Articles


Bank Of Mum and Dad Funding A Third Of First-Homes


JENNIFER DUKE SEP 6, 2017 Originally posted on Domain.com.au One in three first-home buyers are getting financial assistance from their parents to help them get on the property ladder, new research shows. But experts warn this could be fuelling inequality in the housing market and making property prices even more unaffordable.   First-home buyers are increasingly tapping into the bank of Mum and Dad, with 29 per cent being provided help from their family in the form of cash hand outs, rent-free accommodation and guarantor loans, a survey by comparison website Mozo found.   On average, a first-home buyer borrowed more than $64,000 — and 67 per cent of parents were not expecting it to be paid back.     First-home buyers are increasingly relying on mum and dad. Photo: Rob Homer   First-time buyers in NSW were borrowing the most from their parents, followed by Victoria and South Australia, which ranked equally. The ACT ...


8 Signs a Suburb Is About To Surge In Value


Understanding the factors that trigger price growth helps ensure you pick a winning investment at the right time. When it comes to investing in property, capital growth is king. While income helps you hold on to your investments over the long term, it’s capital growth that will have the most impact in the end.   1. The Average Days on Market are Falling If demand exceeds supply, buyers will quickly snap up the available property, so the amount of time a property spends on the market drops, resulting in low average days on market.   2. Level of Discounting Drops If demand is on the rise, vendors are no longer compelled to offer discounts to attract buyers.   3. More properties are Being Auctioned Off Real estate agencies will often sell properties by auction when the demand for property is strong. This allows potential buyers to outbid each other and push prices up for the seller. So a rising number of auctions and high auction clearance rates ma...

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The Importance Of Good Photography When Getting Your Property Rented


When it comes to getting your property rented, Affinity Property Australia know what does and does not work for the modern customer.  In our experience, the most important thing that you can do for your property is have professional photographs taken.    Why?   1. Today’s customer is extremely visual Each prospective renter is spending hours sifting through photos of hundreds of properties on multiple websites.  There are specific things they are looking for namely whether or not it is aesthetically pleasing to them, whether they could see themselves living there and how much effort the renter put into advertising.     2. Your property will be rented much faster Studies show that 9 out of 10 customers are looking for their rental property exclusively online and when they find something they like, they will take action exceptionally fast.  On average, rental listings with professional photographs have the best chance of being leas...


What Are My Legal Rights When Renovating?


By the time clients ask this question, neighborly relations have usually hit a sorry pass. The single best way to avoid expensive disputes is to check local Council rules before you build. Disputes can also often be diffused through direct conversation or the mediation services of the Community Justice Centre. When all else fails, however, the law attempts to protect the rights of both the renovator and the neighbour in a balanced way.   In legal terms, disputes tend to fall into one or more of four categories: dividing fences and boundaries; noise and pollution; land use; and nuisance. Life is rarely so tidy, however. If your neighbours claim that your new floor-to ceiling dining room windows violate their right to privacy, the dispute may involve several different issues.   Fences and Boundaries Generally, adjoining land owners share the cost of building and maintaining a fence. Pre-approval by the Council may be necessary and keep in mind that Council regulations may ...


Tightening Property Investment Yeilds


  The “golden years” of high returns from property investment may be over as yields begin to tighten, according to a recent survey of property fund managers by Atchison Consultants for the Property Funds Association (PFA).   Save one year, the Australian property market has generated a return of 9% to 10% annually since 1997.   Atchison Consultants, which surveyed 27 fund managers and the 66 unlisted property funds they manage, found that returns turned negative for these funds in 2009. Volatility of returns was attributed to the capital return component, which has fluctuated between -12.4% and +11.8% annually.    


Roofing Terminology


Is a roof repair or replacement in your future? If you’re a homeowner, the answer is probably yes.   Whether or not you decide on a metal roof, taking a little time to learn ‘roofing terminology’ can be especially helpful when discussing your current roof issues with a roofing contractor. It will also benefit you with the knowledge when reviewing a roofing quotation.   APEX –  The points where the two slopes of the roof meet at the ridge. The tallest point of the roof. APRON FLASHING –  A one piece flashing, such as is used at the lower side of a chimney that penetrates a sloping roof. BARGE BOARD –  The board covering the roof timbers on the gable or skillion end of a roof, fixed parallel to the roof slope. BATTEN –  A batten is a piece of timber or metal channel installed horizontally on top of the rafters to allow sheet metal to be laid and fastened. BMT –  Base Metal ...

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