Are you considering buying an investment property off plan? There are just too many risks involved in the off the plan sector of the property market. As property prices continue to climb across the nation, reaching or surpassing their pandemic peaks while stock dwindles by the day, I can understand why some investors think it’s…
Victoria’s property market is undergoing significant changes aimed at stimulating buyer interest and addressing the housing supply shortfall. The Victorian government has introduced a temporary stamp duty concession for off-the-plan properties, effective October 21, 2024. The concession runs for a year and targets the state’s property market challenges. By reducing upfront costs, the Victorian government…
The off-the-plan apartment market in Australia is facing a crisis, as a growing number of buyers who purchased a residential property via off-the-plan contracts are seeking to on-sell prior to settlement. Rising interest rates are making it difficult for buyers to pass the bank’s serviceability test, and some buyers who might have cleared their bank’s…
Imagine this: you finally scrape together a deposit, brave the high interest rates, and secure a mortgage on your dream home. You assume the next 30 years will be about gradually owning more of your home. But what if I told you the first 15 years of your mortgage repayments essentially go to covering taxes…
Soon, more than 15 million Australians should be lodging a tax return with the Australian Taxation Office in the hope of receiving at least a small refund. About 60% of taxpayers use an accountant to prepare their tax return while the other 40% lodge their returns via their MyGov account. This links them to the…
When you make your offer on a property, there are a few things to keep in mind to give you the upper hand in the negotiation. These are particularly important in the current market as sentiment turns. So, let’s look at some tactics that should help you secure your property.. 1. Substantiate Your Offer Provide…
The federal election campaign was dominated by the housing crisis. But the real power to solve it rests with the states. In Victoria, reforms are underway that promise a bigger boost to the housing aspirations of younger generations than anything that occurs in the federal parliament. Yet these reforms are now under threat of being…
Have you finally found the perfect property but now have no idea how to take the next step? Don’t worry, like many buyers out there, you’re not alone! To help make things a little easier for you, in this article we get down to the nitty-gritty of making an offer and tell you exactly what…
![[PODCAST] Why Plan Ahead? Top 10 Advantages of a Long-Term Investment Strategy | With Stuart Wemyss](https://cdn.propertyupdate.com.au/wp-content/uploads/2025/03/MY-podcast-658_investment_strategy-SWemyss-270x200.jpg)
If you’ve has been listening to my podcast for some time, you’d know that I believe in the importance of having a long-term strategic plan for your investments. So while you may be looking for the next hotspot or a way to get rich quickly, let’s step back today and look at the advantages of…
Australia’s property market is now firmly in the recovery phase, with strong demand and weak supply continually pushing prices northwards. It makes sense that in a market like this, where competition is fierce, off-market properties seem like an attractive option. But what are off-market properties, and why would anyone sell them this way? And the…
