Archive for the ‘Buy’ Category

Will Australia’s Newest Generation Take Over the Property Market?

The country is outgrowing expectations and there is no sign of slowing down. Over the past 8 years our population growth rate has ranged from 1.49% to 1.67%, equating to almost 400,000 additional residents to the population each year. It was only mid-2018 when Australia’s population surpassed 25 million, a milestone met 33 years before expectations – now we are likely to hit 26 million within the next 18 months. It doesn’t take an expert to recognise that Australia’s population is changing rapidly. It’s shaping the way that we live throughout all our major urban centres and capital cities. All you have to do is look... View article »
Posted in Buy, Latest news, News on 27th August, 2019

How to choose your forever home and why it is a smart way to buy

A “forever home” – one you’ll own and live in for at least 15 to 20 years can offer more stability than constantly upgrading. It’s a purchase that makes most sense when work and family dynamics are expected to remain relatively stable, allowing home owners to settle in and take advantage of the benefits of long-term ownership. For home owners who upgrade frequently, high transaction costs mean considerable growth is necessarily before moving on, but that’s less of an issue with forever homes. The major benefit is minimising buying and holding costs because this is usually our most expensive asset in life. Compared with an investment property, a forever home... View article »
Posted in Buy, Latest news, News on 21st August, 2019

Even lower rates are on a way – says Governor Lowe

Lowe said in May that while the Reserve Bank had long thought an unemployment rate of 5% was the best that could be achieved without generating worrying inflation, that view has now changed: From today’s perspective, I think we can do better than this. My judgement of the accumulating evidence is that the Australian economy can support an unemployment rate of below 5% without raising inflation concerns. The Reserve Bank should be able to cut interest rates until unemployment fell below 5% and approached 4.5% without worrying about inflation, Lowe argued. It would likely be appropriate to cut interest rates and keep cutting... View article »
Posted in Buy, Latest news, News, Sell on 12th August, 2019

Property prices are set to rise in every capital city

The experts, on average, now anticipate the property market will be on the way up over the next year. Graham Cooke, insights manager at Finder, said it’s too soon to tell if this is an emerging recovery in the housing market, but it’s clear that the full effects of the RBA’s recent cuts have yet to play out. After one of the strongest weekend clearance rates in Sydney in recent months (71%), there is definitely a detectable pulse,” Cooke said. Predicted Unit Prices  by August 2020 Prospective first-time buyers should look at arranging pre-approval for finance soon if they want to take advantage of... View article »
Posted in Buy, Latest news, News, Sell on 8th August, 2019

Property Nest Questions & Answers: Market wrap July 2019 and “What questions should you ask yourself before selling your home?”

Selling your home is a big deal. Whether you’re selling for the first time or for the fifth there is a lot that goes into the sale of your residence. Before you can ask questions like ‘how do I sell my home?’ you’ll need to ask yourself ‘am I ready to?’ Knowing you’re ready to sell isn’t as easy as waking up and deciding to. It’s never going to be the perfect time to move on from your current place, however there are ways to know if it’s a good opportunity, and a good decision, for you, your family, and your... View article »
Posted in Buy, Latest news, News, Sell on 31st July, 2019

Newington Market Update July 2019

Agent Stevan summarises the biggest property market events over the last four weeks between mid June till mid July 2019. - Interest rate cut - Changes to home-loan serviceability floor rates - Newington, NSW market update NZ and Westpac have changed their respective home-loan serviceability floor rates while increasing their buffer rates to 2.5%. Westpac will assess home loan borrowers against their capacity to repay the loan at 5.75 per cent, a reduction from 7.25 per cent, in a move that should make it easier for people to secure loans. The bank moved just days after the ANZ Banking Group became the first lender to... View article »
Posted in Buy, Latest news, News, Sell on 19th July, 2019

What is going to shape the future of our cities?

What factors are going to make some locations and certain properties outperform the averages in the future? There’s no doubt that the significant property price growth that we’ve enjoyed over the last couple of decades, particularly in our big capital cities, have come about because of two major factors: Lower interest rates Two income households So, what’s ahead for the future? Let’s now look at some trends that will shape the future of our property markets. 1. Lower interest rates A long period of low interest rates. In fact, this is likely to be the case for up to a decade. That’s because the RBA... View article »
Posted in Buy, Latest news, News, Sell on 4th July, 2019

Fear and Investment Properties

Research conducted by associates of Cornell University suggests that as humans we make approximately 35,000 decisions each day. The importance of each ranges widely from what to eat in the morning, right up to life changing decisions such as who to marry and where to live. As a result, effective decision making can be one of the most important skills a person will ever learn. Fear is the death of logic and often acts as a negative motivator. Overcoming fear is a practice that is critical when investing. Your choices around where and what to purchase should be based on knowledge... View article »
Posted in Buy, Latest news, Sell on 24th June, 2019

Sydney and Melbourne auction sales hit year highs

Sydney and Melbourne property markets had their strongest auction performance in more than a year, following a period of declining property prices and sluggish sales. The return of confidence has been credited to multiple factors including cheaper borrowing due to an interest rate cut, and the preservation of negative gearing and capital gains concessions following the federal election. Commentators say if strong auctions numbers continue, it may indicate that declines in Sydney and Melbourne markets have run their course. After a prolonged period of decline in Sydney and Melbourne – which saw real prices fall 16.5% and 11.8% respectively from their recent peaks... View article »
Posted in Buy, Latest news, News, Sell on 18th June, 2019

Property Nest Questions & Answers Round 7: Serious Buyers

With more buyer and seller confidence returning to the market, this week agent Stevan shares a “To Do List for Serious Buyers”. Have your finance approved. Choose reputable agent. Do suburb due diligence. Ask yourself, how long are you planning to live in a property? Have a question about Property market? Send it to info@propertynest.com.au or simply via Online form and watch your question answered in a next episode.   View article »
Posted in Buy, Latest news, News, Sell on 7th June, 2019