The Land Market Of Melbourne

Melbourne at night

Melbourne at night

You might have plans of moving to Melbourne or know someone who is eager to buy a home there because it is considered a very liveable city. In the recent years, however, the spike in home prices leaves people wondering if the cost is still worth it.

On Considering Middle-Class Incomes

Following a prosperous economical standing and a strong population growth, the demand for homes in Melbourne saw a huge increase in land prices. In 2016, there were around 22,700 lots released in Melbourne’s Greenfield market, breaking records with a 14.5% increase from the previous year.

To combat the price hikes, both the local government and the development industry worked to maintain the affordability of lands for sale in Melbourne. During the ninth annual State of the Land Report at the 2017 National Congress, the two sectors decided on a reduction of lot sizes to give more people opportunities to purchase homes. Without the reduction, remarked the Urban Development Institute of Australia (UDIA), the median lot price would have still been as high as $248,000, which is a prohibitive amount for many middle-class families.

Living Standards in Melbourne

The growing demand for homes comes as no surprise. Besides being dubbed the “New York of Australia”, there is more to Melbourne than its comparisons to the Big Apple. Having won the title of the most liveable city in the world three years in a row, the city definitely has its unique charms going for it.

In the city, public health care and schooling are extremely accessible. Numbeo also gives Melbourne positive ratings in terms of purchasing power, the traffic and commute, as well as the safety index of the city. Furthermore, the city was recently commended for its abundant greenery and excellent sustainability solutions. These may not have been the biggest factors for the high demand for homes but they are undeniably attractive qualities that may urge potential homeowners to flock there.

No matter the costs, the future continues to be bright for Melbourne.

4 Clever Tricks to Create Wealth in the Real Estate Industry

A couple trying to get into real estate investment If you have been looking for an investment that will make your money grow fast, the real estate industry offers some of the best opportunities. As a new investor, however, you need to navigate carefully to get the highest return on your investment.

Use these smart tips to create wealth in this industry:

Property Flipping

Flipping is one of the most lucrative ways to make money in real estate. Investors prefer it because it is fast. You simply buy a property, renovate it, and sell it. The entire process typically takes six months. Once you are ready to sell the property, look for a suitable client. Find companies that buy houses for cash so that you have your money as soon as possible to invest in other projects.

Rental Income

With rents rising faster with every passing year, investing in real estate is becoming a sure way of making more passive income for landlords. Of course, you will need to choose an excellent location to enjoy higher profits. Buying and renting out real estate guarantees you long term income and helps you hold onto your investment for long, increasing its wealth potential.

Appreciation of Property

Historically, property has always appreciated. By buying real estate and waiting for it to appreciate, you are assured of making money without doing much on the property. Moreover, appreciation of property is good news if you’re considering refinancing.

Cashing in on Raw Land

Once you buy raw land, you can let companies use it and earn royalties depending on your rights to the property. The companies pay you more for any discoveries they make on your land or any other properties they set up on it.

An investment in the real estate industry will exponentially grow your money if you do it smartly. With so many different options available, take your time to decide what works for you.

The Big Q: Should You Sell Your Inherited Property?

For Sale Property in St. LouisInheriting a house often brings a mixture of emotions: sadness, because a loved one passed away, and happiness, due to the numerous possibilities the inheritance can bring. In many cases, a lot of people face the hurdle of not knowing what to do with the property they received, with many of them feeling it’s wrong to sell something a loved one gave to them.

However, there are certain situations that calls for selling inherited property in St. Louis. For instance, you rather move on than keep wallowing in sadness whenever you see the house, or it simply does not fit your needs and preferences. Whatever your reason may be, know that reliable real estate companies can help you get your inheritance turned into cash quickly.

Selling an inheritance as fast and as painless as possible

There are so many laws surrounding inheritance properties in Missouri, which means that you can end up making mistakes that will lead to you spending more than the value of your inherited property. Add to that the emotional toll of getting rid of your dead loved one’s personal items, belongings, furniture, and other possessions, and you will really have difficulties selling it on your own.

