From 1st July 2022, many home lenders will offer the federal government's low-deposit housing scheme assistance program. From 1 July, 40,000 new places under the Federal Government’s Home Guarantee Scheme (HGS) will become available to help Australians to buy their own home. To be eligible for the HGS you need to qualify with the below: Your household income must be less than $125,000 for...
The benefits of a rear loaded home. There are many house designs created to cater many different forms of land sizes. Pricing affordability has also introduced a number of different house and land packages to meet buyer's budgets. Rear loaded homes are one of these great solutions that are being warmly received by buyers. What is a rear loaded home? A rear loaded home is when a garage is situated at...
What is a planning permit? In this market insight we discuss the planning permit process and why its an important aspect to any new build. There are many planning permits that apply to both residential, commercial and various home imprisonments or renovations. In this market insight we will discuss the aspect of managing a brand-new home on a vacant block of land. Prior to commencing a home build, you'll...
Single storey vs double storey homes. This is a question asked by a number of our clients. When buying a house and land package, there are a large variety of choices to select from, both internally and externally. If the buying intention is to purchase a home to occupy or to invest, no one person settles on the same type of home. In this market insight, we discuss the difference between a single storey...
Picking the best apartment in a development. Apartment living is a popular way for many Australians to occupy blue chip suburbs or inner city locations without paying the price of a stand alone house. When looking to purchasing an apartment in a development, you'll soon discover that not all apartments are created equal. Some are shaped differently, others may be larger, some feature a courtyard...
Site preparation sets the foundation of the build. A good build must start with the right site preparation. In this market insight, we share the steps of what's required to transform a vacant block of land into a site ready to commence construction. Step 1 – Initial site analysis Prior to breaking ground and commencing the build, an initial site analysis is completed. An assessment is undertaken...
The value a garage adds to a property. There is evidence that there is always a growing trend for a car space, this is in high demand when located inside close proximity to the city. Many modern home designs feature a garage as part of artistically presenting a beautiful front facade. With Melbourne's culture, Melbournians still choose to drive to work over using public transport, the value of a garage...
Pre settlement inspection. When buying a property off the plan, you have a contractual right to take a look at what you've purchased before you exchange the purchase at settlement. What is a pre settlement inspection? The pre-settlement inspection is your opportunity to take a look at the newly completed property before you own it and accept they keys. It is your legal right as a purchaser to check the...
Should you buy old or new properties? The opinion may differ among buyers, investors and other property enthusiasts. At Crest Property Investments, its a question we've been asked many times. In this market insight we highlight some of the general key differences between the two opportunities. Buying new properties: Buying new will offer greater longevity Investors receive great...
How to rate a good suburb. Metropolitan Melbourne is blessed with some incredibly designed suburbs. Whether you’re buying a new home to live in or looking to invest, there are many contributors and factors that narrow a good suburb down to suit your particular needs. Owner occupiers may factor more contributors to a suburb that features lifestyle, while investors may be looking for suburbs that are...