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...