This is the primary reason you should call upon the services of real estate investors that specialize in such situations.

Your Options

You basically have three options when it comes to dealing with the property you now own. You can sell it, use it as a second or vacation home, or have it rented. However, when you do not have any use for a second home, or you simply do not want to be bothered with keeping up with maintenance regulations as a landlord, then you should just sell it off to an investor.

All in all, with the help of a real estate investment company, you can make the right choice as to what you should do with your inheritance.

3 Benefits of Hiring a Real Estate Agent When Buying a House

Real Estate Agent in Plano

Real Estate Agent in PlanoBuying a house, especially if it’s your first time, is not as easy as it looks. There are a lot of steps, processes, and decisions involved that you may not realize. That’s why it’s important to find a reliable real estate agent you can trust to help you throughout the home buying process. This way, you can prevent making major mistakes you’ll end up regretting after the purchase. Here are some advantages of working with a real estate agent.

They Have Education and Experience

Education and experience are two things that make real estate agents great help when it comes to buying a home. They already know the ins and outs, so you can ask them any question to avoid getting confused and help you make the right call every time. Hiring a pro will definitely make the process easier, from finding possible properties that fit your budget and preferences to finalizing all the paperwork.

They Have Connections

Because of their years of experience in the industry of home buying and selling, real estate agents usually have the connections to help you get the best loan rates and find the best homes for sale in Plano, TX, built by They can even get exclusive and advanced access to properties that aren’t in the market yet. Because you are a client, they will definitely use their connections to help you get the best home for your needs.

They Have Negotiation Skills

The process of negotiating a final price with the seller is crucial because you can save thousands of dollars if you know how to do it right. With their expertise in the real estate market and what price various properties deserve, real estate agents can definitely help you negotiate well. Agents know how to put you in the best light for sellers to agree on the price you want for the property.

These are just three things a real estate agent can provide once you hire one when buying a home. Their assistance will be of great help throughout the process.

Commercial Property: One Reason to Move to Australia

Commercial Property

Commercial PropertyCommercial property in Australia has become a good reason for anyone to relocate to the country, due to the sector’s positive performance.

That’s because the market has achieved its strongest growth in the third quarter of 2016 for more than two years. Investors poured $9 billion in commercial property investments between July and September with 30 percent of that amount coming from deals worth more than $200 million, the Sentinel Property Group cites.

If you’re looking to invest in the sector, it’s good to know that average capital flowing into the market amounts to $47 million — a sign that investors are ready to spend money.

Luring Investors

The Chinese are among the most prolific investors in Australia’s real estate. Investors from the Asian country have listed Australia as one of their target destinations for property. For the first eight months of 2016, Chinese investors splashed $23.5 billion into various markets aside from Australia, including the US, UK, Germany, and France.

That amount is set to exceed their total investments worth $25.7 billion for the entire period of 2015. It’s expected that outbound Chinese investments would increase by 37 percent in 2016 year over year, reaching $35 billion.

Asset Classes

Sydney and Melbourne attracted most of large-scale property transactions in Australia. Total property values in Sydney also rose 33 percent over the last 12 months, which makes owning real estate a lucrative investment.

Despite a weaker office sector, industrial and retail properties emerged as the well-performing sectors in the third quarter. Logistics properties cashed in $1.8 billion from several deals, while retail transactions reached more than 70 deals worth $2.2 billion in the three-month period.

Based on these figures, living in Australia appears to be an attractive option. Be sure to consult a local expert to help you on deciding where to put your money with the lowest possible investment risk.

Considering Investing in Commercial Real Estate? The Must Knows

Commercial Property Investment

Commercial Property InvestmentAny type of property investment, whether it is commercial, residential or agricultural, can be considered as a good investment. But if you are after a high return on investment and fast revenue, then an investment in commercial real estate is more financially rewarding. Residential properties also offer financial opportunities through rental or resale, but the revenue generated from these may come in slowly.

The commercial real estate might be the better choice as opposed to residential real estate. Commercial properties include retail, office, warehouses, industrial and apartment buildings. Before you take the plunge, however, it’s important that you understand the benefits that come with this type of investment.

