Tag: financial planning

June 6, 2018First Home

Jargon Busting Terms All First Home Buyers Should Know

Agreement This is the written contract for the sale and purchase of the property between the vendor (seller) and the purchaser (buyer). Deposit Part of the price (usually 10%) paid by the buyer when the agreement is signed or on confirmation. Equity This is the amount of the property that the purchaser actually owns – rather than owes. Freehold This form of title means that you own the land and the buildings on the property, with few restrictions. Mortgage A mortgage is a type of loan. Mortgages are used to make large real estate purchases without paying the entire value of the home and land up front. Over a period of many years you repay the loan, plus interest, until you eventually own […]

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March 12, 2016Investment

Rental Yields Higher in Gippsland

Gippsland is proving to be a better investment than Metro Melbourne for property investors seeking rental yields. New REIV data shows the gross rental yield for a 2 bedroom house in regional Victoria was 5.2% in the December quarter which is significantly higher than the 2.9% recorded In metropolitan Melbourne. Three bedroom homes in Morwell delivered regional Victoria’s highest yield of 7.8%. Other Gippsland town also showed better yields than Metro including Churchill 7.2%, Drouin 5.3% and Warragul 4.8%. LandGipps has opportunities in each of these towns and can help you better research your property investment. For more information on yields, visit the REIV website

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