Modern lifestyle has changed over the last two decades. Many younger adults are enjoying the lifestyle of inner city Melbourne. As their lives remain active, they are often choosing to occupy apartments. One of the most eye catching attractions is the ground courtyard. We are mow also seeing mature aged couples looking to downsize to an apartment. Mature aged people find apartments to be great as they...
When considering building a brand new house on a vacant block of land, you’ve probably come across the term, site costs. Those that have not, here we discuss what site costs are and what they include. When obtaining a build quote, it’s important to understand all of the costs required to build your dream home or investment property. A full turn-key build has become widely popular as the price is fixed...
A building inspector can provide confidence and peace of mind when buying a property off the plan. Even the best of builders require quality control. With today’s building practices, most supervisors oversee multiple jobs at the one time. It is recommended that regular stage inspections are carried out, so you have the peace of mind that your investment has been built in accordance with the requirements...
We have all contemplated whether it is better buying or renting property. In many cases, this is an easy conclusion, but many factors can create differing views. Traditionally, owning a home was seen as a priority. A sense of independence and financial well being. In recent decades, this philosophy has changed. Housing prices and the cost of living has made owning a home more challenging than ever...
What is a master planned community? When buying a house and land package you’ll most likely hear about a master planned community. However what does it mean? In this market insight, we highlight and discuss this further. What is master planned community? A master planned community is a residential land estate designed for families to live and raise their families. They often feature a number of...
If you are unsure what a conveyancer is and what they do, here is a brief overview. What is conveyancing? When a property transaction takes place, the land ownership is transferred from one person or entity to another. Conveyancing is a legal process used to execute these transfers. Both buyers and sellers require a conveyancer or solicitor to guide them through the process. A conveyancer generally...
Buying an investment property can be challenging at the best of times. Purchasing a property you've never been to can be even more challenging. For many investors, buying interstate can be very difficult to accept. Both new and experienced investors can feel a mix of emotions. Purchasing a property you've never been to can feel like a greater risk. We all work hard to place ourselves in an investment...
What are vacancy rates? If you have ever looked at buying an investment property, you are sure to have heard this terminology before. What are vacancy rates? Vacancy rates are the percentage of how many rental properties in a location or market are currently without a tenant or vacant. The rate is calculated by using the number of vacant properties, multiplying that number by 100, and dividing that...
Buying an investment property is a popular asset to own. Both new and experienced investors often have similar reasons why they wish to purchase an investment property. There are many advantages and disadvantages. Here were discuss and summarise them. Advantages of purchasing an investment property: The property market is generally more stable than other investment markets such as the share...
Land is a precious commodity. Some feel it’s the essence of property investment. Are you familiar with the term titled land? In this article we teach you what titled land is compared to untitled. In residential property, titled land is when the allotment has been officially recorded with the Land Registry. If your block is officially titled land it’s been granted a Certificate of Title. This...