New data showing a sharp increase in building approvals for apartments is an early indication that market confidence is returning. And it also suggests apartment owners planning to upgrade may want to make their move in the medium term. A jump of 56.6% in building approvals for units was registered by the Australian Bureau of…
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One of the joys of buying property is the opportunity to meet new people and discover the treasures of your brand new neighborhood. This can be great fun if you’ve just moved into an urban area where there are almost endless chances to discover new cafes, bars and restaurants. With many prospective buyers looking to…
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Older apartments are attracting a lot of buyer attention in our area because they can be genuine treasures in the rough. The trade-off is that sometimes you have to deal with floorplans, fittings and design quirks that architects dropped 20-plus years ago. As an experienced local agent, I find it fascinating to compare the beautiful…
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Like any property purchase, it’s essential you do the math before you buy an apartment or condo so you’re certain you can afford the mortgage repayments and additional strata costs. The body corporate fees – also called levies – are a mandatory part of strata living and a major consideration when purchasing an apartment. Every…
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The property market’s current strength is encouraging many owners of apartments to consider maximizing the value of their home by putting it on the market now. With values continuing to rise on the back of economic optimism, low interest rates and pent-up buyer demand, there has rarely been a better time to test the market.…
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After the peace and quiet of suburbia or the countryside, the hum of the city can be exciting and full of surprises. As an agent with experience selling urban property, I can confidently say that I have clients who’d never dream of moving from the city. Its pulsating energy just can’t be replaced by the…
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A trait of a booming market is the desire of buyers to find a bargain by seeking our properties that need remodelling or redevelopment. It’s a great way into the market for investors, property developers and, in some circumstances, first-time buyers. But unless you’ve spent time researching your target property, your prospective purchase might prove…
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Purchasing a rundown apartment is a great way to break into the property market, especially when we’re in the middle of a strongly performing market. But before you race out to find somewhere in desperate need of TLC, stop and do some research about local prices and buyer trends in our neighborhood. As an experienced…
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A common question about apartments and condos from buyers and investors at the luxury end of the market focuses on which amenities in a complex are the most popular. This is an important issue because the best property investments are those that meet buyer needs. At the top end of the market, buyers are seeking…
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If you’re looking for a city apartment right now, you’re probably seeing similar styles of property and wondering how to decide which one is the best for you. This can be daunting, but the answer is often found by selecting your favorite location. The best medium to long-term investments for residential apartments in urban areas…
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