News

Select a news topic from the list below, then select a news article to read.
 

Whether you’re downsizing or moving to a new area, most home owners will find themselves selling at one point in their lives. Selling your home can be a stressful period, particularly if you’re not sure what to expect. This article will guide you on the process to successfully selling your home and starting a new chapter in your life:

Deciding to sell
If you’re unsure on how to navigate the selling process, a trusted real estate salesperson is a must when putting your home on the market. They can help guide you throughout the entire process, as well as offering advice…

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The housing affordability issue is a widely and hotly debated issue with divided opinions.

Below we share with you the opinions of two independent and respected real estate analysts, Terry Ryder from Hotspotting.com.au and Louis Christopher, Managing Director of SQM Research. I believe the explanations given by both analysts are the main reasons why Australian housing is so expensive.

You will find that both analysts agree on the cause of the housing affordability issue. They both independently arrive at the same conclusion as to the cause of our problem.

The Housing Affordability issue
By Terry Ryder, author of Hotspotting.com.au…

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In the three months to June 30th, Melbourne’s median house price has risen for the fifth consecutive quarter. New data from the Real Estate Institute of Victoria shows the Melbourne median house price jumped 2.9% to $822,000.

Melbourne’s popularity is attracting many more people who want to live here increasing our population by more than any other city in Australia. This is creating greater demand for housing and pushing prices higher. Low interest rates is the other primary driver of the price growth we are experiencing.

The NAB residential property survey predicts the Melbourne house market will continue to…

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Good news – only applies to properties purchased after 9th of May 2017

The Federal Government has proposed adjustments to depreciation legislation in the 2017 Budget.

Under the new rules which are yet to be legislated by Parliament, investors will be able to depreciate new plant and equipment assets within a new property and items they add to their property; however subsequent owners who acquire a property after 9th of May 2017 will not be able to claim depreciation on existing plant and equipment assets.

Investors will still be able to claim qualifying capital works deductions, including any additional capital…

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In this article, we provide insights into the contents of the book - Inside Real Estate. The average consumer is known to transact relatively infrequently; and with the real estate industry changing so rapidly it is not surprising that consumer’s previous experiences are usually left redundant. Unintentionally, many people feel as though they are flying blind when buying and selling their primary asset. Inside Real Estate will fix that.

If you are looking to buy and sell in the present market, we urge caution. In the past 5 years as prices have been rising, those looking to buy and sell…

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As an owner of a commercial investment property, you should always be thinking of how you can improve your property’s income, occupancy and capital value.

All your decisions should be made with a view of strategically adding value to your investment property over time. You should always be considering how you can enhance or improve your property’s net income because this in turn increases the property’s capital value.

Some common examples:

  • Don’t be in a rush to lease the property to just anyone. Selecting the right tenant with a good business history is more important than the details on the…

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Sweeping changes to Melbourne’s zoning laws came into effect about three years ago. Melbourne has four major zones with the most restrictive being Neighbourhood Residential Zone (NRZ).

The most current notable change to the State Government’s residential zones is the removal of the mandatory two dwelling restriction per lot in the NRZ.

There is now no limit to the number of dwellings that can be constructed on a lot - including NRZ - provided each dwelling meets the required minimum percentage of garden area.

The new minimum garden area requirement for lots of 400sqm or greater for General Residential Zone…

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Bidding and buying at a slow auction

Fortunately, not every auction that you bid at will be vigorous. Even though the vendor has been told an auction will put pressure on the buyers, the pressure often rests with the vendor. A slow auction is an excruciating and agonising event to witness.

The vendor has gone to auction with visions of 5 bidders trying to knock each other out with a big cheque. The buyer's belief and resolve that the owner wants too much is hardened when they see a lack of buyer competition. A slow auction with only one or…

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Even if you are fiercely determined to avoid being caught up in an auction when buying, you still may find yourself having to bid at one to secure your dream home. At an auction, the property sells to the buyer who submits the final bid above the vendor's reserve price. Most people attend auctions without a bidding strategy.

The good news is you may win an auction without having reached your predetermined maximum price. The bad news is you may be the under-bidder at a few auctions before you win one. But there are bidding strategies that you can adopt…

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Why not sell the house you don’t want and buy the house you do want and wait for your new home to go up in value.

The real estate market is not a single entity. It is millions of people making individual decisions based on their personal needs and opinions.

Current real estate trends vary wildly from state to state, city to city and even suburb to suburb, making the real estate market virtually impossible to predict with any accuracy.

When deciding to sell, many use their personal opinion of the real estate market as the basis for that decision.…

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