It’s an exciting time buying a property. We have been lucky to witness many types of buyers succeed with property. However many have differing views and objectives. Regardless if you are a first home buyer, investor or owner occupier, there are some important questions you need to ask yourself before buying a property. Before buying, here are three questions that suit all buyers. 1 - How much money do I...
It's not uncommon for a family to want a holiday home. Taking your family on an active camping trip, relaxing beach getaway or staying at a ski lodge in the mountains sound pretty sweet. Many like the idea of renting a family home throughout the year and occupying it on school holidays. In theory it sounds fantastic that you can generate some income throughout the year, while enjoying the accommodation...
Property investing and schools have influential trends. Certain properties have had significant appreciation in values when falling within school zones. As many schools in Melbourne have had great returns for property investors we thought it'd be an enjoyable article to share. Please note, these ratings were sourced and managed by https://bettereducation.com.au. Please see their website for their...
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...
We have some great post graduates making their way into the world. Striving with confidence, enthusiasm and motivation, what are the most popular suburbs for these young processionals? We have summarised five very popular suburbs. The Melbourne CBD provides these young professionals with great work opportunities and an active lifestyle. Here are a list of the most popular suburbs in...
There has been a consistent take-up of Airbnb. The trend continues with the idea that this new leasing agreement can generate a higher rental income stream. If its to rent out a room or the entire home, many have been enthusiastic to learn more about it. The yields can certainly be higher, but let us share some great data researched by 'The Conversation'. Taking note of the research conducted by 'The...
According to research conducted by the Real Estate Institute of Victoria (REIV), homes located within some of Melbourne’s best public school zones have asking prices in excess of $100,000 more to similar properties that position outside school zones. Its becoming public knowledge to learn housing prices within school zones are higher to neighbouring properties, but the price differences may surprise...
It is very common for anyone considering buying a property to feel scared investing. Investing in property has been proven to be one of the most rewarding financial decisions to achieving financial independence. Owning an asset that grows in value and pays you a regular income stream (through rent) makes this a very smart investment strategy. If you are scared investing in property, you are not alone....
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...