Why you don’t need to leave Brisbane to see snow
As the winter chill has kicked in this month we got to wondering about the closest snowfall locations to our sunny river city. We were a little surprised to learn, thanks to Brisbane Kids and weatherarmidale.com, that snow flurries have been reported in Brisbane itself in 1927, 1932, 1958 and 1984. That’s not enough snow […]
#10 Most affordable middle ring suburbs
Brisbane’s middle ring suburbs offer exceptionally well-priced suburbs between 10km and 20km from the CBD. For as little as $325,000 you can buy a unit in the first home buyer hot spot of Zillmere. If a house is on your horizon, look slightly further out to Strathpine and you’ll nab a first time cheapie for […]
The average home loan just got $21,000 cheaper
That assumes of course your bank passed on the full 0.25% cut and many did not. The Commonwealth Bank and NAB each passed on the full rate cut. But Westpac passed on just 0.20% and ANZ has become more hated than a Blues supporter at a Maroons home game by passing on just 0.18%. A […]
Which grows more in value: Old vs New property?
There is no right or wrong answer, it all depends on your personal situation. If you’re buying a home to live in then the answer is really a lifestyle choice. Do you want to avoid maintenance or do you like renovating? Do you like the affordability of a big block in a new outer suburb, […]
Banks set to loosen the lending purse strings
Currently, banks assess your ability to repay your home loan based on an interest rate of 7 per cent – even though some banks are offering interest rates below 3.5 per cent. The Australian Prudential Regulation Authority implemented the lending restriction back in 2014 when the Sydney and Melbourne markets were sky rocketing, explains realestate.com.au. […]
#20 Suburbs where sellers are dropping prices
Vendor discounting is typically reported as the percentage below the asking price at which a property actually sells. It can be an indicator of whether it’s a seller’s market or a buyer’s market. The latest data from Domain shows Carindale house owners are, on average, shaving a hefty 8.5 per cent off the asking price. […]
How can a view add 80% to your sale price?
We’re not sure of the science, but Property Update has attempted to put a figure on it. Depending on whether you’ve got a quaint garden outlook or a Sydney Harbour vista you could be talking a price premium of anywhere from 3 per cent to 80 per cent. That’s a pretty wild ranging guestimate, we […]
Brisbane market wrap
The latest CoreLogic stats reported in Property Update suggest we’re sitting pretty. While median dwelling values in Sydney and Melbourne fell more than 10 per cent over the 12 months to April, Brisbane’s market stayed relatively stable. On average, Brisbane dwelling values were down 1.9 per cent, with apartment values (-2.4 per cent) falling further […]
What ScoMo’s unlikely election win means for property
SportsBet is perhaps the biggest election loser. In a supremely overconfident misstep it paid out early a whopping $1.3 million to those who’d back Shorten. Ouch! As far as election winners, none are grinning so widely as Scott Morrison himself, but doubtless many first home buyers and investors are also pretty pleased. First up, first-timers […]
Aussies invest more mojo in house hunting than gym workouts
We while away 2.5 hours each week on average browsing listings while extreme property devotees invest more than 7 hours pining over houses, property magazines and websites. By comparison we spend just 0.88 hours a week talking to our parents, according to HSBC research published by news.com.au. (Note to mum and dad: if you want […]
