Australia’s baby boomers and seniors in their 50s and 60s have always had a very huge spending power and the impact of their deep pockets is being felt in Melbourne’s residential property market. Currently, there are 2.3 million Australians aged between 53 and 68 and as they are heading into retirement, they are currently driving … Continue reading How Baby Boomers Affect the Melbourne Property Market
Also known as infrared thermography, thermal imaging is a technique that is used in the detection of radiation, mostly in the form of heat, and converting the radiation into an image. Because thermal imaging techniques allow us to see “images” or radiation that are invisible to the naked eye, they find wide applications in various … Continue reading What is Thermal Imaging?
It is not an everyday occurrence to find live termites. I found this colony on a routine pre-purchase building and pest inspection in the Eastern suburbs of Melbourne. While inspecting the sub floor area we found a rotten stump that appeared to be holding a lot of water. The water source was another defect to … Continue reading Termite of the Week
Nothing shakes the structural integrity of a building like a severe storm. The extent of the damage on the building will be subject to factors such as the proximity of the building to the centre of the storm, the age of the building, the materials used in construction, the quality of the construction as well … Continue reading Building Inspections After Severe Storm
This is the dilemma of every aspiring property investor, especially given the recent turmoil in the real estate and financial markets and the backdrop of the 2008 financial crisis and the foreclosure crisis. Given the rising inflation, it is key that investors make the most from their investments using the right investment vehicle. Picking the … Continue reading What makes the best investment? Shares or property?
Financial freedom requires a considerable degree of self-discipline and control on your part. That does not necessarily mean that people who do not save a lot of money lack self-control. Saving money is incredibly difficult not just because of the pressures of daily living expenses but due to the fact that it requires a careful … Continue reading Why Saving for Your First Property is So Difficult
Gardening and outdoor living can be a very rejuvenating exercise. It serves as a healthy release from our daily pressure-cooker lifestyles dominated by work, smartphones, social media and the overall information overload. Tending to your own backyard garden is not just good for your overall wellbeing; you can also embrace it as part of your … Continue reading New Trends in Gardens and Outdoor Living
Location is what makes a good real estate investment. With the right location, your property investment will keep on rising in value. The economic factors will decide whether the property in the location you are looking at have good prospects for appreciation into the future. If you are scoping out real estate for capital gains, … Continue reading What are the Best Areas to Look for Properties for Capital Gain?
There is a growing frenzy of house flipping in the Australian real estate market. It is a real estate investment craze that has grown in leaps and bounds in recent years as a new kind of investor looks for homes they can buy cheap and resell quickly after carrying out a low cost “sprucing up” … Continue reading Buyer Beware Flippers Looking for Properties to Turn a Quick Buck
Buying or selling property is no doubt an engaging and tedious process involving lots of documentation and transactions. Beyond the buying or selling prices, there are numerous fees that you also have to foot throughout the process. Here is a look at some of the costs that you will most likely grapple with when it … Continue reading Costs in Selling and Buying a New Property