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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All you need to know about the changes to the First Home Super Saver Scheme
The First Home Super Saver (FHSS) scheme allows individuals to save money for their first home through their super fund. This is to help first home buyers save faster with the concessional tax treatment of superannuation, and the FHSS tax offset, which reduces the amount of tax payable. For FHSS determinations made from 1 July 2022, the amount of eligible contributions that can count towards …
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‘A Place to Call Home’ Budget aims for one million new affordable homes
REIV calls for necessary property sector reforms across four key areas in lead-up to 2022 Victorian State Election. In the lead-up to the 2022 Victorian state election, The Real Estate Institute of Victoria (REIV) is calling on state political leaders and advisers across the property sector to support reforms that will ensure a prosperous future for all participants in Australia’s property …
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10,000 places available under the Regional First Home Buyer Guarantee
From Saturday 1 October 2022, 10,000 new places were made available under the Australian Government’s Home Guarantee Scheme (HGS). The new Regional First Home Buyer Guarantee (RFHBG) supports eligible first home buyers living in regional areas to purchase a modest home in a regional area with a deposit of as little as five per cent. The Home Guarantee Scheme is an Australian Government …
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Reno or Sell? That is the Question.
Are you tossing up whether to renovate your current home or sell up? Maybe you're comparing the dollar figures to see what is your cheapest option? The reasons for staying where you are and renovating or moving to a home that better suits your requirements will not only have a financial impact one way or the other for you and your family, but an emotional toil as well. We aren't calling …
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Have interest rate hikes affected your borrowing power?
Some house prices are easing; however, the interest rate rises are resulting in banks reassessing the borrowing capacity of buyers, particularly first home buyers. It was the dream of many Australians when they thought they would finally get a chance to get into the market after the big banks forecasted the biggest property price plunge in history earlier this year. But, interest rate hikes are …
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Tips on how to get 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. There are various ways to increase the value of a home without having to spend a fortune. It’s a matter of knowing the areas of the house that need some fixing. Doing minor or cosmetic …
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