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Three key steps to successful property investment
Property Investing is a popular wealth creation strategy in Australia with over 2 million individual property investors across the country. Buying a property is a big decision and investing in property is a long-term strategy that requires proper thought and planning...
Buying Property Overseas – do the hazards outweigh the upside?
We’ve all seen the ads – luxury properties in idyllic locations, it’s so easy to dream of escaping once or twice a year. But there are many pitfalls that may lead it being an indulgent folly. That’s not to say there are some advantages in buying property overseas....
The Pros and Cons of Downsizing
Thinking of selling your home and buying a smaller one? Downsizing has many benefits, not just for empty nesters or retirees but also for those of us that want to lead a simpler life. Sometimes bigger does not always mean better! Here’s what you need to consider: Less...
How much does it really cost to build a house?
In June 2020, the Morrison government launched the HomeBuilders Scheme for buyers of newly constructed dwellings. Since then, we continue to receive many enquiries from customers wanting to buy a house and land package. The most common questions we get are “How much...
Upsizers on the Move post COVID-19 easing of restrictions
One of the prime users of the Deposit Power Bond product are upsizers and according to Cameron Kusher, Director of Economic Research at realestate.com.au, the property market has seen an upswing in this type of property buyer now that COVID-19 lockdown measures have...
New Law NSW provides greater protection for Apartment Owners
In June 2020 the Design & Building Practitioners Bill came into effect in NSW. The bill will enable apartment owners to seek damages for building defects in apartment complexes as the new legislation places an all-encompassing ‘duty of care’ on builders and...
When a fall in this property stat is a good thing
We regularly see statistics that are put forward to add weight to a story line and the property market is no exception. Auction clearance rates are one such example, but another recent comparison might reveal a more positive sentiment in the market. When a vendor is...
The importance of interstate migration to Queensland
The Queensland Government is running a tight COVID-19 ship with borders still closed to interstate travel even though the total infection rate on the 4th June was just 3 people. With a population of 5 million, that’s an infection rate of one in every 1,600,000 people....
Entrepreneurial Risk is Good
More than nine out of every ten business in Australia are small businesses. They account for 33% of Australia’s GDP and employ over 40 percent of Australia’s workforce. Deposit Power is one such business. Despite small businesses significant contribution to the...
The “Valley of Death” awaits the construction industry if action is delayed
The Chief Executive of the Master Builders Association Denita Warn recently stated that the residential construction industry is facing a ‘valley of death’ if there was not a major initiative implemented to support the industry by the Federal Government. The...