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”
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”
While an established property in an established suburb is never a bad investment — older suburbs tend to be in higher demand and property values appreciate faster — there are more than a few reasons why the right new home could be a better investment.
Governments often consider Stamp Duty Concessions and Super Contributions to encourage not only First Home Buyers but also the building industry.
Continue reading “How Buying a New Home is Safer & Better for Tax”
Newcastle is the Epicentre of Growth
Sydney’s high property prices have pushed first home owners and property investors further out and increased demand on regional areas. While some people are looking to move out of the city to the Central Coast or Hunter regions, property investors are looking for the next growth area to invest in like the inner suburbs of Newcastle or low priced alternatives like Morisset and Cooranbong, where it is still close enough to commute to Sydney but house prices are low and increasing.
Continue reading “Property Search and Discovery – What’s Involved & Who Does it?”
Renovate, update or develop
There’s an old saying about buying the worst property in the best street, and that’s doubly true for property investors. Not because you want to rent out an old slum to tenants, but because with just a few low cost modifications, you can not only increase the rental you’ll get for it, but also improve your property’s value so you can start investing again.
Continue reading “Improve Your Property’s Value”
Bad Rap, but close to Newcastle, Beaches and Lake!
Windale, a suburb of Newcastle, is portrayed as one of the most disadvantaged communities in NSW. It has some of the highest rates of unemployment, substance abuse and social housing in New South Wales but much of the social housing has already been sold to investors and first home owners and at VERY cheap prices!
Would you kick yourself if you didn’t invest in a property in one of the closest suburbs to Newcastle at these prices?
Continue reading “Windale is Redfern Twenty Years Ago — Should You Invest?”
You can make a verbal or email offer for a property, but nothing is binding until you’ve signed the contract of sale and made a deposit. A previous post [Offer and Acceptance] discussed what happens after an offer is accepted, but this time we’re going to look at some of the options you have when making an offer in the first place.
Continue reading “Verbal or Email Offers Are Acceptable But Not Binding”