I’ve been a Sydney sider all of my life, until 2015 when I moved up to the Morisset Peninsula where a lot of Northern Beaches residents seem to have moved to. Until I moved up this way Newcastle was just some little town like Wollongong – in other words I had no idea what it was like because it wasn’t Sydney!
What I’ve seen since being up here has been overwhelming and here are some stats for you..
Continue reading “Is it a Good Idea to Invest in Property In Newcastle”
Property investors are seeking income and growth when they purchase an investment property and in regional areas many investors expect the rental income return to be high, particularly if they don’t expect their to be massive growth in value.
Dual Key Properties give investors VERY high rental returns as well as land ownership and these are the figures..
Continue reading “What is a Dual Key New House and Land Package”
When you explore investing in a brand new property you’ll begin to see how a lot of builders, developers and land owners work together to develop a vacant block of land into an estate.
It’s very common for house and land packages to have a contract for the land and then a contract for the building of the house, particularly if you buy early in the development phase.
A single contract for a new house and land package usually means that the builder has completed the build of the house on a new block of land and they are able to sell it all in one contract.
Continue reading “What is a house and land package on a single contract?”
There are plenty of reasons this happens and one of them is when they build a number of houses in the same area when enough new house sales have been made to warrant it. That’s the case with this property at Cessnock NSW
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”
Once you’ve defined your search criteria and discovered great opportunities and then refined your list the next stage is purchase negotiation. Vendor’s sales agents are often skilled in the art of urgency and compression which means they’re total focus is on highest price and quickest sale, but not always in that order.
It’s good to have someone who can change the pace and begin negotiations based on your circumstances.
Continue reading “Purchase Negotiation and Settlement”