As thousands of Americans are trying to figure out the optimum time to put their property on the market and buy their next dream home, it’s interesting to look at the luxury end of the market. Owners of multi-million-dollar properties are facing similar challenges and opportunities as higher mortgage costs are offset by a shortage…
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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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With the property market transitioning to a more familiar sentiment after a two-year boom, it’s never been more important to have a top-quality agent to help you navigate your real estate transaction. Experienced agents are exposed to hundreds of property deals every year, so they know how to read the mood of the seller and…
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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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Maximising the value of your home is likely to be a priority if you have decided it’s time to sell. If you’re a reasonable exponent of DIY, you might want to make some cosmetic improvements to your home. Just use a little caution with the bigger jobs, such as fixing up a bathroom. These are…
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