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.
8 roles in real estate
At the end of 2021, Australian Bureau of Statistics revealed around 431,000 people were employed in rental, hiring and real estate services. You well may be wondering what some of the roles are – well there are quite a few, but here are eight for starters: Sales agent This is us! Whether it’s an investment.
Buy now or wait and see?
There’s no hiding from the seemingly grim headlines at the moment; the Reserve Bank of Australia (RBA) raised its cash rate yet again this month to 25 basis points to 2.6%, and CoreLogic reported a further fall in housing values through the first month of spring, with the national Home Value Index (HVI) recording a.
How to get the best price for your property
Preparing and presenting your property are very important parts in the sales process, but the key to getting the best price for your property is selecting the right agent. First and foremost, you need to choose an agent who knows your area well, but in the Newcastle area, there are over 150 agencies registered with.
How to maximise renovations for good returns
With interest rates on the rise, many investment property owners may be looking at ways they can increase their rent. If improvements are made to a property, rent can be increased, so long as it’s fair and timely – read our blog about rent increases. The best time to renovate a property is when a.