Search Results for: first-home buyers
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News
Is the home and business lending surge about to slow down?
Finance broker Savvy has analysed the latest ABS lending indicators to uncover whether the increase in new loan commitments has peaked yet.
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News
20-year analysis shows housing affordability continues to decline but rental affordability stable
The Real Estate Institute of Australia (REIA) has crunched the numbers and found housing affordability has been on the decline for the past two decades.
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Features
Century 21 Living Local principal Gary De Paoli has found his true calling
Sales is in Gary De Paoli’s blood. While many proponents say sales can be taught, for Gary, it’s something that has always come fairly naturally to him. Over the years, he’s sold spring water and garage doors, but it’s his time as a real estate agent that is closest to his heart. Gary joined the industry in 2005, and the…
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News
Record gains and very little pain for New Zealand property sellers
New Zealand home owners are pocketing a record level of gross profits from property resales as the country's real estate market defies last year's weak economic outlook.
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INDUSTRY NEWS
The Perth suburbs where it’s cheaper to buy than rent
It cheaper to buy a home than rent in 112 Perth suburbs, according to the REIWA.
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News
First home buyers in NZ will suffer from the Reserve Bank’s surprise decision on mortgage deposits
RBNZ's decision to reduce the number of owner-occupiers that can get a mortgage with less than a 20 per cent deposit is set to have huge impacts on first home buyers
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INDUSTRY NEWS
More Australian homes selling than coming on the market
Dwelling sales continue to surge across Australia against low listings levels, according to new CoreLogic data. In the three months to July, CoreLogic estimated there were around 171,100 dwelling sales in Australia. This is 53.4 per cent higher than what has typically been seen this time of year for the previous five years. In the same period, there were just…
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INDUSTRY NEWS
Australians are using lockdown to hunt for property online
Search activity on realestate.com.au jumped 2.4 per cent last week as lockdowns were felt across the country.
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INDUSTRY NEWS
Number of single women buying first home tipped to rise
REIA forecasted a rise in single women purchasing their first homes.
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INDUSTRY NEWS
Regional areas benefit from Sydney and Melbourne’s population exodus
Regional areas in New South Wales and Victoria have seen a huge spike in house sales as city residents move away from Sydney or Melbourne.
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INDUSTRY NEWS
RBA maintains flexible approach with continued cash rate hold
The Reserve Bank of Australia (RBA) has decided it will keep the nation's official cash rate on hold at 0.1 per cent.
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News
Coastal apartments in hot demand in NSW
Sydney’s extended lockdown has boosted buyer enthusiasm across regional New South Wales, with enquiries increasing for apartments in coastal areas.
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INDUSTRY NEWS
CoreLogic NZ expects mortgage lending volumes will ease
CoreLogic New Zealand (NZ) has tipped lending activity will slow down over the coming months with mortgage rate increases on the horizon. This comes despite property sales activity remaining solid in June. CoreLogic NZ Chief Property Economist Kelvin Davidson said it was interesting that first-home buyers had a monopoly on mortgage lending with less than a 20 per cent deposit.…
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INDUSTRY NEWS
New Zealand hits a turning point in the property investment market
The recent uptick in mortgage interest rates is yet another influencing factor in the New Zealand residential property investment landscape, with CoreLogic suggesting the market is close to a significant turning point.
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INTERNATIONAL
Apple offers $1 billion in affordable housing support across California
Tech giant Apple has delivered more than $1 billion for housing projects across California over the past 18 months. Technology-industry heavyweights like Apple and Amazon are offering affordable housing solutions across America, with the housing bubble crisis booming throughout the country, primarily due to the pandemic. While one group of American households is rushing to buy homes with savings built during the…
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INTERNATIONAL
Millennial first-home buyers should expect to pay US$30,000 for repairs
With American millennial buyers taking advantage of record low mortgage rates and jumping into home ownership, there are plenty of unexpected projects to get their first home move-in ready. According to the new Zillow and Thumbtack survey of 1000 home buyers, the average millennial expected to pay between US$10,000 and US$15,000 to make a home move-in ready. In reality, the data shows new home owners should…
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News
New Zealand’s mortgaged investors see fall in share of property purchases
Over the past three months, New Zealand‘s mortgaged investors have seen their share of property purchases fall, while the number of first-home buyers (FHBs) bought at increased rates. CoreLogic New Zealand (NZ) Chief Property Economist Kelvin Davidson said these patterns were more due to the 40 per cent deposit mortgaged investors need, rather than the March tax changes. The June…
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Features
Sam Linn: Success in a town like Alice
Looking back on 2020, Northern Territory sales agent Sam Linn notes it was a watershed year professionally and personally.
