At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will contin...
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The Benefits of Selling Your Home DIY-Style Introduction The real estate market is constantly evolving, with an increasing number of homeowners opting for the "For Sale By Owner" (FSBO) route to sell their properties. Going the DIY route can offer numerous advantages, especially for those looking to save money, maintain control, and maximise profits. In this article, we will explore the many...
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Rate rises can affect the property market, as we’ve all seen of late. But there are other factors that appear to hold longer-term sway over national house prices. In a bid to bust inflation, the Reserve Bank of Australia (RBA) has been on a rate rise run that’s seen the official cash rate go from a record-low of 0.10% to 3.60% in just 10 short months. Along the way, we’ve seen property price...
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Have recent rate hikes made you nervous about taking the plunge into the property market? You’re not alone; it’s a buyer’s market for a reason. Here’s how to stay cool and calm when buying your next property. As you’ve probably seen in the news, the Reserve Bank of Australia (RBA) has increased the official cash rate from 0.10% to 3.35% in just nine months. It’s now the highest it’s been si...
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Are you considering making changes to your home, but you're not sure whether to renovate or build a new one? Both options have their advantages and disadvantages, and the decision depends on several factors, such as your budget, the size of your property, and your desired outcome. In this blog post, we'll explore the pros and cons of renovating and building, so you can make an informed decision. ...
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For many Australians, rate hikes and inflation have made the dream of property ownership feel ever more distant. But a recent analysis shows that meeting mortgage repayments could actually be cheaper than renting for more than a third of Australian properties. Look, we get it. Often the biggest obstacle in the way of home ownership is saving up for a deposit. But once you’ve got that sorted ...
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You’ve bought a home. And now you might be considering adding an investment property to your portfolio. But have recent interest rate hikes cooled your heels? We’ve outlined reasons why now may still be a good time to buy. To buy or not to buy, that is the question. There’s no denying that rolling rate rises might have some sections of the media spouting doom and gloom. After all, nationa...
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Seven in 10 homeowners have recently used the equity in their home to renovate, invest in property or shares, or boost their superannuation. Have you thought about how you could take advantage of last year’s property price spike? You might have heard that property prices spiked 23.7% in 2021, yeah? That’s quite the growth spurt! So how do you take advantage of that growth without (or befo...
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You’ve probably heard that interest rates are on the rise and national property prices are on the way back down. Here’s how you can kill two birds with one stone: by refinancing to unlock equity and giving your home an energy-efficient makeover at the same time. Did you know that energy-efficient homes generally attract premium prices and sell faster than non-eco listings? That’s according t...
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The following questions can help you decide what a conveyancer will need from you to prepare a Section 32 Vendor's Statement.
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