While buying an apartment in an established block or complex takes a lot of the guess work out of what living in a particular apartment will be like, as opposed to buying off the plan [What to Look For When You Buy a House and Land Package or Off the Plan], it still raises other questions that you’ll need to answer before buying.
Strata developments have strata managers, strata fees and sinking funds and you need to be aware of the condition of the entire building.
Continue reading “What You Need to Know About Buying an Apartment”
As we discussed in a previous post [What You Should Know About Buying a Knockdown Rebuild], sometimes finding the best home in the best area is not always feasible, whether it’s due to your budget or just a lack of suitable homes that are on the market.
In this case, you may look for an older home that you can renovate to better suit your needs later. If you decide to go down that route, however, there are things to keep in mind.
Continue reading “Three Things to Consider Before Renovating Your Home or Investment Property”
It’s not always easy to find the best house in the best location, which is why it’s always wiser to look for the worst house in the best location.
Buying a knockdown rebuild (known as a KDR), essentially means buying a property with the explicit intention to knock it down and build a new dwelling on the land.
Sounds simple enough, but there are still many things to consider before purchasing a home simple to demolish it. Continue reading “What You Should Know About Buying a Knockdown Rebuild for Property Investment”
Most mortgage holders haven’t changed their home loan in the last five to 10 years, even though their circumstances have most definitely changed in that time.
Largely that’s because there’s the perception that refinancing is a difficult process or because people think the deal they got at the time was good — it it ain’t broke, etc, etc, etc. The truth is that banks will readily increase their rates and let you know via email or their app and you can do the same to them! Continue reading “Why You Should Review Your Home Loan Each Year”
Buying a brand new home often means signing up to a house and land package, or if you’re buying into a townhouse or apartment complex, buying off the plan.
In both instances, however, it’s not quite as simple as it sounds, as no two house and land packages or off the plan purchases are ever the same.
Continue reading “What to Look For When You Buy a House and Land Package or Off the Plan”
With tighter prudential lending rules, people wishing to get onto the property ladder may find it harder than it was 12 months ago. (They might also find the high property prices in most Australian states a barrier, too.)
But a number of new fractional investment platforms aim to make it easier for investors to start a property portfolio and these options are available through an Australian company that’s listed on the ASX!
Continue reading “Get into Property with Friends Through Fractional Investing”
Newcastle property prices are relatively cheap
I moved to the Morisset peninsula so my family could have more time having fun in the backyard and pool. We live close to the lake, there are plenty of good schools, several shopping centres and property prices are increasing quickly.
Continue reading “Is Newcastle a cooler place to live than Sydney”
The Internet is NOT the Real World, it’s a Sales Agents World
If you’ve ever looked for property on the internet, then you know that very often things are not always what they seem. Bedrooms that appeared light and spacious online often turn out to be dark and cramped; lush gardens overgrown; that short distance to the local shops: a ten minute drive on a street signposted at 100km/hr.
Inspecting a property, especially if you intend to live in it, is an important part of the property buying process. Continue reading “Property Inspections, vetted by a buyers agent”
The toughest part of getting into the property market for a first home buyer is getting the deposit together. Most lenders require at least 20 percent — though tightened lending practices mean some lenders require more. But there are Government incentives and other ways to get into the property market, particularly in the Newcastle area.
Continue reading “First Home Buyers and Family Pledge Applications”
The Reserve Bank has kept the official cash rate at a record low of 1.5 percent, and while that doesn’t directly translate to lower interest rates on home loans, it’s still a good enough reason to see if you can get a better deal on your current loan. Here are some ways a mortgage broker can help more than your contact at your bank.
Continue reading “How To Get Your Lender to Lower Your Interest Rate?”