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How to buy a property sight unseen

Posted by on Sep 20, 2018 in Real Estate Tips | 0 comments

How to buy a property sight unseen

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?

Posted by on Sep 18, 2018 in Real Estate Tips | 0 comments

Do you understand property yield?

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 52) /...

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Why spring 2018 is a great time to buy a home

Posted by on Sep 13, 2018 in Real Estate News | 0 comments

Why spring 2018 is a great time to buy a home

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 prices...

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More interest rate rises from the big banks

Posted by on Sep 11, 2018 in Real Estate News | 0 comments

More interest rate rises from the big banks

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 also said...

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How to get the property you want this spring

Posted by on Sep 6, 2018 in Real Estate Tips | 0 comments

How to get the property you want this spring

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 purchase...

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Are you prepared for higher interest rates?

Posted by on Sep 3, 2018 in Real Estate News | 0 comments

Are you prepared for higher interest rates?

Westpac has become the first of the major banks to lift its variable rates, and it might only be a matter of time before the others follow suit. The bank announced that it’s raising its variable rates for both owner-occupiers and investors by 14 basis points, effective from September 19. This will affect new and existing customers. Meanwhile, the Reserve Bank of Australia (RBA) has kept its official cash rate at the record low of 1.5 per cent since 2016 and there hasn’t been a rate hike for 8 years. Lenders have been moving their rates...

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How to find the best home loan

Posted by on Aug 30, 2018 in Real Estate Tips | 0 comments

How to find the best home loan

Choosing a home loan isn’t as straightforward as it may seem. While many people looking at choosing a home loan will try to find the cheapest interest rate, there are a number of other factors such as fees and account features that need to be considered too. So what should you look out for? A low interest rate – When it comes to mortgages the less you have to pay in interest each month the better. Most lenders will have an advertised rate and a comparison rate, which takes into account the cost of the loan after fees and charges are...

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Building or renovating? Do you require council approval?

Posted by on Aug 28, 2018 in Real Estate Tips | 0 comments

Building or renovating? Do you require council approval?

Building a home or developing a new site can be an exciting time, however you might be stopped in your tracks when you realise you need to get a planning permit across the line. Whether you are building a new extension or starting a building from scratch, you will need to have all necessary approvals in place from your local council to go ahead with your project. Some small scale-renovations such as adding a pergola or carport, may be exempt from council approval, however it’s always best to check with council first. If you do require...

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5 simple steps to increase your home’s value

Posted by on Aug 23, 2018 in Real Estate Tips | 0 comments

5 simple steps to increase your home’s value

If you want to get the most out of your biggest asset then it’s well worth investing some time and money before sale time on getting it looking its best. There are plenty of renovations that you can do to improve your property’s value, but it’s best to concentrate on the ones that will give you the biggest return on investment.  Start with floors and walls Interior property styles change frequently and the colour schemes used on the walls and floors can make even near-new properties look dated. A simple coat of paint and perhaps a...

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Do you understand comparison rates?

Posted by on Aug 21, 2018 in Real Estate Tips | 0 comments

Do you understand comparison rates?

Interest rates may be sitting at historically low levels, but a number of homeowners and investors are still confused about how to get the best deal. Many mortgage holders focus on getting the lowest rate possible, however charges and fees also need to be taken into account when deciding on the best deal. This is where a comparison rate comes in… Unfortunately it appears that many Australians don’t understand what is meant by a comparison rate. A 2015 nationwide survey undertaken by CUA found that just 29 per cent of Australians understood...

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