Our step-by-step guide to selling your property
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).
What affects your property’s value?
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.
Why more borrowers are using a mortgage broker
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.
What you need to know about the new digital Strata Hub
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.
Stamp duty or Land tax – what first home buyers need to consider
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.
What the 2021 census reveals about Australian property ownership
More property owners are relying on lenders, and one in 10 Australians now live in an apartment according to the 2021 Census. Nearly 11 million (10,852,208) private dwellings were counted on Census night in August 2021, an increase of nearly one million (950,712) since 2016. Two thirds of households (66.0 %) own their home outright.
Home Guarantee Scheme expands
Standing by its pledge that a Labor government would help more people get into the housing market, the Albanese Government recently announced the expansion of the Home Guarantee Scheme. As of, 1 July 2022, the Scheme has expanded to include: 35,000 places each financial year to support first home buyers to purchase a home with.
Capital gains vs cash flow income – which is best?
The reason we invest in property is because we want financial freedom, and there are two ways in which you can make money property; capital gains and a regular cash flow income. We’re often asked, which is best? Well, as always, it depends on your financial situation, and what your plans for the future are..