Older Australians who sell their home after 1 July 2018 will be able to make a downsizer contribution into their superannuation fund if they meet all eligibility requirements. Announced in the 2017-2018 budget and taking effect from 1 July 2018, homeowners over 65 who meet certain eligibility requirements may choose to make a ‘downsizer contribution’ to the maximum amount of
It’s never been more important to assess the effect we as individuals and households have on our planet, particularly as the population continues to grow and consume more and more of the world’s resources. While it’s easy to believe the changes of one household couldn’t possibly make a difference, if you make an effort to alter your behaviour and implement
Moving is always a stressful time. You are packing your entire life away into boxes and shipping them off to a brand-new location, so naturally, there are going to be concerns along the way, ranging from leaving behind prized possessions to the anxiety of settling down in a new neighboured. With this in mind, it is important that you have
Many aspiring landlords believe that owning a rental property is an easy way to build their nest egg; simply purchase a property, collect the rent and sit back and watch your asset increase in value whilst your tenants take care of it. If you’re lucky this scenario may come true, but if you’re counting on retiring on the resale of
Stamp duty savings, a custom home, the latest in design trends and the promise of a new build. Sounds too good to be true? Not necessarily. Buying off the plan can be a beneficial way of purchasing property, however only when the ‘tricks of the trade’ are identified and carefully managed. Whether it’s a family home in a new estate
It wasn’t too long ago every home outside of Melbourne’s CBD had a substantial size backyard. For those who grew up prior to the turn of the century, playing outside whether it be in the yard or in the street, was the norm. In fact, a typical 1960’s suburban backyard was often substantial enough to support a family game of
Median house and unit prices across the Eastern Suburbs of Melbourne for the January to March 2018 quarter.
Off the back of a bumper year for house price growth, Melbourne’s real estate market has experienced a much flatter summer quarter, with experts remaining divided about what’s in store for the property market in 2018. Some economists forecast house price growth to ease but remain positive, while others predict prices will fall. Melbourne’s median shot up 3.2 per cent to
In recent years auctions have gained more and more popularity as a way of selling a property and for good reason—a property can sell for more than originally expected due to competitive bidding. Sydney and Melbourne are by far the largest supporters of this selling method, with vendors in these cities more inclined to choose auction over a private sale.
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