Real Estate News


Sell or buy first? Which option is right for you?


It’s the ultimate dilemma for any home owner planning to move on to a new property – do I sell or buy first? You don’t want to sell unless you have somewhere else to live, but you don’t want to buy unless you have the money from the original home. Whichever way you go, there will be some stress involved, so it’s important to look at the pros and cons of each option to decide which is the most suitable and practical for your circumstances.Questions to considerYour decision should be based on your current equity situation and how fast you can sell your current home. In a “hot” market, a “hot” property is sure to sell fast – but don’t assume that your property will attract an immediate buyer. Do your research so you have a realistic idea of the potential selling time. The other factor to consider is how long it will take you to find your next home. You don’t want to be left homeless and in limbo while you search for t...


Why Invest in a Holiday Accommodation Business?


There are many reasons why people decide to set up and rent out their investment property as a holiday accommodation business. It could be a means of paying the mortgage on a retirement home prior to retiring. It also could be a way to provide economic stability when the property market is in a lull, turning a burden into an asset and maintaining your property until you’re ready to sell. Or it could just be an investment and an external source of income for you and your family.The main difference between renting to holidaymakers rather than long-term residents is you exclusively have control over market costs and vacancies. Plus, at the end of the day it’s still your home. You can’t kick your tenants out for the long weekend, but you can make sure no one books it. Your presentation and location will determine your peak periods, which can all be priced at your discretion.  And if you suddenly decide to sell, you have a property ready to market that is beautifully ...


For an on-trend Christmas tree, flip it upside down


No, the internet is not in on some Christmas-themed Stranger Things joke, and we’re not in the upside down – inverting your Christmas tree is a legitimate trend this year. If you’re not sure how you feel about it, you’re not alone. But one thing’s for certain, 2017 has been a weird one and this trend is a twinkling metaphor for the year gone by.  According to The Spruce, this is no new trend: it began in the Middle Ages when Europeans turned their firs upside down to represent the holy trinity.  Since then, tips have pointed towards the heavens, so some find the inverted trees sacrilegious or disrespectful.  The trees have been a major hit with retailers and hotels this year, and it makes sense; flipping the display means there is more floor space for other items, while making a design statement.  Our verdict? The trend works in large spaces where the tree is being used to create impact and intrigue. In San Francisco&rs...


Weighing up turning your home into an investment property


Turning a home into an investment property should be a financial decision, rather than an emotional one. When your situation changes – whether it be relocating interstate for work or moving in with a partner – there are some things consider: Is it emotional? There are a number of considerations for home owners thinking about turning their principal place of residence into an investment. There are a number of considerations for home owners thinking about turning their principal place of residence into an investment. Wakelin Property Advisory director Richard Wakelin believes people often have a strong attachment to their first home. He says keeping the home is also often seen as a safety blanket for when the new move does not work out, and some people may look to eventually downsize there. From a financial perspective, Mr Wakelin says the family home – or the first property – usually has a lot of equity because of capital growth and debt reduction. Melbou...


9 New Year's resolutions for your home


How your home looks and feels can have a huge impact on your overall health and happiness. Try these tips when setting your goals for the new year to kick off 2018 with a positive mindset and a space you’ll love to spend time in.1. Get – and stay – organisedThere’s no better time to declutter and get your home in order, creating a calm and welcoming environment to kick off the new year. To avoid feeling overwhelmed, break up your cleaning into small tasks and tackle them room by room. Make a list and put a time limit on each area, focusing on effective storage. Eliminate clutter ‘hotspots’ such as a hall stand or side table where mess can easily accumulate. Pack clothes away and keep decor minimal and fuss-free, especially where you sleep – studies have shown that the stress caused by clutter in the bedroom contributes to poor snoozing.2. Express yourself through decoratingWhile there’s nothing wrong with incorporating the latest interio...


Seven rules for co-owning a holiday house


WHILE buying a shared holiday house can require a fair amount of research, it is often an excellent way for a families to get into the property market. But you’ll need to set down some ground rules from the get-go, or things can go pear shaped, even for the closest of clans. Not only is it cheaper to buy and secure the property when you’re co-owning, but you’ve also got a permanent holiday destination, saving thousands on accommodation bills each year. There is the small factor of the mortgage that will need paying off, but in a group the repayments will obviously be much lower. Or you may even find yourselves in a position where together, you can buy the property outright. If so, you’re a very lucky bunch indeed, and you should go and buy that dream holiday house right now.However as with all family affairs, there will be some problematic elements to sharing a holiday house. In order for the group to co-own in harmony, it’s essential for some s...