Category: Real Estate News and Advice

Your end-of-financial-year property tax checklist

It’s that time of year again when many property managers email their landlords about the rental deductions available as tax time rolls around. COVID-19 may have transformed the market, but little has changed in terms of how the Australian Taxation Office treats investors’ deductions. In New Zealand, there are no capital gains or land taxes,...

Your guide to becoming a landlord

If you have purchased an investment property and intend to become a landlord for the first time, you should conduct research and know your obligations, responsibilities and rights. Landlords are generally derided for their money-making, unresponsive reputation.  But a thorough knowledge of the highlights and potential low points of property leasing is the basis for...

Buyer sentiment downcast amid rosy property outlook

Affordability and supply issues appear to be dampening the mood of Australian homebuyers, according to findings from ME Bank’s latest Quarterly Property Sentiment Report. Conducted in April 2021, the report perceives the overall sentiment of buyers and sellers in the residential property market dipping seven percentage points to 42 per cent in the past three months. This follows record-high...

Homeownership: getting your finances in order

Money truly makes the world go around, and nowhere more so than in real estate. It talks in terms of what and where you can buy, and it speaks volumes about your aspirations and motivations. In the case of first-home buyers, spending power will be the biggest single factor in determining the choice available to...

Buying into leading affordable growth regions

The sea-changer/tree-changer rise is no surprise, but a recent report estimated the combined development value of Australia’s top 10 regional growth areas at more than $15 billion this year — with Greater Geelong, Victoria, representing $7.52 billion in value alone.  This represents a wealth of opportunity for developers, with buyers looking to secure affordable options...

Budget encourages young buyers and single parents and rewards retirees

The Australian Federal Government’s May 2021 budget offers positive signs for first-time buyers in the real estate sector. In terms of a recap and brief overview, the budget makes allowance for an extra 10,000 places to be added to the First Home Loan Deposit Scheme. The scheme enables first-home buyers to purchase a property with...

Virtual reality puts homeownership in the picture

It’s comforting to know that advanced technological aids will never replace the personability, experience and reputation of real estate professionals. But when distance, situation and time are a barrier, virtual reality succeeds in replicating the real-life experience of buying property remotely. Even in uncertain times, this provides buyers with a level of stability and reliability...

Alternative growth areas for real estate investors

Traditional investment areas, such as commercial property and residential developments, are enhanced by opportunities in future growth markets. Research conducted by The Intelligence Lab and Knight Frank uncovered several key trends in global real estate investment that are gathering steam in Australia and New Zealand. These include: Trailer parks Investment in high-end trailer parks gathered...

Strata inspection reports – the inside knowledge

“Buyer beware” is one of the most commonly used phrases in property, and it’s just as important to heed if you’re considering purchasing an apartment or villa unit as it is for houses. That’s where a strata inspection report – otherwise known as a strata search or Owners Corporation Records Inspection – can prove invaluable...

Buying off the plan: positives and checkpoints

On paper, buying a property off the plan can be an extremely profitable experience. However, as with any new acquisition, particularly when sight unseen, an internal radar and thorough research are required.  Mostly offered in new and refurbished apartment and townhouse projects, off-the-plan developments reward forward-thinking buyers with considerable stamp duty concessions (the earlier you...