![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…
Australia’s housing market has begun cooling from its peak, with rising interest rates, increasing inflation, higher construction costs, low vacancy rates, and increasing rental prices weighing on the market. There is a lot of discussion about how these various factors are affecting the housing market, but what about the apartment market? Analysis by Charter Keck…
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…
All investors know that location is one of the most critical components of any successful property investment. When long-term capital growth is the sought-after reward at the end of the real estate rainbow (as it always should be), it is vital that you not only find the best possible property but the best possible position. In…
You’ve heard the term gentrification, and you may even have an understanding of what it means. But for investors, gentrification takes on a whole new meaning – as it actually represents a powerful opportunity to increase both your property returns in the short term and your overall real estate wealth in the long term. Let…
As Australia’s property market continues to cool across the nation, more and more properties are not meeting the vendor’s reserve price, so the property is then “passed in.” Auction clearance rates have fallen from the 80% range achieved during last year’s boom to hover closer to 50% or even lower, leaving some homes taking longer…
What if I told you there’s a book that’s been on the best-seller list for close to 2,000 years? It’s been translated into virtually every language, read by everyone from politicians to sportspeople and CEOs, and holds every bit of relevance today as it did when it was first written around 2,000 years ago. It’s…
Australia’s property prices fell further again throughout the nation in July as higher borrowing costs and fast-rising interest rates drive down demand. Across the country, property prices dropped another 0.43% in June to a new $751,000 median, and are now 1.66% below their peak, according to the latest PropTrack Home Price Indicator report. Prices continued…
Some investors have been spooked by the RBA hiking interest rates over the past months, particularly since it has spent the past two years telling us that rates would not rise until 2024. Higher interest rates at the same time as rising prices (inflation) are a two-fold blow to household budgets. Where are interest rates…
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…
