The NAB Residential Property Index rose sharply in Q2 2023, with NAB economists predicting property price rises of 4.7% this year and 5% to the end of 2024. Based on an expectation that the RBA will lift rates to 4.6% by September and then leave rates on hold until 2024, NAB suggests 9.7% total property price growth is possible over the next 18 month period with slowed interest rate rises …
Temperatures Are Down But Melbourne Property Prices Are Hot!
June was a hot quarter for many Melbourne suburbs, according to the Real Estate Institute of Victoria's high performer's list. While there was plenty of news around the significant surge in unit prices, there was also good growth shown in median house prices across many areas of Melbourne. Metropolitan unit values rose 3.2% and houses recorded a 1.1% decrease. But some areas saw median unit …
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Winter’s Hot Topic: What To Look For When Buying An Energy Efficient Home
Rising energy costs means energy efficient home designs remains a hot topic with home buyers. If you're building a new home you can focus on an energy efficient design from the get-go. And with changes to the National Construction Code pending, we can expect mandatory requirements for all new homes to be built to a seven star energy rating from next year. But what are the …
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BUYERS get building inspections. Here’s why SELLERS should too.
Wait, what? It is the buyer who needs a building inspection, isn’t it? Yes, that is correct. All buyers should have any property that they intend to buy inspected by a licensed building inspector so they know exactly what condition the home is in. But sellers (vendors), are discovering the benefits of getting their own building inspection before putting their property on the market. In …
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Buying or selling during winter – are you doing the right thing?
The prospect of selling or buying a house during the cold and wet winter months doesn't tend to have us leaping off the couch with anticipation. But in actual fact winter can be a great time for vendors and buyers to be successful in the property market. If you're selling during winter you're more likely to have serious buyers at your open inspections and less of the local sticky-beakers. Also, …
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Giving your property a face lift before resale? Heres why it counts.
Whether your home needs a face lift or you are considering a refresh to sell it, there are little upgrades you can make that don't cost an arm and a leg. Don't underestimate the power of small fix-ups like a fresh coat of paint, upgrading door handles, tapware, lighting fixtures or even simply moving your furniture around for better feng shui. Doing minor cosmetic repairs is an ideal step to …
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Underquoting – read on as I peel back the curtain…
It's a hot topic - underquoting. Many of you will relate. You've attended an auction hoping to buy your dream home, only to have your dreams dashed because a property sold well above the advertised price. You may know that feeling of disappointment well. Not to mention costing you money to get contracts checked and inspections done. Week after week, auction after auction, this can …
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Inspection must-dos!
Open for inspections are a great opportunity for homebuyers to check the condition of the property they are looking to buy. In order to make a sound buying decision, buyers and investors should either visit the home themselves, or appoint a trusted professional (such as a buyers advocate) to do so on their behalf. When onsite, take notes to keep track of the home, what impresses you …
Our new program let’s you in on home buying secrets
Investing in real estate can be a minefield for the uninitiated. It requires thorough research, groundwork and proper due diligence. Over the last 15 years, I have been developing a step by step guide for like-minded property enthusiasts like me, to learn how to invest in real estate. This program, Home Buying Secrets, steps you through all the processes needed, to take someone from not …
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Why the housing crisis is about to get worse…
This week the Victorian Government announced it's State budget and it is bad news for both property investors and renters alike. After locking people in their homes for months on end and amassing a multi-billion dollar lockdown debt in the process, the Victorian government now expects rental providers aka landlords to foot the bill for a debt hole dug solely thanks to mismanagement by this …
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