Search Results for: first-home buyers
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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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FRANCHISE NEWS
Top Bayside agent Tracy Tian Belcher joins The Agency
High-profile agent Tracy Tian Belcher has joined The Agency as a property partner in the brand's Victoria team.
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INDUSTRY NEWS
Demand for Queensland land driving prices higher in growth corridors
A major shortage of land across South East Queensland’s growth corridors has driven up prices for new lots.
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Real Estate News
Federal Election puts a dampener on auctions
With the nation heading to the polls for a Federal Election at the weekend, both the auction volumes and the preliminary clearance rate felt the effect, slumping to the lowest success rate of the year. CoreLogic reported auction activity was down across all capitals, except Perth, with just 1676 properties going under the hammer in the combined capitals to record…
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Real Estate News
In the final weeks of the Federal Election campaign, housing supply takes centre stage
Last night, the Liberal Party launched its Federal Election campaign in Brisbane, unveiling two new housing policies to help people buy homes if they are re-elected. First is an extension of the existing superannuation tax incentive, which allows Australians aged over 65 to sell their homes and invest an extra $300,000 per person into their super. This will now be extended…
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OPINION
Federal Election won’t dent commercial market confidence
It is an age-old question that rears its head every three years: Just what impact will the looming Federal Election have on the property market including the commercial property sector?
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INDUSTRY NEWS
Buyer’s agent says keep interest rate rise in perspective
The headlines may be screaming doom and gloom, but one buyer’s agent says rising interest rates aren’t all bad news and purchasers need to keep things in perspective.
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INDUSTRY NEWS
Perth property prices hit a record high
Property prices across Perth have finally reached a new record high of $552,128, according to the latest data from CoreLogic.
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INDUSTRY NEWS
First home buyer activity falls away in New Zealand
New Zealand's first home buyer activity has continued to decline as higher mortgage costs have started to have an impact according to a new report.
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OPINION
Nerida Conisbee: Why this year could be a much better one for first home buyers
The start of the pandemic was a popular time for first home buyers to get into the market.
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INDUSTRY NEWS
Perth prices continue to increase in April
The Perth property market has continued to see an uptick in prices since reopening its borders in February.
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INDUSTRY NEWS
Vacancy rates remain at record low levels
The national vacancy rate remains at a record low 1 per cent with ​all capital cities continuing to operate in a “landlords’ market” according to a new report.
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INDUSTRY NEWS
WA the most affordable for first home buyers
Perth has been named the most affordable capital city for first home buyers, with regional Western Australia taking the title of most affordable area in the country, according to a new report.
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