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.

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.

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.

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..

With the Reserve Bank of Australia recently increasing the cash rate by a further 50 basis points to 0.85 % – the largest jump in 22 years – many property owners, home owners and investors alike, will be thinking about reviewing their finances. Check the terms of your finance Whether you’re a home owner or.

Congratulations, you’ve received an offer on your house. The price is right, so you’re good to go right? Well, not exactly. There are a few other considerations you need to factor in when reviewing an offer, particularly if you’ve received several offers. Each offer should be considered on its own merit and on your personal.

Everyone wants the best price for their home, but sometimes the process and advice can be overwhelming; everyone has an opinion on what you should do! Selling your home needn’t be daunting; while there is a lot to consider, it’s easier to manage the process when you break it down into smaller steps. Here are.