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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Solar panels have become a significant selling point for homes, especially as power bills are poised to jump by up to 30% across Australia. This environmentally-friendly solution offers considerable advantages. Depending on the size of the system, solar panels can eradicate power bills and give you energy independence. You’ll also reduce your home’s carbon footprint,…
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We all love the occasional dose of celebrity gossip, and it’s been fascinating to watch some of Hollywood’s biggest stars trying to sell properties and avoid a “mansion tax” implemented in the City of Los Angeles. Among the superstars who’ve called their real estate agents are Britney Spears, Jim Carrey, Kylie Jenner and Mark Wahlberg,…
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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 so congratulations! Owning a first home can also be unforgettable if you’ve never…
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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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Installing new carpets is a great way to immediately give any older home or apartment a fresh look. If carpet shopping is a new experience for you, it will pay to do a little research beforehand. Buying the best carpet for the job is not just about looks, you should also consider how much foot…
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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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