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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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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How to find the best home loan

How to find the best home loan

Tweet 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?

Building or renovating? Do you require council approval?

Tweet 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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