There's an old adage in real estate that goes: "It's not the house that increases in value, it's the land beneath it..." Meaning, that land is the scarce resource that actually represents the majority of the value in any property asset. Technically, the structure on top of the land actually depreciates (drops in value) over time as the materials wear down. We buy houses based on their features,...
Buying tip: When property investors start entering the market, that's the time to buy. Right now, we are seeing a flurry of activity from property investors, while owner-occupier buyers have all but disappeared. What's going on? It takes courage to buy in a falling market. To zig when everyone else is zagging. Property investors know this from experience. Having been through previous down...
Over many years, these five beliefs and sayings have embedded their way into the culture of buying and selling houses. But are they true? And how do they impact your chances of finding a buyer or securing a home you love? Let's dig in... Myth 1. Your first offer is your best offer This old real estate adage isn't always true. Buyers often try to act quickly and snap a property up before other...
Homeownership rates are dropping around the world and in most areas, it is getting harder and harder to buy your first home. With property prices as high as they are, many first home buyers are only able to purchase a property with help from family. In this guide, we run through 5 common ways you can support your kids onto the property ladder. Consult with your lawyer and mortgage adviser before...
Want to get a feel for our Auction process? Forget the old-school days of Auctions where they churn through houses by Auction without any focus on you, your biggest asset, or the buyers who have been through an equally grueling process to be unconditional and purchase their new home. We understand the delicate process of managing everyone's expectations and emotions, and take it very...
Everyone loves a good deal. But when it comes to real estate, most buyers and sellers are just trying to avoid making a big mistake. Buying a home is not something most of us do on a regular basis. There's no way to practice before you jump in, and you have to live with your final decision for years. So concerns about making a mistake are valid and understandable. One of the most common fears for...
The journey of buying a home often begins in an unfamiliar location. This could come about if you are constrained by budget, moving to a new area for a job, trying to stay close to family, or any number of other reasons. Buying in a suburb or town you aren't familiar with can be daunting. So here are some tips to increase your chances of securing the best possible home. Tip 1. Don't be in too much...
Many homeowners fall into property investment, almost by accident. They end up buying the home next door when it comes on the market, or they buy a home from a family member who is looking to sell. Or sometimes, when an owner moves to a bigger home, they keep their existing property as a rental. Falling into property investment can work out just fine, but you will increase your chances of building...
If I was a buyer, what would I do? Warren Buffett once said it is wise to be “fearful when others are greedy, and greedy when others are fearful.” This line of thinking applies to the property market just as much as it does to the stock market. The best time to secure a good deal on a home is to buy one when the market has slowed. When prices are falling and demand is low....
It's that ugly word again Inflation and it's currently running at a 32-year high of 7.3%! How does that affect you as a homeowner and what can you do to weather the fast-approaching storm?We are all experiencing increases in the cost of food, transport, and housing but for homeowners due to coming off a low-interest rate and stepping into the current lending market those with mortgages around...