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Buyers agents articles & tips

Many people are still in the mind-set that using a buyers agent is only for those with plenty of cash, but regardless of whether you are a first home buyer or a seasoned property investor, having a buyers agent at your side can result in many different benefits. Empower Wealth have made available many videos, articles and a blog to help you understand what the role of a buyers agent is and help you decide whether their service is right for you. Start learning now!

Basic Rental Property Obligations

Although this would appear as common sense to all my landlords, it’s still important that one understands their obligations when it comes to letting out a property for rent. Under the act governing the letting of property the landlord has certain obligations, the most important of which is that the property being let is in a condition that would ...

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Five Tips for a Happier Rental Property

To ensure your tenants are enjoying renting your property, and looking after it too, it’s important to remember a couple of things so that your relationship with your tenants and property manager is a prosperous one. So I thought I’d pen a few tips to help remind fellow landlords that if they undertake these recommendations then owning their...

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So when is the best time to buy?

It’s a well-accepted theory that buyers shop in spring right through to Easter – and then the cooler months in Melbourne take hold and buyers slow down – but is this really what happens? The correct answer is that the season is only one tiny factor in what dictates property buyer and vendor behaviour. Economic outlook, suburb, location, go...

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Investors – Start your engines…

There is always a positive to any negative.  Talk of a housing market bubble, higher interest rates, softening demand for property, worsening affordability and value decreases are all playing on the psychology of those looking to get into the property market. It is fair to report that in most markets across the capitals that we are certainly in...

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Spring Season – Real Test For Prices

It’s well commented on that Spring is the time that the Real Estate market becomes the most active in terms of new listings and buying activity across pretty much every state. It’s the time of the year when the garden presents the best and the weather sees buyers coming out of winter hibernation, so sellers think they are going to get the be...

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Property Supply Adding to Cooling Melbourne Market

Supply and demand are the primary forces in an ’open’ marketplace that determine the value of a good/service. This is fundamental economics. The property market is no different. Earlier this year we saw property values move higher on increased demand. Demand that has since softened as interest rate increases have pushed out some buyers due t...

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Which Unit is Best – High Density or Low Density?

I’ve been in conversation with a couple of buyers advocates over the past few weeks, and it’s surprising how many of their attitudes differ with regard to investment property, namely whether you should be buying apartments in high density areas (HD) such as CBD locations, or low density (LD) inner city locations. For the sake of a comparison, I...

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Don’t Sell the Golden Egg Layer

Real estate agents across the land are complaining they don’t have enough stock to meet buyer demand at the moment. This limited supply is having a positive effect on property values growing quicker than usual. Agents are out there saying they have 10 buyers for every listing they get, especially in the established suburbs. So agents are going...

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The Affordability Question

Most people will agree it has done its job of getting more home buyers into the market and the follow on effect will be a mini-construction boom, once the land titles are registered and the new homes are under construction. Couple this with record low interest rates and it’s only natural that a spike in sales and demand would lead to price val...

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Buy now or wait ‘til Post First Home Owners go?

The evidence is in, property prices are on the rise, as I predicted at the start of the year. Demand, due to low interest rates, improved affordability and the First Home Owners (FHO) Scheme’s has lead to a recovery in the price of residential property. Yet the big question is will they been sustainable or will demand drop off post FHO’s? Well ...

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Owners Corporations…..

Body Corps’ as they used to be known are important entities with important responsibilities. The Owners Corporations Act 2006 [the Act] commenced on 31 December 2007. The new regulatory regime aims to improve transparency and financial accountability in the management of owners’ corporations, as well as new dispute resolution provisions. ...

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