So, you’re considering the decision to start home renovations on your property with the main intention to sell it for a profit. For the uninitiated, this is called ‘property flipping’. And there are good examples are all around Melbourne, with this beautiful home in Brunswick West initially selling for $930,000
Melbourne’s house and apartment prices have transitioned from bottoming out, to now trending in the other direction. Since the late 2017 market peak, the property market has had a tough time, but prices are now rising again. While homes are getting more expensive, the supply continues to dwindle. This is
In 2017, a horrific blaze at London’s Grenfell Tower killed 72 people and left many asking serious questions about the materials used in the building’s construction. Similarly, in 2014 a severe fire consumed 13 stories of the Lacrosse tower apartments, Melbourne, with apartment owners recently winning $5.7 million in damages
What you need to know when downsizing your home Regardless of your lifestage – whether you’re a baby boomer, empty nester or just someone looking for a lifestyle change – the idea of selling your family home can be daunting. The memories it contains and the comfort of staying put
Stamp duty or land transfer duty – as it’s sometimes called in Victoria – can be an unpleasant surprise for those embarking on the home owner journey. Stamp duty in Victoria is a large source of taxable revenue for the state government, consistently proving to be a thorn in the
Many facets work together to add overall value to a suburb, including public transport, amenities and popular attractions. One often overlooked element that can add considerable value to your property: proximity to outstanding public schools. Why do excellent public schools hold such influence over a suburb’s value? It all comes
Buying a house, whether you’re a first time home buyer or not, is an exciting time. Nevertheless, it’s something that you need to be fully prepared for. These seven tips will help give you the edge over your competition, and purchase of your new home for less. 1. Location, location,
On 4 February 2019, the final report of the banking royal commission was delivered. Commissioner, Kenneth M. Hayne, made recommendations that relate specifically to the home loan mortgage industry. Importantly, the Commissioner has suggested changes that seek to strengthen existing regulations and promote cultural change. These recommendations impact everyone from
With the 2019 federal election on the horizon, changes to the negative gearing policy have become a frequent topic of discussion. Introduced in the 1980s by the Hawke government to encourage Australians to populate the housing market with rental properties, the policy did its job. Unfortunately, more than 35 years
If you believe the 88-year-old investor Warren Buffet, the time to invest or enter the property market is when others are fearful. Warren Buffett is the chairman & CEO of Berkshire Hathaway one of the most successful investors to ever walk the planet. 18 months ago, Warren would have described
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