Speculating on the value of residential property is something of a national pastime. Whether the market is up, down or sideways, we love to evaluate the value of our home because it’s such a significant part of our personal wealth. Owners of apartments and homes will often jump to conclusions based on what a neighbor…
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The luxury market, in particular, often exhibits unique characteristics and trends that set it apart from the broader housing market. Understanding these dynamics can provide valuable insights for both buyers and sellers across all market segments. Luxury property owners, much like those in other market segments, face a range of challenges and opportunities influenced by…
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A new report has revealed that the majority of property sellers are making a profit on their sales, despite the market’s recalibration due to rising inflation and higher mortgage costs. Some 96% of owners who have sold recently made a profit on their transaction, according to researcher CoreLogic NZ in its residential Pain and Gain…
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Experienced agents are exposed to hundreds of property deals every year, so they know how to read the mood of the seller and negotiate the optimum deal. A good agent will guard against you overpaying for a property because they will know the price trends in the area and understand the future value your property…
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There are two numbers that every owner, buyer and seller is keeping a keen eye on these days: the inflation rate and rising mortgage costs. As many of us are acutely aware, the Reserve Bank of Australia has increased interest rates 10 times in the past 12 months to fight post-pandemic inflation. Now, we may…
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With more than a third of our home loans written on fixed terms, many of us face the prospect of a significant change when these arrangements expire. Industry researcher CoreLogic says the so-called “refinancing cliff” is about to start to bite in Australia. With loan rates currently standing at between 5% to 6.5%, this refinancing…
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The recent sharp fall in property prices which was triggered by interest rate rises has now flattened, according to the latest industry research. CoreLogic’s March housing market update shows national prices dropped an almost imperceptible 0.14% in February, the smallest monthly fall since the Reserve Bank began hiking interest rates last May. CoreLogic also reported…
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As the cost of construction materials begins to level off after the post-Covid supply chain issues, an increasing number of renovation projects are under way. We bring you the Top 5 renovation trends for 2023. Let there be light Architects and designers insist natural light be prioritised. Full-height windows, wraparound glass doors and skylights are…
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The time has come to sell, but you are wondering how much you are realistically likely to get for your property. So where do you go next? Reaching out to a reliable and experienced local real estate agent will give you an opportunity to receive a current market appraisal. This is how the process works:…
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Retiring is a significant life event that can have a major impact on your current housing situation. When it comes to timing, there’s no one-size-fits-all answer. Some retirees choose to move before they retire, while others wait until they have more time to explore their options and then make a move. It’s important to consider…
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