Did you know that in May this year, nearly 32 per cent of all property purchases were by first-time property buyers? Some of these also opted to buy an investment property as their very first property. However, whether you are buying a property to live in or to rent out, first-timers should adopt the same…
DetailsBuyer demand for Brisbane property, imparticularly houses have returned to levels pre-crisis over recent weeks with dozens of people at some open homes. Negotiations for strategically placed properties are much tougher than they were with more buyers competing for a low volume of listings. During coronavirus, we remained active in middle-ring locations that offer houses around…
DetailsThe new Federal Government HomeBuilder grant is set to ignite affordable locations and further help first-timers across the nation. The HomeBuilder program will be of huge assistance to the construction sector over the next six months, which is good news for everyone given the industry’s importance to the overall health of our economy. The eligibility…
DetailsAmong the many changes that may occur in society over coming months and years is the potential for one of our most inefficient taxes – stamp duty to finally be axed. Axing stamp duty will save buyers having to fork out tens of thousands of additional dollars for the supposed “privilege” of purchasing a piece…
DetailsFor decades, most people have wanted to live close to a city, even though many could never afford to buy a house or even a unit there due to property prices. The main reason was so they could be close to their employment, but also the inner-city usually also had most of the cool stuff…
DetailsThe latest property data shows that prices are holding their ground against price falls as buyers compete for a dwindling number of listings. Prices in most locations across the country increased slightly over April even though listings fell by about 35 per cent, according to CoreLogic. Dwelling prices firmed in every capital city, apart from…
DetailsPredictions of massive price drops always happen when there is an economic shock of some sorts. Forecasts of 30 per cent property prices drops that are seemingly imminent, but which ultimately never happen. In fact, after the GFC and the last recession, any temporary softening of prices soon turned into sustained growth. Source:Corelogic This time…
DetailsOne of the common mistakes that new investors make is focus too much on cash flow and not capital growth or vice versa. Now that might sound a little confusing, but the fact of the matter is that you need both to grow property wealth over the years. That’s because it is the capital growth…
DetailsIt’s at moments like these that I’m glad I’m not a share market investor. The stock market has always been one to jump up and down and I’ve never had strong enough nerves to ride its bull or bear markets. The coronavirus has certainly given our financial markets a shake-up, with share markets down significantly in…
DetailsIt wasn’t that long ago that first home buyers were at their lowest market activity levels in decades. Strong property price growth in Sydney and Melbourne, in particular, as well as restrictive lending conditions meant they just couldn’t catch a market break. The thing is, it didn’t take long for their numbers start to swell…
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