1. Income potentialCommercial real estate investment yield high income in a shorter time. Its income potential is between 6 to 12 percent of the purchase price.

2. Loyal customers – Retail tenants that have found a good commercial location intend to maintain their profit performance by staying in the same location. This way, you are guaranteed of a loyal client that will bring profit to you.

3. Limited hours of operations – Commercial centres have fixed operating period, so you will have enough time to manage the business and enjoy your personal time.

4. Establish professional relationships – Commercial properties are usually owned and managed by corporations and they deal with business owners and corporations most of the time as well. Thus, it is good if you can establish a professional relationship with such companies.

5. Gain more objective price assessment – Since commercial tenants are business owners, you have a more objective assessment of how you are going to decide on rental fees and the succeeding increase based on their financial statement. Arrangements are easier to accomplish.

Of course, these are only among the advantages this kind of investment has to offer. Having all these in mind, it is easier to discern whether getting into a commercial real estate investment is something you can already handle and manage.

Why Hire a Property Management Agency

Rental HouseNot all landlords are efficient when it comes to managing a rental property. Owning one does not necessarily mean that they have the best skills to manage cash flow or do the necessary repairs. Hiring an expert specialising in the property management should be a priority if you want to maximise profitability.

Here's why you should think about hiring a property manager: 

Advertising and marketing of property

One thing you will enjoy when you work with a reliable property management team is the ease of advertising your property. This is especially crucial for property owners that are venturing into the business for the first time. It is never easy to advertise property especially in an area that is highly competitive. Choosing to use an agency to manage your property is the best investment any property owner can make.

Getting the right tenants

Advertising is great, but may not be the only thing you can do to attract potential tenants. It is important for the property owner to actually attract real tenants. A good property manager will ensure that your rental houses have tenants. They are responsible for sourcing for potential tenants through their social interactions.

Managing finances

It is difficult for a property owner to collect rent sometimes especially if the tenants know how to plead and ask for favors. Hiring the right agency ensures that you are not dealing with such inconveniences. Tenants know that an agent will collect rent on a given date without taking any excuses. Agents command a certain amount of fear and respect. Tenants are likely to fear agents than they would landlords. The agent will not listen to any excuses n late payment.

Regular inspection

This is one of the best benefits of using property agents. A house needs to be well-maintained, so regular inspection is necessary. A property agent will ensure that every aspect of the house is well attended. Any issues will be addressed on time.

A property management agency ensures you are getting the best as a property owner. You do not have to waste time following clients. In addition, your money comes in good time; the extra cost is worth it.

Japanese Real Estate: 3 Misguided Myths You Should Bury in the Ground

Properties in Tokyo

Buy Properties in TokyoJapan has always been a desirable destination to live, work or play of millions of people the world over. But one knows that gaining a foothold in the Japanese real estate market is no easy feat. Especially if you plan to buy a property in or near Tokyo, then the price further becomes more insane.

While some statements hold true in a way, most assumptions of an outsider toward the real estate market in the Land of the Rising Sun are often terribly wrong.

Until you consult a full-service real estate company specialising in the Japanese market to help you clarify your own misconceptions, getting these erroneous beliefs out of the way is a great start:

Properties Only Last for 30 Years

This isn’t entirely true. The life expectancy of Tokyo properties and other buildings in the country is only around 30 years because they’re being demolished for redevelopment. But without any intervention, an average house or condominium complex should live longer with regular maintenance and timely repairs.

In addition, modern concrete products now allow properties to last up to a century, not to mention the earthquake-resistant designs they use in many construction projects.

The Second-Hand Property Market is Non-Existent

This couldn’t be more wrong. On the contrary, the market is quite strong. According to a report on real estate movements in the Tokyo Metro, pre-loved properties beat newly built houses in sales in 2009. In 2013, the sales of new properties are only slightly higher than the numbers tallied by second-hand houses and used apartments.

No Financing is Available for Non-PR Foreigners

That might be harder in the past, but not today. A few local banks are becoming keener to extending credit to foreigners with no permanent residency status. And in case you can’t find a less conservative Japanese bank for a mortgage, many foreign banks, particularly The National Australia Bank, provide loans to non-PR residents in Japan.

