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Tag Archive 'buying'

  The spring property market is fast approaching, and if you are looking to purchase a new home or investment, here are few tips to prepare you for success. The key to a successful home purchase is using research and facts – not emotions – to make the right choice. The process may require patience, […]

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Thinking about buying a property on your own? There are a lot of benefits, primarily that you have complete control over the purchase decision – from which property you buy to how much you pay for it to which loan you take out. However, you will need to save for all associated costs yourself, as […]

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Seen a property you’d like to make yours? Have you been given the Due Diligence Checklist? Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you do buy it. The Due Diligence Checklist aims to help you […]

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Thanks to a strong Melbourne property market at the moment, not a lot of properties are being passed in. In fact many are achieving sale prices well in excess of reserve thanks to vibrant buyer demand. However, if the property you are interested in does happen to pass in at auction, how do you set […]

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Home buyers wishing to get a clear picture of how much they can borrow can benefit from obtaining a home loan pre-approval. A pre-approval is also known as a conditional approval (St George Bank and ANZ), indicative approval, approval in principal (Westpac uses the acronym AIP) or Homeseeker (CBA). Pre-approval is a lender’s assessment of […]

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Many real estate specialists believe that apartments are a better investment than houses. This opinion is based on pure investment terms and if the investor is looking to build a property portfolio. Apartments tend to rent out more easily than houses in most locations, have lower costs and require less upkeep. However, a house may […]

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Clearance Rate History

The Real Estate Institute of Victoria (REIV) began recording auction market data back in 1981. Analysis of that archived data shows that in the last 31 years the average clearance rate at auction has been 66%. The statistics show that the clearance rate for the 1980s was 66%. In that decade there were around 155,000 […]

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Early Buyer Possession

Possession of a home usually changes from seller to buyer at settlement, but in some cases a home buyer asks the seller to grant possession before settlement takes place. A common situation whereby early possession is requested is when the buyer must move from there current home before a loan can be processed. Vendors make […]

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When a house or apartment is advertised for sale by auction it does not mean you have to wait until auction day to buy it. A pre-auction offer to the vendor can be made through the real estate agent who is marketing the property. According to the REIV, 18% of all auction sales this year […]

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  Are you finding it difficult to make sense of the daily bombardment of mixed media messages about the state of the property market? You’re not alone. Yes, the market in 2011 is going through a transition period where some properties are remaining steady, others are rising in value and some are falling. Across the […]

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