For many homebuyers, especially those eyeing older homes with modern renovations, understanding how a property is valued can be more confusing than expected. When an agent says, “It’s worth the land plus what it would cost to build it today,” it can sound logical — but is it the full story? The Valuation Question Every […]
Introduction Property settlement day should represent the culmination of a successful transaction, but for some sellers, it can become a moment of unexpected crisis. When buyers make last-minute demands for compensation for allegedly damaged property features that were clearly visible during inspections, sellers face both practical and emotional challenges. This article examines the complex situation […]
When purchasing a property, the initial financial outlay often begins with the down payment, which is a percentage of the property’s purchase price that the buyer must pay upfront. This amount can vary significantly depending on the lender’s requirements and the buyer’s financial situation. Typically, down payments range from 5% to 20% of the home’s […]
Understanding Your Rights During the Cooling-Off Period In Victoria’s property market, cooling-off periods exist to protect buyers, but recent situations have highlighted confusion about inspection rights during this time. A growing number of buyers are facing resistance when attempting to arrange building inspections after signing contracts. Your Legal Position in Victoria The cooling-off period in […]
The Australian Labor government’s decision to expand its Help to Buy shared equity scheme before its official launch has sparked fierce debate. While pitched as a lifeline for first home buyers, critics argue the policy risks worsening Australia’s affordability crisis by inflating demand without addressing systemic supply shortages. Here’s why this well-intentioned initiative could backfire—and […]
The First Home Owner Grant (FHOG) is a great opportunity for first-time home buyers in New South Wales (NSW) to save money when purchasing a newly built or substantially renovated property. This grant aims to make homeownership more accessible and reduce the financial strain many first-time buyers face. In this article, we’ll break down how […]