Victoria’s new underquoting laws
How is the real estate industry embracing and implementing Victoria’s new underquoting laws? Effective from the 1st of May, there are new laws introduced by Consumer Affairs Victoria (CAV) to prevent real estate agents and vendors from underquoting to prospective buyers. Many changes have been introduced. CAV’s website tells us the following: “All Victorian estate […]
Property tax changes from 1st of July
Property taxes are changing from the first of July, 2017. The Victorian state government will close a property duty loophole between spouses who own investment properties from that date. Transfers between partners will no longer be exempt from stamp duty, except for changes for the principal place of residence or following a relationship breakdown. […]
Buyer Beware! Is there a big development coming next door?
During our pre-purchase due diligence last week for a property in Kew, we found a major surprise. A surprise so big that it caused us not to bid. A major development next door to the north will fundamentally change the amenity of the target property during construction and when built. The property next door, a magnificent […]
Property Update at North Melbourne Football Club
This week we were invited to be part of a panel discussion at the North Melbourne Football Club to examine how real estate plays a part in overall financial fitness. The audience was made up of players and staff looking to educate themselves on what the benefits of owning good property are and how to invest in […]
Should you let a selling agent bid for you at auction?
Auction advice for property buyers from Buyer Solutions Last Saturday Buyer Solutions was bidding at an auction for our investor client in Melbourne’s eastern suburb of Forest Hill. The auctioneer took centre stage and three of his colleagues placed themselves amongst the bidders to assist buyers in attendance. From the buyers perspective is this a […]
Impulsive Property Buying – What Can Go Wrong?
Impulsive Property Buying – What Can Go Wrong? If you’re in the market for a property or just have an interest in real estate you’ve probably been to an auction. Tensions are high, adrenaline is pumping, serious bidders are eyeing off their competition and vendors are nervously lurking about in anticipation. Auctions are dramatic spectacles […]
Is your House Winter Ready?
In Victoria we are well and truly in the throws of autumn with winter at our doorstep. The long dark, cold and rainy days ahead of us can be very expensive if you’re caught out unprepared. Keep your bills down and your house safe by following these tips: INSIDE YOUR HOME Service and clean your […]
Will stamp duty changes mean more homebuyers buy off the plan?- Buyer Beware
Changes to stamp duty rates from the 1st of July, 2017 will impact the property market in my opinion. From that date forward home buyers are being tempted into the off the plan market by reductions in stamp duty payable that will not apply for investors. Investors will no longer benefit from reduced stamp duty […]
Buyer Solutions successful buying in St Albans
Buyer Solutions has proudly bought recently in the “super hot” St Albans market. Not only did we buy, we bought well And here’s why……………… Our property was a brick home with three bedrooms, two bathrooms, two living areas on approximately 650 square metres of land by private sale. The offer on this property went […]
Newsflash – Interest Rates Up
Buyer Solutions wishes to advise that interest rates are on the way up with two of the “big four” lenders. National Australia Bank and Westpac have joined forces and increased Interest Rates. National Australia Bank announced their decision last Thursday to lift the Standard Variable Rate by 0.07 per cent hours after the US […]