How to buy a property sight unseen

How to buy a property sight unseen

Tweet Buying sight unseen generally isn’t a recommended approach when it comes to property, however for those without other options there are ways to minimise its risks. There’s no questioning that it’s best to see a property in person before making a purchase if you can, but if you see an opportunity you don’t want to miss out on and you can’t visit the property in person then there are a few things you should do. Utilise technology Luckily, there are a variety of online tools that are making it easier than ever to find out about...

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Do you understand property yield?

Do you understand property yield?

Tweet One of the first things you need to consider before purchasing an investment property is what your return on investment is going to be, or in other terms your yield. What is yield? Your yield is the measure of the future income of your investment and is worked out as a percentage based on a property’s cost, annual income and running costs. A property’s yield does not take into account capital growth. You can quickly work out the gross yield of a property using the following formula: Gross yield = annual rental income (weekly rental x...

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Why spring 2018 is a great time to buy a home

Why spring 2018 is a great time to buy a home

Tweet With the property market starting to head downwards and interest rates on the move upwards you could be forgiven for thinking that now isn’t the best time to buy, but we are actually in a very favourable market for buyers. Here’s why. Weaker property markets After years of strong property demand in cities like Sydney and Melbourne things are finally starting to turn around for buyers. Sellers have definitely had the upper hand in property negotiations over the last few years, which has kept a lot of buyers on the sidelines. Now that...

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More interest rate rises from the big banks

More interest rate rises from the big banks

Tweet The Reserve Bank may have kept the official cash rate on hold at their September meeting for the 25th consecutive month, but the same certainly can’t be said for the major banks.  Westpac was the first of the major banks to lift their variable rates for both owner occupiers and investors (by 14 basis points) and now they have been followed by both ANZ and CommBank. ANZ have announced that they will be lifting their variable rates for home buyers and investors by 16 basis points, taking effect from September 27, 2018. CommBank have...

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How to get the property you want this spring

How to get the property you want this spring

Tweet Temperatures are rising, flowers are starting to bloom and “for sale” signs are popping up across the neighbourhood, which means the spring selling season has arrived. Spring is a great time to look for a new home as many sellers place their properties on the market at this time of year to take advantage of the great weather and increased buyer activity. However while spring can be great because there is increased stock on the market, it can also mean that there’s increased competition as a lot of buyers like to lock in a home...

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