Much like in other countries, there’s so much to learn about the Japanese real estate market. And since it’s a serious purchase, make sure you find the right partner that can help you realise your dream of living or investing in Japan.

3 Pleasures of Being a Single-Family Home Owner

Single-Family Homes

Single-Family HomesOne of the simplest ways to realize your American Dream of home ownership is to build a single-family house. Other properties on the market are attractive to some extent, but none could really match what a detached dwelling brings to the table.

Whether you’re looking for experienced homebuilders or shopping around other hot real estate markets for affordable “finished products”, you should more than consider a single-family house for these sensible reasons:

Two Words: Own Yard

As Hamlet Homes notes, nothing trumps the beauty of having your own yard. Unlike condos, townhouses, or even multi-family dwellings, having a detached property essentially gives you the privilege of being the sole owner and user of your turf.

Sharing is caring, but communal areas don’t always support the kind of lifestyle you wish to have. Landscape it with beautiful blooms, hold barbeque parties or teach your child how to throw a ball — do whatever you want because your yard is all yours.

Flexibility on Additions

Single-family detached dwellings are generally larger than townhouses and condo units. This alone would give you more freedom to explore different design possibilities for your abode.

Be it going up or down, or extending your house for more living spaces or functional rooms, any home improvement project can be done with this type of property.

Financing Made Easier

If you want to secure a mortgage with minimal fuss, a single-family house is the best choice. Creditors are typically less conservative when it comes to this type of real estate property. Most, if not all, lenders consider single-family homes less risky because they tend to appreciate more than condominiums.

In addition, mortgage providers employ laxer lending requirements if you wish to own a single-family dwelling than a unit located in a complex building.

All types of properties have pros and cons, but you can’t deny the obvious advantages of choosing a detached house. If you have reservations toward picking it, speak with an experienced builder to get your concerns clarified.

3 Interest-Only Mortgage Positives You Think Are Negatives

Home Loan in Armstrong Creek

Home Loan in Armstrong CreekMany mortgage borrowers in Victoria consider interest-only home loans as a great alternative to conventional loans. Who doesn’t? It’s basically paying the interest for a set number of years and lower repayments over a certain period.

This is why buyers of houses for sale in Armstrong Creek, Grovedale and other emerging Geelong suburbs find that it’s one of the best deals when looking for mortgages. However, an interest-only mortgage is mostly designed for real estate investors. In many cases, a typical homebuyer with a tight budget, or a borrower that prefers to use the disposable cash elsewhere, would suffer costly consequences when this type of home loan is misused.

If you’ve become lured towards the marketed boons of interest-only mortgages, think twice to see if these benefits really make sense to your financial situation:

Small Repayments Make the Mortgage Affordable

It truly feels your hundred thousands’ worth of property becomes easier on the budget if your repayments don’t include the principal. However, it doesn’t necessarily mean your mortgage is more affordable. As a matter of fact, it becomes costlier.

If you do the math, your principal would remain untouched until the interest-only period is over. From another perspective, you’re not really making any progress on your mortgage until that period ends. If you decide to finish repaying your loan, all of your interest-only repayments are considered extra payments that really did nothing to lower your loan amount.

Low Minimum Payments Lead to a Loose Budget

Unless the money you gain from investing your spare cash beats your interest-only payments, doing anything that would compromise the progress of your mortgage repayment is usually not worthwhile. More often than not, you’d just incur more debt over time.

Tax Deductibles Help You Save Money

An interest-only mortgage allows real estate investors to maximise their tax deductibles. You could enjoy that very benefit too, except you’re going to live on that property for a long time. Investors don’t mind seeing the principal to increase because home appreciation could still make profit in the end. On the other hand, you’d have to pay for the untouched principal and its interest out of your pocket at some point.

Much like other types of mortgages, an interest-only home loan is designed to serve a particular need. Even if it seems to fit your financial situation at first, do your due diligence to see its potential drawbacks.