It happens every year. The TV show “The Block” inspires a new wave of investors keen to get involved in renovating and “flipping’ properties. Just to make things clear “flipping” is where you purchase a property and then sell it within a short period of time for a higher price, usually having added value through…
Are you considering building your dream home in Australia? You’re not alone – but brace yourself. In recent years, the cost of building has skyrocketed. So too has the time it takes to get a home out of the ground and move-in ready. Why? A perfect storm of labour shortages, soaring material costs, global supply…
Are you looking to buy an investment property or a new home? If so, deciding whether to lodge a caveat with the Land Titles Office of the state in your land is located should be one of the key considerations. A caveat can protect you from adverse claims by third parties and assist secure title…
A home improvement loan is a term that is increasingly being used in Australia, but is largely a US phrase that’s been imported. It describes a type of loan that is a separate product to the mortgage you might already have, and is generally used to renovate a property. People may choose a home improvement…
Making a profit in renovating a property seems like a very attractive proposition. Buy low, renovate cheap, and add substantial value is the aim of the game. It sounds simple enough, right? While there is always a strong demand for renovated properties – as there are always people wanting to move into a property that…
Australia’s housing crisis has reached a tipping point. Demand continues to outstrip supply, affordability has fallen off a cliff, and the dream of home ownership is slipping away for many everyday Australians. For years we’ve talked about building more homes, but the real question is where, how, and what kind? Now the Housing Industry Association…
The simple answer is NO, not in the way you’re expecting. Many of the upfront costs are considered what we call a ‘capital cost’. These include stamp duty, conveyancing costs and building and pest inspections. You cannot claim these costs as a tax deduction in the year they were incurred. Instead, they get added to your…
In exciting news for the Melbourne property market – the recent Reserve Bank of Australia decision to reduce interest rates is expected to spark a wave of new residential property developments and attract a fresh influx of investors, setting the stage for a significant upturn in property prices. So, why are lower interest rates such…
Imagine a system where building a townhouse feels like playing a game of snakes and ladders—except the snakes are endless paperwork, delays, and appeals. That’s what Victoria’s planning process has been like for developers. But the state government just rolled out a new rulebook to shake things up. Premier Jacinta Allan and Planning Minister Sonya…
Whether it is an office, shop, warehouse, or even a factory, some investors are attracted to commercial property for portfolio diversification or for positive cash flow. But the thing is, successful commercial property investment is a different niche. It requires an understanding of complex market factors, unique financing requirements, property management options, leasing arrangements, and…
