Change of loan serviceability rules is great news for borrowers
The recent announcement by Australian Prudential Regulation Authority (APRA) of the change of loan serviceability rules is great news for borrowers. Combined with the defeat of Labor’s negative gearing reforms and the Morrison government’s scheme to help first-time buyers, analysts have begun tipping an end to property price falls across Sydney and Melbourne. Since 2014, […]
Victorian Stamp Duty changes for first homebuyers
The Victorian State Government has from the 1st of July, 2017, abolished Stamp Duty for first homebuyers who buy a property with a value less than $600,000 and is implementing a sliding scale of reduced stamp duty between $600,000-$750,000. So, all first home-buyers with contract prices under $750,000 will have some reduction in Stamp Duty, if […]
What are people looking for on realestate.com.au?
We all know how tight the competition is for quality properties in Melbourne and there is no sign of this changing any time soon. Here are a few statistics from realestate.com.au that may help you understand the property landscape a little clearer. Based on the number of clicks per online listing, Melbourne has the country’s […]
Victoria, the toughest place to buy
Victoria, the toughest place to buy according to The Age newspaper research published recently. Ms Christina Zhou says that “first home buyers struggle most”. “First home buyers have a tough task, but new figures show that when it comes to saving a deposit and making repayments, Victorians are ding it the toughest in the country. […]
Thornbury is hot!
The Melbourne suburb of Thornbury is hot at the moment. A Thornbury home has recently established a new price record as a renovated four-bedroom period residence sold at auction over the weekend. 13 Shaftesbury Parade sold for $1,945,000 through Nelson Alexander, which was notably higher then when the same address was sold in 2011 for […]
Buyers seek power pocket suburbs
Buyers seek power pocket suburbs for buying in 2015. This has always been the case. Each year I am asked where are the “hot spots”, which suburb will “go off next”, what is the next “property trend location”. I was very successful with my late 2014/early 2015 top Melbourne growth suburb picks. Buyer Solutions clients […]
Balwyn falling
Balwyn falling, yes it is. House prices are certainly falling and they have done so very quickly in Balwyn. I believe that last weekend there were around 31 auctions in Balwyn and only 6 houses sold. This is a major change in buyer sentiment. Back in April 2015, land could achieve around $3000 per square […]
Buyer beware – pre-purchase inspections
Buyer beware is a mantra all property buyers need to heed. At Buyer Solutions we are constantly shocked by buyers failing to do their pre-purchase research and committing huge sums of money to purchases of properties with problems that they are unaware of at the time of purchase. Case in point last week was a […]
Why property buyers love cafe culture
Why property buyers love cafe culture At Buyer Solutions we love shopping in different suburbs of Melbourne and experiencing the variety of cafes in various areas. Melbourne’s iconic strip retail offers you great cafe culture, for example Anderson Street in Yarraville, It’s a groovy go-to cafe destination in the west. For one buyer that might […]
New Residential Zones for Melbourne Property
New residential zones for Melbourne property are coming in July 2014. The Major of Port Phillip sent a message to all rate payers recently and said the following” The Victorian Government has released three new residential zones and Council now needs to apply these across Port Phillip. The new zones may change the type of […]