Updates

31 MarSelling a property fast: 7 tips on how to make it happen

If you’re thinking about putting your property on the market, check out our tips for selling a house quickly.   Whether you are financially committed to another property, relocating for a new job, or simply want to capitalise on the strong capital growth in your area, sometimes it’s necessary to sell your house or investment property as fast as you can.  Whatever the case may be, selling your property quickly and at the best possible price can only be achieved by making the right preparations.  By planning ahead of time, your property will be ready once it hits the market and can be snapped up by the right buyers.  Here are our top tips to speed things along and sell your property quickly.   Tips to selling your property faster  Work with the right agent  If you want to get your property off your hands quickly, having the right people […]

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29 Mar3 reasons why location matters in real estate

For property investors, growing wealth depends on rental income or capital gains, and these are both anchored on the popularity of a property’s location among tenants and buyers. This is why it’s essential to know what makes the location of a property in demand to your target clients. Based on a recent Raine & Horne article by property management business support manager Maria Milillo, here are three factors to consider when choosing where a property is built: 1. Accessibility A 2017 study by RMIT University revealed that Australian city workers spend an average of 66 minutes on their daily commute.   Spending that much time on the road affects productivity. And this is why Aussies are attracted to residential properties near schools, employment hubs, healthcare facilities, and those with lifestyle amenities. Properties in locations that link all these living essentials in a commuter-friendly system help elevate the quality of life of […]

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28 Feb8 hacks to boost property value without breaking the bank

With record-high property prices all over the country, more and more property owners have been contemplating selling their property. If you’re one of those intending to sell, here are some simple tips to boost your chances of success. Aegean Zhang, sales director of Sydney-based Atlas Real Estate, has recently suggested that if you keep your property up to date, it can generate bigger returns when it’s time to sell. “Even in challenging markets, simple improvements to a property can help you to push up the sale price and generate increased interest from buyers,” Ms Zhang said. And no, home improvements don’t have to cost you an arm and a leg. “Improvements don’t have to be expensive; they just have to emphasise certain features of the property and minimise negative elements. It is all about delivering the right perception for the right market and this can be done through dressing a property,” […]

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21 FebThe seasonal slowdown is already over: Auctions are back for 2022

The property market has had an earlier than usual jumpstart in January 2022. After the traditional seasonal slowdown which comes through Christmas and the New Year,, CoreLogic’s Property Market Indicator Summary for the week ending 23 January 2022 has reported that 448 homes went under the hammer last week across the combined capital cities, a significant rise from the 244 homes sold this time last year. According to CoreLogic research analyst Kaytlin Ezzy, the auction activity resulted in a preliminary auction clearance rate of 68.6 per cent, from 310 results collected thus far. Melbourne emerged as the busiest capital city with 144 homes going under the hammer. Sixty-four per cent of the results obtained thus far have been successful, putting it nearly on par with the December 2021 average final clearance rate of 63.0 per cent. Last year, 127 homes were auctioned during the same week. Sydney saw 79 homes sold this week, which was an improvement from the […]

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30 DecNew home loan rules are here: What you need to know

From 1 November, banks must ensure that new home loan applicants would be able to repay their mortgage at a new rate – so what will this actually mean for would-be buyers? Australian Prudential Regulation Authority’s (APRA) recent rule change has placed the new “stress test” for home loan applicants at 3 per cent – from the previous 2.5 per cent buffer. What this means is that banks must consider whether would-be borrowers will still be able to afford repayments on a loan 3 percentage points above current rates. APRA has stated that this would reduce people’s maximum borrowing capacity by approximately 5 per cent. According to RateCity, the big four banks (CBA, ANZ, Westpac and NAB) have stated that loans with unconditional approval that have not yet settled will still be processed using the old 2.5 per cent serviceability test.  They’ve also indicated that they will continue to assess customers with pre-approval […]

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21 DecFour savvy ways to supercharge commercial investing returns

One of the strongest benefits of investing in commercial property is the ability to add value to the property to increase its worth. This aspect alone is what makes commercial so lucrative and sets it apart from its low-yielding counterpart, residential. If you’re looking to maximise your commercial property returns, here’s four key things to consider: Rent Increases One way to slowly build capital in a commercial property is to simply allow the rent to increase over time. If you are negotiating the lease yourself, this could be an opportunity to add value at a faster rate. Most leases have an annual scheduled increase built into them and as the rent grows, so does your commercial property’s value. There are a few options for annual rent reviews. You can set them to coincide with the CPI (Consumer Price Index), which is the most common approach. A fixed percentage increase is […]

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