An expression of interest is the first step in the buying process for real estate. As buyers advocates, this initial stage is where you place an official holding reservation on a property. The expression of interest sets out the proposed details including the terms & conditions of the offer, purchase price and time frames to act. It is a non-binding offer and does not in itself constitute a...
Dual-income investment is an interesting property investment strategy that has been very well received in all parts of Australia. Earning two incomes from the one property is a very appealing investment plan. In this article, we take the opportunity to share some information about the advantages and disadvantages that the strategy offers. A dual-income investment is effectively a property that provides...
Investing in property is very rewarding. It's ability to provide you with tax benefits is quite an appealing incentive to many. A successful property investor will focus on maximising their returns by aiming to increase their income through rent, review the potential capital growth, but also taking advantage of capitalising on the tax incentives provided in property investing. As the financial year has...
With property prices exceeding the average wage increase in Melbourne, many people are struggling to buy their own home. While the great Australian dream of owning a home is still very real for many, people are taking different home-buying pathways to get their foot into the property market. One purchasing type that has been a growing trend is 'rentvesting'. What is rentvesting and what are the...
Builders warranty is a topic not often discussed, but we think this is a valuable and important discussion to have. As we specialise in buying new and off-the-plan property, we want to share some usual details. As property advisers, when buying an off-the-plan property we do our due diligence on both the developer and builder. Sometimes this can be the same person. A good reputable builder who holds a...
Overcapitalising - How to avoid this problem. This is a very common word used in both the finance and real estate industry. Many investors and owner occupiers would also be familiar with this term. Overcapitalising is caused in situations where you pay to much on renovations or home improvements. Implementing capital improvements such as laying high quality outdoor decking, changing a gazebo into an...
What is Tax Depreciation? Tax depreciation expenses are not actual cash expenses. They are known as a non-cash entry. They are charges used to recover an asset's earlier purchase. To claim tax deductions, an investor can apply for any non-cash depreciation expenses against their taxable income. An investment property is an asset that can receive tax depreciation. This can be used to lowering the amount of...
Once our families grow up to be financially independent and raise their own families, you may realise at one point that your family residence is now quite big. Many people look to extract money from their home by downsizing. This can be quite an exciting time, but also quite daunting. What ever the basis behind downsizing your home, there are a few things that should be considered. What to consider when...
Living in rural country can be quite peaceful and quiet. A relaxing lifestyle indeed. If you want to buy a regional property, here is a list of a few common things you should look out for: Land Covenants:- When buying regional property, it is important to read the terms and conditions. In purchasing a block of land that was subdivided will often be subject to a number of land covenants. These terms and...
A Section 32 and Vendors Statement are actually the same thing. It was formerly known as a Section 32 but changed to a Vendors Statement in 2014. We will discuss this further and refer it to it’s newly updated name ‘Vendor’s Statement’. The Vendors Statement outlines the information a property seller must provide prospective buyers, such as the name of the relevant planning scheme and details of...