Monthly Archives: December 2009

National Rental Affordability Scheme

// // // ]]>// In July 2008, the Rudd government announced a A$623 million initiative to build 50,000 new residential dwellings provide affordable housing to alleviate the severe housing shortage across Australia’s capital cities. Named the National Rental Affordability Scheme, … Continue reading

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How to subdivide land – Top strategies for success

Subdividing property is like buying a whole cake for $30 and then cutting the cake into 8 equal slices and selling off each slice for $5. The sum of each individual slice is greater than the whole cake. To ensure … Continue reading

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Riverina at Brookfield, Melbourne

// // // ]]>// // // ]]>   Riverina at Brookfield is a residential housing project currently being developed by Devine Property Investments. This project is located approximately 5km to the west of Melton.   This project consists of house … Continue reading

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Subdivision of land – Documents you need

// // // ]]>// This guide sets out the documents required for submitting a subdivision of land in the state of Victoria persuant to the Subdivision Act 1988. A Subdivision Act plan is identified by the ‘PS’ prefix and in … Continue reading

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Subdivision of land – Calculating capital gains tax

// // // ]]>// Your home is usually exempt from capital gains tax (CGT) if you sell it due to the Principal Place of Residence (PPOR) exemption. However, if you subdivide the land upon which your home is built and … Continue reading

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15 Kurrajong Crescent, Melton South, Melbourne

// // // ]]>// Located 42km north west of Melbourne CBD in Melton, 15 Kurrajong Crescent is a 1979 brick veneer home built on a 586 sqm plot of fully level, rectangular land. Comprising 3 double bedrooms, one bathroom with … Continue reading

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Subdivision of land – the approval process

// // // ]]>// The process of subdividing land requires the approval of both the local Council and relevant utilities such as the water authority. For property owners who are not experienced in submitting a Development Application (DA) or Planning … Continue reading

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21 Toolern street, Melton South

// // // ]]>// Located 35km north west of Melbourne CBD in Melton, 21 Toolern street is a 1972 brick home built on a 961sqm plot of fully level, rectangular land. Comprising 5 bedrooms, 2 bathrooms with separate toilet including … Continue reading

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Toolern street, Melton South

// // // ]]>// A quiet cul-de-sac, Toolern street in Melton is only 600m from Melton train station on Brooklyn street, 300m to local shops and 500m to the local Station Square Shopping Centre which includes Coles, Liquorland, local butcher, … Continue reading

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Verve Erskineville – a quality development in a strategic location

// // // ]]>// // // ]]> The newly completed Verve Erskineville apartments have proven to be popular among Sydney’s hip and eclectic city dwellers. Only 4 apartments remain unsold in this 106-unit development by AV Jennings. Why I like … Continue reading

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Malaysian-Aussie JV in $4.5 billion residential project

// // // ]]>// Land between Caroline Springs and Melton could be developed for up to 50,000 homes much sooner than anticipated. Located 42km northwest of Melbourne CBD Melton is accessible via the M8 Western Freeway. Local developer Mirvac and Malaysian property developer … Continue reading

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Werribee – a popular township among new Melbournians

// // // ]]>// // // ]]> Werribee is located 35km south west of Melbourne CBD and is accessible via the M1 Princess Highway. The local council for Werribee is the City of Wyndham. The main commercial and retail centre … Continue reading

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Tenants – Up-front costs of your new rental home

// // // ]]>// Tenants who are renting homes and apartments need to be aware there may be a little more than paying a refundable up-front bond when signing on a new lease agreement with the real estate agent. Depending … Continue reading

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How to inspect property – Top tips when buying a house

Apart from the important aspect of location, these are my top 10 things relating to the physical aspects when buying a house, new or otherwise: Termites / pests – always obtain a pest inspection report from a licensed builder and … Continue reading

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Toolern – Melton’s major future growth area

// // // ]]>// Located to the south east of Melton township, Toolern is a 2,500-hectare urban growth area within the current Urban Growth Boundary. The Melton Council has commenced a $15 billion initiative to establish the area as a … Continue reading

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