How to be Your own Property Manager
Many people manage their own investment properties. Unlike conveyancing, which requires more specialist knowledge, it’s possible to manage your own investment property as long as you keep aware of your responsibilities and the tenant rights.
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Six Essential Strategies for Choosing Investment Property
Along with shares, property ranks highly as an investment vehicle among people of all ages in Australia. While every property is unique and there are no simple rules that will guarantee high returns, these six key aspects are regularly used by anyone investing in property, from professional property investors to those who are just getting started in property investing.
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Five Essential Tips for Buying into Strata Schemes
Strata schemes are buildings or a lot of buildings where the owners have title over individual parts of the building but also collective own common property. Examples of strata schemes are apartment blocks, units, and townhouses where there are common areas. The key difference in buying into a strata scheme is that every owner will be impacted by the activities of other owners, so there are collective responsibilities and individual obligations.
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Do You Need a Pre-Purchase Property Inspection?
Before you finalise the sales contract and start looking for a conveyancing service, it’s a good idea to obtain a pre-purchase property inspection if you have any doubts about the property you’re going to buy.
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Mortgage Insurance Explained
What’s commonly known as mortgage insurance is probably more accurately known as lenders mortgage insurance. Lenders mortgage insurance is so named because it protects the lender in the event of a default on mortgage payments by a borrower. This is contrary to the popular belief that mortgage insurance covers the borrower and not the lender. If you have any doubts about any of the costs associated with buying property, you should speak to a conveyancing professional.
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Advantages and Disadvantages of Buying Off The Plan
Buying off the plan means you agree to purchase a property before it has been subdivided and built, basing your decision on the plans that the vendor has presented to you. Technically, the property doesn’t exist at the time of formalising the contract and the subdivision may not yet have been approved. Buying off the plan (‘OTP’) comes with a number of advantages. Due to the long term nature of most OTP purchases, it’s advisable to speak with a conveyancing professional before you make a decision.
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Four Tips for Finding Your Dream Property
Thousands of properties are bought and sold around Australia every week. While the diversity in the property market is a positive thing for investors and home owners looking for choice, it can be overwhelming for purchasers who haven’t narrowed down their requirements for their dream property. Here, we’ve put together an indispensible list of tips for finding your dream property.
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Five Strategies for Structuring Investment Property
Buying a second property can be one of the best investment decisions you’ve ever made. There are a variety of different ways you can structure your property to obtain maximum benefit from your investment, though intending investors should obtain the advice of lawyers, financial advisers and conveyancing professionals if they have any doubts about any stage of the purchase process.
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Five Steps to Buying Property
From conveyancing to finding the right lender, the process of buying property is complicated and subject to stringent regulatory requirements. Here, we’ve identified the key steps from borrowing to finalising the sale and highlighted the main issues for those intending to purchase an property.
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Cost Checklist for Your Property Purchases
Australians have a well documented love affair with property, whether for home ownership or investment purposes. Those familiar with buying property will know that certain costs are associated with property sales. These range from conveyancing fees to stamp duty and mortgage registration fees. Here are some of the most common fees and costs associated with a property purchase.
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