What is a property valuation?
A property valuation is the process of acquiring information involving the construction and physical characteristics of the property, the size and any issues that may be involved. Data collated from comparative sales within the area also considered when determining the value of the property.
This is completed to determine the value of …Read More
Off the plan (OTP) is simply signing a contract for a property that is yet to be built. The design of the property in the form of building plans can be observed however the physical property cannot. There are many factors when determining if purchasing OTP property fits your current needs and future plans.
The most …Read More
If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of friends may be a solution to consider. It can also be a minefield though, so here’s how to avoid a blast.
While the excitement of banding together in such a …Read More
The decision to renovate is a common sticking point for homeowners, who can spend hours weighing up the cost benefits. Whether your motivation is to add value to your property or to add a touch of your personality to the home, renovations are expensive and debt often follows. It is important to find the right …Read More
Buying property isn’t just the purchasing price, a number of hidden costs are associated. So don’t forget to account for these extra costs in your considerations. In addition to the cost of moving, a change in council rates, strata fees, the cost of any renovations and furniture, homebuyers face additional fees to complete the purchase …Read More
Rising house prices are making it increasingly difficult for the next generation to enter the market. An increasingly common way for parents to assist their children to enter the market is via a guarantor loan. Although there are significant benefits of this loan structure, it is important to understand how this can impact the parents’ …Read More
Buying your dream home is one of the biggest and most exciting purchases you are ever likely to make. As house prices continue to grow, saving the necessary deposit is becoming harder and harder. You’d be surprised what a little Spring Clean can do to your savings over time.
Budgeting sucks, but neglecting to understand your outgoings …Read More
Buying through co-ownership is quickly becoming a popular strategy for those hoping to enter the property market but without the capacity to do it alone. Through pooling resources with a friend or family member you can increase your buying power and enter the market sooner.
There are a number of other benefits to entering the market …Read More
Should Lenders Mortgage Insurance (LMI) be seen as an additional hurdle to enter the market or as an opportunity to enter the market sooner?
First things first, lets outline exactly what LMI is. This is an insurance policy taken out by the banks that protects them should you be unable to repay your loan. If you are trying …Read More