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Do voters want negative gearing to change?

Posted by on May 2, 2019 in Real Estate News | 0 comments

Do voters want negative gearing to change?

Everybody has been given the chance to find out where they sit on the political spectrum thanks to the popular ABC Vote Compass survey, which has provided some useful insights about how Australian voters view particular policies. One of the highly contentious policy debates of this year’s election is undoubtedly negative gearing, with the Labor Party planning to limit negative gearing to new housing from January 1 next year. So what do voters really think about this strategy – are they for or against it? Vote Compass data...

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Aussie borrowers are confused about basic mortgage concepts

Posted by on Apr 30, 2019 in Real Estate News | 0 comments

Aussie borrowers are confused about basic mortgage concepts

Despite property being one of the biggest financial investments that many will make in their lifetime, new research has found that almost half of property seekers don’t understand some common mortgage terms. Westpac’s Westpac’s latest Home Ownership Report, which surveyed over 1,000 Australian home owners looking to purchase their next property, found that almost half didn’t understand some key home financial concepts, such as ‘equity’ (49%), an ‘offset account’ (48%) or exactly what refinancing is (41%). These...

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What are downsizers looking for?

Posted by on Apr 26, 2019 in Real Estate Tips | 0 comments

What are downsizers looking for?

Downsizing has become an increasing trend in many parts of the country, particularly in areas that have seen large increases in value in the past few years. People downsize for a number of reasons, it might be to free up their finances, for a lifestyle change, or to enjoy a property that is fuss-free. Downsizers aren’t just people that are retired, like any other type of buyer they are a diverse crowd and some may just be individuals or families that have decided they want a home that is easier to manage. There are some key...

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The good and the bad from scrapping negative gearing

Posted by on Apr 23, 2019 in Real Estate News | 0 comments

The good and the bad from scrapping negative gearing

Negative gearing is a hot topic of discussion in the lead-up to the Federal Election on May 18, but what would changes to the current policy really mean for Australians? For those confused about what negative gearing means, it’s essentially when the income from an investment property (i.e. the rent) is exceeded by the costs to hold into it. While making a loss on a property is never the ultimate goal of an investor, Australia’s negative gearing policy currently allows property investors to deduct their property losses from their...

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Tips to help you get a head start on your Easter property hunt

Posted by on Apr 18, 2019 in Real Estate Tips | 0 comments

Tips to help you get a head start on your Easter property hunt

The Australian property may be cooling, but there’s still going to be plenty of buyers around over Easter looking for their dream home. Some buyers may think that they have better odds in securing a home because the market is slower, however competition for a property can become fierce from just one or two other interested buyers involved. To ensure you don’t miss out to another buyer it’s best to get organised before you start your property hunt. Determine your borrowing power It’s not as easy to borrow money as it...

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4 easy home projects you can complete over the Easter weekend

Posted by on Apr 16, 2019 in Real Estate Tips | 0 comments

4 easy home projects you can complete over the Easter weekend

With many people having four days off over the Easter weekend (and the ANZAC Day public holiday coming up too!) there’s no doubt that a lot of much needed DIY home projects will be getting underway. Spending some time refreshing your home over Easter is a great idea for those who need to prepare their home for sale, or even for those who are just looking for a simple update. Since there is only so much you can get done in a long weekend you may need to prioritise what gets done. Here are some ideas that will make sure your...

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What does the 2019 Federal Budget mean for property?

Posted by on Apr 11, 2019 in Real Estate News | 0 comments

What does the 2019 Federal Budget mean for property?

If you were hoping that the latest federal budget would throw a bit of money your way to help make breaking into the property market easier, you’re going to be a little disappointed. However this year’s budget does feature policies that may indirectly help you on your homebuyer journey. Tax cuts Having a bit more disposable income is one way to help Australians save for that all-important deposit. The latest budget includes plans for tax relief for those earning up to $126,000 per year. Those in the $48,000 to $90,000 per...

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New report reveals time needed to save for a house deposit in Melbourne

Posted by on Apr 9, 2019 in Real Estate News | 0 comments

New report reveals time needed to save for a house deposit in Melbourne

The property market isn’t all doom and gloom, with a new report from Domain finding that first-home buyers are in a much better position to buy in Australia’s most expensive cities than they were a year ago. The Domain First-Home Buyer Report for March 2019 analysed entry-level property prices in the most affordable areas of Australia’s capital cities, to identify how long it would take to save for a 20 per cent home deposit. Surprise, surprise, the Sydney property market is the toughest to break into in the country, however...

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How far does $1 million go in Sydney and Melbourne?

Posted by on Apr 4, 2019 in Real Estate News | 0 comments

How far does $1 million go in Sydney and Melbourne?

While housing affordability continues to be an issue for those buying in the Sydney and Melbourne property markets, at least $1 million can buy you more than a single bedroom. According to The Wealth Report 2019 by Knight Frank, US$1 million will only buy you 16 square metres (or the equivalent of one bedroom) of luxury internal floor space in Monaco, making it the most expensive city in the world. You won’t be able to buy much more in Hong Kong, the second most expensive city in the world, where US$1 million will buy you...

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Is an older home right for you?

Posted by on Apr 2, 2019 in Real Estate Tips | 0 comments

Is an older home right for you?

Whether to buy a brand new home or an established property is an age-old property debate, with many homebuyers firmly on one side of the fence or the other. It’s not uncommon for first home buyers in particular to be attracted to new homes, where they can take advantage of government grants and move in with the knowledge that the home is new and up to modern day living standards. However while an older home may not have all the mod-cons that a lot of people have become accustomed to, there is a lot to be said about buying a home...

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