CoreLogic RP Data’s recent New Settlement Risk Report highlighted the flood of new apartments due to settle in the next two years in Sydney (81,696), Melbourne (80,503) and Brisbane (44,511), warning “Mortgage lenders have recently tightened their lending criteria;...
A. Accrued Depreciation – The total depreciation of a property over a period of time. Usually the difference between the replacement value at purchase and its present appraised value. Appeciation – An increase in a property’s value over time. Property can...
Re-Evaluate Your Mortgage How long has it been since you last had a good look at the details of your mortgage? Do you know where you are in terms of the progress you are making on paying it off, and importantly, is it still the best mortgage product to suit your...
DEFINITIONS JOINT TENANTS “Joint Tenants” – possess a right of survivorship, that is, the interest of a deceased joint tenant passes to the surviving joint tenant(s). This option is chosen in most cases by married or defacto couples when buying property....
1. You need to allow potential buyers to visualise themselves living in your home, and the easiest place to start is by disassociating yourself from it. You need to create an inviting environment where they can envision their belongings. Achieve...
It’s crucial that you carefully screen your potential tenants. But even with a stringent screening process, the occasional bad would-be tenants could slip under your radar. You need to be cautious when you see red flags and it’s vital that you are not...
