In line with the budget announcement last week, the Federal Government has stated that it will extend the First Home Loan Deposit Scheme. The Loan Deposit Scheme, which was due to end in June, will allow 10,000 more first home buyer loan guarantees up to a certain threshold, on the condition that those who get approved are purchasing new builds. The scheme will guarantee the loans of …
We Love Our Happy Clients-Courtenay
We appreciate all our client feedback because we love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped first home buyer Courtenay purchase her new home. Here is what Courtenay had to say: "Thanks so much Wendy… wouldn’t have been possible without you. You’ve been amazing through this whole process". Courtenay We have …
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What do borders opening again spell for house prices?
A client asked us a question recently regarding borders opening up and international arrivals happening again. They were curious what impact, if any, this would have on house hunting and the housing market overall. Real estate is a finely balanced eco-system. Not one thing generally has a huge impact, but over time, several things can affect market sentiment. As the borders open up, …
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We Love Our Happy Clients – Nicky
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We particularly like helping first home buyers enter the market and we thoroughly enjoyed helping Nicky with her purchase. Here is what Nicki had to say: "I have recently purchased a new property and from start to finish, it was a completely seamless experience. Wendy is …
Victorian Government Homebuyer fund – a way to own your new home
If home ownership has always been just out of reach for you, the Victorian Homebuyer fund could be of assistance. The Victorian Government acknowledges that increasing house prices have made it difficult for Victorians to save for a deposit and get into the market. To help purchase a home, the State Government have created a Homebuyer's fund where $500 million has been set aside to help 3000 …
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New social housing levy for developers scrapped
This week, the Victorian State Government has scrapped their newly proposed social housing levy earmarked for July 2024. The Andrew's Government planned to introduce the levy on residential developers building three dwellings or more or greater than 3 lot subdivisions. The 1.75% contribution was set to fund the creation of 1700 new social and affordable housing each year. The proposal was met …
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A tale of two properties
I’d like to share a story with you to highlight a few cautionary details about underquoting and dealing with Real Estate Agents. Our clients were interested in two properties – a Zoom viewing of an off market home on the Friday and another, which was being auctioned on the Saturday. We ended up purchasing the off market property for our clients at a very fair and reasonable …
Questions from a first home buyer
As a Buyer's and Seller's Advocate who's helped many people to buy and sell property over the years, I've been asked a lot of questions about how it all works. If you're looking to buy your first home, searching for your next one, or planning to sell your home, you might be feeling that uneasiness that comes from not knowing what you don't know. Take a moment …
What is a buyer’s advocate?
Have you heard of a Buyer’s Advocate before? Are you still unsure about what we do for people seeking to buy property? Relax. Your questions are about to be answered. If you’ve still got any lingering questions by the end of this article, I’ll gladly answer them for you. Just send them my way! What is a Buyer’s Advocate? A Buyers Advocate, also called a Buyers Agent, is a licensed …
Now more than ever parents are helping adult children into the property market
Now more than ever, many first home buyers in Melbourne are relying on their parents to get into the property market. Research indicates that more than a third of parents in Victoria provide financial assistance to their adult children to help them purchase their first home. Property values in Melbourne continue to soar. In this June quarter, the median house price for Melbourne was …
