When you buy a property you receive a Certificate of Title, which is a paper copy of an entry in the online register. If you have a mortgage, the bank holds the Certificate of Title until your loan is repaid. A mortgage grants an interest in the real estate to the lender. Once it’s paid…
The statistics say it all-around 92% of Australians who invest in property never make it past their first or second investment. This is in spite of the fact that one property will never make you rich…it will never even make for a comfortable retirement when you consider that this stage of your life could represent…
You’ve just made an offer on your new home or your next investment property and it’s been accepted. That’s great news, but what actually comes with the property when you settle? Is it everything that you saw when you inspected the property? Clearly not – some of the items in the property belonged to the…
Ever been to an auction where the property sold for hundreds of thousands of dollars above what the agent had quoted? I certainly have and I know many disappointed prospective buyers who have missed out at auction by being misled by agents’ quoted price ranges. Just to make things clear…the practice of underquoting is where…
Many novice investors make a simple mistake when they first start out. And that’s because they don’t understand the difference between their borrowing capacity and their affordability. So I’d like to clear up this issue to help investors manage their cash flow better in the future and to help them on their path to success….
The Reserve Bank sees no “quick fix” for the housing crisis and warns that an imbalance between Australia’s supply of new housing and growth in the nation’s demand for housing is pushing up rents and construction costs and also has implications for economic activity. In a speech on Housing Market Cycles and Fundamentals, RBA assistant…
If you think investing in property is beyond your reach, then it might be time to think about joint ventures. Picture yourself in this scenario… you’re now in your 50s and your kids are all grown up and left home. You see them battling out there in the jungle and you wonder how they’re going…
If you own an investment property and rent it out, you can write off a number of costs on your annual tax return. This includes claiming a deduction for any borrowing expenses incurred and any cost incurred for arranging finance to purchase it. Tax time is a big bonus for many Aussies with rental properties,…
Building a granny flat out the back of your property has fast become a popular way to increase your living space or even earn some extra rental income, but does it make good investment sense? According to reports, the number of granny flats being approved and built in NSW is at an all-time high. The…
Victoria has become Australia’s second-most popular state for international buyers and tenants eyeing a move to the lucky country last month. New figures from PropTrack show that offshore demand for rentals is currently 32% above historical norms, with increasing interest coming from the UK, New Zealand, and China. Only New South Wales had higher demand…
