How would you like to double your deposit and double your income to buy your first property? Sounds pretty good doesn’t it? That’s the reason why many young homebuyers are now working together with a partner, friend or relative to break into the property market. Although there are some excellent benefits to entering a property […]
The Reserve Bank has kept the official cash rate at a record low 1.5 per cent for a 32nd straight month, as widely anticipated by economists. The decision at Tuesday’s April board meeting means the cash rate has not moved in 32 months. The rate, which reflects what the central bank charges commercial banks on […]
Your home is likely to be the biggest purchase you make, so it’s something you want to get right. Mistakes can be stressful and costly. Here are the biggest ones buyers make and some tips to help you avoid them. 1) Letting your heart rule your head. It’s often easy to be dispassionate about an […]
In its second announcement of the year, the Reserve Bank of Australia (RBA) has announced that the official cash rate will remain on hold at 1.5% In a statement the RBA said the central scenario is still for the Australian economy to grow “by around 3% this year”. Speculation around the decision has intensified over […]
The Reserve Bank of Australia (RBA) has made its first cash rate announcement of 2019, at a time when most of the industry is still concerned with the fallout from the Royal Commission report. To no surprise, the rate has remained on hold at 1.50%, where it has stayed since August 2016. While RBA governor Philip […]
All’s fair in love and war, and the same might be said for negotiating with real estate agents. Whilst you want to get the best possible deal on your purchase, the agent is responsible for getting the best possible price for their client – the vendor. Depending on how long you have been looking, you […]
The typical home purchaser spends around 90 hours over 6 months browsing the internet, researching websites, visiting real estate agencies and inspecting no less than a dozen properties. However, we only spend a little more than one hour inspecting the home we eventually purchase. Not surprisingly, many of us discover ‘hidden problems’ after the settlement. […]
• When is the right time? • What is the right location for me? • How much will you save and how much will you spend? • What should I keep and donate? • How much space do I need? • What type of property is right for me? • What items will I need […]
RBA governor Philip Lowe announced the rate would be remaining at 1.5%. As there is no cash rate meeting in January, this means the rate will have remained the same for at least 29 months in a row. Experts and analysts were expecting the decision, citing low unemployment and wage growth. While many over the […]
The Reserve Bank of Australia has announced its decision on the November cash rate. The rate would be staying the same at 1.50%. The rate has now been the same for 27 consecutive months and many analysts believe it will remain at this rate into 2019 and possibly to 2020. This announcement was mostly expected […]