Growth in investors’ rental income has surged this year with the national median weekly rent hitting $627 nationwide. And it’s not just the big cities feeling the heat – average costs range from $770 a week in Sydney to $547 in Hobart. With a housing shortage and a strong immigration flow, these rent rises are…
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With rents on the rise and vacancy rates extremely low, renting with roommates has rarely looked so attractive. At the same time, caution is needed, especially when renting with others. Negotiations to create a cohabitation deal are crucial, and you’ll need to be prepared to make compromises. Firstly, splitting the rent with roommates should be…
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Inheriting a property can be a special, emotional gift to some people, while others will consider it simply a procurement of bricks and mortar. Either way, property inheritance or succession requires the inheritor, or beneficiary, to consider issues such as tax implications and government regulations. The Australian Taxation Office (ATO) says that while there are…
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Fixer-upper homes can be tempting for buyers daunted by current property prices. Significant value can be achieved by renovating these types of properties and then flipping them to an eager market. There was good news for renovators this month with a new report showing that construction costs and materials are starting to level out after…
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Buying property at auction is very different to that of a private sale with the latter usually a less stressful process. However, sales agents and vendors generally prefer auction sales as they can drive the property price higher and faster. Buyers may also prefer auctions as they can see the competition around them and get…
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Australian dwelling values increased a further 0.7% in June, taking growth to 8% across the financial year ending June 30. The CoreLogic data suggests the median average value increase for every Australian property was $59,000. The average price of a home – any residence, be it a house, apartment or duplex – is now $794,000.…
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The spring sales season for real estate is just around the corner, and owners looking to capitalise on the strong market sentiment should have their preparations in full swing. As experienced agents, we think you’ll feel the good vibes of the market in the spring air, with the market enjoying an overall 8% growth in…
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Keen observers of real estate often use trends in home loan applications as a predictor for the short-term performance of property prices. New data from the Australian Bureau of Statistics for May indicates Australia is having a strong winter ahead of an anticipated busy spring selling season. Significantly, the data illustrates that while there may…
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With values rising across many key markets, anyone who has harboured ambitions of creating their own property investment portfolio should consider whether there’s an opportunity to make their move in the short term. A recent analysis from the industry researcher CoreLogic found 43% of suburbs nationwide now have values at all-time highs. When you combine…
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After the prolonged cold weather that many of us have endured this winter, it’s probably hard to think about the onset of spring and the opportunities the warmer days will give us to rejuvenate our gardens. Yet, spring is just a few weeks away. Our gardens will start to burst into life, and so will…
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