The government will invest a further $800 million into its Help to Buy shared equity scheme to expand the program, now set to cost $6.3 billion. The extra funding will increase the income caps from $90,000 to $100,000 for individuals and from $120,000 to $160,000 for joint applicants and single parents. It will also boost…
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Rental Dispute Resolution Victoria (RDRV) is being introduced in Victoria in late June 2025 and will be a free VCAT service that will help both renters and rental providers/property managers to resolve disputes regarding rent increases, repairs, and bond and/or compensation matters. This resolution will save time, stress, cost and help the parties resolve the…
With signs of the Geelong property market picking up after a long stretch of declining prices and decreased buyer numbers, Jayden Overall and Andrew Crowhurst sold two prestige, million plus properties in the span of a week. With huge buyer interest in both properties, each vendor was ecstatic with the outcome of their sales. If…
New rooming house and rental properties minimum standards 2025 New regulations will add to the existing minimum standards for rentals and rooming houses starting December 2025 These changes build on the existing minimum standards by introducing a new: Heating standard for rooming houses From 1 December 2024, if a rooming house operator installs a heater…
If you’re considering selling your Geelong based business, Eastwood Andrews is the expert team you need. Our experienced professionals are the go to local real estate agents to ensure the process of selling your business in Geelong is smooth and efficient. Contact us today for expert advice and support and to see how we can…
New curtain and blind cord safety standard Loose curtain and blind cords, especially those with loops, are a fatal strangulation hazard for children. From 1 December 2025, all internal window coverings with cords in rental properties must: – avoid loose or low-hanging cords: secure loose or low-hanging curtain and blind cords so they can’t form…
New rental property legislation was introduced to the Victorian Parliament today. Some of these measures are sensible and have been welcomed by the Real Estate Institute of Victoria (REIV), while others could place additional stress and financial burden on rental providers, further intensifying pressure on the current rental market. Many rental providers have already sold,…
Investing in student housing can be a lucrative alternative to traditional residential properties. Here’s a breakdown of the key differences, benefits, and considerations for both options: Advantages of Investing in Student Housing Challenges of Investing in Student Housing Comparing to Residential Houses Key Considerations Conclusion Investing in student housing can offer strong returns and consistent…
Managing tenant damage is a crucial aspect of property management and a problem Eastwood Andrews takes all measures to avoid happening. Here’s a comprehensive guide to help you navigate this challenging issue effectively. 1. Understanding Tenant Damage Definition: Tenant damage refers to any harm caused to a rental property by tenants beyond normal wear and…
Rising property prices and raised interest rates over the last few years has created affordability difficulties for buyers in Geelong. New research from Finder and PropTrack shows buyers now need to earn at least 40% more annually in 2024 compared to 2021 to keep up with home repayments. Research shows the pre-tax income needed for…