Thinking of Selling ?.... Here Are Some Handy Tips
When you are selling your home, there are a number of things that you can do to help increase the value of your home. The first impression your home makes on a prospective buyer is the most important in securing a good sale. As a homeowner, this can make a difference of thousands when it comes to the final sale.
Magic Millions.... How Prices Have Surged
In 1999, just 421 apartments sold for seven-figure sums across Sydney. Fast forward to last year, when 2087 apartments sold for more than $1 million, a massive increase of 495 per cent.
St George Cuts Two-year Fixed Mortgage Rate
St George Bank is to cut its two-year fixed mortgage rate by 0.4 per cent to 7.14 per cent per annum. The wholly Westpac Banking Corp-owned St George said the change would be effective from June 4. St George Bank chief executive Greg Bartlett said the rate decrease would be welcome news for home loan customers looking to lock in a competitive, fixed rate home loan
Home Owners to Enjoy Rate Hold
Borrowers struggling under rising rates can breathe a sigh of relief, with the RBA expected to keep interest rates on hold for the next few months. AMP Capital Investors chief economist Shane Oliver told Real Estate Business that while he expects to see more upside in this cycle, the RBA will keep interest rates on hold until the full effect of the last few rate rises is felt.
First Home Buyers Due Back in Six Months
Struggling first home buyers could be back in the market within six months, analysts say. BIS Shrapnel economist Jason Anderson says 25 to 35 year-olds are now moving on a "solid growth path" to property ownership after a slow period earlier this year.
Sydney Beats Melbourne in World's Top Cities League
Sydney has retained its spot in the top ten of the world's most liveable cities - beating Melbourne by eight places. Sydney remains stable in tenth place in the global survey, scoring 106.3 points and overshadowing Melbourne, which ranks 18th on 104.8 points.
Mortgage Help for the Kids
Avoid the pitfalls of helping the children with their first home. The strategy To help the children buy their own home. Surely it's not that hard? I could just give them money as a down-payment on their inheritance. You can either give the money to your child directly, or, if it suits them, contribute it to a First Home Saver Account where it can attract valuable tax concessions.
Housing Market Strong, but Urgency Eases
Strong yet cautious - this seems to be the general impression of the weekend property market after a third successive clearance rate below 80 per cent. Of 756 auctions reported, the rate was 74 per cent, the lowest since the Easter weekend. ''Sanity is returning to the market,'' according to buyers advocate Michael Ramsay, who said the market was slowly returning to more sustainable levels.
New Property Tax Blasted
The NSW opposition is accusing the state government of using the federal budget as cover to sneak through a new property tax. Lands Minister Tony Kelly announced in Parliament today that the government will introduce new charges on transfers of properties valued at more than $500,000, as part of a plan he says will prevent fraud.
Rising Rates to Spur Property Investors
Rising interest rates are discouraging first home buyers and keeping them in the rental market, which in turn is good for property investors, a mortgage broker says. Property investors, who themselves say they aren't deterred by rising interest rates, can look forward to strong rental returns as larger numbers in the rental market keep rents from falling.
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