Search Results for: first-home buyers
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INDUSTRY NEWS
First-home buyers choosing pets over family
First-home buyers would rather have more space for a pet than be close to their family according to new research.
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OPINION
Rooms to spare: Andrew Cocks
Australia’s housing crisis is a bit of a misnomer really. What we are really suffering is a housing to household mismatch where large family homes that were once occupied by several people now accommodate just two.
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Falling prices making access to liveable suburbs easier for buyers
Melbourne is now the most affordable city to purchase a house in suburb that is considered “livable” according to a new report.
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Real Estate News
Next property boom could begin in mid-2023
The next property boom could start as soon as mid-2023 according to experts. Ayre Real Estate’s Directors Adrian Wilson and Craig Donohue have predicted that buyers should look to get into the market now ahead of a market turnaround when interest rates begin to fall. The Sydney city prestige apartment specialists said during the next boom apartments will likely outpace…
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Perth most affordable for first home buyers
Perth is the cheapest location in Australia to buy a home with the outer suburbs representing good value for first home buyers according to an expert.
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Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data from CoreLogic showing values fell another 1.3 per cent in October.
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OPINION
Nerida Conisbee: Why getting on the property ladder is so important
A recent report from the Australian Bureau of Statistics shows that today's 24 to 39 year olds are far more likely to rent than their parents at the same age.
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Two experienced agents turn to UrbanX for the future
One of the newest agencies to hit Coffs Harbour, Dobbs & Co is set to build a strong reputation on the northern beaches.
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Real Estate News
Property industry says Budget addresses housing supply but not affordability
The property and housing industries have largely welcomed Tuesday's Federal Budget as a good start to solving Australia’s housing supply crisis, but many said more could be done to address affordability.
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OPINION
Andrew Cocks: Half-baked reform falls flat
For a policy that had done the media rounds when it was first put forward in the June Budget, NSW Premier Dominic Perrottet’s “affordability busting” land tax proposal for first home buyers garnered a lot of attention in the past week or so.
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INDUSTRY NEWS
Rundown Sydney home in need of $500,000 in repairs hits the market
A rundown Sydney home that needs upward of $500,000 in repairs is attracting plenty of interest from potential buyers.
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Real Estate News
NSW Government announces offer for first home buyers to swap stamp duty for ongoing land tax
From January 2023, eligible first home-buyers in NSW will be able to choose between annual land tax and the upfront stamp duty. The scheme, called First Home Buyer Choice, includes an online calculator that will help buyers compare their options. For properties with a purchase price of between $650,000 and $1.5 million, buyers will have the choice of a smaller…
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INDUSTRY NEWS
Further rate rises likely in New Zealand: CoreLogic
Rising inflation in New Zealand will likely mean more interest rate rises ahead according to CoreLogic. CoreLogic NZ Chief Property Economist Kelvin Davidson said the fact that inflation had not yet slowed down and that the Reserve Bank of New Zealand considered the case for a 0.75 per cent rise should indicate further tightening ahead. “The past few weeks have…
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INDUSTRY NEWS
Rising interest rates lead to a surge in refinancing
Homeowners are refinancing their mortgages at record levels as the impact of rising interest rates start to take hold.
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INDUSTRY NEWS
Affordability continues to cause problems for first home buyers
The surge in home prices over the past few years continues to make it more difficult for first home buyers to get into the market. Finder’s First Home Buyers Report 2022 has shown that those people currently looking to buy rated affordability as their top factor in selecting a home, followed by access to public transport, proximity to shops, and…
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OPINION
How much does renovating add to the value of your home?
The level of renovation activity has slowed a little bit since the start of the year, driven by rising interest rates and difficulties in finding builders.
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INDUSTRY NEWS
Low-deposit finance across New Zealand becoming harder to get
Low-deposit finance is becoming increasingly hard to secure in New Zealand as banks continue to tighten lending standards.
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INDUSTRY NEWS
First-home buyers quietly returning to the market
Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.
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SUPPLIER NEWS
Nathan Gallagher takes the helm as REA Group’s national sales director
REA Group continues its focus on customers with new roles announced for Ben Auchettl and Nathan Gallagher.Â
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INDUSTRY NEWS
Busiest winter for new listings in five years
Listings are beginning to pick up across the country, ahead of the typically busy spring season.
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Real Estate News
REIA: housing affordability drops further
Housing affordability has continued to drop with the proportion of income needed to meet mortgage and rent payments rising in the June quarter.
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INDUSTRY NEWS
Brisbane’s rental crisis putting vulnerable renters at risk
The rental crisis in Brisbane is leaving many vulnerable and low-income earners at risk of homelessness according to an expert.
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INDUSTRY NEWS
Should NZ first-home buyers purchase now or wait?
There might be merit in first home buyers waiting a little longer before trying to get into the New Zealand property market, according to a leading expert.
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INDUSTRY NEWS
New Zealand property prices face a test as interest rates rise and sales volumes fall
The New Zealand property market is going to face a “test” as rising interest rates and a wave of refinancing jolt the market in the next 12 months.
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INDUSTRY NEWS
One in five first home buyers take a year to buy a property
Tight supply and rapidly rising prices has seen many first home buyers taking over two years to purchase a property.
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INDUSTRY NEWS
First home buyers exceed their budget to get on the property ladder
Record high home prices and underquoting are forcing first home buyers to pay more than they expected with 37 per cent exceeding their budget.
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INDUSTRY NEWS
Knight Frank and Fred Schebesta examine how crypto, NFTs and the metaverse might shape Australian real estate
Global property consultancy Knight Frank has turned its attention to the rise of cryptocurrency, NFTs, and the metaverse, with the group joining forces with Finder founder and crypto investor Fred Schebesta to decode some of the Australian trends emerging and how they impact real estate.
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FRANCHISE NEWS
Century 21 increases presence in northern Melbourne suburbs
Century 21 is proud to announce the opening of their newest location in Wollert in the northern suburbs of Melbourne.
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INDUSTRY NEWS
Home Guarantee Scheme expands to 40,000 places
Property market leaders have welcomed the expansion of the Federal Government’s Home Guarantee Scheme (HGS), but cautioned rising interest rates and inflation remained key issues for first-home buyers.
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INDUSTRY NEWS
Why sustainable homes sell faster
When given a choice, two-thirds of home buyers prefer energy-efficient homes according to new research from Domain.
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INDUSTRY NEWS
Nearly 13 per cent of first home buyers are considering purchasing interstate
With property prices rising faster than buyers can save, one in eight first home buyers have said they are considering purchasing a home in another state to help them get on the property ladder.
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INDUSTRY NEWS
Homeownership increasingly “out of reach” as average deposit hits $120,000
The surge in property prices has seen the hurdle to get into the property market get even higher with the average first home buyer deposit hitting $119,560.
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Real Estate News
NSW Budget helps certain sectors of the property market
The NSW Government’s stamp duty reform, shared equity scheme and housing infrastructure boost are all positive starts but don’t stretch far enough to make a meaningful, long-term impact on the property market, according to industry experts.
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Real Estate News
Stamp duty putting a huge financial burden on NSW homebuyers
Stamp duty is rising at a faster rate than wages and house prices in NSW, causing homeowners to stay in properties that aren’t suited to their needs.
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INDUSTRY NEWS
Cash buyers on the rise across New Zealand
Cash buyers who own multiple properties are on the rise across New Zealand according to new data from CoreLogic.
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