The following is the Reserve Bank of Australia’s statement after its July board meeting. The central bank today left the cash rate on hold at 4.1 per cent, in line with market pricing:
“At its meeting today, the board decided to leave the cash rate target unchanged at 4.1 per cent and the interest rate paid on exchange settlement balances unchanged at 4 per cent…. Read the full post »
Are you wondering what will happen to the Sydney property market in 2023 and beyond?
Sure the value of many Sydney properties fell as it led to the property downturn of 2022, but this was after recording a 27.7% rise in housing values between October 2020 and January 2022, and now Sydney home values are down -13.8% since peaking.
But it seems … Read the full post »
In an exhilarating auction held today (June 10th, 2023) at 13 Kooranga Place in Normanthurst, a remarkable milestone was achieved in the Hornsby Shire Council area. A highly sought-after property, managed by agents Josh Saliba and Sarah Sibtain, shattered the previous record for the highest sale price of a strata property. With over 25 registered … Read the full post »
If you are planning on bidding at an auction then it is important to come prepared. Here are some tips that can help you achieve the greatest chance of success at a public auction:
1. Do your research
By looking at the selling price of similar properties you may be able to gauge what a house or unit is worth. Consider factors … Read the full post »
When buying an investment property, there is generally a lot less emotion involved than when buying your own home. You’ll want it to be in a good area, and to be a property that will produce sound yields and has potential for growth.
While you also want an investment property to be good quality and … Read the full post »
We are thrilled to announce that we have recently completed our transition to a brand-new office space located at 1-3 Thornleigh Street, Thornleigh. This significant move marks an exciting milestone for our organization as we expand our operations and enhance our work environment to better serve our team and clients. In this blog post, we’ll take you on a virtual tour of our new offices and share the … Read the full post »
After a boom period in which Australian properties soared in value by +28.6 per cent, 2022 presented a more challenging environment for sellers. Now in 2023, there could be another momentum shift beginning.
Interest rates have climbed sharply and prices have fallen from their peak levels, yet February and March have brought surprisingly positive results in many markets. … Read the full post »
🌸 Give your mom the gift of memories by entering our giveaway for a chance to win a family photo shoot valued at $800, proudly sponsored by @jazzyphotography .
To enter, simply like this post, follow our page and tag a fellow mom who would love this prize…. Read the full post »
Australia faces years of extreme rental and housing pain as the nation confronts a shortage of 106,000 dwellings by 2027 due to high-interest rates, soaring immigration and community opposition to new homes.
While new figures show dwelling values climbed 0.6 per cent in March after almost a year of falls, a report by the National Housing Finance and Investment Corporation (NHFIC) forecasts Brisbane alone will … Read the full post »
Stretched homeowners are already asking about switching part of their home loans to cheaper interest-only payments, but experts urge caution when considering the tactic.
After 10 straight rises in the cash rate so far, about 880,000 low fixed-rate mortgages are due to roll off this year, tipping owners onto higher rates that will increase their monthly mortgage repayments and squeeze household budgets…. Read the full post »