There’s no hiding from the seemingly grim headlines at the moment; the Reserve Bank of Australia (RBA) raised its cash rate yet again this month to 25 basis points to 2.6%, and CoreLogic reported a further fall in housing values through the first month of spring, with the national Home Value Index (HVI) recording a.
Preparing and presenting your property are very important parts in the sales process, but the key to getting the best price for your property is selecting the right agent. First and foremost, you need to choose an agent who knows your area well, but in the Newcastle area, there are over 150 agencies registered with.
With interest rates on the rise, many investment property owners may be looking at ways they can increase their rent. If improvements are made to a property, rent can be increased, so long as it’s fair and timely – read our blog about rent increases. The best time to renovate a property is when a.
The property industry is awash with myths, and like many a good myth, some are so frequently repeated they are believed! However, while some may have an element of truth in them and should be taken in context of the individual sale, others are simply wrong. So, how do you know what to and what.
They say the best things come to those who wait… and never a truer word when it comes to property; the recent Core Logic report reviewing the past 30 years of property values shows just how significantly housing values have changed over time. Using an analysis of value index which takes into account house characteristics,.
Traditionally spring has always been the time for selling a property, however, with interest rate rises and some economic uncertainty, some property owners may be holding back. However, there are some pointers to remind us why now might be the time to put your property on the market. While CoreLogic’s national Home Value Index (HVI).
It’s impossible to perfectly predict a property’s value; aside from the economy and interest rates, it ultimately comes down to what people are willing to pay. While everyone has different tastes and lifestyles, there are some common factors which influence a property’s desirability. Read on to find out what drags property values down and what.
The recent Mortgage and Finance Association of Australia’s (MFAA) report has revealed mortgage brokers arranged seven out of every ten (69.5%) new residential home loans settled during the first three months of 2022; with brokers accounting for around half (52.1%) of all new loans settled two years ago, this is highest proportion of property buyers.
Launched last month, the new digital Strata Hub aims to give homeowners, buyers and the property service industry better accountability and transparency and more engagement for owners, residents and potential buyers of strata schemes in NSW. The new reporting requirements will, for the first time, digitally consolidate data about the state’s 83,000 strata schemes. This.
As part of the 2022-2023 NSW Budget, the Government announced a new $2.8 billion housing package to benefit first home buyers, regional residents and communities across New South Wales. This included $728.6 million over four years to introduce an option for first home buyers; as of 16 January 2023, first home buyers will have the.
