What to budget for when selling your home
From marketing expenses and contract preparation to renovations to add value, there’s lots to consider when selling your home. Here are some of the main ones to consider: Legal costs When selling a property, you do really want to ensure all the paperwork is in order. The main legal requirements include: Contract preparation Prepared by.
Newcastle house prices still higher than a year ago
Welcome to 2023! Last year saw a rapidly rising serious peak in the property market and while interest rates and economic factors are now playing a major role in property prices in the short term, let’s take a critical look at what the data is saying. Data has long played a role in property, and.
Newcastle and Lake Macquarie house price rate of decline eases
The latest report from CoreLogic is the Christmas news we’ve been waiting for; according to the data specialist’s latest Home Value Index the fall in house values has begun to ease in our region. CoreLogic’s research director, Tim Lawless, said the easing in the rate of decline is mostly emanating from the Sydney and Melbourne.
Vacancy rates in Newcastle and Lake Macquarie
The CoreLogic home value report shows while housing is taking a relative downfall, rental value growth actually remains high across Australia; the report suggest regional rents are up 25.5%., and indeed, we have seen rents increase over the past few months, although not by this much. What this means is, as rents continue to rise.
Newcastle and Lake Macquarie market update – it’s not as bad as you think!
You’d be forgiven for being a little disheartened about CoreLogic’s latest Regional Market Update; the report suggests house values in Newcastle and Lake Macquarie recorded falls of 6 % over the last three months while unit values experienced a drop of 1.9 %. However, three months can be a short time in the property market;.
What the Federal budget means for homebuyers
Home buyers were potentially among the winners in last month’s the Federal Budget. Keen to address housing affordability through increasing supply as well as encouraging institutional investment, the government announced a range of measures which included removing tax barriers to residential development projects. Plus, it confirmed a number of schemes that pre-dated the budget are.
What to look for in a good mortgage broker
With seven consecutive months of rate rises, many mortgage holders are probably reassessing their finances and may be looking to change their loan. This is by no means an easy task; according to one comparison website, there are 5400+ loans available. While having choices at your fingertips gives more opportunities, inputting your details, reading all.
First home buyers can swap stamp duty for ongoing land tax
As part of the 2022-23 Budget, the NSW Government announced that eligible first home buyers will have the choice of a smaller annual property payment (ongoing land tax) or a traditional upfront payment (stamp duty) for properties with a purchase price of up to $1.5 million. Legislation recently introduced to parliament proposed first home buyers.