Archive for the ‘Buying & Selling’ Category

Welcome to 2022

So here we are in a new year, and it’s certainly been a wet start with the effects of Cyclone Seth bringing tropical lows to a large section of the south-east Queensland coastline, creating wild surf conditions and causing many beaches to close…not ideal in peak holiday time, but it is what it is, and it was certainly a wonderful spectacle for the many onlookers who lined headlands and viewing … Read the full post »

Property Predictions 2022

As 2021 draws to a close – you may be wondering what is in store for the property market in 2022?  There is lots of speculation in the media, most of it quite positive, and leading property commentator Michael Yardney has identified several property trends he anticipates for 2022; below is a summary.

Values will continue to rise: The main drivers of property price growth revolve around consumer confidence, low interest … Read the full post »

House Price Vs Wage Growth

There has been lots of discussion in the media about the disparity between the growth of house prices in a period of stagnated wage growth, and for good reason – there is a very real gap between the rise of each that can’t be ignored and will eventually drive change to both.

Comparing the wage price index with property values for the past two decades shows that nominal dwelling value growth … Read the full post »

Smoke Alarm Changes Looming!

Just a reminder that the Queensland Government changes regarding the rules for smoke alarms for both tenanted and owner-occupied properties come into effect from January 1, 2022.

From January 1, 2022, at the commencement of a new lease or at the time of a renewal, installed alarm units MUST meet the requirements of the updated smoke alarm legislation; the alarms must be to Australian Standard 3786-2014, and units aged 10 years … Read the full post »

Moving home? Here are some helpful tips

Moving home can be both an exciting and busy time and as such, it can be easy to miss some things on that ever-growing to-do list. Below are a few things to remember:

Organize your Insurance

It is important to note that depending on your state’s regulations, you may need to organize your home insurance before the settlement date.

Taking out the proper insurance early ensures that one of your greatest … Read the full post »

Home Value Index Continues to Rise

This month CoreLogic released its latest report on the health of the Australian housing market, recording a rise of 1.5% in the national home value index in September, taking Australian housing values 17.6% higher over the first nine months of the year, and 20.3% higher over the past 12 months.  The annual growth rate is now tracking at the fastest pace since the year ending June 1989.

Every capital city reported … Read the full post »

Rule Changes to Ease Rising Household Debt

The Australian Prudential Regulation Authority (APRA) has increased the serviceability buffer in response to concerns around rising household debt levels throughout the nation; advising authorised lenders that when assessing a new borrower’s ability to service their loan payments to work on an interest rate at least 3% higher than the current product loan rate. The previous buffer in place was 2.5%.

APRA Chair Wayne Byres said that whilst they have strong … Read the full post »

Queensland: Australia’s Most Active Property Market

According to the research by the online property exchange network PEXA, more homes were bought and sold in Queensland over the last quarter than in either NSW or Victoria, for possibly the first time in history.

With COVID-jaded Sydneysiders and Melburnians buying up big in the Sunshine State, as well as locals splashing out for their own sea and tree changes, $42 billion worth of property was settled from July to … Read the full post »

Buying Your First Home: 6 Useful Tips

There can almost be nothing more exciting than purchasing your first property; but along with the adrenalin can also come some trepidation – it is a huge financial commitment, the biggest most people make in a lifetime.

Below we have outlined some useful tips to prepare yourself and as a consequence make the process less stressful and daunting, and much smoother.

Pre-Approval: Once you’ve made the decision to enter the market, … Read the full post »

Multiple Offer Situations

The robust state of the property market in key hot spots, such as the Sunshine Coast, is pushing prices upwards, mainly driven by the strength of demand in relation to supply, leading to many sellers (and buyers) facing a multiple offer situation.

It is important that both parties – buyers and sellers, understand what the real estate agent’s obligations are in this scenario, within a legal and ethical context.

Agents have an … Read the full post »

Assistance for First Home Buyers

With housing affordability at crisis levels – for both renters and buyers, the Federal Government recently announced the extension of the New Home Guarantee, and the establishment of a new program called the Family Home Guarantee, to assist people to purchase their first home.

10,000 First Home Loan Deposit Scheme places are available for the 2021-22 financial year; and an additional 10,000 New Home Guarantee places will be available also throughout … Read the full post »

Easements Explained

When buying real estate, particularly for the first time, you sometimes come across some unfamiliar terms, one of them being ‘easement’; we get frequently asked about easements and what they mean.

The legal definition of an easement is “the right to cross or otherwise use a portion of someone else’s land”.   Sometimes the easement is perhaps land that contains essential services; buyers can usually find the necessary information on the location … Read the full post »

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