How to get started on your renovation

How to get started on your renovation

Tweet Many people buy their homes with plans to renovate at some point, however it’s hard to know where to get started. The problem with a lot of building work is that one thing normally needs to precede another so while you might want to rip into the kitchen and put in a new one it may mean that you also need to knock out walls, re-do floors, or a plethora of other things that you aren’t ready to tackle yet. So, where do you begin and how do you stop yourself from getting carried away to the point where you want to replace the entire...

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Tips to avoid reselling at a loss

Tips to avoid reselling at a loss

Tweet You may have seen record house prices in your neighbourhood just a year or two ago and figured that your property is still worth just as much or more today, however if you live in area where property prices are cooling then this may not be the case. While the vast majority of homes across Australia (89.8%) resold for a profit during the second quarter of 2018 according to the latest CoreLogic Pain and Gain Report, the proportion of profit making resales was at it lowest level since October 2013. During the first quarter of this year...

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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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