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With the Melbourne market back into Stage Three restrictions due to mounting cased of coronavirus, buyers appear to be getting used to the "new normal" of online selling options. The Melbourne auction market recorded a 88 percent auction clearance rate (based on REIV data), up from 71 percent last week. At the same time last year, the clearance rate was 76 per cent. This result is …
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Sellng a home these days means you need to be on trend and clutter free with your interior design. Your goal should always be to have the buyer picture him or herself living in their new home - your home! Decluttering is vital, to ensure that any prospective buyer can visualise themselves living in the space. A declutter can include removing bulky appliances, any personal items and ensuring …
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The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. Currently, the Australian economy is experiencing a very difficult period, with the biggest contraction since the 1930s. Since March, over 800,000 people have lost jobs, with many more on reduced hours or under …
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The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. RBA Governor Philip Lowe gave a more positive outlook as the country gradually reopens its economy. He pointed out that their fiscal policy would have to have a more important role than the monetary policy which was the …
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The Reserve Bank of Australia has kept on hold the official cash interest rate at its lowest level of 0.25 percent. The decision was unanimously expected by analysts. RBA Governor Philip Lowe said the country continues to face a difficult period and the outlook remains uncertain at this time. He cited the sharp rise in unemployment as many lost their jobs and financial markets have not …
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The Reserve Bank of Australia has decided to keep the latest record level cash interest rate of 0.25 percent. This is in response to the the corona virus pandemic that has been affecting global economies. RBA Governor Philip Lowe said the pandemic remains a major public health issue and many countries are expected to suffer the consequences. Increases in unemployment is just one of them. He …
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We are open and here to support you. As we all navigate this uncertain time, please rest assured that we are here to help with your property needs, whatever they may be. We remain your independent voice, to always support the best interests of you, our clients. Whether buying your first home, moving to your next or selling, we are here to make it easy for you. Just reach out …
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The Reserve Bank of Australia has decided to further cut the cash interest rate to its record low of 0.25 percent. This is to help prevent a recession in the country caused by the corona virus pandemic. The RBA revealed the currency has lost 20 percent this year. RBA Governor Philip Lowe said the aim of their decision is to help stabilize the economy and manage monetary and fiscal policies to …
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Residents of Australia who live abroad will no longer be able to enjoy capital gains tax (CGT) exemption on their family home. This is after the Australian Parliament passed new laws that changed certain policies on the CGT. More than 100,000 Australian expats are expected to be affected by these new laws. On the other hand, the government is expected to generate $581 million from these taxes. …
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Many first home buyers in Melbourne are still relying on their parents to get into the property ladder. New research has found that more than a third of parents in Victoria provide up to $50,000 in assistance to their children. Data from Mozo.com.au revealed that 37 percent of parents helped provide deposit or acted as a guarantor on a home loan while their children continue to live with them. …
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