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,...
The year 2020 has flown by fast, but we found some time to interview Tristan Markulija, the founder and principal property adviser at Crest Property Investments. Here were a few questions we asked: What influenced you to create Crest Property Investments? I spent nearly 15 years working in the financial planning industry. I have always found it satisfying to help people better their financial...
When buying a property considering the importance of it's location has never been so important. Buying in a good location, you’ll have the flexibility in the future to modify or renovate the property. However buying a property in an inferior location can’t obviously be easily picked up and moved to a better area. That’s why you should consider the location carefully. Here are some of the most...
Hello Melbourne! Checkout the Christmas lights this year. It is that time of year again. The festive season is upon us... We would like to thank all of our business partners and clients for another active year. The year 2020 has thrown some challenges, but its a perfect time to get your families in the car and enjoy the true spirit of Christmas. We often take our team out for the evening to enjoy the...
Stamp duty concession for investors. The Victorian Government through the State Revenue Office has announced a land transfer (stamp) duty waiver for purchases of Victorian residential property with a dutiable value of up to $1 million. Please take some time to view the link State Revenue Office. Stamp duty concessions - here is a snapshot: For new residential properties, a 50% land transfer duty...