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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RBA Raises Interest Rate to 0.85%
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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