The Blog
- Show all categories
- Uncategorized
- Real Estate Prices
- First home buyers
- Buying a home
- Auctions
- Opens
- Renting
- Real Estate Agents
- Selling a Home
Oct 21, 2019
House Price Guide (Sep 19 Quarter)
Some surprisingly interesting facts. See how your suburb performed here.
Jul 22, 2019
June Quarter 2019 Median Prices
Has it gone up or down? All Melbourne and Metro house and unit median prices listed here.
Jun 26, 2019
Additional Homebuyer Costs you need to be Aware of
Don’t be caught off guard when it comes to buying a home. There can be several additional costs that you weren't ready for. Knowing about them in the early planning stages can help you to budget for them. What you will pay depends on where you live and the cost of the home you purchase. Stamp Duty Any time you buy a home, you will be charged a Stamp Duty. It can be sizeable so keep that in mind. The more your home costs, the higher this is going to be. For a $500,000 home, it can be as much as $25,000! There are Stamp Duty calculators you can use online free of charge. They can help you figure out what you may pay. Just enter your state, territory, and the purchase price to get the figure. Legal Research and Verification It is important for the owner of any property to own it free and clear before it is sold to someone else. If they payoff the person holding the mortgage but they also have other liens, it can’t be transferred to someone else. A professional in the legal realm has to do this research and to verify there aren’t any other outstanding debts the home is tied to. Insurance Any time you finance a home, you must have insurance to cover the remaining balance due on that loan. This is required by the lender to eliminate their risk of a complete loss if the property is damaged or destroyed. Plus, it is recommended to have insurance coverage for your personal belongings as well. Utility Deposits and Transfers You may have to pay for utility hook-up fees, deposits, and transfers. This includes money for the water, power, gas, and internet. If you have a landline, there may be a cost there too. What you will incur depends on where you have services.
Jun 5, 2019
Understanding Stamp Duty
Stamp Duty is one of those upsetting and challenging costs involved with buying a home. Knowing about it and understanding it can prevent you from feeling blindsided when you are trying to get into a home. The funds from this type of collection helps society as a whole too, so that can help you to feel a little better about it with the funds going back to the public needs in Australia. Who Pays? Most of the time, the Stamp Duty is paid by the buyer of the property. The amount is based on the location and the selling price of the home. There are times when the seller will agree to pay this on their behalf. That all has to be put into writing though within the contract. The funds must be paid within 30 days of the settlement of the property. To find out the cost, there are free online tools. Just enter the location and the home amount to generate the figures. This can help you to make sure you have enough money ready for the purchase of the home. If you can’t afford it, talk to the seller about reducing the cost of the home or helping to pay the Stamp Duty.
Oct 31, 2018
Compare Your Suburb Real Estate Values
Has it gone up or down? All Melbourne and Metro house and unit median prices listed here.