ARE YOU CONFUSED ABOUT TORRENS TITLE VS STRATA TITLE?

G&H Property Group : May 29, 2015 8:27 am : Blog

Torrens title simply means the purchaser owns the land and building. This can also be known as ‘freehold.’

Strata title simply means that there are multiple owners of properties on one piece of land where all owners are responsible for the areas that are shared known as ‘common areas.’

When there is units, townhouses or villas on the land it is usually purchased under Strata. The reason for this is because there are common areas that are used by all that reside there. These common areas have the cost bared by all owners equally. This is organised by an owners corporation whilst each individual owner is responsible for everything inside their individual property. When you purchase a property that is strata you need to factor in the costs of these common areas which is usually organised through the owners corporation known as strata levies. This is a fee that is usually charged quarterly.

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The Real Estate Cycle – Population Drives Increase

G&H Property Group : May 29, 2015 8:22 am : Blog

There are only 3 things in life that everyone has to have to live: Water, Food and shelter. Shelter is obviously the keyword in this article. Shelter represents the place in which everyone lives. Real estate and property investing is the only tradable good that is a prerequisite in everyone’s life which is why it is so unique. You can’t survive without it and those who are without a home unfortunately struggle day to day trying to get it. It is a common link between us all which is why people love to invest in it and why we struggle to detach ourselves emotionally.

Because a “home” is what everyone needs then what happens if there are more people?… We need more homes. With an ageing population and the worlds technological advances people are living longer and they generally want to stay where they are. This means the worlds cities will continue to go up in size and price – it’s inevitable! There is a lot of ‘doom and gloom’ spoken about in regards to the worlds property market but when you use your common sense the only way property prices drop significantly is when people stop making money. This is why I believe the unemployment rate vs population growth is the main indicator in property prices.

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Pitfall of over valuing your rental income – you get desperate tenants!

G&H Property Group : May 28, 2015 10:19 pm : Blog

G&H Property Manager Melbourne helps you to accurately value your investment property

When you are new to investing in property you usually see yourself as invincible and are proud of your achievement. What most investors forget is that “tenants and others” don’t feel the same way. You want to collect rent from your property but no one else has the same love and attention to your property as you do. At the same time you want to make as much money as possible.

When you are new to investing in property you usually see yourself as invincible and are proud of your achievement. What most investors forget is that “tenants and others” don’t feel the same way. You want to collect rent from your property but no one else has the same love and attention to your property as you do. At the same time you want to make as much money as possible.

When your property is vacant the biggest decision you will need to make with your Property Manager Melbourne / Real Estate Agents Melbourne is how much rent you ask for. The worst thing you can do is let your emotions take place and assume your “piece of gold” is the best property in the area. A future tenant will see your property online first and they will usually compare yours with others based on only a few things. They are price, exact location (ie main roads, schools, shopping, coffee etc), number of bedrooms/bathrooms/living areas and this is how they judge your property. They will not look at it like their “home.” That is an emotional response that they may only feel after quite some time living there. Price will usually dictate their decision to whether or not come and see the property.
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Christmas Real Estate – The Slow Down

G&H Property Group : May 28, 2015 8:49 am : Blog

Real Estate over the Christmas period slows down dramatically. People often avoid moving over the Christmas break. If you find your investment property vacant and on the market early December you may find it more difficult to get good tenants and may be better off advertising your property in the new year. Property Management also has its issues with maintenance and trades. Just like you, trades people want to celebrate over the break and they often like to take a little longer break than most.
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