Posts Tagged ‘Buying’

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 »

Hold on Property Tightens Nationally

Australian homeowners are holding onto their properties for longer than previous years according to CoreLogic; 10 years ago, the average length of time Australians stayed in each property they owned was 7.5 years for houses and 6.5 years for apartments.

The latest analysis by realestate.com.au reveals the average hold time across both houses and units is around three years longer than it was a decade ago.  As of late 2020, we … Read the full post »

Apps to Help you Save Money!

Saving for a house deposit is certainly not easy, particularly in an environment of rising property prices and low wage growth; budgeting is a ‘must’ and there are various ways of doing this from the old-fashioned writing down a checklist or setting up a spreadsheet…and now there are also a number of apps available to assist you to save.

Quite a lot have emerged in recent years, and each adopt a … Read the full post »

Still a Seller’s Market!

Despite the disruption the global pandemic continues to inflict on freedoms and the economy, the Australian property market is still going gangbusters, with home sales continuing to outpace new listings.

According to CoreLogic, the sales-to-new listings ratio hit 1.4 over the three months to July, meaning that for each dwelling added to the market, more than one gets sold.  This ratio has trended ever since June 2020 when the Federal Government … Read the full post »

5 Things Buyers Seeking in a Lockdown Environment

Since 2020, we have all had to adapt to a ‘new normal’ based around the COVID19 pandemic, which has disrupted and adjusted the way we live, do business, and even think.  Until the majority of the country is vaccinated, it appears that we will be living with snap lockdowns and restrictions; this ongoing saga is shaping what buyers (and renters) are seeking in a property.

This may (or may not) eventually … Read the full post »

How Much Equity is in Your Property?

As a property owner, do you know how much equity you have in your property(s) in the current market? Equity changes as market conditions change, and right now in such a booming market, it’s highly likely your equity has risen.

What is equity?

Equity is the amount that you actually own outright of your property; sitting between what you owe and what your property is worth.  Effectively, it is the amount of … Read the full post »

Navigating a Sellers’ Market

It’s no secret that we are in the midst of a property boom, and that means that the pendulum has firmly swung in the favour of sellers, making it a sellers’ market, driven by strong demand from first home buyers, established homeowners, and investors alike, creating a deficit in the supply / demand ratio.

Australia’s leading property data, analytics, and information provider, CoreLogic, estimates that in the three months to May, … Read the full post »

Buying Your First Investment Property

With interest rates remaining at historic lows and rental yields at historic highs, an increasing number of people are considering becoming ‘first time’ property investors.  With soaring house prices, many people have had a substantial equity-boost, simply by way of the market forces, and this increased equity can be borrowed against to invest in another home.  There is also a growing movement of non-homeowners choosing to invest and buy their … Read the full post »

The Federal Budget & The Property Market

Last Tuesday Federal Treasurer Josh Frydenberg delivered the annual budget; a big-spending, jobs-focused budget which contained help for single parents and first home buyers to enter the property market, partially by encouragement incentives for Australians nearing retirement to downsize their homes, in order to free up more housing for younger families and help more people into home ownership.

Those aged over 60 will be allowed to contribute up to $300,000 into … Read the full post »

Disclosure is Critical!

When that pivotal moment arrives and it is time to sign the contract, as a seller you need to be aware of the failure to disclose a statutory or unregistered encumbrance on the contract, can lead to lawful termination of the contract by the buyer.

Many contracts for the sale of land in Queensland place upon the seller of the land an onus to disclose to the buyer not just any … Read the full post »

Regional Markets, Post-Stimulus

Analysis by BIS Oxford Economics, Australia’s leading economic and industry forecaster, predicts that Australia’s regional property market will continue its strong growth into 2023, despite government stimulus packages being withdrawn.

Their research suggests that despite incoming bumps to dwelling supply due to government stimulus money and changing consumer preferences, regional markets are expected to remain tight.

Data released by Domain showed regional areas have outperformed over the last 12 months, with the … Read the full post »

Is the Market Close to Peaking?

Australia’s leading real estate portal CoreLogic reports that the pace of capital gains across Australian housing markets has been close to record breaking, with the national growth rate in March the fastest since 1988.

What has driven the market to these record heights?

It has been a combination of continuing low interest rates, stimulus measures by state and federal governments, unforeseen surge in consumer confidence, and a general tightening of stock levels, … Read the full post »

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