What are the prescribed documents? These are documents that must be included in a Contract of Sale in NSW according to The Conveyancing (Sale of Land) Regulation 2010 under Schedule 1 Prescribed Documents. The documents are prepared by the Vendor’s Conveyancer/Solicitor to inform the potential buyer of relevant information about the property the buyer needs…
Protecting your hard-earned assets is increasingly becoming a common concern, especially with the increasing number of frivolous claims. For centuries people have used trusts to hold assets so as to protect them and to increase their flexibility. Protecting assets with a trust A trust is useful in this regard as the individual does not own…
It’s a common problem – how do you balance buying a home while selling the old one? If it’s your own home that you’re putting on the market, the stakes are even higher. You don’t want to be paying two mortgages, but you don’t want to be without a roof over your head either. In…
In Australia, Millennials born between 1981 and 1996, are shaping the housing landscape with their unique preferences. Today this cohort is between 28 and 43 years of age. There are over 5.84 million Millennials in Australia, and this generation is expected to grow by 108,250 people per annum over the next five years. If this…
In a blog I wrote back in late 2018, I introduced the term liveinvesting. It’s inspired by the concept of rentvesting, where you rent a home in your desired location while investing in property elsewhere. Considering that property prices in certain capital cities like Melbourne are currently more affordable relative to other locations, it’s a good time to…
If you’re apprehensive at the thought of borrowing six-figures (or more) to invest in property, you’re not alone. Here are six of the most common fears that trick people into not investing – and how to move past them.
For many young Australians, the dream of homeownership has felt increasingly out of reach. Gen Z, in particular, has been facing a perfect storm of rising property prices, stagnant wage growth, and increasing living costs. It’s no wonder their outlook on entering the property market has been less than optimistic. But leading demographer Simon Kuestenmacher…
The Vacant Residential Land Tax (VRLT) in Victoria has been a topic of much discussion, especially among property investors and homeowners who may be affected by this tax. Originally, this tax applied only to residential land in the inner and middle suburbs of Melbourne, but recent legislation has expanded its scope to include all of…
You probably know – like I do – a number of few people who’ve done very well out of property over the years… despite not taking much interest in it, and having no special skills. And although I don’t want to discourage you in your quest to be an elite and highly informed investor, this…
Investing in property can be one of the most effective ways to build wealth, but it’s not without its pitfalls. Over the years, I’ve seen many investors make the same mistakes repeatedly, often derailing their financial goals. Here are 10 common missteps property investors make and how you can steer clear of them. 1. Falling…
