Posts Tagged ‘Wright Place’

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 »

Long-Term Rates on the Rise

Although the official cash rate remains at historic lows, and the Reserve Bank is not expected to lift interest rates until 2024, some of the major banks have started to raise their long-term fixed-interest rates, with the Commonwealth Bank (CBA), being the latest.

Further hikes expected later this year suggest we could see a tide turning on Australia’s interest rates.  The cost of long-term money for the banks is rising meaning … 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 »

Investors Flooding the Market!

The Australian Bureau of Statistics (ABS) reports indicate that investors are now well and truly back in the property market in large numbers; with March figures demonstrating that the value of national investor lending seasonally adjusted by 12.7% over March to $7.8 billion dollars, the highest monthly total recorded since August 2017.

All states recorded increases in investor activity over March – led by QLD up by 19.0% and followed by … 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 »

First Home Buyers & Possible Lending Restrictions

According to leading industry experts, it will be first home buyers amongst the hardest hit if APRA (Australian Prudential Regulation Authority) responds to growing pressure to limit home lending, as fears are being raised about buyers extending themselves beyond reasonable limits in this environment of a booming market.

Throughout the nation, almost every market has experienced a significant spike in activity since the end of 2020, with home values rising at … Read the full post »

Buying a Strata Title Property

Historically, first-home buyers have purchased a house (or land) in the suburbs; however, with the ever-changing socio-economic landscape coupled with housing affordability issues, as well as the shift towards easy-care low maintenance living – an increasing number of buyers are purchasing properties in a community titles scheme, i.e., townhouse, unit, or apartment.

What is a strata title?

Strata title is a method of facilitating individual ownership of part of a lot/unit whilst … Read the full post »

Selling in Cooler Months

Traditionally, the real estate market is widely acknowledged as having its busiest activity occur across the season of spring – warmer weather, blossoming flowers, heightened levels of optimism in general, along with the motivation of moving and being settled into a new property by Christmas.

However, when the market is as buoyant as it is right now, the onset of winter is unlikely to slow the momentum that has swept across … Read the full post »

Happy Easter

Well, it’s Easter-Eve, so (most) of us are preparing for some sort of break, whilst some of us with school-aged children may also be on holidays.  Here on the Sunshine Coast, we are so blessed with so much to do on our doorstep, it doesn’t matter if you can’t get away on holidays, you can have a fabulous ‘Staycation’ at home!

Below are just a few of the many things to … Read the full post »

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