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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!

Tips for Buying at Auction – Part 1

I find that lots of buyers are really reluctant to go to auction and to be honest, for good reasons because its largely a process that favors the seller and of course, the auctioneer. But here's five tips that I can give you to help you better prepare for when you're buying your next property at auction.   Auction Tip No.1 The first one i...

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ABC News – Is the Property Market too Hot?

The Reserve Bank has warned that Australia's property market has become unbalanced because of the surge in loans to investors. The RBA is worried about speculative buying, particularly in Melbourne and Sydney and is now talking to other regulators about stricter lending standards. On top of that, there seems to be concerns about people over leverag...

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What you need to know when increasing your rent

Laws differ from state to state around rental increases, however the reasons for rent increases are similar across every state and Territory throughout Australia. Rent reviews and increases should be revised at least annually, if not at every 6 month interval. The common times to do so are January or February, when most landlords are looking at the...

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Top 153 Unit Hotspots

Just like many hot button issues, the debate on whether houses make better investments compares to units continues to divide investors. Whether you prefer to invest in houses rather than units, the reality is that units are no longer the laggard they once were, thanks to soaring demands from homebuyers. While houses are still the dominant force,...

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Perth suburbs star

This time, the new season of Location Location Location Australia brings Bryce back to Perth. The West Australian has taken this opportunity to interview him on his most recent purchase. Here's a snippet of the article: "As the Perth-raised co-host of Location Location Location Australia, Bryce Holdaway is often quizzed by WA viewers as to why t...

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Pros and Cons of Buying Off the Plan Apartments

The Pros There's lots of reasons to consider why you should buy an off the plan purchase because there's nothing that can replace that sort of brand new feeling. You're the first person to actually move into the property. There's got shiny taps, it has got beautiful clean tiles, the carpet smells fresh and its got that really nice cozy feeling abo...

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Uniformity for Buyers Advocate License

>> Play Audio here   In this podcast, Kevin Turner from Real Estate Talk interviews Ben and asked him about the issue that we have in our property industry across Australia: The lack of a uniform Buyers Advocate license. Here's a snippet of the interview: "Kevin: I want to take this subject one step further. I’m talking now to t...

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When should you do a Building and Pest inspection?

So the question is when should you get a building and pest inspection done on a property that you looking to purchase and in my view, you should always get it done prior to entering into a contract when you're actually in a position when you can do that. But I'm also aware that in some cases you just can't, so for example if it's a really fast movi...

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Top 5 Aspects to Look at during a Property Inspection

If you are in the process of finding a property and if you are attending inspections quite regularly, you need to know what to look for. A good inspection will lead to a better understanding on the property and hence, can save you a lot of time, energy and even money. But the question remains: what should you pay attention to? Here are the top 5 as...

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5 Easy Ways to Add Value to an Investment Property

Let us for this exercise look at a typical investment type property being a 1960’s built 2 bedroom 1 bathroom apartment within a two storey block of 10 similar apartments with one car space on title located within a 10 kilometre radius of the Melbourne CBD. The value of purchase is between $300,000 & $400,000 which is very similar to the t...

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Why should you do a Contract Review?

Look in my view, you should absolutely get the contract reviewed by a solicitor or a conveyancer prior to entering into a contract but definitely before you go unconditional on a property. Because let's be honest it's a big decision you're about to make and you going to spend a lot of money and there's a reason why lawyers and solicitors drive arou...

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Sometimes bidding at auction can really pay off

Many buyers like to shy away from auctions altogether, eliminating even the potential for securing that particular asset. It’s fair to say that most buyers tremble at the thought of having to fight it out in a public place, where agent ‘spin’ and underquoting can confuse even the most organised of buyers. But the reality is that most VENDORS...

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