The sea-changer/tree-changer rise is no surprise, but a recent report estimated the combined development value of Australia’s top 10 regional growth areas at more than $15 billion this year — with Greater Geelong, Victoria, representing $7.52 billion in value alone. This represents a wealth of opportunity for developers, with buyers looking to secure affordable options…
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The Australian Federal Government’s May 2021 budget offers positive signs for first-time buyers in the real estate sector. In terms of a recap and brief overview, the budget makes allowance for an extra 10,000 places to be added to the First Home Loan Deposit Scheme. The scheme enables first-home buyers to purchase a property with…
It’s comforting to know that advanced technological aids will never replace the personability, experience and reputation of real estate professionals. But when distance, situation and time are a barrier, virtual reality succeeds in replicating the real-life experience of buying property remotely. Even in uncertain times, this provides buyers with a level of stability and reliability…
Traditional investment areas, such as commercial property and residential developments, are enhanced by opportunities in future growth markets. Research conducted by The Intelligence Lab and Knight Frank uncovered several key trends in global real estate investment that are gathering steam in Australia and New Zealand. These include: Trailer parks Investment in high-end trailer parks gathered…
“Buyer beware” is one of the most commonly used phrases in property, and it’s just as important to heed if you’re considering purchasing an apartment or villa unit as it is for houses. That’s where a strata inspection report – otherwise known as a strata search or Owners Corporation Records Inspection – can prove invaluable…
On paper, buying a property off the plan can be an extremely profitable experience. However, as with any new acquisition, particularly when sight unseen, an internal radar and thorough research are required. Mostly offered in new and refurbished apartment and townhouse projects, off-the-plan developments reward forward-thinking buyers with considerable stamp duty concessions (the earlier you…
Broker-originated home loans reached record highs towards the end of 2020, according to mortgage broker eChoice. Data commissioned by the Mortgage & Finance Association of Australia and researched by CoreLogic estimated that $57.47 billion of new loans were settled by 18 leading aggregators. “With great wealth comes great responsibility,” Bill Gates famously quipped. So, how…
When buying a property, doing your homework is all-important. An initial home inspection is the first step. But where do you start and what should you inspect? Tick all the right boxes for legal clarity and peace of mind with our must-do checklist for home inspections. Inspection checklist Ensuring that the property is sound and…
If you’re considering setting up a self-managed super fund (SMSF) to invest in residential property, it’s important to understand the rules, risks and costs involved. An SMSF is just that, but there’s more than one manager and multifarious financial commitments, legalities and responsibilities. The Australian Taxation Office states that the difference between an SMSF and…
Go to your letterbox and, most weeks, householders will find an offer of a free market appraisal from one or more real estate agents. Designed primarily as the first contact point in what agents hope is a lifelong relationship, the obligation-free quote can be a positive experience for interested parties, depending on how it is…