The housing market in Victoria has experienced some price reductions in the last 12-18 months, but here are several good reasons why it is about to turn around and why now might be the best time to buy property. Reasons why it's time to buy property: Reserve Bank of Australia announced a 0.25 per cent rate cut in June 2019. With a further hint of seeing another rate cut as early as next month....
APRA changes make borrowing easier. Post the federal election, the mood in the property market looks active and very promising. There are many good indicators that indicate we are entering a new property cycle. A move that’s going to make it easier for everyday Australians to qualify for a loan. One of those indicators is the recent announcement from Australian Prudential Regulation Authority (APRA)....
When it comes to property buying, there are many types and forms of real estate available. One popular type of property is the house and land package. So what is a house and land package and why is it so popular? There are two types of house and land packages You buy your vacant land and later build your home with a construction loan. Buy the house completed on the developer’s land. The second...
Unfortunately, burglary and home theft is always an ongoing issue Australia wide. It’s not unheard of hearing cases where thieves follow you home, learn when you are at work and discovering ways to enter your home or garage. One of the most popular reasons why Australians buy and occupy Apartments is its enhanced security. Most modern Apartments are harnessed with their own intercom, camera access to...
A property with timber flooring is very popular. They look sophisticated, improve hygiene and often last longer than carpets. However over time with constant walking, the timber flooring can start to creak. There is nothing worse than waking up your partner or child as you head out to work walking of a squeaky floor. Do you have creaking floorboards? Here are three simple tips that may help with those...
According to the Australian Bureau of Statistics (ABS 3131.0 Dec 2018), the three major states of Australia being Sydney, Melbourne and Brisbane are witnessing over 300,000 new residents from overseas each year. This increasing population means that we need more property to house people. In view of the current economical commentary, there has been negative sentiment towards the property market. Some...
Buying property can be fun and exciting. If you have a plan or guide. Here is a manual guide outlining seven important to the buying process of purchasing off the plan: Step 1: Budget, Research and Plan. Talk to us. Its crucial to budget, research, and plan before purchasing any property in Australia. You may have decided on a location or a property, but it’s always helpful to speak to one of our...
Victoria is rezoning 12 new suburbs to potentially house up to 50,000 people to meet the demands of our increasing population. Tim Pallas, treasurer announced that these suburbs located in Melbourne’s west, north, northwest and south east will set motion plans to build new communities. Pallas went on to say, ‘this is critical for keeping house and land packages affordable’. The new communities...
We are blessed that Australia is a civilised country with a reasonably maintained crime rate to other nations throughout the world. It’s not uncommon to meet people who don’t lock their doors or their motor vehicles. Knowing we live in a peaceful environment, you should always still look into the crime rate of the neighbourhood you are intending to buy a property. Regardless if you are buying with...
Buying off the plan allows you to purchase a new property before it exists, providing you with the ability of only paying a 10% deposit and nothing else until the property is built and ready to settle. One of the notable benefits of buying off the plan is “buying more time”. During the construction phase you can continue saving additional money that could be used to contribute a larger property...