Your Buyers Advocate Newsletter Every property investor needs a good handyperson, plumber and electrician. Having these three contacts will not only help take the stress out of being a property investor it will also save substantial amounts of money. Consistent high quality workmanship, reliability and a competitive price are rare with tradespeople provided by a property…
Marketing photos taken with wide angle lenses combined with undersized and strategically placed display furniture to make rooms appear larger. Artificial lighting to make rooms appear brighter. Newly painted walls and architraves to hide what could be rising damp. Sensual aromas from plug in diffusers greeting you at the entrance. Welcome to the world of…
Releasing a deposit to the seller prior to settlement is always risky. If a deposit is released prior to settlement the purchaser is deemed to have accepted title. On signing of the contracts many selling agents will attempt to get the buyer to sign what is known as a Section 27 release of deposit statement.…
Your Buyers Advocate Newsletter It has been reported that over two million Australians own residential investment property. The quality of many people’s retirement is tied to having made an astute property selection.It is therefore important that powerful media outlets provide accurate and balanced commentary on the property industry. The popular Australian television show known as…
Buying rural property throws up a unique set of circumstances for property buyers. People that have never purchased a property in a rural area would be well advised to seek independent advice before taking the plunge. Over the last few years I have assisted several buyers purchase rural property. I am confident I can add…
A pre-purchase building and pest inspection is essential for all property purchases. I am astounded that many buyers do not obtain a report. With the Melbourne median house price at around $820,000 a report costing just hundreds of dollars should be considered essential. Over the years I have had some clients grumble about the amount…
Buyers of brick or masonry homes should pay particular attention to the serious building defect known as rising damp. Through capillary action, moisture can make its way up a brick wall from the ground. A breakdown in the waterproofing barrier or garden beds being constructed above an existing damp proof course can result in rising…
Real estate is a very egalitarian investment option. It doesn’t matter how many university degrees you have, where you went to school, who you know or where you come from. You don’t even have to laugh at the bosses jokes. Provided you make the optimum selection your investment property will keep appreciating at a fast…
Apartments and villa units are becoming the investment of choice for many Melburnians. With house prices going through the roof these types of properties provide an affordable alternative. Provided the optimum selection is made they will produce exceptional capital growth. As a result more and more Melburnians are becoming members of an owners corporation. Having…
Making a sub-standard investment property selection has a series of negative implications for investors. A poor decision isn’t easily rectified as divesting out of property incurs substantial costs. Also, the time frame between placing a property on the market and receiving the proceeds of the sale is lengthy compared with other asset classes. The optimum…