Buying and selling a home at the same time

Board That Plane

When it comes to moving into the next home, most buyers are faced with the prospect of selling their existing home in order to make the move. Gone are the days of easy access to bridging finance, and buyers often ask us; “How do we do this?” In a stable market, the process is relatively…

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When should a covenant stop you purchasing?

#covenant

Many properties have covenants on their title and this can be a positive, negative or moot point depending on the buyer’s intentions for the property and their understanding of the restriction that the covenant places upon the property. What is a covenant?   It’s a restriction on the property and can range from affecting the…

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One of the worst reasons to buy an investment property

#141stephenst

Every week, without fail I speak to prospective investors who wish to purchase investment properties with high depreciation benefits. Likewise we get targeted by marketing groups offering lucrative commissions for their brand new, Off-The-Plan stock. Explaining why we don’t target brand new comes as a shock to some, but the reason is simple. When depreciation…

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When is the best time to renovate?

When renovating your home, your personal situation and preferences will typically be the drivers for your decisions. In contrast, renovating your investment property needs to be considered as a business decision. The extent and timing of your renovation will depend on a host of factors, and your own tastes should be the last thing to…

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The correlation between property scarcity and auction result

#penthouse

This weekend’s clearance rate dipped to the lowest point so far for this year, yet two of the auctions we bid at flew past reserve and had multiple bidders striving for the keys. What was it about these two properties that defied current market conditions? Scarcity. But this late spring market, plagued by finance delays…

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