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Landlords could be detrimentally impacted by new ‘tenants rights’ laws ONE of the most important pieces of property news over the past month has been the announcement of significant reform to Victoria’s Residential Tenancies Act by the Andrews Government, which is designed to give tenants more rights. But what impact will this have on landlords? Quite simply, many of these reforms could have extremely detrimental consequences for investors.
What are some of the things that you need to consider in buying a home or investing in property? Important Criteria to Consider as Homebuyer or Property Investor There are different drivers in play when a home buyer searches for a home to purchase versus an investor looking for an investment property. Key factors such as primary objectives, personal criteria, and emotion play important roles on what, where and how you choose it. If you are looking to purchase a home or investment property then these are some points to be aware of.
Buyers are active, but prices are confusing... The Melbourne property market is one of only two markets – Hobart being the other – showing resilience as the national housing market begins its natural slow down. The increase in the city’s median dwelling value was just shy of 2% over the past quarter, with Tasmania’s capital on par, and every other capital recording either a fall or a small increase of less than 0.5%, according to CoreLogic.
Unless you’ve been living under a rock you will no doubt have heard that Melbourne was recently crowned the world’s most liveable city again, making it a record of seven consecutive years with the title. That’s right, no other city has ever held the title for as long!
It’s official - Melbourne is a more popular place to live than Sydney. Melbourne has been crowned the most liveable city in the world by the Economist Intelligence Unit for six years in a row now, and perhaps as a testament to its liveability – or as a result - over this time more and more people have been moving to our city.
July 2017 - Buying property is much like a game: the seller wants the highest price they can get for the house, and the buyer wants to buy at the right price. Add a real estate agent to the mix and you’ll need to play your cards right to ‘win’ the prize.
July 2017 - Statistics show that the majority of property investors own just one investment property. The rise of the renting generation has been widely reported in recent times, and this seems like a sound leasing opportunity if you buy right.
June 2017 - You’ve prepped the house, you’ve enlisted a property agent, your house has been photographed, and the advertising campaign is in full swing. Everything is going as planned and you’re feeling confident. Then, come auction day, you don’t receive any bids. After your initial confidence, this is likely to leave you feeling very disheartened.
June 2017 - It’s one of the most difficult decisions homeowners will make: Do I buy a new home before selling my existing one, or wait until it’s sold? Along the different stages of life, most homebuyers will consider moving location, upsizing or downsizing their homes at some point. So, when it comes to making this big decision, how do you decide which course to take?
Don’t listen to the naysayers. MELBOURNE’S price growth has overtaken Sydney to be the highest in the nation over the past year. The market around Australia has softened following a period of exceptionally strong growth, with CoreLogic figures finding small price falls in every capital city except Brisbane and Hobart over the month of May.
May 2017 - The Block is a reality TV series on the Nine Network that follows four couples competing against one another to renovate and auction off properties. If there's anything that property buyers and property investors can get from the TV series, it’s an insight to the reality of what goes on in renovating and developing properties.
May 2017 - Buying property is an investment decision that should not be taken lightly. It requires an all-encompassing amount of research and decision making before a selection is finalised. And with close to every property being widely marketed to the public, it is important that investors carefully weed through the ‘glamorous’ advertising and the associated promises in order to make a wise property investment decision.