Latest REIT data: Strong demand for Tasmanian properties
BlogThe Real Estate Institute of Tasmania has just released their latest December Quarter results for 2015, which identified that Tasmania’s property market grew over previous quarters. With increasing median prices and sales numbers for Hobart, North-West Centres, Launceston and Devonport, the state continues to build momentum and grow. High sales have been recorded for […]
Strata Reform to Improve Mixed Use Development Outcomes in WA
BlogProperty investors in Western Australia could be treated to an increasing choice of retail, commercial and residential mixed use development in the coming years as Strata Title Reform makes major headway. In a move to ensure that the property industry can provide the diverse range of housing options that are required to accommodate WA’s growing […]
Latest REIV data: Melbourne buyers chase value and affordability
BlogWhile Melbourne’s median price moderated in the last three months of 2015, outer Melbourne grew – in a sign that buyers are looking for value and affordability further from the city’s CBD. A high proportion of sales in Melbourne’s outer ring, and strong growth in these suburbs, helped stabilise the city’s median price in the […]
To Flip Or Not To Flip: Renovation Tips To Boost Investment Property Values
BlogAmidst ongoing speculation that Australia’s over-swollen housing bubble could burst at any given moment, the detractors are insisting that now is not the right time to flip properties. And the naysayers are not altogether wrong. After all, Australian households have tripled their average level of household debt since 1990 – we should probably tread […]
A Guide To Packing & Preparing Your Home For Removalists
AdviceWhen you’re moving house, you want to know that the job is in good hands. Finding a reliable Removalist can be hard – and that’s only half the battle. Once you’ve settled on a reputable company, don’t expect them to magically whisk away your stuff. The list of things to do in preparation for moving […]
Investing as a young adult – 5 ways to get started
AdviceThe word “investing” conjures up a lot of clichéd images about stockbrokers and trading floors, but there are ways to start investing which don’t involve reading the sharemarket reports every morning. In fact, you’re probably already investing without even knowing it. Savings Whether it’s in a savings account or a term deposit, any money […]
The biggest challenge the market faced in 2015 was stock
BlogThe biggest challenge the market faced in 2015 was stock. The stock shortage was in part driven by vendors not wanting to be out of the market. We saw vendors buying before they were prepared to sell their existing property, such was the belief that they [vendors] could sell their property fast and achieve a […]
Key Lessons All Property Investors Must Understand
AdviceI’ve learned many lessons over the 40 years I’ve been investing. In fact, I’ve learned more from the many mistakes I’ve made than from the things I got it right (now there’s a powerful lesson in itself!) But there are 4 key lessons I wish I’d learned earlier. Firstly, the economy and our property […]
What is a buyer’s agent and do you need one?
AdviceMany people have bought property themselves or have seen close friends and family do the same. As such, it’s a very common question to ask; ‘Why do I need a buyer’s agent when I can do it myself?’ It’s a good question to ask and there are many reasons why you should consider one. A […]
Catch the sleeping giant: Tell-tale signs of a suburb about to boom
AdviceThe one word any home buyer or investor loves to hear: growth. An “up and coming” suburb conjures up ideas of snatching a bargain and reaping the rewards of your investment in years to come when house prices soar. So how exactly can you spot a suburb about the boom?
Signs you’ve found the right suburb
AdviceWhile finding the right house is of course paramount in any property hunt, we as agents are being asked more than ever about the area. When you are on the hunt, it is common for well-intentioned people to give advice and ideas about what kinds of people live in your suburbs of interest- you’ve […]
What to Ask Your Builder Before You Buy A House And Land Package
AdviceBuying a house and land package is a major commitment, and when things do not go according to plan it can be very costly and disappointing. Luckily, most building problems and frustrations can be avoided early on – by choosing a great, reputable builder. If you’re uncertain where to start in your quest to find […]
What is a clearance rate?
AdviceCLEARANCE rates are a key property market indicator and are generally used to establish if the market favours buyers or sellers. Clearance rates are expressed as a percentage and signify the number of properties sold, or cleared, at auction for the week or month A low clearance rate, such as 60 per cent in 2012, […]
How energy- smart is your home?
AdviceThese days energy bills are on the up so it has never been more important to factor in energy costs when buying a new home. Home buyers would be amiss to overlook interest rates on home loans for long term savings, but it’s also worth considering being pocket savy and thinking about the long term savings that […]
Conveyancing- what is it and why you should care
AdviceConveyancing is the process of transferring the title of real property from a seller to a buyer. Buyers generally choose to work with a licensed, professional conveyancer, whose job is to provide advice and information about the sale of a property, prepare the documentation and conduct the settlement process. Conveyancers do not have to […]
What happens on settlement day
AdviceAfter celebrating success at auction or the negotiation of a private sale, attention quickly turns to the next major stage in the property buying journey – settlement day. Get your settlement agent Before settlement day occurs, it’s important that you have a settlement agent, usually a solicitor or conveyancer, in place to handle the […]
7 questions every first home buyer needs to ask before buying
AdviceHaving your own home is an aspiration for most Australians, but planning and making it a reality requires some thought and some of that thought might be required sooner rather than later. Here are nine questions that anyone thinking about buying their first home should ask themselves so the fantasy of home ownership can turn […]
Are you an investor or trader?
AdviceWe hear about the “property investor” all the time, but have you heard of the elusive “property trader” ? Many people often proclaim themselves to be investors, though seldom do they say they are trading in properties. Sometimes known as a property speculator, a person who trades in property is one who tries to […]
The ins and outs of using equity in your home
AdviceMany homeowners have the misconception that if they’ve been diligently paying off their mortgage, they have instant equity in their home but that’s not always the case. Mozo Property Expert, Steve Jovcevski, explains when, how and why you can use the equity in your home and when it’s probably not a good idea. What […]
What You Need to Know About Your Credit Report
AdviceBefore you begin applying for a home loan, taking the time to get to know your credit report will help you navigate the often-daunting lending process with ease. Too many people don’t understand the details of this important financial report that can make or break their loan application.
Features to look for in a home loan
AdviceWith hundreds of home loans on offer, it’s hard to know which one has the features to suit your current situation, and hopefully save you some cash along the way. If you’re new to the market, or still scratching your head over commonly used terms and phrases, read on. 1. An Offset Account What […]
Considering investing? Get your head around ‘gearing’
AdviceAustralians love bricks and mortar. Not only is home ownership the great Australian dream, but when we have spare cash to invest or have paid off the mortgage and want to put our equity to work, many of us turn again to property, buying for investment.
Pay it forward: Creating smart savers
AdviceAny savvy investor should understand the value of money. However, patience, due diligence and saving can often fall on deaf ears when the time comes to pass on investment lessons to your children. Instilling strong saving habits early on can help set your kids up for the best possible chance of financial success in the […]
Gearing: A dummy’s guide
AdviceWithout doubt, “gearing”, negative or otherwise, has a significant impact on Australia’s property market. It affects everything from rental and home prices, to housing stock and even the rental vacancy rate. But what exactly is gearing? Gearing (in laymen’s terms) Gearing is the process of borrowing money for the purpose of buying an investment property. […]
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