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INDUSTRY NEWS
Online property platform’s discount model puts buyers in the box seat
Online property start-up GroupBuyer aims to shake up the real estate market by offering discounts to first home buyers and investors. “For decades we’ve been selling real estate one property at a time but for the past two years GroupBuyer has been building a unique software platform that enables buyers to be ‘grouped’ to leverage the buying power of each…
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INDUSTRY NEWS
Family Home Guarantee and First Home Loan Deposit kicks off around Australia
Two highly anticipated government initiatives started 1 July, designed to provide Australians with a more secure future, but not everyone is guaranteed to be a winner. The Family Home Guarantee and First Home Loan Deposit scheme have each offered 10,000 new spots to eligible lower income Australians. But financial comparison hub RateCity warns consumers to check the fine print for…
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INDUSTRY NEWS
REISA welcomes new budget but seeks more focus on housing
The Real Estate Institute of South Australia (REISA) has welcomed the continued emphasis on infrastructure throughout the region, but was concerned with the lack of investment in the housing sector. The 2021-22 State Budget handed down by the South Australian (SA) Treasurer Rob Lucas maintained a strong economic focus but should have included more assistance for the property sector, according…
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INDUSTRY NEWS
Housing policy changes have had little effect on the NZ market
Three months on from the New Zealand government’s housing policy, CoreLogic reveals the changes are yet to have a discernible impact on the market. CoreLogic Head of Research Nick Goodall admits it’s “still early days”, after the New Zealand (NZ) government policy was announced on 23 March this year. “It’s hard to disentangle the government’s bright-line extension and tapered removal…
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News
SA Budget misses chance to get empty nesters moving
The South Australian Budget has delivered a huge $17.9 billion in infrastructure, which was set to underpin the state’s robust real estate markets and future growth. However, Raine & Horne SA General Manager James Trimble said the Budget was a missed opportunity. Mr Trimble said Treasurer Rob Lucas should have encouraged empty nesters to downsize into smaller homes in Adelaide…
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News
REIA urges Australians to use deposit schemes
Thousands of Australians have been given their first real chance to buy their own home.
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INDUSTRY NEWS
First home deposit scheme well placed to help thousands
The Housing Industry Association of Australia has welcomed the adjustment of First Home Loan Deposit price caps and build times.
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INDUSTRY NEWS
State Budget a mixed bag: REIQ
The Real Estate Institute of Queensland is urging the State Government to do the heavy lifting across affordable housing, delivering First Home Owners Grant extensions and cutting stamp duty. The Announcement: The Real Estate Institute of Queensland has welcomed increased social housing and infrastructure spending in the 2021-22 Queensland Budget but has given a thumbs down to a lack of…
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FRANCHISE NEWS
New Laing+Simmons office opening in Sydney’s Rooty Hill
Laing+Simmons Mount Druitt have set up shop in the Western Sydney suburb of Rooty Hill. Headed by Jack and Basel Nahas, the new office will service the growing Rooty Hill, Eastern Creek, Plumpton and surrounding areas. It is set to offer a full suite of real estate services to the local community, including sales, property management, auction services, project marketing…
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INDUSTRY NEWS
SA house prices higher but first time buyers still coming
House prices might be rising but that’s proving no deterrent to first home buyers in South Australia The Announcement: The rising real estate market in South Australia over the past year has proved little deterrent for first time buyers looking to purchase property, according to REISA CEO, Barry Money. “Statistics show that increasing numbers of first-time buyers are taking the…
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News
Sales double in Perth suburbs as first-home buyer activity ramps up
New sales data reveals 10 Perth suburbs have more than doubled their sales volumes in the past year. The Real Estate Institute of Western Australia (REIWA) confirmed the March quarter saw strong sales growth across Perth. There was a 31 per cent increase when compared to the March 2020 quarter, but 10 suburbs stood out with more than 100 per…
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News
Australian homes selling faster than ever
New statistics reveal properties across Australia sold at record speed in May. The REA Insights Housing Market Indicators report showed the average number of days on-site fell to a historical low of 32 last month. The June 2021 report combined eight key metrics to provide an up-to-date view of the property market and emerging trends. These metrics include search activity,…
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News
Home loan commitments hit record high
Owner-occupiers are fuelling a record high level of new loan commitments for housing.
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INDUSTRY NEWS
Buyers snap up Mastery apartments in Waterloo
Buyers are looking for low maintenance, luxury apartments across Sydney’s most convenient locations, according to Crown Group. The Announcement: Mastery by Crown Group in Sydney’s Waterloo has experienced a spike in sales with the current median unit price now 66 per cent lower than the median house price in Sydney, driving demand for luxury, more affordable apartments with resort-style amenities. Crown…
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FRANCHISE NEWS
Stone Real Estate opens Logan franchise
Real estate franchise network Stone is set to capitalise on the growth potential of Logan, Queensland, with a brand new office. Local agent Jason Savage will open the office in what is a strategic move in Stone’s expansion strategy. With a population of just shy of 350,000, Logan is located between Brisbane, Ipswich and the Gold Coast, with easy access…
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News
Australia’s housing and rental affordability declines
Overall rental and housing affordability has fallen in Australia in the March quarter, according to new data from REIA. The latest Real Estate Institute of Australia’s Housing Affordability Report has found housing affordability has improved in NSW and South Australia, remained steady in Western Australia and the Australian Capital Territory but it declined in Victoria, Queensland, Tasmania and the Northern…
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INDUSTRY NEWS
Sales of Crown Group’s Mastery apartments soar
Mastery by Crown Group has experienced a spike in sales as demand for apartments rises.
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