Property update - December 2020 Record savings will direct more buyers to property in 2021. It's anticipated that Australians have saved over $100 billion in 2020. This is a record we haven't seen before. Covid-19 certainly interrupted our livelihood and social life, but many Australians were forced to cash up their savings as apposed to shopping or travelling. Property prices have remained steady...
Gentrification is a natural economic change. Many suburbs within metropolitan Melbourne are evolving and changing their identify. Many suburbs have done a 360 degree turn, while some continue to retain their heritage vibes. Gentrification in Melbourne is occurring for many reasons. It can be due to the increasing population, an influx of more affluent residents and businesses or from property developers...
Auction clearance rates are the most viewed property statistic. In this market insight, we take the opportunity to help explain what they are and how to understand them. They are calculated for auctions scheduled during the week, ending each Sunday. It indicates the percentage of properties sold at auction using available data. The data also takes into consideration properties sold before...
When buying an investment property, there may be a time in the future where you want to sell it. Sometimes you may be selling an investment property with a tenant living in it. However, it can be more difficult selling an investment property with a tenant living in it. Keeping the home presentable by reducing clutter, maintaining the landscaping and having the property clean are all out of your control...
Selling an off the plan property before settlement is also known as a nomination sale. At Crest Property Investments we help buyers sell their off the plan property before settlement. In this market insight we talk more about a nomination sale. If you are in a situation where you need some assistance, please don't hesitate to contact us. This video link to our Youtube channel also explains things in an...
New government incentives for buyers - here is the latest. Both the state and federal governments have worked together to stimulate the construction industry with the following incentives: HomeBuilder package The home builder package is $25,000 up until 31 December 2020. This has been extended offering $15,000 from 1st January 2021 to 31st March 2021. The be eligible for the home builder grant the...
A routine inspection is an effective way to ensure your investment property is being looked after by your tenant. It is also an opportune time to assess the property for any repairs, damages or safety issues that should be fixed. Having the property in pristine condition will increase your chances of keeping a happier tenant and a higher rental income. Employing a property manager to take care of your...
Top things to do in Ballarat Ballarat is an old regional town 110kms from the Melbourne CBD. Once a country town that experienced a world renowned gold rush in the 1800s, Ballarat saw their population increase to approx. 50,000. In recent decades, many farms have been sold to build more housing estates, which will see Ballarat's population to increase to 144,000 by 2030, boasting the second largest...
What you can borrow and what you should borrow can vary greatly. The amount between the two can be the difference between buying a property you can purchase and settle or proceeding to soon learn you’ll be loosing your deposit plus other penalties. Before purchasing a property it’s quite important to establish your borrowing capacity in advance. In this market insight we discuss this in more...
Top things to do in Camberwell Camberwell is a beautifully designed suburb. An affluent location with a great family community. Located 9kms from the Melbourne CBD, its a suburb that is well connected. Here is a list of things to do, but in no particular order: Camberwell Place Camberwell Place is a boutique shopping centre located on Burke Road, in the heart of Camberwell. The centre is anchored...