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.
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.
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.
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;.
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.
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.
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.
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.
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.
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.
