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Monthly Archive for August, 2014

Australians love to take a “DIY approach”, and one area in which investment property buyers sometimes think they can save money is by managing their property themselves. “Why pay someone to do what I can do myself?”, is their rationale. But can you? The notion that a property manager’s role basically involves handing out keys, […]

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Melbourne Reigns Supreme

For the fourth year in a row, Melbourne has been voted the world’s most livable city. Outperforming 139 other cities to top the Economist Intelligence Unit’s Global Liveability Survey, Melbourne achieved a perfect score in healthcare, education, sport and infrastructure. With such an enviable lifestyle, it’s not surprising that buyers are eager to purchase Melbourne […]

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With the median house price in Melbourne at a record high $658,000 (REIV, June 2014), including a 16.7% year on year increase, how long will it be before our median reaches the $1million mark? So what kind of home does $1million get you in and around Melbourne at the moment? We looked at the most […]

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Melbourne’s inner industrial suburbs are a great source of funky warehouses – many of which have received stunning makeovers to become residential apartments. Converted warehouses are among the most sought after properties at the moment. Appreciated for their high ceilings and raw character, they are the perfect foundation for a contemporary interior. Large lofty windows […]

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Hands up how many people have looked in their wardrobe recently and thought: “I can’t find anything!” One of the greatest challenges of the modern home is not necessarily having enough storage, it’s having the right storage – storage that is fit for purpose and matches your lifestyle. If you are looking at redesigning your […]

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Young adults are often led to believe that buying property is out of reach these days. However, with a regular income and some careful planning, this myth can almost certainly be debunked. Budgeting Budgeting is an essential life skill. Knowing your incomings vs outgoings allows you to see what can be saved. Most banks offer […]

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Houses offered for private sale are selling faster in popular middle and outer Melbourne suburbs. While attention has been focused on the city’s stronger auction market in 2014, almost 70 per cent of home sales are private sales, REIV Chief Executive Officer Enzo Raimondo said. “While clearance rates indicate how well houses are selling at […]

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Many rental properties owners across the country are benefiting from depreciation claims. But what does this mean exactly? The Australian Taxation Office (ATO) recognises that even though property prices generally rise, the structure and contents of a building lose value over time. It seems counter intuitive but this form of ‘depreciation’ provides a tax break […]

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