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A property with defects can be an investor's nightmare, not to mention a money pit. Here's how to minimise your risk of buying a lemon. You might think building faults are confined to structures like that condemned old hovel at the end of the road that's about to fall down. If so, you might want to think again.

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The latest Choice Capital newsletter features an article on Buyer's Agents and Thomas Georgiou providing insights into "The Property Market - looking back and looking ahead".  Click here to download this informative newsletter.

Each month we reward a staff member for their efforts and we are proud to award Natasha Greene as our Staff Member of the Month award for December 2011. Congratulations Natasha and keep up the great work!

The RBA decided to reduce rates by 25 basis points, which is the second consecutive rate cut and takes the offical rate to 4.25%. We see this as good news for the property sector and expect buyers to start gaining confidence back in the market. The rate will also reduce the average Australian mortgage by around $60 per month.

To read the full statement from the Reserve Bank, click here.

Unit 8/16 Charnwood Road, St Kilda hits the market today and is being sold by our client through Buxton. Originally purchased by Advantage through our "Group Block Strategy", this stunning Art Deco apartment has been renovated and the final result is impressive. Click here to view the brochure