Posts Tagged ‘Buying’

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 »

Property Terminology 101

As property professionals we regularly use specific terminology in our communications, often without spelling out what these terms mean, coming from a place of assumption that people just ‘know’.   However, feedback indicates this is not always the case, so over the next two newsletters we have outlined a simple breakdown of some of the most common terms used in the context of real estate.

Appraisal:  An estimate of a property’s market … Read the full post »

Property Goals 2021

Happy New Year to you and your family; we hope it will bring you and your loved one’s happiness, health, and prosperity after what was a challenging 2020 for many.

At this time of year many of us reflect on our goals for the year and make resolutions, often revolving around health, amongst other things; but what about your property goals?  Have you made any?

Below is a check list you might … Read the full post »

HomeBuilder Scheme Extended

On Sunday November 29, the Federal Government announced the extension of the HomeBuilder program from January 1, 2021 to March 31, 2021.

HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant to build a new home or substantially renovate an existing home. HomeBuilder assists the residential construction sector by encouraging the commencement of new home builds and renovations.

Changes to the HomeBuilder program include:

A $15,000 grant for building contracts … Read the full post »

Buoyant Property Market

The local and national media has been recently reporting about the buoyancy of regional property markets amidst the COVID19 pandemic, highlighting the Sunshine Coast as one of the most popular markets, particularly for buyers from Sydney and Melbourne.

This month the Australian Bureau of Statistics reported a significant shift of people moving from capital cities to the regions including a net loss of 14,000 in Sydney in the first half of … Read the full post »

Just 5 Weeks Until Christmas EVE!

Yes, everyone with just five weeks until Christmas, you can officially start getting excited…have you put your tree up yet?  What about the Christmas lights?  Or are you going to be more low-key this year?  However, you are going to celebrate it – we are sure you are starting in some way to prepare – and so are we.

One of the ways we are preparing is to remind our clients … Read the full post »

Timing is Critical: The Window of Opportunity

There has been a significant amount of commentary around the Australian property market in 2020 in the context of COVID19, and many attempts to predict what’s around the corner in 2021.  One thing that is clear is that many of the dire predictions about the Australian property market falling off a cliff, just have not come to fruition.  Despite coronavirus lockdowns, recession, and rising unemployment – our property market has … Read the full post »

Market Sentiment QLD

The Queensland real estate industry body, the REIQ, have been carefully monitoring not only the state property market in the wake of the COVID19 global pandemic, but also consumer sentiment across Queensland regarding consumer confidence in recovery and general outlook.

Whilst there is evidence property prices have dropped nationally by 2%; Queensland has fared somewhat better overall with a 0.3% drop, and the Sunshine Coast, very much a lifestyle-driven regional market, … Read the full post »

Buying an Investment Property at Auction

When looking for a property to commence or add to your investment portfolio, are you put off by Auction properties?  What are the benefits and challenges? Certainly, compared to private treaty sales, you are bidding against other potential buyers, with the winner the highest bidder; this competitive environment sometimes creates fear in investors of overpaying.  How do you avoid this?  Below are some tips to help you navigate the auction … Read the full post »

New or Old?

When it comes time to consider investing in property, many discussions arise around the question of the benefits of purchasing new, as opposed to old.  Which is better, particularly from a depreciation point of view? Whilst there is no black or white answer, generally if you are focused on capital allowance deductions then new is the way to go.

Why new?  What are the benefits?

The main benefit of buying a new … Read the full post »

Demand for Lifestyle Regions on the UP!

The media is flooded with stories, mostly negative, about the Covid19 virus and its impact on the national economy – particularly focused on employment, business confidence, and diminishing international migration so critical to growing our economy, particularly in the property development sector.

However, amidst all this doom and gloom, there have been some interesting and quite positive trends emerging that are really starting to gain traction and the attention of industry … Read the full post »

First Time Property Investors: Tips for Rookies – Part II

Last week we spoke about four key factors to consider when purchasing an investment property: capital growth, cash flow, tax benefits, and accelerated growth.    This week we will talk about location and professional advice.

Location

You are all familiar with the real estate mantra ‘location, location, location’.  Location is a key factor that can make or break a property investment.

Question: How do you get it right?

Answer:  Research.

You need to find out about … Read the full post »

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