US Bank Repossesses House
US Bank Repossesses House We came across an interesting piece in Property Observer this week. The First National Bank, a US Bank in Wellston, Ohio, said that a bad GPS navigator was the reason it repossessed the wrong house. The bank had meant to foreclose on the house across the street. The owner, had been […]
Top 15 Growth Suburbs in Victoria – Some Possible Reasons Why?
Top 15 Growth Suburbs in Victoria – Some Possible Reasons Why? According to REIV median data and the quarterly change in values from December 2012 to March 2013, there has been alot going on in the top 15 growth suburbs in Victoria. Here is a list of suburbs, with the March 2013 median figure, comparing […]
Falling Australian Dollar Wakes Up Overseas Buyers
Falling Australian Dollar Wakes Up Overseas Buyers The Australian Dollar has fallen considerably from recent highs. It peaked against the US Dollar at $1.1080 back in July 2011 and over recent months has started to fall back to its current level of around 95 cents – or a drop of almost 15%. Some analysts are […]
Young Australians Staying at Home Longer
Young Australians Staying at Home Longer Young Australians are staying at home longer. The average age for leaving home in Australia to start renting a property continues to rise. According to the 2013 Tenants and Sharers Consumer Insights Survey just 17% of renters in Australia are under the age of 25 years of age. […]
What is happening to house prices in Melbourne?
What is happening to house prices in Melbourne? This week we’ve had conflicting reports on what is happening to house prices in Melbourne. On Monday RP Data- Rismark published research that pointed to house prices dropping by 2.1% in Melbourne during the month of May. RP-Rismark noted that this reduction occurred despite the RBA cutting the […]
Seniors Win from 2013-2014 Federal Budget
Seniors Win from 2013-2014 Federal Budget They will soon be able to sell their home and keep $200,000 without affecting their pension. The Treasurer has provided a direct incentive for seniors to downsize. In a planned trial programn scheduled to start running from July 1st 2014 for ten years, $112 million will be allocated to seniors […]
Current Interest Rates for ANZ, CBA, NAB and Westpac
Current Interest Rates for ANZ, CBA, NAB and Westpac Current Interest Rates for ANZ, CBA, NAB and Westpac are falling. The Reserve Bank of Australia made a surprise announcement this week and lowered interest rates by 0.25% basis points to the historic low of 2.75% official cash rate. As property buyers now is a good time […]
May 2013 Interest Rate Drop – What Does it Mean?
May 2013 Interest Rate Drop – What Does it Mean? We buy property. So what does the surprise interest rate drop early this week by the Reserve Bank of Australia (RBA) mean for our property buying clients. As leading Melbourne based Buyers Agents, we are uniquely positioned to comment. Currently – It is too early to tell! This […]
Grants Cut for First Home Buyers of Existing Dwellings on 1 July
Grants Cut for First Home Buyers of Existing Dwellings on 1 July. Hot News for First Home Buyers planning to buy existing homes. They have only 8 Saturdays left to purchase a property if they want to secure the $7,000 currently on offer to First Home Buyers at the moment. The State Government of Victoria […]
Hidden Costs of Buying Property
Hidden Costs of Buying Property Do you know the hidden costs of buying property? Before you start your property buying journey, are you sure you know the total cost of buying ? Have you thought about: Property Purchase Price Stamp Duty Conveyancing/Solicitors Costs Pre-purchase Building and Pest Inspection Costs Loan Application Fee Mortgage Registration Fee […]