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What could go Wrong at Unconditional?

A couple of things that could go wrong once a contract proceeds unconditionally is the finance. The Finance may not have been in place so there might be a couple of special conditions that the bank imposes that the clients weren't aware of at the time. Examples could be, they require you to pay out of Visa cards prior to settlement just to bring ...

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How to negotiate a great property deal out there?

Buying a property in a buyer’s market is a lot easier than buying in a seller’s market. With abundant properties, slow-moving sales, and low prices, you can snag a good deal even with rusty negotiation skills. Unfortunately, the Australian property market is not currently a buyer’s paradise. Across the country, prices have been steadily risin...

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Buyers’ Agent Brief

Armed with an upwardly mobile couple's investment goals, three local experts set about finding the perfect strategy for kicking off their portfolio. In the January 2015 issue of Australian Property Investor Magazine (API), they introduced a new series called 'Buyers's Agent Brief'. Kieran Clair presented Bryce Holdaway with a hypothetical client...

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Key things you Look for in a Contract of Sale

The things that I look for in a Contract of Sale to protect my clients would be the terms and conditions and what Section 32 look like. The contract can set out a range of special conditions that can be adverse to a purchaser. So a contract of sale definitely favors a vendor in a standard sense so when you layer it up with special conditions, it ca...

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Buying an Off Market Property

As Buyers Agents, we absolutely love a good off market opportunity. The key here is having a great network, as these kinds of property sales, while perhaps not having to deal with anywhere near as much competition, require strong property market understanding and negotiation skills if the buyer is to get a good deal. When the market is humming a...

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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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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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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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How to Mitigate Property Risks?

In my last video, I talked to you about the risks of investing in residential property and they are important things to consider. There were five of them. There was legislation risk, gearing risk, general or what I call value risk, tenancy risk, and liquidity risk. Now I want to talk to you today about mitigating those risks. Now when it comes t...

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8 Tips to Buy in a Hot Market

I’ve been buying property on behalf of clients since October 1998 and in that time I have experienced many hot property markets.  Having moved from Perth to Queensland in 2002 and then to Melbourne in 2006 as well as travelling around the country filming Location Location Location Australia for the last 3 years, it sometimes seemed like I was of...

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Buying Well vs …well,… buying.

Every aspiring investor is gripped with fear about the impact of their property selection when I first meet with them. Their questions range from “where should I buy?” to “what do you think of off-the-plan apartments?” The answer is simple – there are MANY factors that you need to take into consideration to ensure that you buy well; it’...

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