Today's monthly interest rate meeting saw the Reserve Bank of Australia raise the current cash rate to 0.85%, returning to its highest level of since September 2019. This shock move also marks the first back-to-back rate rise in 12 years. In a statement, RBA's Governor Philip Lowe said "today's increase in the interest rates by the Board is a further step in the withdrawal of the extraordinary …
Factors to consider in an Expression of Interest sale
Buying a house isn’t a straightforward process. There are a number of factors and things to consider before making an offer, but one thing most buyers don’t consider is the style of bidding or offer that needs to be presented. In Victoria, there are several styles of bidding or offers – auction, private sale, expression of interest and sale by set date. Each of these styles, come with a …
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Six ways a Buyers Advocate can help you purchase a home
The key difference between a buyer's advocate and a real estate agent is who they represent. A real estate agent is acting on behalf of the seller, also known as the vendor. A buyer's advocate is acting purely on behalf of the buyer, working exclusively for them to achieve the very best outcome for their client. Here are 6 ways a buyer's advocate can work with you to find the right …
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The importance of getting a property inspected before buying
When it comes to buying a home, it is essential to recognise that you are responsible for much of what takes place. Once the transfer of ownership is complete, you are often liable for any pre-existing defects, including illegal alterations to the property. As Consumer Affairs Victoria (CAV) outlines on its Contracts and Disclosure Statements webpage, sellers must provide prospective buyers …
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