Depending on where mould in an investment property can be an issue all year round. In this article we explain some general points to help avoid the build up of mound in your investment property. What is mould? Mould and mildew are a form of funghi. They thrive and grow with built up moisture. Overtime a property may get damp, dark and poorly ventilated. This often occurs in wet areas of a home including...
The COVID-19 crisis has caused much pain to health, livelihoods and working careers. The situation has called for many changes in the way people interact. The real estate industry is set to experience many changes particularly in the way it presents a property inspection. Property inspections are traditionally conducted to show potential tenants a property to lease or potential buyers a property to...
Common mistakes buyers make - and how to avoid them. Buying a home is one of the biggest commitments you’ll make in a lifetime. If you can get it right the first time, you’ll obviously increase the chances of adding more properties to your net wealth. In doing so this article may help you prevent some common mistakes buyers make. You may also enjoy our article on "First Home Buyers - 5...
Buying off-the-plan is a great way to enter or introduce yourself into the property market. However, can you sell off the plan before settlement? As buyer's advocates we source many properties for buyers and help them settle in the best means possible. However, during the construction phase, some buyer's personal circumstances change. These are often unavoidable and can cause their finances to...
These days, not everybody wants to buy a property outright on their own. An alternative may be to purchase through a tenants in common. If you’re considering buying a house with a partner, however worried the relationship won’t last. The Tenants in Common Exchange (ticX) will provide you with a platform to sell your share. The ticX trading platform allows developers, builders, renovators and real...
How do valuers assess a property valuation? No matter if you purchase a brand new, off-the-plan or second-hand property, we are all in the mercy of the valuer. This is less relevant for a cash buyer, but for the most part, buyers require borrowed funds to complete their purchase. This means the bank will employ a valuer of their choice to complete property valuation. There are many professionals in...
Landlord insurance is an important means of protecting your investment property. Landlords' insurance is an insurance policy that covers a property owner from financial losses connected with rental properties. The most common landlord claims are tenant related issues over non-tenant related. According to EBM RentCover the majority of insurance claims were caused through tenant-related issues. The...
According to the latest RACV analysis here are a list of Victoria’s latest crime statistics and home burglaries. Some suburbs may surprise you… The analysis conducted by the RACV use multiple data from government officials, the Victoria Police. Statistics sourced from 2018-19 studies have been collated to identify the most dangerous and safest suburbs in Melbourne. A scary thought…The data...
It is finally official. The Government has established a new policy called the mortgage guarantee scheme, which is aimed to help first home buyers enter the property market. The mortgage guarantee scheme will offer first home buyers the opportunity to purchase a property with just a 5% deposit subject to eligibility. The scheme will essentially boost up to 10,000 first home buyers each year on low and...
The Foreign Investment Review Board (FIRB) is an Australian government department. They assesses applications from foreigners who would like to buy a property in Australia. FIRB makes recommendations to the Treasurer on those subject to the Foreign Acquisitions and Takeovers Act 1975 and Australia's foreign investment policy. Who needs an approval from FIRB? Foreign investors A foreign investor is...