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Home loan demand on the rise

Posted by on Dec 18, 2018 in Real Estate News | 0 comments

Home loan demand on the rise

In a positive sign for the property market, recent data has shown that home loan demand has gone up following two months of declines. According to the Australian Bureau of Statistics’ (ABS) housing finance data for October, 52,654 home loans were approved throughout the month. This is an increase of 2.2 per cent on the previous month. The ABS data also revealed that a total of $30 billion of dwelling commitments were made, which was up 2.6 per cent on September. Breaking this figure down, there was an increase of 3.5 per cent for...

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Many first-time buyers are choosing to invest

Posted by on Dec 13, 2018 in Real Estate News | 0 comments

Many first-time buyers are choosing to invest

New research has revealed that one third of first home buyers are choosing to buy an investment property as their first property purchase. According to the 2018 Property Investment Professionals of Australia (PIPA) Investor Sentiment Survey, 36 per cent of first home buyers are choosing to “rentvest” (buy an investment property while continuing to rent) rather than buying a home to move into. PIPA chairman Peter Koulizos noted that the popularity of rentvesting looks to be here to stay as demonstrated by the 63 per cent of survey...

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5 tips for finding a great property deal

Posted by on Dec 11, 2018 in Real Estate Tips | 0 comments

5 tips for finding a great property deal

Property markets around the country have softened, which has left many buyers on the hunt for a fantastic real estate deal. Finding an affordable property can be challenging whether it is a buyer’s or seller’s market however, and you really need to be a little savvy and think outside the square if you want to find a fantastic property at a great price. Get in early The early bird often gets the worm when it comes to buying property. If you’re the first person to make an offer then a seller may take you up on it rather then waiting...

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Domain predicts property market could stabilise in 2019

Posted by on Dec 6, 2018 in Real Estate News | 0 comments

Domain predicts property market could stabilise in 2019

After a year of significant property price falls across the country we could see the market start to stabilise as early as next year before moving into a new growth phase, according to new research from Domain Group. Domain’s Property Price Forecast report looked at the likely scenario of capital city prices over the next two years. It factored in population growth, interest rates, bank lending, unemployment rates and market sentiment. Based on this information it’s predicted that house prices in Sydney and Melbourne will continue to fall...

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Quarter of Aussies leave their front door unlocked

Posted by on Dec 4, 2018 in Real Estate News | 0 comments

Quarter of Aussies leave their front door unlocked

Do you leave your front door unlocked? New research from finder.com.au has found that of the 9.9 million front doors across the country, nearly a quarter (23 per cent) of them are left unlocked. The comparison website surveyed 2,013 Australians and found that fewer than one in three households (30 per cent) use deadbolts on the front door and just over half (53 per cent) have locks installed on their windows. While the majority of the time it is probably harmless to leave a door or window unlocked, home security is important and as Kate...

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Aussies think it’s a great time to buy property

Posted by on Nov 29, 2018 in Real Estate News | 0 comments

Aussies think it’s a great time to buy property

Most Australians think it’s a great time to get into the property market, despite also thinking that house prices will fall further, according to Westpac’s monthly consumer sentiment survey. The survey showed an 11.8 per cent surge in respondents thinking now is the right time to buy a property — this is 17 per cent higher than just a year ago. It seems to be property buyers in NSW who are most keen to get into the market, with the state’s ‘time to buy a dwelling’ index surging 26 per cent to a five-year high. But...

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Why your credit score might have changed recently

Posted by on Nov 27, 2018 in Real Estate News | 0 comments

Why your credit score might have changed recently

There’s a good chance that many Australians would have seen their credit scores go up recently thanks to a national change to credit reporting that happened on July 1. This change, known as Comprehensive Credit Reporting (CCR), means that lenders are now required to share a customer’s full credit history with each other, both positive and negative, so they can see a clearer picture of your financial past. Previously, lenders only needed to share negative information such as defaults and overdue payments etc., but now positive information,...

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The 3 ways you can grow your home equity

Posted by on Nov 22, 2018 in Real Estate Tips | 0 comments

The 3 ways you can grow your home equity

The way to create wealth through home ownership is to build up your home equity. Equity is essentially the market value of your property, minus what you owe to the bank. If you‘re paying off the principal of your loan and your property is increasing in value then you should be steadily building up the amount of equity you have. 3 ways to build your equity Increase your mortgage payments First off you should make sure that you choose the right home loan so you’re not paying high rates and have features such as an offset account that can...

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Tips for those selling over the festive season

Posted by on Nov 20, 2018 in Real Estate Tips | 0 comments

Tips for those selling over the festive season

The countdown to Christmas is well and truly underway with just five weeks left until the big day! With not much time left until Christmas Day, some homeowners may hold off on selling their properties until after the New Year, however if you don’t want to wait then there are still plenty of eager buyers around. Families in particular may be trying to secure a home before the start of the 2019 school year. Those who do sell over the Christmas period do need to be aware that it brings about particular circumstances that are unique to this time...

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What to do when your interest-only period expires?

Posted by on Nov 15, 2018 in Real Estate Tips | 0 comments

What to do when your interest-only period expires?

Interest only property loans have been popular amongst investors in recent years, with many hoping to jump on the property bandwagon while making minimal repayments. According to finder.com.au, interest only loans made up 42% of new lending in 2014-2015. With many interest only periods lasting for just 5 years, many borrowers are about to find themselves up for paying both the principal and interest on their loan, which can be a significant increase. Starting to pay off the principal of your loan can be seen as a good thing, as it will help...

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