A proxy in an owners corporation. When owning an apartment or townhouse, you may have experienced what an owners corporation does and why it’s needed. In this market insight we would like to help you understand what a proxy is and when/why they may be needed. An owners corporation is required to operate an annual general meeting (AGM) where property owners take the opportunity to discuss and vote on...
As buyers advocates looking to source new and off the plan properties for buyers we have always appreciated the services of a finance broker. A finance broker is a person who helps a buyer purchase a home loan to own/settle a property. Most buyers use borrowed funds to buy a property. Many rely heavily on the outcome of a loan approval. This is very much the reason why a finance broker can be an...
Top things to do in North Melbourne North Melbourne is an inner city suburb neighbouring the Melbourne CBD. One of the oldest suburbs in metropolitan Melbourne you have everything walking distance away. You have trams, trains and buses at your door step, so you have no excuse staying at home. North Melbourne residents, you have so much to do, both day and night. Here is a list of things to do, but in...
Rental Market Snapshot: As Melbourne continues to move forward from a tough global pandemic in 2020, the rental vacancy market still remains above normal levels. Taking a look at both metropolitan Melbourne, property sales continues an upward trend, however, vacancies continue to worsen. When we next share these statistics in March 2021, we anticipate vacancy rates to start to moderate and start to...
As you become a property investor you will soon discover that from time to time, you’ll need to find ways to refresh your investment property. Even the smallest of changes can make a significant difference to your property. Buying an investment property to hold long term can be very rewarding but it will need some attention to enhance its potential to generate above the average rent. In...
How to avoid home buyer’s remorse. No doubt everyone has experienced it in one way or another. Even the more experienced property investors feel it on some purchases. It can even come to you when buying a car, a new tennis racquet, a dress or paying for some accommodation. There are different levels of buyer’s remorse. Purchasing a $300 tennis racquet would be seen as a lower scaled level...
Melbourne remains a popular place to call home. Toorak continues to rank the most expensive suburb with a median house price of $4,455,000. Canterbury and Middle Park come in over $1,200,000 to take second and third spot. Rounding the top 5, you have Brighton and East Melbourne forth and fifth respectively. The majority of suburbs are within a 20km radius of the Melbourne CBD representing the bulk of...
We took a quick opportunity to interview Ryan Wu, a property consultant at Crest Property Investments to learn more about his year and how he enjoys being part of the team. Here were a few questions we asked: What influenced you to work at Crest Property Investments? I have spent half my life now in Australia and now call it home. Coming from China, I was eager to commence a professional career. I was...
The Melbourne property market has experienced some of the most extraordinary circumstances with the wake of covid-19. For the most part, the market has remained steady. Much of this has been with the help of some government incentives and banking support. Here is some interesting property data outlining median house and unit prices. Top Growth Suburbs by Median House Price Note - only quarterly median...
Top things to do in Caulfield Caulfield is a multicultural suburb known for its affluence and sophistication. Not only is it connected with the Monash community, it’s surrounded by many highly liked suburbs on the bayside. Here is a list of things to do, but in no particular order: Caulfield Racecourse One of the most prestigious horse races in Australia. Many people flock in for the entertainment,...