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...
Rental Market Snapshot: According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metropolitan Melbourne stands at approx. 2.2% 30 June 2024. This has remained steady for the first six months of 2024 where it was at 2.3% ending 31 December 2023. The proportion of vacant properties in regional Victoria stands at approx. 2.1% as at 30 June 2024. This has...
The relationship between rent and inflation is typically intertwined, as changes in inflation can influence rental prices, and rental prices can also contribute to inflation. Here’s how they are connected: Inflation Impact on Rent: Cost Push Inflation: When overall prices rise due to factors like increased production costs (e.g., raw materials, wages), landlords may raise rents to cover higher...
What does a property median price mean? The property median price refers to the middle value of a list of property prices arranged in ascending or descending order. It is a statistical measure used to represent the typical or average price of properties within a specific area or market segment. Property median prices, here’s what it signifies: Central Tendency: The median price represents the...
Why should you invest in Victoria? Macro factors that drive fluctuations in the economy also influence the property market. While property markets are cyclical, quality residential properties in good locations held for the medium to long term, have historically performed and remain one of the most robust and popular investment options. Experienced investors understand that downturns are often...