Market Update: What is shared equity and will it help you?
So what pre-election policy carrots did our new Labor government dangle in front of aspiring home owners? One key initiative is the ‘Help to Buy’ shared equity program. Shared what, you say? In a shared equity deal you actually buy your house with the government. The government will pay up to 40 per cent of […]
Market Update: Will Brissie prices fall as interest rates rise?
Will my bank pass on the rate rise in full? Will more rate rises follow? Will property prices continue going up? The answers are probably yes, yes and … quite likely. Banks are usually quick to pass on rate rises and economists are widely tipping more rate rises to come as inflation continues to rise. […]
Brissie price cap lifted $100k in Home Buyer schemes
From 1 July 2022, eligible buyers in Queensland can consider properties with a price tag up to $700,000 – a $100,000 increase – as part of First Home Guarantee, Family Home Guarantee and Regional Home Guarantee. The schemes allow eligible buyers to purchase a home with as little as a 5 per cent deposit (or […]
#3 Upgrader suburbs that are so hot right now
This is a time when growing families squeeze household budgets and living space to the limits. Valuers Herron Todd White are tipping upgraders to be a continued presence in the Brisbane market this year. “This cohort is particularly drawn to areas with great family and lifestyle amenities such as parks, school catchments and public transport,” […]
Aspley Market Update in 60 secs
Aussie Construction Costs are Climbing
Core Logic reported national residential construction costs increased 9% over the 12 months to March 2022. According to the report timber, metals and imported products are driving much of the growth. Building costs are expected to continue to increase with a record number of homes approved for construction during the HomeBuilder grant and the volume […]
#10 Top suburbs for investor gold
The lure of sun, sand and sea plus affordable prices and high yields are proving irresistible to prospective buyers. “Queensland, and particularly southeast Queensland, has always been a popular location for investors, but I think COVID-19 has exacerbated things somewhat,” said Cameron Kusher, director of economic research at PropTrack, reports realestate.com.au. “Even if people can’t […]
Brissie house rent growth skyrockets past 20%
Combined house and unit rents have climbed 15.2 per cent in Brisbane. Other capital cities are also seeing dramatic climbs, according to SQM Research data published in The Guardian. Vacancy rates across Australia have dropped from 1.2 per cent in February to 1 per cent in March. This is the lowest national rate since the […]
Should I save a 20% deposit?
If you look like a good borrower, you’ll find a lot of lenders will be happy to give you a loan for up to 95 per cent of your property purchase price. So why does everyone keep banging on about the 20 per cent deposit? Well, there are pros and cons to saving a large […]
Market Update: Floods fail to dampen Brissie price growth
According to the latest CoreLogic Hedonic Home Value Index, the median value for dwellings across Greater Brisbane is now $749,293. Outside directly impacted local areas, the floods have not dampened prices. In fact supply reduced for a couple of weeks after the floods reports Smart Property Investment. This can push prices higher in a high […]
