Frequently Asked Questions
Question about selling
The value of your property depends on several factors including location, property condition, land size, and recent sales in your area. A professional appraisal from a local real estate expert can provide an accurate estimate of your property’s market value.
The timeframe can vary depending on market conditions, pricing strategy, and buyer demand. In many cases, well-presented homes in Melbourne’s South East can sell within a few weeks if marketed correctly.
Typical selling costs may include agent commission, marketing expenses, conveyancing fees, and sometimes property preparation costs such as staging or minor repairs.
Properties can be sold through private sale, auction, or expressions of interest. The best method depends on your property type and market conditions. Our agents can recommend the most effective strategy for your situation.
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Question about renting
Most buyers are required to pay a deposit once a contract is signed, usually around 10% of the purchase price. However, this can vary depending on the agreement between the buyer and seller.
Loan pre-approval from a bank or lender gives you a clear understanding of your borrowing capacity. It can also strengthen your position when making an offer on a property.
In addition to the purchase price, buyers should consider stamp duty, conveyancing fees, building inspections, loan fees, and moving costs.
Yes, building and pest inspections are highly recommended. They help identify potential issues before you finalise the purchase.
Questions About Property Investing
Property can be a strong long-term investment when chosen carefully. Factors such as location, rental demand, infrastructure growth, and future development plans can influence investment potential.
Key factors include rental demand, location, property condition, local amenities, transport access, and potential for capital growth.
Rental yield is calculated by dividing the annual rental income by the property’s purchase price and multiplying by 100. This helps investors understand potential returns.
Both options have advantages. New properties may offer tax benefits and modern features, while established properties may provide better locations and larger land sizes.