The Australian Federal Parliament has passed the "Help to Buy" legislation, introducing a shared equity scheme aimed at assisting low to middle-income earners in purchasing homes. Key Features of the Help to Buy Scheme: Government Equity Contribution: The government will provide an equity contribution of up to 40% for new homes and up to 30% for existing homes.Eligibility Criteria: Income...
Victoria's temporary off the plan stamp duty concession offer. The Victorian Government has introduced a temporary stamp duty concession for off-the-plan property purchases, effective from October 21, 2024, until October 20, 2025. This measure aims to encourage investment in apartments, townhouses, and units under strata subdivisions, excluding house-and-land packages and completed but unsold...
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...
Five ways to add instant curb appeal. Coming home from a busy day at work, its so welcoming to see your beautiful front facade. There are a number of ways to do this, but it doesn't always have to be dramatic. In this market insight we provide five (5) effective ways to gain instant curb appeal. 1. Metal windows frames look slick Wooden window frames can suit a certain amount of facades,...
Benefits of building a new home. Building a new home offers several advantages compared to buying an existing property. Here are some benefits of building a new home: 1. Customization: Design: You can design the layout and appearance of your home according to your preferences and needs. Features: Choose the specific features and amenities you want, such as energy-efficient appliances, smart...
Comparing positive and negative gearing. Positive gearing and negative gearing are two different investment strategies used in real estate, particularly in property investment. They refer to the financial outcomes of an investment property in terms of cash flow. Here's a comparison of positive and negative gearing: Positive Gearing: 1. Definition: Positive gearing occurs when the rental income from...
A property caveat is a legal notice or warning that is lodged with the relevant government authority to inform interested parties, particularly potential buyers and creditors, that there is a legal interest or claim on a specific property. It is a common legal mechanism used in real estate transactions to protect the interests of individuals or organizations who have a stake in a property, even if they...
Advantages of buying in a new land estate. It is super exciting buying your new home, no matter if it's to occupy with your family or rent out. In this market insight, we help share some of the great advantages of buying in a new land estate. 1. Control and flexibility When buying a house and land package you have some control and flexibility to design a floor plan that is modern and functional. Having...
Why invest in NDIS property? The National Disability Insurance Scheme (NDIS) is an incredible initiative for many Australians and an great investment opportunity for those looking to invest into a high yielding property investment. In this market insight we provide a summary of the reasons and benefits why you should invest in NDIS property. What are the benefits to invest in NDIS property? Many...
What to look for when buying a house and land package. Buying a standalone home on a nice block of land can be a great investment. Purchasing a full turn-key is among the most ideal ways to buy as its a fully inclusive purchase that is generally offered on a fixed priced contract. In this market insight we highlight five common items to consider in advance before you begin. What is a house and land...