Did you know that if your driveway is jam-packed with cars, it implies your income is low? Of course, rich people also buy cars, often valuable ones and garages full of them. But the interesting and usual pattern is that, in general, the lower the household income, the more vehicles they own. Why? Location, location,…
![The conveyancing process when buying a house [a Step-by-step Guide]](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/10/buy-home-270x200.jpg)
If you’re a first-time home-buyer or property investor, you might not have come across the term ‘conveyancing’ before. Likewise, terms such as unconditional, settlement, and ‘cooling-off’ period are also terms you may not be overly familiar with. And even if you’re a seasoned property investor, you would have employed a conveyancer or solicitor to assist…
Did you know that investing interstate is something that few Australians do? I can understand the reluctance. For most people, handing over several hundred thousand dollars for an investment property is a psychological challenge in itself. No matter how much research you do, there is always the concern that the property you invest in won’t…
Considering the current state of the property market, are first-time home buyers open to purchasing in a different state? The answer is YES! According to Finder’s First Home Buyer Report 2022, which surveyed 1,001 first home buyers in Australia, 1 in 8 first home buyers (13%) are searching for their home interstate as well as,…
I am sure you have been bombarded over the years with articles about how to bid at a house auction. I am going to suggest a few simple tips you can implement and then show you how it plays out at a LIVE property auction! This could go one of two ways! In this video,…
More Australians are preferring apartment living, despite the pandemic-induced preference shift towards larger homes. In fact, the 2021 Census of Population and Housing found that more than 10% of all people in Australia spent census night in an apartment. Apartment living continues to grow Ms Eleanor Creagh, Senior Economist at REA Group noted that the…
We all want to buy our new home or investment property at the lowest price possible. Or at least get good value for our money. And of course, the vendor wants the most he can get for his property, especially in today’s market where property values are strong. Yet you now know that the asking…
Are you thinking of putting off the purchase of your new home or your next investment property? I know this is a common thought with property investors right now! You could be forgiven considering the current financial and economic outlook. Interest rates have started rising and while that looks to continue, we are also seeing…
The NSW government has announced plans to get rid of stamp duty for first home buyers, offering buyers to pay an annual land tax payment in its place. The new plan, effective from January 16 next year, means first home buyers in NSW will have the choice of paying the regular lump sum stamp duty…
The path to creating wealth is different for everyone. Some people get there via strategic property investment, while others achieve financial freedom because of business ownership. While most financially successful people share similarities, they also make sure they don’t make silly mistakes that could damage their financial goals. So, here are five financial mistakes it…
