From 1 January the age to qualify for a concession to top up super with proceeds of a house sale will be reduced from 60 to 55. Announced one week out from the May 2022 election by the Morrison government, Labor matched the pledge and legislated it after its election win. If you have reached the eligible age, you may be able to contribute up to $300,000 from the proceeds of the sale …
The unstoppable rise of social property selling
We’re all used to shopping online by now but would you make the most expensive purchase of your life on social media? Social media is playing an increasingly important role in property sales, with platforms like Instagram and Facebook at the forefront of the shift. The pandemic, prohibiting in-person viewings and fueling an appetite for property-related content, catapulted this …
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Domain’s End of Year Wrap – 2022
The experts at Domain have released their end-of-year wrap, and the consensus is the 2022 property market has behaved exactly like a rollercoaster. The year kicked off with a "once-in-a-generation property boom" before the market hit a significant downturn. Overall, combined capital city house prices have fallen 4.9 per cent from their March peak. The report also delves into a lot of cool …
REIV urges the government to focus on real estate sector
The REIV has urged the re-elected Andrews Government to urgently focus on the real estate sector, with a range of critical market forces and industry issues surrounding and influencing the sector. Quentin Kilian, REIV's CEO, has said now is the time for the Government to put genuine focus on good property sector policy. "Despite the sector's rapid recent evolution and a significant shift in …
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Buying or selling a house is one of the top ten stressful life events.
It's no secret that buying or selling a property is stressful and many would concur that it would be one of the top ten most stressful life events. Our own Buyers and Vendor Advocate, Wendy Chamberlain was recently a guest on Usawa's Six Hats Podcast. and they discuss exactly this topic. Dr Shami endeavours to show her listeners how women strive to find balance in their lives by juggling their …
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We took a temperature check of the market. Here’s what we found.
As we roll towards Christmas, we have two more Saturdays of auctions. Then we'll have a bunch of properties auctioned during the week in the days leading up to Christmas. This happens every year. What also happens is that sellers stop putting their homes on the market. They're waiting until the new year. Come 2023, we'll start to see a bunch of new homes hit the market for sale. But for …
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November 2022 Market Update
At this time of year, we always see the same thing ... lots of sellers looking to wrap things up before the end of the year. Only this year, we are in quite a different market. It really is a buyers market. Yes, of course, there are homes around that will sell well in any market. But a lot of homes are languishing on the market right now, mainly because buyers have a lot of choice and that …
Buying your first home? Why you need a buyers advocate.
There are many professionals you will meet in the process of buying your property. One that is worth their weight in gold and can make a huge difference to your first home buying journey is a buyer's advocate. Buyer’s advocates can save you money as a first home buyer in a number of ways. First and foremost, buyer’s advocates often have access to properties that aren’t readily available for …
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Victorian Liberals pledge stamp duty cut for first home buyers
Recently the Victorian opposition has announced it would scrap stamp duty for first home buyers who purchase a property less than $1 million if it wins the state election. Scrapping stamp duty has been a key pre-election push from the Victorian Chamber of Commerce and Industry (VCCI). Opposition Leader Matthew Guy has said, "We want to get more Victorians into home ownership, not into …
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Tips on getting the best return when selling your property
Homeowners and investors who want to sell their houses should always consider increasing the value of their property before putting it on the market. This way, they can get the best return for their property. Doing minor or cosmetic repairs is an ideal step to take. Check your kitchen and bathrooms for fixtures that may need to be replaced such as cabinet handles, cabinet doors, lighting and …
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