At its monthly meeting today, the RBA once again has decided to raise Australia's cash rate by 50 basis points, taking it up to 1.85%, with predictions of more hikes to come over the coming months. As stated in Domain's article today, in a statement by RBA governor Philip Lowe, recent increases in interest rates were required to bring inflation back to target, while also flagging further rate …
8 Home Improvements that won’t Add Value to your Property
Renovations can drastically change the value of your home, but knowing what upgrades are worth the investment, versus what upgrades won't add value is vital when it comes time to sell your property. When renovating, always keep in mind what is going to appeal to a future buyer when the time comes to eventually sell. Recently, Wendy spoke with nine.com.au about what home improvements don't add …
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Do you want to sell your home but don’t know where to start?
At Chamberlain Property Advocates, we are not just here to solely help you sell your home when your house goes live. We are there to help you from the beginning. Our services range from advice, to staging assistance, to helping you coordinate any maintenance checklists before you list your home on the market. One of our recent clients was selling their home, but to get the best possible …
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Are you eligible for the First Home Buyer Guarantee?
The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme, an Australian Government initiative to support eligible first home buyers purchase a home sooner. It is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government. Under the FHBG, part of an eligible first home buyer’s home loan from a Participating Lender is …
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Is a Buyers Advocate worth it?
It's no secret that moving can be an expensive and stressful process and many might be hesitant in the extra cost of engaging a Buyers Advocate. Let me ask you, are you feeling overwhelmed at the thought of moving and the process involved in buying a home? Are you a first-home buyer that has no idea where to start? Do you know how to find out if you're paying too much for a property? Do you …
RBA Raises Interest Rate to 1.35%
Today the RBA raised the interest rate to 1.35%, a further 50 basis points from their rise in June 2022, marking its third monthly rate rise in a row. As stated in Domain's article today, in a statement following today’s decision, Mr Lowe said inflation was expected to peak later this year before settling into the Bank’s target 2 to 3 per cent range next year as global supply issues ease and …
Do you know how a Buyers Advocate can help you?
A Buyers Advocate, also called a Buyers Agent, is a licensed professional that acts solely on behalf of the buyer. A buyers advocate specialises in searching for a suitable property, depending on the needs of the buyer, evaluating each property, then negotiating the best possible price on behalf of the buyer. A buyers advocate does not sell real estate. The key difference between a …
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Buyer’s Fatigue – is it a thing?
After watching the Melbourne real estate prices and demand sky rocket, it is no wonder we are seeing home buyers feeling burnt out and disappointed. They are doing all the right things, and are still missing out. A client of ours recently asked, "how can we get into the market?". The good news is that the housing marketing is cooling down, and we are finding it a lot easier for our clients to …
All you need to know about the Victoria Home Buyer Fund
If you're looking to buy a home in Melbourne, you may be eligible to receive a contribution of up to 25% of the purchase price of your home. The State Revenue Office is administering a Homebuyer Fund on behalf of the Department of Treasury and Finance. Eligible homebuyers can now receive a contribution of up to 25% towards the purchase price of their property, reducing their minimum required …
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What Buyers are looking for when purchasing a home
When purchasing a home, buyers tend to have a list of criteria that they are looking for. For each home buyer, it differs. Whilst some look for flat homes and a big backyard, others might opt for an apartment in the city center. A recent article from Realestate.com.au, shows that the pandemic has changed a lot of home buyers priorities, and things that were once considered a luxury, are now …
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