One of the great benefits of buying a property is that you can borrow large sums of money to purchase your first/next property. However, obtaining finance can be quite difficult. The best way to apply for finance is through a mortgage broker. Apply for finance with a mortgage broker A mortgage broker can assess your circumstances without bias. You may bank with the ANZ or Westpac on a daily basis....
We work hard to earn our income and we are all very careful how we spend it. Many successful investors spend a little and save a little. In modern times, we are spoiled for choice when it comes to investing. Why does property investment remain the most popular? Is property the best investment? Let’s explore the basis why property investment is widely the most popular in Australia. Millionaires love...
The Melbourne property market has had some capital growth variances in the last three months to September 2018. Mount Eliza takes the top of the table with an impressive 17.60% change from June 2018 - September 2018. The results below show that a combination of inner city and outer city suburbs have presented positive returns. *Only suburbs with at least 30 sales in the relevant quarter are...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne was recorded at 2.0%, while regional Victoria was at 1.4% in September 2018. The weekly median rent for houses in metropolitan Melbourne rose to $460 a week, while the weekly median rent for houses was recorded at $330 a week in regional...
The Real Estate Institute of Victoria (REIV) data shows for the three months ended 30 September 2018, median house price performance remained stable. According to the REIV, there was an increase of 13.6% in the value of homes sold on the private market compared to just 0.6% via auction over the last 12 months. Resulting in an overall increase of 5% in the last 12 months. REIV also highlighted that...
New Real Estate Institute of Victoria (REIV) data shows for the three months ended 30 June 2018, median house price performance in regional Victoria outstripped that in Melbourne. While median house prices in the state’s regions rose 4.0% to $419,500, they dipped by 0.6% to $840,000 in the Melbourne metro area. Melbourne was predominantly effected by the decline in auction results as private sales...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne fell slightly to 1.9%, while regional Victoria remained at 1.6% in June 2018. The weekly median rent for houses in metropolitan Melbourne rose back to $450 a week, while the weekly median rent for houses also increased to $330 a week in regional...
Investing in property is very rewarding. It's ability to provide you with tax benefits is quite an appealing incentive to many. A successful property investor will focus on maximising their returns by aiming to increase their income through rent, review the potential capital growth, but also taking advantage of capitalising on the tax incentives provided in property investing. As the financial year has...
With property prices exceeding the average wage increase in Melbourne, many people are struggling to buy their own home. While the great Australian dream of owning a home is still very real for many, people are taking different home-buying pathways to get their foot into the property market. One purchasing type that has been a growing trend is 'rentvesting'. What is rentvesting and what are the...
We have some great post graduates making their way into the world. Striving with confidence, enthusiasm and motivation, what are the most popular suburbs for these young processionals? We have summarised five very popular suburbs. The Melbourne CBD provides these young professionals with great work opportunities and an active lifestyle. Here are a list of the most popular suburbs in...