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What you need to research before you buy a home

Posted by on Oct 16, 2018 in Real Estate Tips | 0 comments

What you need to research before you buy a home

There are a lot of factors that need to be considered before purchasing a property and every buyer needs to do their own research to ensure that important details don’t fall through the cracks. The amount of research that needs to be done can seem overwhelming, so we have broken down a few key areas of research to look at to get you started on the right foot. Financial research Before buying a home you need to determine what you can realistically afford. Talk to a few different lenders or a mortgage broker to work out your borrowing capacity...

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3 common mistakes you might be making as a home seller

Posted by on Oct 11, 2018 in Real Estate Tips | 0 comments

3 common mistakes you might be making as a home seller

When it comes to real estate, nothing is for certain and it may feel like whether or not you get a good selling price comes down to the luck of the draw. While a little bit of luck may play its part, there are things you can do to take control and ensure you have a positive selling experience. You may fair best by avoiding the most common pitfalls that other sellers have made. They include: Not fixing basic maintenance issues A small property issue that could cost just a few hundred dollars to fix could end up knocking thousands of dollars...

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How to find the best real estate deals

Posted by on Oct 9, 2018 in Real Estate Tips | 0 comments

How to find the best real estate deals

Having a hard time finding a great property in your price range? Are all the good places snatched up before you get a chance to even view them? If you’re finding it challenging breaking into the market then you’re not the only one. It’s not uncommon for it to take months or even years to find that elusive property that meets all of your criteria. The key is not to give up on your search even when it seems like there is nothing in the market for you. But there are some things you can do to help improve your chances of finding a great...

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Should you renew when your property lease is up?

Posted by on Oct 4, 2018 in Real Estate Tips | 0 comments

Should you renew when your property lease is up?

Gotten a lease renewal letter in the mail and wondering whether to sign it or find something new instead? It can be tempting to start looking for a new home simply because you feel like a change, but if you like where you live now and have a good relationship with your current property manager then staying where you are is likely to be the easiest option. Save money by staying put Even if your new lease comes with a rental increase, chances are you will still end up ahead simply because moving homes doesn’t come cheap. Moving costs can add...

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5 things you can’t change about a property (at least not easily!)

Posted by on Oct 2, 2018 in Real Estate Tips | 0 comments

5 things you can’t change about a property (at least not easily!)

When looking for a home there is probably going to be a lot of things on your wish list. Maybe you want a certain number of bedrooms, a chef’s kitchen or a big backyard? Whatever it is you’re after there’s a good chance you will have to compromise on what you want in some way or another. It can be hard deciding what property features are and aren’t important, but you should always be mindful that some things can be easily changed, such as wall colours or landscaping, while other things such as location can’t. What can’t be...

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How to get started on your renovation

Posted by on Sep 27, 2018 in Real Estate Tips | 0 comments

How to get started on your renovation

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 house? ...

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Tips to avoid reselling at a loss

Posted by on Sep 25, 2018 in Real Estate Tips | 0 comments

Tips to avoid reselling at a loss

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 90.1% of...

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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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