Winter will bring with it few property listings and low buyer numbers, so those looking to buy should use the colder months to prepare to purchase real estate in spring.
After weekend after weekend of open houses, scrambling to clean up for last-minute inspections, and low-ball offers, you have finally received an offer on your home and exchanged contracts. But before you pop the champagne, remember the sale is not yet final and buyers can and do drop out. Here’s what you need to know.
The rush to build new apartments in Sydney and Melbourne is resulting in units with bedrooms too small for even a double bed, and without 1960s standards for natural light.
The transition to electronic conveyancing in NSW is speeding up.
Despite the instant gratification that people may get from accessing their super to buy a home, it is an impossible dream given the objective of super. Super is becoming a $2 trillion political football but it is a giant insurance policy for our retirement not a giant water hydrant to put out a fiery property problem.
NAB and Westpac have jacked up owner-occupier and investor home loan rates, and we can safely predict Commonwealth Bank and ANZ will follow suit. But there is one bright spot for borrowers.
Australia’s frenetic housing market has priced out some investors until later in life. So is 50 too old to start investing in property?
Other state governments, in particular NSW, will be watching Victoria closely to see whether this initiative will have the reverse effect by increasing demand for housing when supply simply can’t keep pace.