3 reasons why you should build a granny flat
A granny flat, or secondary dwelling, is a self-contained accommodation within, attached or separate to an individual home. Like the name suggests, this type of accommodation was originally designed for an older loved one to live independently, but close to relatives in case they need support, while at the same time, giving both parties their.
How to plan your property sale in 3 easy steps
Spring, the traditional time for moving, is just a month away, and there are plenty of reasons why many favour this month for putting their property on the market. With the warmer weather and brighter days, everyone is feeling more energised; in our experience, buyers are much more inclined to go to an open house.
How to make yourself more attractive to lenders
If a friend asks you to lend them $50, you probably won’t be too fussed as to when they pay you back, but if they ask for substantially more, you may be a little more cautious and ask a few more questions about the repayment before putting your hand in your pocket. Financial lending institutions.
What to consider when downsizing
Upgrading may not necessarily mean moving to a bigger house. Downsizing is often associated with retirement or empty nesters, but downsizing has a number of benefits for whatever stage in life you’re at, and can help homeowners achieve lifestyle or financial goals. Downsizing shouldn’t be an impulsive decision, and certainly shouldn’t be done on a.
Which is best – new or old?
Whether you’re looking at buying a property for an investment or for a home, we’re often asked what type of property is best – and older, existing one, or a brand new or relatively new property? Well, like everything in property, it depends! If you’re looking for a home, one factor will be your.
New stamp duty policy for first time home buyers
We recently reported on the potential changes to stamp duty for first time home buyers, which would see significant increases to the threshold. These came into play on Saturday 1 July, with the threshold for stamp duty exemptions increasing from $650,000 to $800,000 and the threshold for stamp duty concessions rising from $800,000 to $1.
Three home renovations that add value
According to a recent survey, we are a nation who loves home renovation! Compare Market Australia’s latest research found that Australia had the third-highest search volume for renovation terms, with an overall search term volume of 55.32 searches per month per 100,000 people. New Zealand come in first, followed by Singapore. When renovating a home,.
The difference between growing wealth and making money
We all want to make money, and we all want to grow wealth, but there is a difference between the two. When the rental income is more than the outgoing costs to run an investment property, then obviously, the investor is making money, and there are some property investors who generate a good passive income.