Statement by Philip Lowe, Governor: Monetary Policy Decision
When buying a home or an investment property, it can be very easy to get caught up on everything you love about a home or unit and forget to look at some of the potential issues. In many cases, some of the major problems are not always obvious, and it’s important to get an idea of what you need to look out for before you begin searching.
Investing in holiday homes can be a successful property investment strategy and have the dual benefit of providing you a lifestyle investment too if you use the property yourself. So here is a list of the pros and cons that you need to consider before you take the plunge and pursue this strategy.
There is no way to guarantee that the property you buy will increase in value, but in order to increase your chances, you need to carry out detailed research on the property you are interested in and the suburb it resides in.
Distressed properties can provide an excellent source of instant equity, through the purchase of a property at a price below the deemed market value.
Subdividing a property is an efficient way of boosting your rental income and creating equity. This strategy also provides owners with options such as selling, holding or a combination of the two. To help you find a property with the opportunity to be subdivided, we have compiled a list of Australia's suburbs with the highest amount of subdivision properties. This infographic shows the percentage of total distressed listings on the market by dwelling type and number of bedrooms.
Properties which have a positive cash flow are a great benefit to investors as they can assist in creating an extra source of income (pre-tax). These properties cover the costs of holding and maintenance, and allow the extra rent paid to become additional income for you to enjoy.
Renovating a property is an excellent way to increase its market value, it creates the opportunity to improve both cash flow and capital growth for the owner. Finding the right property that is ripe and ready for renovation can be a difficult first step on a renovating journey. To help your search, we have compiled a list of Australia's best renovation suburbs. This infographic shows the percentage of total renovation listings on the market by dwelling type and number of bedrooms.
House prices across the country have increased by 16.1% over the past 12 months, making it the strongest property market we’ve seen since 2004.
Understanding the level of vendor discounting in an area is important as it can help you determine the level of demand for property in the area.
When the time comes to sell your property, most vendors are hoping to achieve the very best price. While some sellers might be looking for a quick sale for any number of reasons, if you’re wanting to maximise the sale price, the most effective way to do it is often by taking your property to auction. There are a number of benefits to auctioning your property:
Australian house prices officially grew by 13.5% over the past 12 months, making it the biggest annual gain we’ve seen since 2004.
When it comes to investing in real estate, there are a number of tough decisions which need to be made. Like all decisions, each option will come with its own advantages and disadvantages. One of the biggest decisions you will make as an investor, is choosing whether the type of property you want to invest in: a house, or a unit, or perhaps even a townhouse.
Investing in property is a great way to build wealth. However, there can be some drawbacks when getting started as both money and the ability to borrow are needed.
While some make it look easy, getting into the property market can be an incredibly daunting task. To remind you of the benefits of purchasing real estate, and get you feeling excited about your potential purchase, we have compiled a list of inspiring quotes from some of the best in the business...