Keeping your home safe and secure when on holidays. We all deserve a holiday, but who doesn't feel a little anxious about leaving their home unoccupied. The last thing you want is to return from a family holiday to soon discover your home has been burgled. Here are some ways to keep your home safe and secure Organise a house sitter Having a house sitter occupy your home while you are away is a...
Benefits of buying off the plan. It can be a rewarding experience buying a brand-new property. When buying off the plan, you have a number of unique benefits that make this form of buying real estate very exciting. With any form of property purchase there are always various advantages and disadvantages to consider. In this market insight we will focus on the key benefits of buying off the plan. The most...
What sort of construction happens before land titles? When buying a house and land package, the build obviously can't commence until the land settles in your name. There is quite a bit of construction relating to the land component and in this market insight we share some of the process to help you appreciate why it takes time for a land allotment to title. Here is a snapshot: Construction of...
How to select the right townhouse. Due to the continuous increase in land prices in Australia, the prices of independent homes are rising, so many home buyers and investors are now targeting townhouses with higher cost-effectiveness. So how to choose an excellent townhouse? What kind of townhouse is a good design? How do you maximise living comfort and ensure that the properties you invest in is...
Should I buy brand new or established property? There is no right or wrong answer but they do offer distinct differences. In this market insight we share some of the advantages and disadvantages to help you assess what's right for you. If you are buying to occupy or invest, its important you understand your circumstances and what you are actually buying in advance. Buying off the plan: Buying off the...
The new HomeBuyer Fund was announced by the Victorian Government on the 8th October 2021. Premier Dan Andrews revealed a $500 million scheme that’s expected to support more than 3,000 Victorians becoming home owners. This welcoming news is to improve housing affordability and to attempt further stability. Premier Dan Andrew also mentioned, “The pandemic has heightened financial pressures for...
What is stamp duty? Here is a guide to understanding stamp duty in Victoria when purchasing a direct residential property. Before purchasing a property, it's wise to assess the stamp duty implications to ensure you can afford the total cost of buying a home. What is stamp duty? In Victoria is also known by the term 'land transfer duty'. It is essentially incurred when a buyer purchases a...
The ongoing costs of keeping a property. When buying a property, there are always necessary holdings costs. Most are aware that a loan is usually part of the purchase, so paying a mortgage is a common ongoing cost. This is very true, but in this market insight we want to share with you the type of other outgoing costs are associated to owning a property. If the property is for investment purposes...
Australian population update. Over the last few years, or even decades, the Australian population has witnessed some strong population growth. However in the wake of the global pandemic, growth numbers have fallen. With the international border restrictions that took place from March 2020, Australia’s population has increased by 35,700. The net overseas migration was 95,300 over the year to March....
Buying a small block of land in Melbourne has become widely popular over the last 5 years. Given the fact Melbourne property prices have continued to increase, its created an affordability problem for many. At Crest Property Investments we have seen a large take-up of buyers wanting to build a new house on a small block of land. This has allowed many new buyers to enter the market without heavily...