First home buyer activity at highest level in years

First home buyer activity at highest level in years

Tweet First home buyers are making a dramatic comeback, with loans to the buyer group hitting a six-year high. The latest ABS Housing Finance figures reveal that first home buyers made up 18.1 per cent of all new mortgages given out during June. The volume of first home buyer occupier lending went up by 11.4 per cent in the 12 months to June, likely spurred on by new government incentives brought in at both a state and federal level last year. Housing Industry Association senior economist Shane Garrett has noted other reasons why first home...

read more

Should you DIY or call in the experts?

Should you DIY or call in the experts?

Tweet Renovating can be expensive so it’s understandable that a lot of people hope to save some money by doing the hard work themselves. While do-it-yourself renovations can be a great way to improve your home on a budget, it’s important to be aware of your limitations. Some things are easy to tackle on your own, but others really do require a professional to carry out the job properly. Dodgy work can be dangerous and it can even devalue your home, so its important that you get the work done right the first time around. A few renovation...

read more

Falling Aussie dollar could lead to interest rate hike

Falling Aussie dollar could lead to interest rate hike

Tweet The Reserve Bank of Australia will be sitting for its monthly meeting tomorrow and the question on everyone’s mind is whether interest rates are finally going to change after a record long period of holding steady. While most believe that the official cash rate will remain on hold for August at least, there is a warning from a Moody’s Investors Services report that a rise is imminent. The report said that ongoing falls in the Australian dollar could put pressure on the Reserve Bank to lift interest rates to combat price...

read more

Should you sell or hold when property prices fall?

Should you sell or hold when property prices fall?

Tweet Australian property prices have fallen 0.8 per cent in the past year according to data from CoreLogic, and many are wondering whether that trend is set to continue. Westpac’s monthly consumer sentiment report seems to show that most Australians don’t expect that trend to change and expect home prices to remain flat or to go lower over the next year. Is now the time to sell up? A gut response for many property owners may be to sell their property before prices get any lower however people shouldn’t be too quick to put up a ‘for...

read more

What to do when your home just won’t sell

What to do when your home just won’t sell

Tweet Have a property on the market that isn’t getting the interest you had hoped for? When you put a lot of effort into listing a property it can be a very frustrating experience when it isn’t pulling in any offers. But no matter the situation it’s important for sellers not to lose hope. There are usually a number of options available to help turn things around and get a property sold. Rethink your advertising If you’re not getting a lot of buyer enquiries then ask yourself how effective your advertising campaign is. Most buyers...

read more