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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Buyer’s agents who have appeared on The Block TV series

buyer's agent Frank Valentic

One of the most common enquiries I receive is about which buyer’s agents (referred to as buyer’s advocates in Victoria) have bid on properties on the Channel 9 television show, The Block.

Unfortunately frequent work travel means I’m not a close follower of the show, however I thought a post on which buyer’s agents (to the best of my knowledge) have appeared at the Block auctions might be helpful to fans.

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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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Housing market sentiment lifts in Q1 2014

House price expectations

The quarterly Australian residential property survey by National Australia Bank indicated housing market sentiment lifted slightly in Q1 2014 as sentiment improved in SA/NT and NSW, but softened in Victoria and WA. The outlook for house prices strengthened in all states except Victoria, with Queensland showing the biggest gains in the next 1-2 years. A big pick up in foreign buying activity was noted in the market for new property (especially in Queensland) and for established housing (especially in NSW). In terms of total demand, foreign buyers now account for just over 1 in 7 new properties and around 1 in 10 established homes.
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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…)

Financial considerations of buying a home or investment property

6 steps to property buying success: the essential guide for home buyers and property investors

Using a buyer’s agent is a good start in reducing stress when buying a property. Our Buyers Agent Guide series 6 steps to property buying success makes understanding and completing the transaction even easier.

In our previous article we laid the groundwork for beginning your property search with exercises to help you understand your needs and (more…)

Understanding the house price index for property investors

Statistics and reports are useful in making investment decisions – understand complex data and use it to your advantage

A house price index tracks the rise and fall of property values. Buyers’ agents use this information to help you select a suburb or region to invest in. The historical performance of real estate in a particular location may also be used to assist you in understanding the potential investment growth of a specific property.

There are a number of methods that can be used to calculate price indices for housing.  (more…)