Multi-generational living arrangements are gaining popularity as families seek innovative solutions to address changing social and economic dynamics. This trend reflects a desire to maximize the value of real estate assets while accommodating the needs of extended family members. The concept of multi-generational homes is both visionary and practical, often addressing the challenges faced by…
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The real estate market is constantly evolving, presenting both challenges and opportunities for potential homebuyers. As you enter the market, it’s important to understand that many dynamics come into play, including fluctuating mortgage rates, changing property values, and varying inventory levels. There’s often a mix of cautious buyer optimism coupled with seller motivation that can…
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When considering whether to sell your home or buy a property, understanding the trends and factors that influence property prices is crucial. While local market conditions are the most relevant for individual transactions, broader economic and social trends can set the tone for the overall real estate market. This comprehensive overview aims to shed light…
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A necessary, early action when preparing to enter the property market is finding a good mortgage broker or bank loan officer to help guide you through the buying process. A mortgage broker usually works independently under a franchise arrangement. They offer loans from a relatively wide selection of lenders and will work with you to…
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It’s a good time to be a buyer, with prices trending down and owners with property on the market keen to strike a deal. Many pundits believe we’ve entered a buyer’s market, although the reality of higher interest rates tempers that judgement. As an experienced local agency, we’ve worked through similar economic cycles before. And…
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The rising cost of building materials is slowing, which is great news for owners planning to renovate and buyers looking to find fixer-uppers at a bargain price. The pace of inflation and scarcity of building materials has seen many renovators and property bargain hunters back off for fear they could get caught up in a…
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Real estate markets are influenced by a variety of factors, including economic conditions, government policies, and local trends. These elements can affect property prices and buying conditions differently across various regions. Understanding these influences can help both buyers and sellers make more informed decisions, regardless of current market trends. So, if you are thinking of…
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In recent years, the real estate market has seen a significant shift in what buyers are looking for in a home, and what sellers are offering to stand out in a competitive market. One of the most notable trends is the increasing importance of smart home technology. This evolving landscape is reshaping how properties are…
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Adopting a cautious approach to real estate as we get into 2023 properly is understandable. Whether buying, selling or both, there’s plenty to consider. But don’t over-complicate the situation. Creating wealth through real estate is a long game, and short-term concerns such as interest rates can be an unnecessary distraction. It’s essential to stay within…
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With property prices tapering since their peak last May, new data from the Australian Bureau of Statistics shows buyers have a rare opportunity to capitalise on the current sentiment in real estate. New loan applications for all housing fell 3.7% at the end of last year, according to the last figures from the ABS. New…
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