Have you ever considered buying a property off the plan? Why would we choose to buy off the plan? Most people love the smell of a new home... The new floorboards, the silky stone benchtops, the spacious new walk-in-robe or that inspiring hot tub!! There are many amazing things to love in a new property. There are also various financial benefits. However, these can differ depending on the type of...
A roof top terrace is a growing amenity among new modern apartments. Having an amazing view of the Dandenong mountains or twilight views of the Melbourne city skyline are undoubtedly a pleasure. However is it worth it? Some roof top terraces have teppanyaki kitchen appliances or barbecues, a garden terrace and outdoor furniture. Larger apartment buildings can also include a swimming pool, cinema or...
It's time to change your mindset. Here are some success quotes from some of the world's successful people. "In the middle of difficulty lies opportunity" Albert Einstein - Theoretical physicist who developed the theory of relativity, one of the two pillars of modern physics. Price is what you pay for. Value is what you get Warren Buffet - American investor, business tycoon, and philanthropist. Known...
This is the latest Rental Market Snapshot as at June 2020. Here we highlight, metropolitan Melbourne and regional Victoria. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne has increased from 2.3% in March 2020 to 3.0% in June 2020. The proportion of vacant properties in regional Victoria decreased from 1.9% in March 2020...
Direct property and direct shares are among the most popular investments to own. They both provide an investment return, but lets explore the advantages, disadvantages and what the main differences are between the two investment assets. Direct property For the purposes of this article we will discuss the advantages and disadvantages of residential property. A residential property includes houses, units,...
Property affordability has become a real challenge for many Australians. It has opened up many other strategic ways to buy real estate. One type of property investment is a timeshare. However are they really worth buying? What is a timeshare? A timeshare is a property owned by a divided share. Timeshares are common to properties such as hotels, resort, casinos, snow lodges to name a few. The ownership...
When leasing a property most would recognise it as the biggest expense in your budget. What ways can you pay rent? If you are unable to cover your monthly rent, the landlord can issue a notice to vacate. In this article we outline what ways you can pay your rent which may best suit your circumstances. Direct Debit: The most common preferred payment for a property manager is an automatic transaction. The...
As the end of financial year fast approaches, this is the ideal time to ensure your property portfolio is up to date for tax purposes. Here we offer some tax tips for property investors. It is important to work with your accountant during this time of year so you have ample time to implement any strategies that will help your financial situation. Tax depreciation schedule - Many investors...
Tax depreciation is a valuable tax deduction for property investors. The benefits of a depreciation schedule can also be long lasting. As a result it can provide great assistance to accumulating your wealth and property portfolio over time. What is a tax depreciation schedule? A tax depreciation schedule tables you tax deduction entitlements and outlines the breakdown on an annual basis. It simplifies your...
A full turn-key house is an upgrade made available by home builders in which they take care of necessary additions to the home, like internal wall painting, flooring, and blinds. By upgrading to a full turn-key package, you can relax knowing your home truly will be a 'move-in ready' solution. Once you receive the keys you can immediate lease the property or move in and start living the dream! A full...