Latest Property News

40 Year Mortgages – Are They a Good Idea?

By Pete Wargent on 19 Sep 2013 No Comments

While it seems likely that we’ll see more 40 year mortgages in the future, the majority of homebuyers would probably be more prudent to borrow a little less and use a shorter mortgage term where possible. While the monthly repayment might be lower, over the life of the mortgage the terms tend to be less favourable ...

A Sofa on the Roof… and Other Trashed Rental Homes

By Sharon Fox-Slater on 18 Sep 2013 No Comments

Recently, there have been a string of incidents involving trashed rental homes. Unfortunately, it’s not uncommon if a tenancy turns sour. Cases like these show some of the challenges property investors face, but there are steps investors can take to protect themselves if their investment is damaged by tenants ...

A Three Bedroom Villa Dream

By Cate Bakos on 17 Sep 2013 No Comments

On Sunday just gone, I bid for a fantastic villa unit in Caulfield South, following a virtual real estate shutdown in the area due to the Jewish holiday on Saturday. When I use the word “fantastic” to describe a property, I don't use it lightly, but this unit had it all, and the location was superb ...

Melbourne Auction Results – September 16, 2013

By Peter Sarmas on 16 Sep 2013 No Comments

We knew going in that this weekend was going to tell us some important things about the health and direction of the Melbourne property market. To my surprise, the Melbourne auction clearance rate was a strong 76 per cent on a total of 832 reported auctions; although approximately 84 results are still yet to be gathered by the REIV ...

Melbourne Property Market Update – September 13, 2013

By Peter Sarmas on 13 Sep 2013 No Comments

Consumer confidence rose for the fifth consecutive week this week, suggesting Australians are feeling more confident about the economy and the property market. The Melbourne auction clearance rate managed to hold steady over the weekend, despite a lower number of auctions ...

The Ten Spookiest Abandoned Cities in the World

By Peter Sarmas on 13 Sep 2013 No Comments

All over the world, there are cities that have been abandoned by civilisation. Some have been abandoned due to war, while others have been neglected due to natural disasters. Then there are cities that have been abandoned for reasons more sinister. In honour of Friday the 13th, we've put together a list of the spookiest abandoned cities ...

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