The Federal budget 2023-24 – what it means for property
With the Federal Budget 2023-24 aiming to help Australians with the cost-of-living and easing pressure on low-income earners, here are some of the announcements affecting property investors, renters, and social housing. Increase in rent assistance The Commonwealth Rent Assistance’s (CRA) rates increase of 15% will benefit around 1.1 million households. Support for build-to-rent projects To.
Home Guarantee Scheme expanded
From 1 July this year, more Australians looking to buy their first home will benefit from the expanded eligibility criteria for all elements of the Home Guarantee Scheme. What is the Home Guarantee Scheme (HGS)? The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to purchase a home sooner..
How the proposed new anti-laundering legislation would affect property sellers
As well as highlighting new trends and practices in buying, selling, renting, strata and asset management, our service to home owners and property investors includes informing you about opportunities to give feedback on issues which could affect you. Towards the end of last month, the Attorney-General’s Department announced a public consultation on the proposed reforms.
Should I put investing in property on hold?
With the Reserve Bank of Australia (RBA) opting to raise the cash rate by 25 basis points to 3.85 per cent, and financial institutions tightening up on lending criteria, some may be wondering whether to put their property investment plans on hold. But let’s not look at this current cycle entirely through the economic lens….
8 reasons to use an agent to sell your home
Everyone selling a property wants to maximise their profit from their asset, but while it can be tempting to save on the cost of an agent and do it yourself, the savings on the agency fees might not necessarily equate to the best outcome of what could have been achieved. Here are 8 reasons why.
8 essential tips for property investors
Investing in property is exciting, especially for new investors. Like every financial venture, there are a few things you need to consider. Here are 8 tips to help set yourself up as an expert landlord from day one – and they will serve as a reminder for long-term landlords too. Know the Law From smoke.
How to stage your house for sale
Once you’ve made that decision to sell, in order to achieve the best sales price, you need to create a warm and welcoming environment. At the same time, the house needs to be a home, not a showroom; buyers want to buy into the dream of a new home and a new life, so look.
3 things you need to know when buying a tenanted property
While buying a property with a tenant in place may not be ideal if you are thinking of residing in the property, it may have some advantages if you are buying the property for investment purposes. For starters, you have a guaranteed income the moment you exchange, so you won’t be spending time or money.