Author Archive

Property Terminology 101 – Part II

Following on from last week, here is Property Terminology Part II, aiming to provide a simple and clear definition of property terms you may come across from time to time.

Strata Title: The formal ownership of a property within a strata plan where the property is defined within horizontal and vertical boundaries, and proprietors have joint rights over the land and common areas.

Company Title:  The building and land are owned by … Read the full post »

Property Terminology 101

As property professionals we regularly use specific terminology in our communications, often without spelling out what these terms mean, coming from a place of assumption that people just ‘know’.   However, feedback indicates this is not always the case, so over the next two newsletters we have outlined a simple breakdown of some of the most common terms used in the context of real estate.

Appraisal:  An estimate of a property’s market … Read the full post »

Property Goals 2021

Happy New Year to you and your family; we hope it will bring you and your loved one’s happiness, health, and prosperity after what was a challenging 2020 for many.

At this time of year many of us reflect on our goals for the year and make resolutions, often revolving around health, amongst other things; but what about your property goals?  Have you made any?

Below is a check list you might … Read the full post »

Reflection on the Property Market 2020

When we reflect on the year now gone, one of the biggest questions many economists and property analysts have asked, and addressed – is why didn’t the Australian property market crash in response to the global pandemic?

When the COVID19 outbreak began, the headlines were filled with doom and gloom as we headed to our first recession in over 28 years…yet somehow the property market has pulled through remarkably well, and … Read the full post »

10 Holiday Activity Ideas

Just for something different this week and keeping in mind many of you are still on holidays, we have put a list together of things to do on the Sunshine Coast over the summer holidays – some of the activities are FREE, and all are FUN!

Climb Mount Coolum – if you haven’t already done this, put this at the top of your list. It is a relatively easy climb … Read the full post »

Seasons Greetings

As the year draws to a close, we reflect upon what a challenging and indeed strange year 2020 has been; our team here at Wright Place stayed positive throughout the lockdown periods, practiced social distancing, and continued to service our clients during this time, even if it meant doing some things a little differently.  Haven’t we all learned a lot, about ourselves, our values, and how resilient we can be … Read the full post »

Snapshot: Household Debt in Australia

Despite the Australian property market demonstrating its resilience in the face of COVID19, there is still concern about the substantial increase of household debt levels, which have risen significantly over the past thirty years.  In June 1990, the ratio of household debt to annual disposable income peaked at 68%; and in June 2020 it is now at a whopping 185%.

Most of the debt held by households is housing debt, which … Read the full post »

HomeBuilder Scheme Extended

On Sunday November 29, the Federal Government announced the extension of the HomeBuilder program from January 1, 2021 to March 31, 2021.

HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant to build a new home or substantially renovate an existing home. HomeBuilder assists the residential construction sector by encouraging the commencement of new home builds and renovations.

Changes to the HomeBuilder program include:

A $15,000 grant for building contracts … Read the full post »

Buoyant Property Market

The local and national media has been recently reporting about the buoyancy of regional property markets amidst the COVID19 pandemic, highlighting the Sunshine Coast as one of the most popular markets, particularly for buyers from Sydney and Melbourne.

This month the Australian Bureau of Statistics reported a significant shift of people moving from capital cities to the regions including a net loss of 14,000 in Sydney in the first half of … Read the full post »

Just 5 Weeks Until Christmas EVE!

Yes, everyone with just five weeks until Christmas, you can officially start getting excited…have you put your tree up yet?  What about the Christmas lights?  Or are you going to be more low-key this year?  However, you are going to celebrate it – we are sure you are starting in some way to prepare – and so are we.

One of the ways we are preparing is to remind our clients … Read the full post »

Working from Home: The Pros & Cons!

As the COVID19 pandemic continues to linger, there are still a significant percentage of the workforce working from home; however, prior to COVID this was already a growing phenomenon that was transforming the landscape of the Australian workforce.  Improvements in technology have been the driving force in propelling this change, with face-to-face connectivity facilitated via live streaming platforms, allowing workers absent from their workplace to join in group discussions, meetings, … Read the full post »

Timing is Critical: The Window of Opportunity

There has been a significant amount of commentary around the Australian property market in 2020 in the context of COVID19, and many attempts to predict what’s around the corner in 2021.  One thing that is clear is that many of the dire predictions about the Australian property market falling off a cliff, just have not come to fruition.  Despite coronavirus lockdowns, recession, and rising unemployment – our property market has … Read the full post »

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