen used to store delicate prestigious kitchenware that was often locked up. The name ‘butler pantry’ was initially derived...
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...
Choosing the right white paint for your home can be a surprisingly complex decision, as there are many shades of white to consider. Here are some tips to help you make the best choice: 1. Consider the Room's Lighting: Natural Light: Rooms with lots of natural light can handle cooler whites (with blue or gray undertones) as they won't feel too cold. Warm whites...
The popularity of house and land packages. A house and land package is a real estate offering where you buy both a piece of land and a new home that is either already built or will be constructed on that land. This type of package is often marketed by builders or developers and offers several advantages: Convenience: It simplifies the home-buying process by bundling the purchase of land and the...
Top growth suburbs over the last three month period ending 30 June 2024. The Melbourne property market has seen some moderate gains throughout 2024, but it has been inconsistent. In comparison to other states of Australia, it hasn't outperformed. However there have been some standouts in the last quarter, many areas within the metropolitan Melbourne location achieving double digit returns in both...