‘Subject to Finance’ Clauses

1 Certificate Of Title

This is a term I hear more frequently used these days. With lender scrutiny at the highest levels I’ve seen since the GFC period, many buyers, bankers and brokers are feeling anxious about potential finance issues. The inclusion of the clause however is often detrimental to the success of the purchase. So when should it be used?…

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Recognising when supply and demand imbalance affects sentiment….

Auction Flag

Market sentiment is a powerful force indeed. Reports in the media of lower auction clearance rates and slight drops on the median price of houses could give any nervous investor reason to be cautious. December figures for our two biggest capital cities certainly caught reader’s attention, but seasonality wasn’t broadly discussed.  And it should have been. In…

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Holiday House Season

Beachhouse

Every January (and without fail) I field questions from new and past clients about my thoughts on their holiday house acquisition ideas. And every year I learn more about why this is such a well-trodden path for so many. The reasons are always emotional and never pragmatic, ever. But when is it OK for emotion to rule?…

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Lessons learnt while travelling….

2018 01 12 19.05.23

Having just returned home from a beautiful family trip to Sri Lanka I am feeling refreshed and excited to take in 2018 and all that it offers. Sri Lanka is a glorious island and the scenery, history, cuisine and culture is superb. As foreign visitors we had an itinerary, pre-purchased tickets, a Guide for some of our days, a…

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2017 in review

RIpon 2

2017 has been a mixed year for the Victorian housing market. With 100% Stamp Duty Concessions on offer for eligible Victorian property first home buyers up to $600K and subsidised Stamp Duty up to $750K purchases, the market has seen a dramatic resurgence of first home buyers since the concessions took effect on 1 July…

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How soon is too soon when it comes to finding a property?

1Broadway1

Property searches can span weeks. Sometimes they can span months. When preparation is not in place or expectations are unreasonable, the search can span years.  But sometimes… when plans are solid, planets align and the property presents itself, the search can take a matter of days. These can be the experiences that are quite stressful…

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It’s OK to ask….

1Grace1

One common mistake buyers often make is assuming that there are set rules that can’t be broken when negotiating for a property. From negotiating a passed-in auction with a finance clause to facilitating a sale that allows them to collect the keys and move in before settlement, there are many twists and turns that can…

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Building a portfolio with equity

Cashflow Diagram

Back in 2012 I met a fabulous young buyer who was keen to build her financial future early. She was unusually pragmatic about the process and we quickly determined that ‘rent-vesting’ could work perfectly for her (buying an investment property in an area that would exhibit the strongest capital growth possible, while the landlord lives…

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