When you are purchasing a property is is the obligation of the seller to deliver clear title to you at settlement, with no encumbrances or interests, such as a mortgage remaining on the title.
Increasing Property Prices Are Pushing First Home Buyers Out:
Australia-wide property prices have been on the rise this year, from the highly publicised runaway prices in Sydney, to the steady growth in Melbourne, the recent boom and apartment sales in Brisbane and the slew of new developments announced for the Gold Coast. Key to this tremendous growth has been the high level of sales to property investors.
Buying an Investment Property – Things to Consider:
If you’re looking to get into the property market and buy an investment property there are a lot of benefits to be had, such as wealth creation, capital growth and tax benefits, but since buying property is such a major decision that can take a huge financial toll it’s worth doing some thorough research on the property before signing that contract of sale.