The really cheap properties are not necessarily bargain properties. A bargain buy (while there is no strict definition) is one that you purchase a lot below-market rate for the purpose of living or reselling. However, unless you can derive some real profit from the purchase, it won’t be called a bargain purchase and may remain only a “cheaply bought” property.
Tracey's Property News
Investors Shoot Up, First Home Buyers Fizzle Out
Home loan commitments to owner-occupiers have reached its monthly peak, calculated since October 2009. Both refinance and non-refinance commitments are trending much higher over monthly and year to year indices. A disturbing trend, however, is the marginalisation of the First Home Buyers (FHBs).
Moving Homes Need Not Be Painful
Moving home is not always a pleasurable experience. A prospective buyer’s first responsibility is to sell his home and while doing so prepare his family for the move ahead. Those homes which have kids find the exercise of moving an emotionally enervating one. This said, there is certainly a way to make the whole experience pleasurable.
Capital City Housing Market Continue to Grow
In a video-assisted article that covers RP Data’s Mid Month Market Update for April, Tim Lawless confirms that though there is nothing really bullish about the property market at this point in time, the signals are not discouraging either.
How To Identify A Bad Property Manager
Here are some tell-tale signs of poor property managers… you don’t want this to happen to you if you need someone to manage your investment properties.
Strengthening Your Property Portfolio
It is one thing to invest in a property and feel like a “Warren Buffet in the making” and quite another thing to have a successful property portfolio. Only 1% of the total investors hold more than 6 properties in Australia. Let’s figure out what proves to be the bane of the remaining 99%.
