Victoria’s property market is changing rapidly. The Reserve Bank of Australia (RBA) has recently cut interest rates by 0.25%, with many experts predicting the RBA rates will drop further during this year. This could lower mortgage repayments, giving Melbourne and regional Victoria buyers more purchasing power across a range of properties. However, lower rates often…
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In Victoria, dealing with ‘stop work’ issues during a building project—such as dissatisfaction with workmanship, non-compliance with orders, standards or specifications, non-completion, contract termination, or builder insolvency—requires careful navigation. Here’s a step-by-step guide to resolving the situation efficiently and cost-effectively: 1. Understand Your Rights and Obligations 2. Communicate with the Builder 3. Engage a Qualified…
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The property market has seen notable changes in 2024, with fluctuating prices, rising interest rates, and a more cautious outlook for home buyers. With the Reserve Bank of Australia (RBA) holding interest rates steady, many buyers are left grappling with whether to buy now or wait for future rate cuts. The situation presents both challenges…
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When it comes to upgrading your home in Victoria, deciding whether to renovate or detonate your existing home is a significant decision. The choice involves various factors such as costs, benefits, potential pitfalls, and long-term implications. Houspect’s comprehensive guide will help you navigate through the complexities of this decision, ensuring you make an informed choice…
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A Dilapidation/Condition Report is a detailed inspection and assessment of the condition of a property. Here’s what’s involved and why it might be necessary: Overall, a Dilapidation Report is essential to ensure transparency and protect property owners and project managers and to facilitate informed decision-making regarding the property. Who needs a dilapidation inspection service? Property…
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What are the reasons and benefits for getting a pre-purchase building inspection done in Victoria? Does such a report provide me with a fully comprehensive property history, such as overlays, past permits issued, etc? We’ve provided the details of a Pre-purchase Building Inspection quite comprehensively (in-depth guide) and the resultant benefits. For any property you…
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WHY should I get an independent construction building inspection done – whether for a house renovation and extension or a completely new build? What value and benefits does it offer me? It is highly recommended you get an independent construction building inspection done for either house renovation/extension or new build projects in Victoria. An independent…
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What can I do to prepare my home for the upcoming hot weather? Preparing your home for summer heat in Victoria is important to ensure greater comfort, increased efficiency and reduced energy costs. Here are some top tips to help you get ready now that summer is here:- Insulation: Check to improve/increase the amount of…
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What situations might require/benefit from an independent building inspection? Consider inspections during the construction and/or renovation of your home. It is worthwhile getting an independent building inspection done at various stages along the way. Independent building inspections at various stages of construction or renovation can be a valuable investment, leading to enhanced construction quality overall.…
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Builder Gone Bust? Don’t be collateral damage! With the damaging impact of recent company collapses in the building industry, many might be deterred from building a new home – but if you do proceed – how to minimise the risk of falling victim to failed builders? What means do you have available if your builder…
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