Peter Boehm was the Finance Editor for Onthehouse.com.au. & has more than 30 years' experience in banking and financial services - Visit www.onthehouse.com.au
When reading articles or listening to experts talk about residential property, you will come across terms likes “average” or “median” prices. These may seem like interchangeable terms, but they are in fact quite different and it’s important to understand this difference. So, what is the difference? The best way to explain the difference between average…
Unfortunately, not all properties sell the first time they’re listed for sale, even in a hot market. Those that do sell can go pretty quickly, while those that don’t can languish on the “for sale” register of selling agents for some time. Around 20% to 30% of properties fail to find a buyer. Whatever the…
When it comes to buying a home or an investment property, it is vital that you conduct a thorough inspection before you sign on the dotted line – to ensure you don’t buy a lemon. Just because a property looks good on the outside, it could have serious defects that may not be immediately obvious…
In this series of articles we look at the 10 key problem areas to identify before you buy property. Over the last 2 days we’ve looked at: 1. Water Damage 2. Uneven Floors, Walls and Ceilings 3. Foundation Problems 4. Plumbing Issues This article looks at the next 3 areas: 5. Driveway and Paving Problems…
When it comes to buying a home or an investment property, it is vital that you conduct a thorough inspection before you sign on the dotted line – to ensure you don’t buy a lemon. Just because a property looks good on the outside, it could have serious defects that may not be immediately obvious…
When it comes to buying a home or an investment property, it is vital that you conduct a thorough inspection before you sign on the dotted line – to ensure you don’t buy a lemon. Just because a property looks good on the outside, it could have serious defects that may not be immediately obvious…
You’ve found the perfect location, and property values have shown good consistent growth over the years, but the property is old, rundown and in need of some serious modernising. So you ask yourself the question – is it better to renovate or detonate? This is the question facing more and more homeowners and home buyers,…
In my recent article Four Ways to Screw Up a Property Negotiation, I talked about the ways you could mess up a property deal before you even begin negotiations. To recap, if you are under-prepared and unsupported to negotiate sensibly and confidently, you could mess up negotiations before you even begin by: Not doing your research…
No matter how strong you may think your bargaining position is, there are many ways you can blow a property deal. This can occur, even in a buyers’ market, when you may believe you have the upper hand and it’s either your way or the highway. Screwing Up Before Negotiations Begins Without lining all of…
Increasing property prices and poor affordability continue to push many buyers out of the property market – which is especially the case for first time buyers. In my opinion, it is harder to become a home owner today than what it was back when I bought my first home around 30 years ago. As a…
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