Victoria

Due Diligence for Home Buyers

Literal meaning of Due diligence is doing a comprehensive appraisal of any buying task undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its potential. It is utmost important to do your due diligenc...
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What Victoria’s New Tenancy Laws Mean For Landlords

Victoria’s new tenancy laws mean that landlords need to pay extra attention to basic standards, especially relating to health and safety. These include (but are not limited to) providing functioning heaters, stoves and even deadlocks. Furthermore, ...
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Is your house cracking up?

Is your house cracking up? A long, spidery vein is inching its way across the dining room wall. It seems to be spreading even as you stare at it! You’re sure it wasn’t there yesterday! So what does this mean and how can it be fixed? Don’t...
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The Dirt On Property Depreciation

What’s depreciation? In a nutshell, it’s an allowance under tax laws in Australia for investors. It means they can claim deductions for expenditures in their property investments. Why depreciation? Even extremely well-built houses aren’t imm...
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Meth testing - the new norm for prudent home buyers

The New Norm? Including Meth checks in Pre-Purchase Building Inspections For home buyers there is nothing unusual about organising a Pre-Purchase Building Inspection on a potential property purchase. For smart buyers, a Pre-Purchase Building Inspe...
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Termite Damage Is Leading Factor When Buying Queensland Homes

Are you buying a home or investment property in Queensland? Amongst the important things to consider is the termite and borer status of your intended property. It is recommended that you should always have both a pre-purchase building inspection a...
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The Block's Depreciation Schedules And You

So, “investors could claim an average of over $2.2 million in depreciation deductions for each apartment on Channel 9’s 2016 season of The Block,” according to new analysis reported by The Urban Developer. By far the biggest potential deprec...
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Do you think that property you are looking to buy has asbestos?

If the house you are looking to buy was built or renovated before 1990, it is likely that it will contain some form of asbestos-containing materials. Did you know that approximately one-third of homes built in Australia contain asbestos products? ...
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What is Caveat Emptor?

Increasingly property buyers are aware of their responsibility to discover building defects before sale – this is known as the Latin principle Caveat Emptor or ‘buyer beware’. The full quotation is ‘caveat emptor, qui ignorare no...
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What's involved in a home inspection?

Most of the time we never get to meet our clients face to face and only a small handful are ever able to come along to the home inspections we organise. So there is often a bit of mystery around what exactly we do during a home inspection. ...
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