Buying your first property is an unforgettable experience, and it’s one of the most important decisions you’ll make to set yourself on the path of wealth creation. But, owning a first home can also be unforgettable if you’ve never redecorated or renovated before. Figuring out how to hang wallpaper or what colour to paint a…
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One of the questions being asked by followers and active participants in real estate is, what does Australia’s highest inflation rate in 32 years mean for property prices? If the Reserve Bank of Australia (RBA) is slow in achieving a reduction in the current rate of 6.9%, will this mean a continuation of the price…
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With the real estate sector realigning itself to more usual behaviour after the amazing double-digit growth trends of the past two years, the savvy buyers who’ve stayed in the market are scouring listings and quizzing agents for bargains. And while buyers might not be displaying the exuberance of the past two years, plenty are seeking…
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We’re entering an interesting period in the real estate market as interest rates climb; buyers will start to low-ball offers and sellers will hold on to an asking price they might have achieved 12 months ago. So most people in the market today will need to buckle in for some initial disappointment and frustration but…
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Applying for your first mortgage can be nerve-wracking as it determines how much a lender will offer as a mortgage and whether that’s sufficient to purchase a suitable property in your target location. Your first goal must be to secure pre-approval. This is a conditional promise of a mortgage based on your financial situation. With…
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Very quickly, it’s become a confusing time for first-time buyers who’ve set their hearts on owning a property and have been saving diligently, possibly for years, to make their dream come true. Changing interest rates have made the mortgage and refinancing landscape a moveable feast. If you’ve never had to figure out how the impact…
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There’s a moment when you’re in the market for a property that you must decide it’s time to stop looking and to start buying. Many people find this part of their search the most confrontational. But it can be easily avoided by researching the availability of your target style of property in your preferred suburbs.…
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Rent rises across our nation are persuading many householders that it’s time to own their home and face down rising inflation and mortgage costs. New data from Redfin shows rents for apartments have increased 15% across the US in the past 12 months, and the median rent has risen above $2,000 for the first time.…
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The exhilaration of buying a first property is unforgettable: your home is full of endless possibilities. As a first-time owner, you’re likely to want to put your mark on your new home, and that means hitting the furniture stores and redecorating. But, don’t be too hasty because if you rush the process, you also risk…
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Losing a property you had your heart set on can be disappointing, but you must ensure that it doesn’t turn you into a vulnerable buyer. You must remind yourself to fight the emotions of missing out and stick to the fundamentals of a property search. Whatever you do, don’t fall into the trap of feeling…
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