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Purchasing a property as an investment or as a home can be a painful process. First you need the skills required to find a property that matches your criteria and then there is the risk of overpaying or missing out on the property if you don’t act fast enough. A home buyer may face different challenges than a property investor, but regardless of your circumstance a buyer’s agent can help ease the blow of searching for a property and ultimately purchasing it.
Purchasing a home can seem daunting. After all it is a big decision with many factors to consider. It is one thing to have buyers remorse over a $200 sweater, but another to change your mind on your “dream” home after having spent hundreds of thousands of dollars. Buyer’s Agent Miriam Sandkuhler has seen it all after working extensively with home buyers and she shares what pitfalls to avoid before making a purchase that can save you from feeling more than disappointed.
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.