Contrary to what you may think, the final inspection that happens within 7 days before the settlement date is very important. Simply put, this is your last chance to get the vendor to fix anything that was broken in the period between the day you signed the contract and the settlement. Continue reading 6 practical tips for a successful final inspection
Mudgee leads list of 10 top-performing NSW housing markets with prices up 7.44%: Residex
The central western NSW town of Mudgee, a hotspot for mining, agriculture and tourism, has been the top-performing NSW housing market over the past year, according to the latest Residex regional market update.
Mudgee district house prices are up 7.44% for the year to August, with a median house price of $272,500 following a gain of less than 1% in the previous 12-month period.
Residex reported a 16% jump in sales in Mudgee over this period, with 548 properties selling. Continue reading Mudgee leads list of 10 top-performing NSW housing markets with prices up 7.44%: Residex
Home insurance explained
For most Australians, a property is the largest and most crucial investment they will ever make.
Furthermore, a house doesn’t just have monetary value. A home is a living space for individuals and their families – a place of peace, security and comfort that you can return to after a long day and relax. For most of us, no commodity is so precious and vital to our lifestyle.
Therefore, it is advisable not to cut corners when it comes to choosing a home insurance policy. Continue reading Home insurance explained
Security Company vs Sound Alarm
Not sure whether to bare the cost of hiring a Security Company or whether a simple Sound Alarm is security enough?
For many homeowners having a standard sound alarm is all the security that they need for their home. This may be because they have a friend or a neighbor to look after their home when they are not there or because they live in a close knit neighborhood that watches out for each other and will take action and call the relevant authorities if a sound alarm is activated. Continue reading Security Company vs Sound Alarm
Joint property contract — have you worked out which type of tenancy suits best?
The contract arrives. The property purchase is, not unusually, being made by two people with the same surname. But there’s no instruction about how they’ll share ownership – whether as ”joint tenants” or as ”tenants in common”.
There are crucial legal differences between the two structures, which have long-term financial ramifications. Continue reading Joint property contract — have you worked out which type of tenancy suits best?
10 years, 5000 houses
The Mid-Western Region will need more than 5000 new houses by 2021 to cope with predicted population growth resulting from the expansion of coal mining, according to a study on local services commissioned for the State Government. Continue reading 10 years, 5000 houses
What any homeowner or tenant needs to know about trees and powerlines
As the weather warms up, it serves as a good reminder about the precautions we need to take to make our homes and yards safe before the heat of summer hits.
If, like last ear, winds reach as high as 100 km/h, trees that are close to powerlines are going to become a real issue. Continue reading What any homeowner or tenant needs to know about trees and powerlines
Property Settlement 101
Once a property has been sold, there is a period of time between the contract being signed and the handover of keys, in which a number of important steps must be completed.
When reading through the overview below, the following terms are used:
Vendor: The person or entity selling the property
Buyer: The person or entity buying the property
What does the term ‘property settlement’ mean?
10 ways to prepare your property for a Spring sale
The property market is alive and buzzing in Spring, with an abundance of buyers and great weather for home inspections. That said, many properties will inevitably make their way onto the market, which means you’ll have a bit of work to do to ensure your investment stands out.
Groom your property for its grand entrance onto the market. Take advantage of the season and give the dwelling a once-over before hitting the ‘For Sale’ board with these 10 top tips for preparing your home for a successful spring sale. Continue reading 10 ways to prepare your property for a Spring sale
Stamp duty back on the table
STAMP duty is back on the table for first-time buyers of existing property after a long exemption period and come October 1, those purchasers will no longer be eligible for a $7000 cheque from Mr O’Farrell to ease the homebuying squeeze.
For a $300,000 purchase, NSW home buyers will need to front up $8990 in stamp duty on existing properties before even getting the keys to their new front door. Continue reading Stamp duty back on the table