Australian dwelling values increased a further 0.7% in June, taking growth to 8% across the financial year ending June 30. The CoreLogic data suggests the median average value increase for every Australian property was $59,000. The average price of a home – any residence, be it a house, apartment or duplex – is now $794,000.…
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Buying property at auction is very different to that of a private sale with the latter usually a less stressful process. However, sales agents and vendors generally prefer auction sales as they can drive the property price higher and faster. Buyers may also prefer auctions as they can see the competition around them and get…
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Fixer-upper homes can be tempting for buyers daunted by current property prices. Significant value can be achieved by renovating these types of properties and then flipping them to an eager market. There was good news for renovators this month with a new report showing that construction costs and materials are starting to level out after…
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Inheriting a property can be a special, emotional gift to some people, while others will consider it simply a procurement of bricks and mortar. Either way, property inheritance or succession requires the inheritor, or beneficiary, to consider issues such as tax implications and government regulations. The Australian Taxation Office (ATO) says that while there are…
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With rents on the rise and vacancy rates extremely low, renting with roommates has rarely looked so attractive. At the same time, caution is needed, especially when renting with others. Negotiations to create a cohabitation deal are crucial, and you’ll need to be prepared to make compromises. Firstly, splitting the rent with roommates should be…
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When planning to sell your home, it’s natural to want to understand the health of the real estate market and the likelihood you’ll achieve the desired price for your property. Yet, for many owners, today’s marketplace is difficult to read. Currently, we have high interest rates as the Reserve Bank of Australia continues to put…
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Many homeowners will soon begin to consider listing their property for the upcoming spring real estate market. Spring is traditionally a peak time for home sales due to increased buyer activity and favourable weather conditions. As an experienced real estate agency in your area, we’d recommend you begin thinking about a spring sale today. The…
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Even as Australia faces a historic shortage of rental properties, the Australian Taxation Office (ATO) has warned real estate investors their tax returns will be scrutinised closely. The ATO claims nine out of 10 landlords make mistakes in their tax returns, so they’ll receive special attention this year. As an experienced real estate agency with…
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With pressure on the Federal Government to encourage the building of more homes to ease price pressures and the historically tight rental market, new data reveals a slowing in residential construction. The Australian Bureau of Statistics has reported the total number of dwellings approved fell in April. Daniel Rossi, the ABS head of construction statistics,…
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The strength of the Australian residential market continues to power ahead, registering value growth for the 16th successive month. Home values increased 0.8% in May, which is the largest monthly gain since last October. The mid-sized capitals are leading the way. The three hottest cities right now are Perth (+2% in May alone), Adelaide (1.8%)…
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