MelbournePropertyInsight.com

How come you can get a 2,700 sq ft newish house with a "million dollar" view in Melbourne, FL for the same price as a 800 sq ft condo near the freeway overpass in Santa Barbara, CA? The former is near a sugar white beach with clear blue-green water. The latter is near an oily seaweedy beach with arctic cold water. Someone please explain!!

Supply and demand.

would like to know cheap areas to buy in Melbourne. also what are the additional cost i.e morgage insurance, stamp duty, changing the morgage over etc, how much would this cost on a property say worth $200,000 if im a first home owner and i intend to live in the property? also totally off the subject is geelong to werribee a good place to buy?

There are cheaper areas in Melbourne, but they come at a cost, excuse the pun. They are always further away from the city where the work and facilities are. Geelong is very far away. At least 2 hours travelling one way. But it can have some nice bits. what do you want, a flat, or a house? Flats are cheaper, and so you could afford to come closer into the city, but still not that close. Werribee, is closer, but you really need to see these places, to get the feel of them. What I may not like, you may like or tolerate. Also, advertisements are misleading, and real estate agents are too. There is no hurry to buy I think as property prices are certainly not increasing in this climate. I’ve noticed people are off-loading holiday houses. they’re way out the city, hours away, but it depends how you plan to live/work and what facilities you need.

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In Melbourne there is a famous institute in Victoria they have skill and experience in training…

Take a look at this www.reiv.com.au

i live in canada now, i had several career include, real estate agent , esthetics’s, tax Professional and massage therapist, i want to immigrate to australia and work . is anyone know how i could qualified to immigrate there? thanks

You career choices are irrelevant if you don’t have the necessary education to go hand in hand with your work experience.The Message therapist might be something you want to expand on to get into Australia.

Is this the good time to buy property in melbourne, apartments

Always buy,never sell………………….Buy cheap,sell dear……

Yes,it is good to buy now.

No idea, this is Melbourne, Victoria, Australia. Wrong Melbourne.

I was evicted from the house I was living in Melbourne but the landlord was very kind and said I could continue to live in the house provided I made up the rent I was behind on.

In Australia, defaults and evictions are listed with the TICA Tenancy database (see link below). You can access information on your TICA file by contacting them by mail and for a small fee ($14.30) they will send you the file by mail, click the link at the top of the website for "Tenants" for more information. Everytime you apply to rent a property, fall behind in rent payments, cause (or leave) damage to a property you are renting, have excessive complaints (from neighbours etc) about your tenancy, abandon a rental property or are evicted – it will be noted on your TICA file which will make it difficult to find a rental property in future.

If your landlord still allows you to live in the property – then you have not actually been evicted.

Hi everyone,
I live in Melbourne Australia and I am buying a house in Melton but the thing i am worried about is that its really close to freeway and this means there will be noise and air pollution issue but the real estate agent assured me that there will be sound proof shields between the freeway and the house .I am too much confused what to do . Any suggestions specially people living in Melbourne closer to freeways or hwy.thanks

Go into the house. Stand there quietly and see how loud it is. If the noise bothers you (even a little bit or you think it might bother you over time) then punt, if not then maybe its ok. Some people are more bothered by noise than others so hard to say for you if its a big deal.

I want to start investing in property and have been told/read that ideally i should set up a property trust, to protect against personal liability, and other various reasons. How do i go about this?, Who do i go to to do it (ie lawyer, accountant, etc)? What does it do? How much does it cost to set up?is there a company that does this sort of thing? Anything else worthwhile that i need to know please tell. I am based in Melbourne. Thanks, and i will award the best answer (of course)

Hi Andy,

Setting up a trust can be done through your accountant and solisator, set up cost depend on the trust proprerty and how complex or simple the investments are for a professional generally from $990 upwards with about $200 annual fee..

you could set one up yourself for about $140 but there is some fine print work that you need to understand but for a standard trust that covers assets thats all it cost..I think if you get this mth issue of ( Money ) magazine its the one with the {blue cover feb / jan } from the local newsagent it has a wright up about the web sites you can visit to set a trust up by yourself…Andy if your going to start investing in property and you wish to know how the acquire the secrets of the mega rich make and keep and set up there foundation so you can do the same..

I wanted to share something with you that I’ve been a part of since December. (Yes, I’m a very happy paying customer…)

It’s called, The Elevation Group, and simply put, it’s one of the coolest (and most unique), projects I’ve ever seen…

Basically, this humble young guy from Texas is giving Wall Street a run for their money, and you and I an opportunity to turn economic chaos, into a once-in-a-lifetime chance to accumulate massive wealth…

I don’t have time to get into the details, but I’ll just say this…

If you do nothing else this week, watch this 90 minute documentary he created.

It’s probably the most valuable presentations about money and investing I’ve ever seen.

It’s online here:

I live in melbourne victoria, I want to transfer my real estate property to my nephew’s name. How much is the cost? I want to sell it to him without him paying anything to me but just the stamp duty as I am married & don’t want to share my assets and property to my husband as he has a son and daughters n his first marriage. This is for security reasons as I have built greater trust to my nephew. I am getting old and want to give it all to my nephew without any will. So please give answers. thanx
I owned all the assets and properties…paid full long time ago….no mortgages or any unpaid debts…

You need to talk to an estate planning professional in your country and region.

In the U.S. laws vary by state. Australia likely has a similar structure.

Here is an example of the type of professional you need to talk to about estate planning. This is an example of a U.S. professional. You need to find one familiar with Australian laws.

http://www.buckscountyepc.org/MemberDetails.asp?MemberID=48035.

IMO, you really need to talk to a pro because the laws on transfer of wealth or assets are very tricky and frequently change.