March 28, 2013

The “Hot Suburb” Myth

The concept of the “hot suburb” is false and flawed. This gives buyers the impression that purchasing in these suburbs automatically results in exceptional capital growth. In reality nothing could be further from the truth. Investors should not get confused between a growth suburb and a suburb that will produce the optimum capital growth. A…

Does it have a permit?

Before purchasing a property it is important to make sure that previous owners have obtained appropriate permits for any additions or improvements. I recently inspected a property in Melbourne’s outer western suburbs that had what appeared to be a recently constructed extension to the rear of the property. The addition was not well designed as…