3 things to ignore on your property hunt

3 things to ignore on your property hunt

Tweet Most buyers have a mile long list of all of the things they absolutely should pay attention to while on the hunt for their dream property, but there are also a few little known things that should be ignored, if possible. Ugly colour schemes While the colour of a room may be the first thing you notice, you shouldn’t let this detract you from noticing other more important property elements. Look out for things like the shape of a room, or whether there are built-ins and windows, rather than worrying about paint colours....

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Young Aussies rate home ownership above travel and career

Young Aussies rate home ownership above travel and career

Tweet People’s priorities may change throughout their lives, but for those under 30 it seems that home ownership is high on the list of wants, beating out travel and other life events. The finding comes from a survey commissioned by comparison website, comparethemarket.com.au, which found that owning a property was rated the third most important “life factor” after health and family.  Almost 1300 Australians were asked to take part in the survey and rate from 1 to 5 how important certain life factors were. There were 11...

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Will we finally see interest rates change in June?

Will we finally see interest rates change in June?

Tweet The Reserve Bank of Australia has kept the official cash rate of 1.5 per cent on hold since August 2016, meaning that it’s been 30 months since we have seen any movement, but there is a growing chance that we will see interest rates change soon. RBA Governor Philip Lowe hinted as much last week when he pointed out that growing unemployment and weak wage growth would benefit from a lower cash rate. “A lower cash rate would support employment growth and bring forward the time when inflation is consistent with the...

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Why the first home buyer market is tipped for growth

Why the first home buyer market is tipped for growth

Tweet Things may finally be falling into place for the first home buyer market, with declining property prices and industry and regulatory changes making that first step into the property market easier than it has been for a long time. No more mortgage ‘stress tests’ Getting home loan approval can be a big hurdle for a lot of first time buyers, but the APRA has recently announced it will be softening rules around mortgage stress tests, which should make things a little easier for borrowers. The ‘stress test’ meant that...

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The pros and cons of living in an apartment over a house

The pros and cons of living in an apartment over a house

Tweet Living in a big house with a white picket fence out front isn’t for everyone. For one, buying a house is expensive, particular if you live in Sydney or Melbourne, and it can also be a lot of hard work to keep it well maintained. But is living in a smaller property like an apartment a good alternative option? Let’s weigh up some pros and cons of apartment living to help you decide. Pros Low-maintenance – A smaller home means there is less to clean and look after. Plus, the apartment building itself will be looked...

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