Real Estate News


7 home improvement projects to tackle these summer holidays


Summer is here and with it comes longer days, shorter nights and, hopefully, some time off work to relax and unwind. Asides all the relaxing and long days by the pool, the summer holidays are a great time to tackle that never-ending home maintenance ‘to do’ list.Whether it’s an item leftover from your spring cleaning list, like cleaning out your wardrobe or pantry, or finally completing a larger renovation project, summer is the perfect time to achieve these jobs.Read on for our top seven home improvement projects to tackle these summer holidays. Make the most of your outdoors.One area that always comes to mind when thinking about summer and unwinding is the great outdoors! With the warmer weather and longer days, it’s the perfect time to maximize the use of your garden, or even your balcony.Before you begin, sit down and think of your dream garden features. Maybe you’ve always wanted a water feature like a swimming pool, babbling pond or even an ...


The five most common property investment mistakes and how to avoid them


When it comes to buying an investment property, experts agree that the key is be informed. But it’s just as important to do your own research.1. Poor financial structuresThis includes investors taking interest-only loans without a safety buffer or borrowing the maximum amount to get into the market, which Ms Mays described as “financial suicide”.Less commonly, she saw people buying assets in the wrong entity, such as using their personal name instead of a trust. “It’s people setting up financial structures that are not congruent to their personal circumstances,” she explained.One recent issue was cross-securitisation: that is, banks taking security across all an investor’s assets.“They have five properties tied up with the same lender, and they can’t sell without the bank’s permission,” she said. “Investors should use different lenders for different properties, to keep things as separate as possible.”She sugg...


Embracing the three P's of Real Estate


The trusted and respected Elite Agent Magazine says that it is crucial to get the Three P's of Real Estate right when selling your property.  These are Price, Promotion and Presentation.Your sales agent is an expert in price and promotion and they can advise you on comparable sales in your area and market conditions to get the price right.  Using their market knowledge, skills and resources they will also undertake a targeted sales campaign to promote your property to the right buyers through a variety of different mediums - online, print media, inspections and using their existing database of buyers.Presentation of your property however is up to you.  First impressions count and in a crowded property market it is imperative that you present your property in a way that will attract buyers, give you a point of difference and help you stand out from the crowd.Professional property styling can help you:- Attract & Captivate Buyers Instantly - Enjoy Stress Free Selling -...


5 ultimate value-adds when renovating your home


Are you looking to unleash the potential of your home? Knowing which renovations to invest in for the best return can be one way to work your way up the property ladder. Whether you’re a homeowner looking to make a good profit or a first-time investor, choosing the right renovations to add value and impact is essential if you plan on selling.Not all renovations are guaranteed to provide you with a tidy profit though. There’s nothing worse than pouring your time, money and energy into a property makeover that doesn’t improve your home's value or rental income. Smart renovations will improve functional space and visual appeal. Here are a few value-adds to get your reno plans started.1. Add more space Homeowners, renters, buyers and investors all crave the feeling of spaciousness. Extending the living area and kitchen to create more internal living space is a big-ticket item when it comes to resale value. Knock out a non-structural wall and establish a sense of flow bet...


Granny flats are becoming popular investments


Data collected by BMT Tax Depreciation, Australia’s leading tax depreciation specialist, indicates that in the 2016-2017 financial year there was a 22 per cent growth in the number of schedules requested for granny flats nationwide. Of the states Queensland, Western Australia and New South Wales saw the highest growth in the number of depreciation schedules requested for this type of property. “Key growth areas in New South Wales which stood out in terms of the number of depreciation schedules requested during 2016-2017 when compared with the previous financial year included the Central Coast with a 105 per cent increase, Wollongong with a 150 per cent increase and the Blue Mountains with a 150 per cent increase,” Mr Beer said. “In Queensland South East Brisbane saw a 275 per cent increase, Caloundra a 400 per cent increase and Cairns a 150 per cent increase in schedules requested for granny flats during 2016-2017 while Greater Perth and Mundaring in Western ...


A beginners guide to composting


If your Christmas was anything like mine, you would have found that your bins were full to the brim of excessive waste. While my reliable dog managed to take care of most of the leftovers, there was still quite a bit of rubbish to deal with at the end of our feast. In the past, I tended to take more of a generic approach to my New Year’s resolutions – ‘this year I will be more care-free’ or ‘I vow to eat less cheese and chocolate’ (which has yet to be achieved). However, this year I decided to take a new direction. To kickstart my New Year resolution, I have vowed to live a greener lifestyle, starting with a compost heap to help reduce the amount of waste at home. Trouble is, I’m terrified of the mess and up until two weeks ago, I had no idea where to start.If anyone is as daunted as I was by the prospect, fear not. Having done my research, it’s definitely not as hard (or gross) as it seems, and with the help of Tom Remfry of the award-wi...