The property has passed in… What happens next?
With auction clearance rates dropping across the Australia’s capital cities, it is important to know what happens once a property is passed in. If a property goes to auction and doesn’t meet the reserve price then it is the duty of the auctioneer to ‘pass in’ the property. Typically, the auctioneer will give first rights …Read More
Optimism for first home buyers
After a challenging few years of competition and record-high housing prices, first home buyers (FHBs) are making a resurgence throughout early 2019. Taking advantage of the property slump and reduced competition, FHBs are now playing their part and getting their foot in the door bringing a fresh sense of optimism. With recent clearance rates hovering …Read More
Why is a Conveyancer important to your property purchase?
A conveyancer is a critical player to have on your side during your property purchase. They are the legal practitioner who plays the important role of managing all the contracts, settlement monies and government registrations.
Here is a snapshot of the important roles that they undertake to ensure that the purchase of property is a smooth …Read More
Financial Boot Camp – Preparing for your Home Loan
Applying for a home loan can be a frustrating and lengthy process, especially in an ever-increasing difficult credit market. 2019 has demonstrated a softening market creating opportunities to first home buyers who are ready with the right finance.
A big part of being ready for your purchase is obtaining pre-approval. When doing so, responsible lending laws …Read More
Who wins from Australia’s property market slump?
The changing landscape of Australian property has exposed some unfortunate losers however it is not bad news for all segments of the market.
Over the last 12 months, Melbourne and Sydney markets have seen a fall of 9.1% and 10.4% respectively from the previous record highs in mid 2018. Here are some groups that are the …Read More
What benefit does a Buyer’s Agent offer to my property search?
A buyer’s agent is a real estate professional who represents buyers in the purchasing of property. In the competitive Melbourne market, more prospective buyers are turning to Buyers Advocates to assist them in their search for the right property.
Top 3 Reasons to Use a Buyer’s Agent?
Knowledge of particular neighbourhoods
Buyer’s Agents are experts in researching …Read More
What you need to know before making a pre-auction offer
In keeping with a slowing property market, there has been a steady shift of deals being negotiated pre-auction. According to CoreLogic, December 2018 averaged a combined clearance rate of 43.8% across all states. This reduction in properties being sold at auction has placed more sellers in a position to listen and pay particular attention to offers …Read More
5 tips to save for a home deposit
Saving a deposit remains the hardest part of any home purchase. Although Melbourne’s prices are in a slight decline, the average time it takes to save a 10% deposit for a First Home Buyer is still around 5 years.
Here we list some tips that can be adopted to super charge your savings and potentially land …Read More
Renovate vs Moving
It is one of the toughest decisions to make: Sell and upsize or renovate your existing home. Growing families who are weighing up their options must consider all factors before committing to a potentially stressful and expensive journey.
For some, moving into a new house may be a desirable approach without the pressures and disruptions of …Read More
Top 5 summer projects to add value to your home
The favourable weather and time off work during summer is the perfect opportunity to attend to some neglected areas of the house. Below are areas that can be addressed in a relatively quick period of time but add good value to your home:
Fix the basics
Leaky taps, rusty gutters, faulty doors and windows that have …Read More
