Becoming a landlord for the first time can be both exciting and daunting. Whether you’ve inherited a property, invested in real estate, or decided to rent out your home, there are several key steps to ensure your new venture is successful. At Create Real Estate, we understand the challenges you face and are here to help you every step of the way. Here are some practical tips to help you navigate your new role with confidence. Understand Your Legal Responsibilities Before you begin, familiarise yourself with the legal aspects of being a landlord in Victoria. This includes understanding the Resi ..read more

Buying a home is a monumental milestone, and as a new homeowner, there’s a lot to consider. One of the essential aspects of homeownership is understanding and securing homeowners insurance. At Create Real Estate, we want to ensure you’re well-informed and protected. This guide will walk you through the basics of homeowners insurance, why it’s crucial, and how you can choose the right policy for your needs. What is Homeowners Insurance? Homeowners insurance is a type of property insurance that provides financial protection against loss or damage to your home and its contents. It also offers lia ..read more

The federal budget has introduced a series of housing measures aimed at addressing various challenges in the real estate market. These initiatives are designed to make housing more affordable and accessible, particularly for first-time homebuyers and those in need of social housing. Let’s take a closer look at these measures and how they stack up. Key Housing Measures in the Federal Budget Expansion of the First Home Loan Deposit Scheme (FHLDS): The government has expanded the FHLDS, allowing more first-time homebuyers to enter the market with a smaller deposit. This move aims to help younger ..read more

In recent years, the concept of the “mortgage loyalty tax” has been a topic of heated debate among homeowners and financial experts. This term refers to the higher interest rates often paid by long-term mortgage customers compared to new borrowers. However, recent trends suggest that this loyalty tax may be on its way out, providing some relief to loyal customers. The mortgage loyalty tax has long been a burden for homeowners who stick with their original lender. Over time, these loyal customers often find themselves paying higher interest rates than new borrowers who can take advantage of com ..read more

In the latest Federal Budget for 2024, significant measures have been introduced to alleviate the financial burden on renters across Australia. With nearly 1 million households expected to benefit from Centrelink’s cash boost, the real estate landscape is poised for notable shifts. Let’s delve into the details of this initiative and its potential impact on renters and the broader rental market. The Federal Budget for 2024 introduces a targeted cash boost through Centrelink to support renters facing financial strain. This initiative aims to provide much-needed relief to nearly 1 million househo ..read more

In a recent announcement, Commonwealth Bank has revised its prediction for future interest rate cuts, delivering a sobering message to Australian borrowers. The decision to push back anticipated rate reductions comes as a result of evolving economic conditions and shifting market dynamics, prompting concerns among borrowers about the potential implications for their financial well-being. As borrowers grapple with uncertainty and navigate the complexities of the lending landscape, it’s essential to understand the factors at play and take proactive steps to protect their financial interests. Evo ..read more

In a bid to alleviate the burden of HECS debts weighing down countless Australians, a tax lawyer is spearheading efforts to exploit a potential loophole in the Australian Taxation Office (ATO) regulations. This loophole holds the promise of significantly reducing HECS debts for eligible individuals, offering a glimmer of hope to those grappling with the financial strain of student loan repayments. As discussions surrounding the loophole gain momentum, it’s essential to understand its potential implications and how it could reshape the landscape of student loan repayment strategies. Exploiting ..read more

A recent revelation has ignited a contentious debate within the real estate industry, shedding light on the practice of real estate agents supplementing their income through unconventional side hustles. The emergence of a controversial job offering, where agents are allegedly paid exorbitant sums to merely “stand there,” has sparked outrage and raised questions about the ethics and integrity of industry professionals. As stakeholders grapple with the implications of agents’ dual roles and the potential conflicts of interest they pose, it’s crucial to delve into the nuances of this complex issu ..read more

In recent years, the dream of owning a home has become increasingly challenging for many Australians. From navigating the complexities of the real estate market to managing the financial aspects of homeownership, aspiring buyers are faced with numerous hurdles along the way. However, a recent revelation has shed light on a surprising factor that can significantly impact one’s borrowing power: everyday expenses. According to a report by Yahoo Finance, a seemingly innocuous everyday item – in this case, a pet – has the potential to slash a borrower’s borrowing power by half. This revelation serv ..read more

Homeowners and future homeowners of Melbourne, Victoria! We’ve got some exciting news to share that’s making waves in the real estate world. In a recent development, interest rates have been put on pause, and this could have some significant benefits for all of us. What’s the Deal with the Pause on Interest Rates? First things first, let’s talk about why interest rates are taking a breather. The pause comes as a response to various economic factors, including inflation rates, employment numbers, and overall market stability. Essentially, it’s a move by the powers that be to maintain a balance ..read more