There are a lot of jobs to do around the home that will improve its value. But there are also several that you should never touch. Sometimes, expert tradespeople are required for tasks where a willing DIY-er should never stray. Enthusiastic DIY that lacks a professional quality can also detrimentally affect the value of your…
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The quick change in our economic landscape should give many homeowners a reason to evaluate their mortgage situation. As a respected agency in your area, we have experienced this scenario before and understand how tightening economic conditions and rising mortgage payments affect our clients. Below, we’ve offered a short list of basic advice on how…
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As Australia’s aging population becomes increasingly cash-poor and asset-rich, the option to downsize their properties becomes increasingly attractive. Once the children have flown the coop, hanging on to the family home becomes needlessly expensive, especially in these days of skyrocketing gas and electricity prices. Generally, the family home can be said to be “not fit…
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The headlines declaring another building company is on the brink of collapse due to increased construction costs are becoming alarmingly regular. And it’s dissuading many homeowners from renovating, fearing spiralling building and labour costs or worse: handing over tens of thousands of dollars to a builder who goes under and takes the cash with them.…
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When it comes to buying a first home, size really does matter. Larger, family homes are usually beyond the price range of a first-time buyer and have prompted an increase in building approvals for new terraces, townhouses and duplexes. The increase in medium-density approvals provides an opportunity for first-home buyers who don’t necessarily want to…
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Australia is going through a nationwide rental shortage with vacancy rates in some of our capital cities and regional centres running at just 1% or below. There are currently 2.6 million Australians who live in a rental property. Many landlords have used the accommodation shortage as an opportunity to increase rents. Reports of 10% to…
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Property prices are under the microscope right now because the market is anxious to gauge the impact of interest rate rises. But you can definitely overdo the analysis. National averages of residential property for detached houses and units have their use, but they’re not definitive for your personal situation. Australia consists of thousands of micro-markets,…
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The transition of the property market to more usual behaviour presents an opportunity for many buyers frustrated by consistently losing auction bidding wars. Markets across Australia are showing the first signs of cooling in response to the Reserve Bank of Australia (RBA) hiking its target cash rate. For buyers, the good news is that prices…
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If you’re planning to put your home on the market this coming spring, recent events in the property market may have caused you to pause and re-evaluate. And that’s understandable. But the positive news is that the leading real estate researcher, CoreLogic, suggests our transition from a booming market to more normal behaviour will be…
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As we enter a calmer real estate market after 30% plus growth in values over the past two years, it’s interesting to see property hailed as the top reason for increasing our household wealth. According to the Australian Bureau of Statistics (ABS), individual wealth stands at a record $574,807. Residential property had contributed 1.4% to…
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