Archive for the ‘Property Tips’ Category

Buying Your First Home: 6 Useful Tips

There can almost be nothing more exciting than purchasing your first property; but along with the adrenalin can also come some trepidation – it is a huge financial commitment, the biggest most people make in a lifetime.

Below we have outlined some useful tips to prepare yourself and as a consequence make the process less stressful and daunting, and much smoother.

Pre-Approval: Once you’ve made the decision to enter the market, … Read the full post »

Multiple Offer Situations

The robust state of the property market in key hot spots, such as the Sunshine Coast, is pushing prices upwards, mainly driven by the strength of demand in relation to supply, leading to many sellers (and buyers) facing a multiple offer situation.

It is important that both parties – buyers and sellers, understand what the real estate agent’s obligations are in this scenario, within a legal and ethical context.

Agents have an … Read the full post »

Easements Explained

When buying real estate, particularly for the first time, you sometimes come across some unfamiliar terms, one of them being ‘easement’; we get frequently asked about easements and what they mean.

The legal definition of an easement is “the right to cross or otherwise use a portion of someone else’s land”.   Sometimes the easement is perhaps land that contains essential services; buyers can usually find the necessary information on the location … Read the full post »

Apps to Help you Save Money!

Saving for a house deposit is certainly not easy, particularly in an environment of rising property prices and low wage growth; budgeting is a ‘must’ and there are various ways of doing this from the old-fashioned writing down a checklist or setting up a spreadsheet…and now there are also a number of apps available to assist you to save.

Quite a lot have emerged in recent years, and each adopt a … Read the full post »

Investment Property: Tax Deductions

Well, we are now six weeks into a new financial year, which means (if you haven’t already) it’s time to think about submitting your tax return.  If you are an investor with a rental property (or properties) there are deductions you can claim for against some of the expenses you incurred during the past financial year.

It is important to note you can only claim deductions for expenses that relate to … Read the full post »

Indoor Plants: Why We Need Them!

There are many benefits to keeping indoor plants, not only do they enhance the overall appearance of a space and add some personality and warmth into a room, but they have many other benefits including making us feel good!

Below are seven benefits of keeping indoor plants:

Reducing stress levels – studies have found that plants in your home or office can make you feel more comfortable and relaxed.
May sharpen … Read the full post »

Buying Your First Investment Property

With interest rates remaining at historic lows and rental yields at historic highs, an increasing number of people are considering becoming ‘first time’ property investors.  With soaring house prices, many people have had a substantial equity-boost, simply by way of the market forces, and this increased equity can be borrowed against to invest in another home.  There is also a growing movement of non-homeowners choosing to invest and buy their … Read the full post »

FOMO – Fear of Missing Out

Many parts of the housing market are experiencing low levels of stock; hence the increased prices we have been experiencing, particularly in key lifestyle areas such as the Sunshine Coast.  So, whilst your own home’s value may be rising, so too is the likely value of any property you will purchase after you sell.

Eventually, more supply will come onto the market and the frenzy will abate somewhat; but until that … Read the full post »

Has My Tenant Abandoned My Property?

If you are a private landlord, managing your rental portfolio yourself, occasionally you may come across a situation of ‘abandonment’; whereby a tenant has unexpectedly vacated your property.

What are the ‘red flags’?

Late rent
Cessation in communication ie no response to emails etc
Unkempt gardens
Overflowing letterbox
Information from neighbours
Direct indication/communication from tenants themselves

What happens now?

It is essential that you follow the correct procedures before changing the locks and … Read the full post »

The Importance of Investing in a Marketing Campaign

In our daily work life as Agents, we often meet with sellers who are totally sold on the idea of selling their home for a premium price, but not sold on the idea of investing in a marketing campaign.  The main reason for this seems to be hesitation at making an investment without the guarantee of a sale.  Now, in a flat market, this can seem like an understandable concern; … Read the full post »

Maintaining Indoor Plants

With downsizing and high-density living a trend that is here to stay, there’s an increasing market for indoor plants; despite garden sizes shrinking, many of us still like to have some greenery in and around our homes, as plants not only enhance ambience and promote calm, but they also produce oxygen (critical for our survival).  Plants are an essential part of any home, and if well maintained boost aesthetic appeal … Read the full post »

Property Terminology 101 – Part II

Following on from last week, here is Property Terminology Part II, aiming to provide a simple and clear definition of property terms you may come across from time to time.

Strata Title: The formal ownership of a property within a strata plan where the property is defined within horizontal and vertical boundaries, and proprietors have joint rights over the land and common areas.

Company Title:  The building and land are owned by … Read the full post »

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