Buying Property Advice and tips when buying or investing in property

Melbourne’s Ever Expanding Million-Dollar Club

Melbourne’s Ever Expanding Million-Dollar Club

When house hunting, many buyers are making decisions based on proximity to schools, universities, shops and restaurants, public transportation and/or freeways.  Many would think these are just basic requirements for a suburb when purchasing a property.  In recent years, the median value of house prices has soared. Ten years ago, there were only five Melbourne suburbs with a median house price...

Read More

Stamp Duty Abolished For First Home Buyers

Stamp Duty Abolished For First Home Buyers

Seasonality plays an important role in the housing market as well as changes in Government policy. The Victorian Government has announced that stamp duty will be abolished for first-home buyers (FHB’s) purchasing a home below $600,000 for any contracts entered into from 1 July 2017. The exemption will apply to all residential property types, including homes, townhouses and apartments for...

Read More

New Standards In Apartments

New Standards In Apartments

New design standards for apartments came into effect in March 2017 and will be implemented in all planning schemes in Victoria. The purpose of the standards is to greatly improve the amenity and liveability of new apartments, providing clear guidelines in the following areas: Building setback Natural ventilation Functional layout Private open space Room depth Communal open...

Read More

Home Checklist

Home Checklist

So, you’ve found your dream home but before you commit your hard-earned cash to this property, you need to be really sure you know what you’re buying.  Inspecting a house takes time, careful scrutiny and sound building knowledge. We’ve prepared a home checklist to show you what needs to be considered with any property. If you’re not sure about what you’re finding, seek some...

Read More

What If You Don’t Win At Auction?

What If You Don’t Win At Auction?

If you’ve ever been involved in an auction, you’ll know how tense it can be, particularly if you are one of the people bidding. Even if you’re just a casual observer on the day, you can feel on your guard – any sudden movements and you could find yourself an unwitting homeowner! Private treaty sales account for the vast majority of all home sales but auctions are an...

Read More

Disclosing Information About A Property: Do Your Research

Disclosing Information About A Property: Do Your Research

If walls could talk, I’m sure they would have some very fascinating information to share. Does your home have an interesting past, filled with stories of crime scenes, murder, tragic accidents and/or gruesome events? These types of homes have the potential to attract a lot of media attention and public curiosity but they can also deter a prospective buyer. Subsequently, a murder can have a...

Read More

How To Select A Property Inspector

How To Select A Property Inspector

A building inspection is a simple and essential step that shouldn’t be overlooked when buying property. However, you may be unaware that the building inspection industry is not regulated in Victoria so it’s important to choose a registered builder who is insured and has on-the-job experience in the industry. You will need someone who can identify those faults or potential problems...

Read More