Posts Tagged ‘Wright Place’

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 »

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 »

Investment Property: Tax Deductions

Well, we are now six weeks into a new financial year, which means (if you haven’t already) it’s time to think about submitting your tax return.  If you are an investor with a rental property (or properties) there are deductions you can claim for against some of the expenses you incurred during the past financial year.

It is important to note you can only claim deductions for expenses that relate to … Read the full post »

Olympic Fever…What Will it Mean for Property Prices!

Well, despite COVID19 and all that accompanies it, re: lockdowns, border closures etc – the Tokyo Olympics (so far) has been an amazing spectacle, and Australia has achieved some of its best results ever.  Well done Team Australia, and well done to Japan for hosting this complex international event in the midst of a global pandemic.

Unless you’ve been under a rock, you’ll now know that Brisbane has secured the 2032 … Read the full post »

Rental Affordability Crisis

Figures released last week by CoreLogic confirm a strong uplift of 6.6% in rent values over the year; this follows a decade of relatively subdued annual rent growth, averaging 1.8% since June 2011.

Regional lifestyle markets such as the Sunshine Coast and Gold Coast, are two of the areas that have experienced the highest price growth, driven by strong demand, outstripping supply; with weekly rents reaching record heights rivalling parts of … Read the full post »

Indoor Plants: Why We Need Them!

There are many benefits to keeping indoor plants, not only do they enhance the overall appearance of a space and add some personality and warmth into a room, but they have many other benefits including making us feel good!

Below are seven benefits of keeping indoor plants:

Reducing stress levels – studies have found that plants in your home or office can make you feel more comfortable and relaxed.
May sharpen … 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 »

Regional Growth Continues to Trend

The level of movement of capital city dwellers to regional areas is at a three-year high, while net regional migration in the latest quarter is 66 percent higher than a year ago, according to research.

The Commonwealth Bank of Australia (CBA) has released its Regional Movers Index in partnership with the Regional Australia Institute (RAI), which has shown the changes in population flows from capital cities to regional areas.

The index has revealed that … Read the full post »

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