The First Home Owner Grant is also known as FHOG. It is a Government scheme that provides a one off payment to a first home buyer who purchases or builds their first home. The payment provided by the government and the eligibility rules differ from state or territory where purchased. Here we summarise some basic information relating to the First Home Owner Grant in Victoria. You can receive up to...
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...
Common concerns when buying off the plan. There are many benefits with buying off the plan, however some feel nervous or suspicious about it. In this article we want to highlight some common concerns when buying off the plan. Buying off the plan means you’re purchasing a property before it is completed. Below is a summary of common concerns: What if the builder goes bankrupt, will I lose...
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...
An open floor plan has become extremely popular and with good reason. A little extra light and space space goes a long way. An open floor plan usually involve combining your kitchen, dining and living areas into one big space that suits a family lifestyle. The kitchen island bench is the only separation between the open floor plan. This makes a small house feel light and airy, giving the illusion of a...
There is good news out of Canberra with the announcement of the $680 million HomeBuilder package. The Federal Government introduced its HomeBuilder package on 4 June 2020. The HomeBuilder package The big winners are owner occupiers and first home buyers. The government is prepared to compensate owner occupiers and first home buyers if they choose to buy a new or off-the-plan property in the remainder...
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...