Chamberlain Property Advocates
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Homebuyers differ in the things they look for when buying a property. Some families prefer flat homes with a backyard while some prefer a two-level property. There are young couples who like to live near the beach with views of the water while the others opt for an apartment near the city center. The latest data from Realestate.com.au shows the top five things buyers look for when searching for …
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In today’s digital age, a paperless transaction is indeed possible even in the real estate industry. The introduction of new laws which now allow electronic contracts and signatures has made the conveyancing portion of the transaction much easier and faster. With digital technology, home buyers and sellers can save time and avoid loads of paperwork in pursuing their real estate …
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The Reserve Bank of Australia today decided to keep the current official cash interest rate at its historic low level of 1.5 percent. An earlier survey by Reuters showed 47 out of the 48 economists predicted the rate would remain unchanged. In his monetary policy statement earlier, RBA Governor Philip Lowe noted the strong global and local economies, the growth experienced by several advanced …
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Real estate transactions often involve a large volume of paperwork. Contracts alone can already have hundreds of pages and each contract needs to be provided in two copies. This often results in a high cost of printing, scanning, filing and archiving of documents. Fortunately, paperwork today can be avoided by homebuyers and investors through electronic conveyancing. Thanks to digital …
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Before starting a home renovation project regardless of its scope, it is a must for homeowners to know the legalities involved. Failure to do so can mean trouble. It could mean your renovation being stopped or pulled down. To start with, do check your local council for any approvals that may be required for a home renovation. Do keep in mind that certain minor structures may need building …
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The Australian Prudential Regulation Authority (APRA) will soon remove a lending restriction for property investors. APRA chairman Wayne Byrnes recently said the 10 percent limit on bank lending imposed in 2014 would be scrapped. The lending restriction along with the limit on interest-only lending were meant to strengthen major bank balance sheets and limit the flow of speculative money into …
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The Reserve Bank of Australia today retained the current official cash interest rate at its historic low level of 1.5 percent. The move was widely expected by economists surveyed by Bloomberg. All the economists agreed the interest rates will be kept on hold. In his monetary policy statement earlier, RBA Governor Philip Lowe noted the strong global economy, the growth experienced by several …
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When buying a real estate property, there are always risks involved and as such, it pays to plan well and do your research. Many experts normally advice buyers and investors to do their due diligence regardless of the type of property they want to purchase. Unfortunately, not everyone follows this advice resulting in disappointments and loss of money. So what really is due diligence and what …
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The Melbourne property market is confirmed to be in a cooling condition due to the drop in auction clearance rates in many suburbs since the start of the year. Data collected by the Domain Group from January to March shows clearance rates were lower compared to the same months in 2017. In some suburbs, the clearance rate was just a little above 50 percent while across Melbourne, the rates …
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Capital gains tax or CGT is commonly imposed in Australia and is part of one’s income tax. This particular tax is levied against the selling of a real estate property and other capital assets. Basically, it is levied on profits gained when one disposes of an asset purchased after September 20, 1985. When selling a home, the profit made above the cost of buying and maintaining the residential …
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