How to prevent condensation this winter t's critical to maintain your investment property. It attracts good tenants, but also influences the income you earn (rent) and the capital growth over time. Certain parts of the year can require your attention. Melbourne is certainly in the middle of the winter season and the weather has been very cold. One sneaky concern arises with these cold mornings, and that's...
A Sunset Clause is a common condition included within a Contract of Sale when purchasing a property off-the-plan. It's a common term discussed among friends, but we want to help you understand that this isn't a 'bad term'. Many take this as problematic issue when buying. Sunset Clauses are usually included as a way of protecting the interests of both parties when it comes to a sale. What is a Sunset...
Overcapitalising - How to avoid this problem. This is a very common word used in both the finance and real estate industry. Many investors and owner occupiers would also be familiar with this term. Overcapitalising is caused in situations where you pay to much on renovations or home improvements. Implementing capital improvements such as laying high quality outdoor decking, changing a gazebo into an...
Many Australians are cautious of buying apartments off the plan. At face value they seem complicated and hard to understand. However, this is quite the opposite. If you know what you’re doing an Apartment can really present so many benefits to you. We won’t elaborate on the opportunities within this article, but we want to share some important tips to buying an Apartment off the plan. Selecting...
You must ensure your investment property is compliant with the current regulations. Each state in Australia differs. As we are domiciled in Melbourne, Victoria, this is a quick snapshot to ensure your aware of the Victorian requirements around smoke alarms. Landlords Responsibility: Smoke alarms must be installed in all Victorian homes, units, flats and townhouses. Landlords are responsible for...
Property Settlement Guide - a guide to helping you experience a satisfactory settlement when buying an off-the-plan property. Congratulations on buying such a wonderful property! Buying a property can be extremely exciting and also quite nerve racking. It’s likely to be one of the most expensive assets you will own. At Crest Property Investments, we are here to help you throughout the full...
The benefits of an owners corporation. An Owners Corporation was previously known as Body Corporate. We prefer to look at Owners Corporation with a pragmatic approach. Strata fees are in place for a reason. They are shared costs between residents for mandatory fees. These fees would typically include building insurance, public liability insurance and any legislation-based payments. These fees are...
Time is the most valuable commodity. If we could by time to continue saving, while locking in a property price for the future, how awesome would that be? Purchasing off the plan buys more time. Let’s explore this idea further. Once sourcing the property that appeals to you, buying off the plan offers you the chance to purchase a property now, but settling a loan in the future (i.e. 18 months or...
I don't know if it's forward thinking or impulse buying, but we always buy things in bulk if it’s well discounted. Food is certainly something we will buy in bulk. I can’t eat it in one day, but I know it will be eaten… Over the years we have realised that it's not the price you pay that matters, but the quality you get. If you can get something cheap that's helpful but it's pointless if it...
Many years ago, many buyers purchasing apartments and townhouses were acquiring them for investment purposes. However, it’s becoming a more preferred choice for many Melbournians to buy these types of residences to occupy rather than invest. Married couples wanting to stay close to the city are regularly looking for spacious Apartments and Townhouses, while many sole occupants prefer it. The...