As of July 1, the federal government has made another 40,000 places available in its Home Guarantee Scheme (HGS) for first home buyers and single parents. Under the HGS, eligible buyers can purchase a residential property with a very small deposit, without having to pay lender’s mortgage insurance. Income caps and property price caps apply.…
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It’s exciting yet testing times if you’re in the market and seeking your first home. Your radar will be finely tuned for price reductions while watching the interest rate picture. The old cliché about swings and roundabouts comes to mind in this situation. What you may lose in higher mortgage payments, you’ll likely gain in…
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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. And if you’ve achieved this goal during the current economic times, you’ve done incredibly well – Congratulations! As an experienced agency in your area, we know that…
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The record rainfall that has hit Australia this year has been accompanied by uncommonly cold weather that has exposed flaws in the insulation of many homes. Utility prices aren’t the only things going through the roof – so is the heat you’ve spent so much to generate to keep you warm. Generally, Australian homes are…
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Shop around Lenders always need to win new customers, even in tougher times. Do not discount the fact other institutions will want to win your business. Good deals are often available to those prepared to swap lenders. Simple changes Assess your spending habits. Making cutbacks that won’t destroy your lifestyle may ease the pain. Even…
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Downsizing your property is often described as the ideal solution to every homeowner’s cash flow challenge once they retire. The instruction is simple: sell the family home, buy a smaller one and pocket the profit. This basic strategy for downsizing is on the mind of an increasing number of homeowners in the current environment of…
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If you want to improve your home but have put the idea on hold because of the increasing cost of living, we have a few ideas to help you; and you don’t have to go crazy at Bunnings or on Gumtree or eBay to make great changes that will lift your spirits. Sometimes, owners become…
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A rental crisis that has struck post-lockdown Australia is allowing investors an opportunity to re-enter the market with an almost iron-clad guarantee of finding tenants. Rents have risen almost 12% in the past 12 months and the vacancy rate stands at an incredible 1%, according to new data from SQM Research. These factors, combined with…
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Strong rental returns is one reason why investors are being lured back into the property market after many sold for capital gain 12 months ago when values were up 20% plus year-on-year. The real estate picture is not precisely the same as many investors left it – properties values are higher but interest rates are…
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Buying and selling a home is not something most people do more than a few times in their lives. It’s easy to make basic errors or assumptions when you’re not used to the real estate market, which has some unique facets. Some behaviours tend to crop up time and again. To help make the transaction…
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