A significant change has been made to the home appraisal process, which will affect both first homebuyers and upgraders. Lenders will now be required to implement a borrower-driven process for requesting a Reconsideration of Value (ROV). Essentially, owners of homes can now contact their lender and ask for their home to be revalued so that…
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Have you ever wondered why some houses achieve great sales prices while others are passed in at auction or languish on the market, slowly losing their value in the eyes of buyers? What is the magic formula for a successful property sale? Our agents will tell you there’s no “magic” but a combination of logical…
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Are the bare walls of your home starting to feel blah? Have you been reading some of the popular home interior magazines and discovered the new super-cool wallpapers that are all the rage? And are you just itching to start hanging wallpaper? If you are, we can’t blame you! Wallpaper selection and quality have improved…
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Preparing your home for sale always takes a little time and a touch of elbow grease – after all, you don’t want your potential buyers to experience a cluttered and untidy home. The bathroom and kitchen are often the most time-consuming areas to clean before you open your doors to buyers. These are also the…
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The dark, cold months of winter are yet to arrive, giving homeowners sufficient time to put their homes on the market and capitalise on the autumn selling season. There’s a belief among many homeowners that spring and summer are the best times to sell your home, but that’s a myth. There’s no bad time to…
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New business insolvency data is a sharp reminder for owners and buyers that the building industry is still operating on shaky ground across Australia. Those who want to renovate before selling, or buy land and then build, need to carefully consider their risks before pushing ahead. Insolvency data from the Australian Securities and Investments Commission…
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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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As the old saying goes, life’s only inevitabilities are death and taxes. In the world of real estate, we’re facing not death but a so-called “silver tsunami” of aging owners who want to downsize or move into a retirement village. The need for our seniors to leave their family home is often hampered by transaction…
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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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