Can I build a Granny flat (secondary dwelling) on my property?

Granny Flat

The popularity of granny flats has increased significantly in recent years, driven predominately through media coverage. In this post we touch on some tips and steps to evaluating if you should construct a granny flat on your property. 

Granny flats are often pitched as a great investment with strong rental returns as well as adding value to the existing dwelling. At the outset I admit I am not a subscriber to this strategy however do acknowledge in some instances, with the right conditions, they can stack up as an investment decision.

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Can I subdivide my property: Required services and creating value?

Property subdivision

Are you looking to see if you can subdivide your current property or trying to find an investment property that can be subdivided?

This is the second post in a two part series that walks you through the steps and tips, which you should consider in order to identify the key facts about a property. The first post ‘Can I subdivide my property: Planning schemes?’ covered what is classified as subdividing and how to establish if a property lot can be subdivided.

Series Cont. (more…)

Can I subdivide my property: Planning schemes?

Subdivide property

Are you looking to see if you can subdivide your current property or trying to find an investment property that can be subdivided?

This is the first post in a two part series that walks you through the steps and tips, which you should consider in order to identify the key facts about a property e.g. lot size, zoning, overlays, neighbourhood plans etc. From these facts you can start applying the subdivision planning approval process of your local council.

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Value of a vendor advocate

Vendor adovate

Buyer’s agents offering vendor advocacy services have become far more widespread, particularly in Melbourne. A vendor advocate is an independent agent who acts on the behalf of the seller of a property, predominately to advise on which real estate agent should be used to market a property, and to hold the agent accountable.

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How to bid at auction: What happens if the auction is passed in?

Passed in at auction

Are you interested in knowing how to bid at auction? This series will help you better understand how to equip yourself to secure the best outcome at a property auction. 

This is the second post in a two part series. See our previous piece here – How to bid at auction: Be prepared. (more…)

How to bid at auction: Be prepared.

Bidding at auction

Are you interested in knowing how to bid at auction? This series will help you better understand how to equip yourself to secure the best outcome at a property auction.

This is the first post in a two part series.

Bidding at auction isn’t a walk in the park. Having a well-planned strategy is essential to securing the right property at the right price. Experience plays a huge role in bidders’ chances of success at auctions, so it is essential that you not only arm yourself with relevant information for the auction itself, but also plan your approach should the property be passed in and you need to start negotiating on the fly.

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Property investing using Airbnb

Airbnb logo

Have you considered branching out and exploring other avenues of revenue income from your property portfolio?

The benefits and pitfalls of owning or investing in a holiday house have been well covered by the property investment community. Typically, investors are lured by the promise of high rental yields, not to mention the novelty of owning a little piece of paradise. With all that excitement it can be easy to overlook the risks of seasonal variances in occupancy, high maintenance costs and changes to property management contracts. However, there are ways to mitigate these risks.

In this post we examine an emerging trend that offers an attractive opportunity to investors and property owners. It also highlights a growing sector that rental owners and property managers should be aware of. (more…)

Freebie: property portfolio health check

Property portfolio health check

Here’s a nifty resource for property investors. HSBC and Property Observer have partnered up to produce a free ebook to ring in the new financial year.

We all understand the need to keep a close eye on the performance of our investments year-round. Despite this, it’s easy for the regular check-up to fall off the top of the to-do list. (more…)

How to use Evernote to manage your work or property expenses

This post continues our look at the online service Evernote and how it can assist agents, investors and owners in their property expense management.

As a property investor or agent it only takes one trip to the local hardware store and a few meetings before you are swimming in a paper trail of receipts and expense claims. For a big believer in minimalism such as myself, or perhaps more honestly as someone who just has a tendency to forget where he left all his receipts and invoices, Evernote provides a great solution for capturing not only property but work expenses on the go. (more…)

Hot suburbs for investment identified by API Magazine

Australian Property Investor Magazine releases its 2013 Hot 100 issue

2013 seems set to be the year of property investment, with economic indicators and housing data having shown positive signs almost across the board for the first quarter.

Hot off the press, API Magazine’s annual Hot 100 list landed in our inbox this morning and includes many valuable insights for property investors. The Hot 100 has been highly anticipated by the real estate industry due to its reputation for providing quality analysis of prime targets for investment over the past few years. (more…)