Domain suggests some tips for first-home buyers, upsizers and investors on how to buy a property in 2020. See the full article here. Whether you’re a first-home buyer, an upsizer or an investor, now is the time to take advantage of the current low interest rates and easier credit standards. Lenders are more
Tag: News
FHLDS On Wednesday, January 1st 2020, the Australian Government released a First Home Load Deposit Scheme (FHLDS). This scheme will support 10,000 first home owners with purchasing a new home within this financial year. Those eligible for this scheme will only need to pay as little as 5% deposit, with the rest
BUSHFIRES Melbourne’s weather these past weeks have been a mixture of sunny, windy, smoky and rainy. The weather has been especially hectic this past week in Melbourne. Despite a few days of heavy rainfall, Australia is still threatened by the ongoing bushfires. More than 10 million hectares of land have been burnt across
The Australia Bureau of Statistics (ABS) has just released a Residential Property Price Report for the last quarter (from July to September). These quarterly reports provide Key Points for any changes in Residential Property Prices. The September quarter key statistics is summarised in the table below: Residential property prices Jun Qtr 2019 to Sep Qtr
Melbourne and Sydney’s property market may recover faster than expected! It’s predicted that within 12 months, prices will reach their peaks again. The recent low interest rates and simpler credit standards has given a boost in the recent growth in property prices. Although many economists predicted this growth, the growth is rebounding stronger and
Look forward to a $2b Business Park in Melbourne’s West launched by Stockland! The first stage of this project (worth $190 million) between Stockland and the landowners of Mount Atkinson Holdings will result in close to 5000 residential lots in Truganina. This 260-hectare park already has 11 lots sold, and another 5-6 lots
Analysts from SQM Research predicts Melbourne and Sydney home prices will rise to double digits in 2020! Managing Director of SQM Research, Louis Christopher, proposes many future scenarios. After considering many factors, he suggests this ideal scenario. In this ideal scenario, Melbourne prices would rise 12 to 17 per cent and Sydney prices
Melbourne and Sydney have shown a large increase in house pricing this past month (October 2019). For the month of October, Melbourne had an increase in housing prices of 2.3 per cent – a rate not seen since 10 years ago. Sydney did not fall behind by much, with prices increasing by 1.7 per
Want to know which Melbourne suburbs are ranked most affordable and livable? These suburbs were ranked by People’s Choice based on factors such as: a median house price below an average couple’s after-tax combined income of $2,312 per week – roughly $750,000; low crime rates and low unemployment; accessibility to CBD; public transport coverage;
With house prices rising, how does one get around with paying less or earning more? Behavioural economics have provided some insights on how to save tens, hundreds, or even thousands on a home. Many irrational factors affecting how much people pay for a home have been discussed. Auctions are generally preferred over private