Industry data shows buyers are watching the property market carefully, unsure how the latest cut in interest rate will affect prices against a backdrop of economic challenges. Smart buyers are already on the move, convinced values will rebound as the cost of mortgages falls. It’s generally accepted that any central bank needs to cut rates…
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As the weather warms, buyers will find an increasing number of homes with swimming pools coming onto the market. Spring and summer are the ideal times to sell a home with a pool, and many buyers will get caught up in the exciting prospect of enjoying hot days in their own pool. For many, it’s…
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Industry data and commentary may suggest the post-Covid rebound in our national real estate market is losing steam, but home-loan data suggests otherwise. In the latest figures released by the Australian Bureau of Statistics, the total value of new housing loans rose 3.9% month-on-month in July to $30.6 billion. Investors are leading the charge. Their…
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The rapid advancement of technology and AI is revolutionising the real estate industry and changing how properties are being bought and sold. Here are four technological advancements that can save you money and time, and reduce stress. Virtual Tours Virtual tours allow buyers to explore properties remotely through immersive 3D walkthroughs and interactive videos. This…
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Signs of an immediate uplift in the momentum of the New Zealand property market have emerged following the Reserve Bank of New Zealand’s decision to cut the Official Cash Rate (OCR) by 0.25%. Taking the OCR to 5.25%, the mid-August move by the Reserve Bank was the first rate cut in more than four years.…
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With a shortage of housing for sale across America right now, buyers are often tempted to ignore the occasional problem in the hope they can win the property to begin the next chapter of their lives. Their hopes often rise when their agent tells them they’ve found a home that meets their criteria – and…
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Becoming a more sophisticated buyer is going to be an increasingly essential skill as you navigate the American real estate scene against the backdrop of falling mortgage costs. The recent decision by the Federal Reserve to cut its cash rate target by 0.5% will likely have a profound impact on the attitude of buyers and…
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New Zealand’s property market continues to show an uneven recovery with luxury areas breaking price records while other regionss struggle against a cocktail of economic malaise and mortgage costs. The bellwether of the Kiwi real estate scene is Auckland, and it’s experiencing fluctuating fortunes. Auckland owners will be happy the cost of an average dwelling…
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Across America, we’ve been experiencing a seller’s market as buyers compete over a limited number of homes for sale amid steep mortgage costs. We’ve also seen something unexpected – an increase in the number of “tiny home” designs coming onto the market to give first-time buyers a foothold in the real estate market. If you…
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Anxiety over mortgage costs has challenged America’s real estate market as buyers try to figure out how the Federal Reserve’s interest policy will hit their household bottom line in the short term. Media consistently reports how many upgraders on 2% mortgage deals now face renegotiated loans demanding 6%-7%, but it doesn’t always have to be…
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