When buying an investment property, many landlords are conscious not to over budget. Knowing property maintenance in inevitable, many often disregard outlaying the extra cost of installing an air conditioner. Looking back upon Melbourne's summer, it's the perfect time to reflect on how extreme the heat can be. We had quite a hot spell earlier this year with nights holding onto some serious...
The Federal Budget 2019-20 was released at 7.30pm AEDT last night dated 3rd April 2019, featuring the first surplus in 12 years. Delivered by Josh Frydenberg, the pre-election Budget detailed the Federal Government's policy plans for the year ahead and not much was said about the Australian property market. The Treasurer appears to realise housing affordability is still a major problem for...
External cladding materials are a cost-effective and appealing way to provide another protective layer to your home. The primary purpose of installing cladding on your home is to: Protect it from the weather Add greater insulative properties to your home Improve the aesthetic appeal Improve sound and thermal insulation Cladding was a relatively unknown subject to many outside the...
As Crest Property Investments we have grown to love and understand Fengshui. We have client’s using this ancient perception to make good investment property decisions. It's not used for everybody when investing in property, but here we take a moment to share some information on this ancient philosophy. Note this doesn't even scratch the surface of what we see as a...
At Crest Property Investments we have met some fabulous people. One thing is for sure, we all live in some form of property and we therefore have an emotional attachment to real estate. Overtime we develop our own goals and objectives in search for the perfect property. If it’s to live and occupy or to invest and rent out we all have a point of view. Based on our experiences at Crest Property...
According to the Australian Bureau of Statistics (ABS 3131.0 Dec 2018), the three major states of Australia being Sydney, Melbourne and Brisbane are witnessing over 300,000 new residents from overseas each year. This increasing population means that we need more property to house people. In view of the current economical commentary, there has been negative sentiment towards the property market. Some...
It doesn’t matter where you buy your investment property or what type it is. Unfortunately bugs and other pests look to make it their home too. When bugs and other pests find their way into your investment property, they can quickly cause havoc. The landlord and tenant can often enter into conflicting conversations. Who is responsible to rectify the problem? At whose expense? Who is responsible for...
How to understand median property prices. When buying property, we all carefully complete our due diligence. We all want to make the right decision and we do the best we can to review the property market. One indicator that can mislead your decision making is observing the change in median property prices. Median property prices are one of the most viewed statistics in the property market. It is very...
New legislation introduced from 1st July 2017 has property investors no longer claiming rental property travel expenses. This includes for the purposes of: collecting rent from tenants conducting property inspections preparing the property for new tenants rectifying repairs caused by damage or general wearage maintenance services including cleaning or landscaping These legislative...
Buying a property can be the most rewarding experience of a lifetime. Buying an establish property or an off the plan property are two popular ways to get into the real estate market. However the process of buying established or off the plan can be quite different. Buying off the plan means that you are buying a property that has not yet been built or it’s still under construction. Ultimately you...