When a purchaser gets involved in negotiating for a property they’ve fallen in love with, emotions can rule logic. It’s easy to get caught in the moment and end up paying more than you perhaps should. As either a home buyer or a property investor, it’s critical not to get carried away by your emotions,…
The RBA took the cash rate another 50 basis points higher at the September board meeting, citing ongoing inflationary pressures amidst a tightening labour market. The cash rate setting, at 2.35%, is now at the highest level since January 2015, but still slightly below the pre-COVID decade average of 2.56%. Housing markets have reacted negatively…
It’s taking most Australians longer and longer to get into their first home according to Paul Ryan, Economist for the REA Group. In fact, data from the ABS reveals some interesting data to support this. First-time home buyers are still young…but getting older More than half of first-time home-buyers are aged between 25 and 34,…
The 2021 property boom saw property prices rise at an unprecedented rate around the country, with house prices stealing the show, soaring 25.5% while units rose by a more modest 7.7%. But now the property market is cooling, prices are dropping from their peak, lending costs are soaring and demand is declining… and the trend…
You often hear about buyers being gazumped or struggling to get the right information from the real estate agent to even be able to submit an offer. And how about the sellers who don’t even trust their own real estate agent enough to take their advice? These stories, and the many other grey areas surrounding real…
It is interesting that for most complicated processes that fall outside of our personal experience we are quick to enlist the help of a professional. There are not many people who will take care of their own commercial accounting or defend themselves in a court of law. However, when it comes to bidding at a…
If you’re thinking about diversifying your property portfolio or are looking for a market where there is a good investment opportunity, you’ll want to think about becoming a borderless investor. But the trick is how do you avoid the hidden mistakes while ensuring you don’t miss out on any golden opportunities of buying property in…
With rising costs of living, including interest rate rises, many people are really worried about their mortgage. So, what actually happens if you can’t pay your mortgage – and what are your options? Here’s what you need to know. Payment deferrals, payment plans or getting fees waived It’s not particularly rare for a borrower to…
When you buy or sell your house or an investment property, there is an unexpected surprise that is thrown in for free. It’s called buyer’s or seller’s remorse. Call it a lingering feeling, but it can throw shadows of self-doubt which drag down the overwhelming relief and excitement of making a brilliant purchase or sale….
I think we need to be prepared for the possibility that the next couple of years might be a bumpy ride in terms of the economy, financial markets, interest rates, and so forth. The media thrives on higher levels of uncertainty, so be prepared for plenty of doomsday predictions and lots of negativity. The silver…
