Equity-rich Sydney and Melbourne homeowners may help boost Australia’s coastal lifestyle markets. CoreLogic research analyst Cameron Kusher says some areas are starting to show growth although regional housing markets are a mixed bag. “Newcastle, Wollongong, the Richmond-Tweed region in northern NSW, the Gold Coast, the Sunshine Coast and Cairns are probably the most notable regional […]
Outdoor living: 3 key ways to add real property value.
Outdoor living in Australia goes hand in hand with our laid back, social lifestyles, and a relaxing, practical, inspiring outdoor living space has become an essential inclusion in our homes as we look to enhance both our lifestyle and our property value. Here are the top three ways to maximise your outdoor living area, which […]
Understanding the 4 Prices of your Property.
Have you ever wondered how a property can be listed for one price, valued at another and then sold for a figure that leaves you scratching your head? With all of these figures floating around how are you supposed to know which price is right? We have put together an explanation on each price in […]
Confused About the New Underquoting Laws?
2016 has seen some significant changes made to the way in which real estate in NSW is bought and sold for both residential and commercial property. The aim of the new underquotting legislation changes is to stop corrupt agencies from benefiting financially. Effects on Sellers? If you are wanting to sell your property, then your […]
MMJ Real Estate announces new Melbourne office as it continues the expansion of its national commercial network.
MMJ Real Estate has announced the opening of a key CBD commercial office in Melbourne, bolstering the company’s rapidly expanding national network. The addition of the Melbourne office completes MMJ’s east coast offering, with its commercial platform now comprising of six offices in Sydney, Melbourne, Brisbane, Perth, Canberra and Wollongong. MMJ Real Estate Chief Executive, […]
Double-digit gains thanks to record low interest rates.
Capital city house prices have finished the financial year with double-digit gains, thanks to record low interest rates. Home values rose 10.1 per cent in the 12 months to the end of June, the RP Data Rismark Home Value Index showed on Tuesday. Sydney once again was the most expensive city with prices rising 15.4 […]
Demand will intensify with stable low interest rates.
It was not surprising today when the RBA decided to keep the cash rate on hold at 2.50% at their monthly meeting. This week there has been an abundant amount of mixed economic data, both positive and negative indicating a rise in the consumer price index, a sudden slowdown in house prices and steady unemployment figures. […]
Strata law changes get another shake-up
It’s not exactly Strictly Ballroom but the ”slow, slow, quick-quick, slow” progress of NSW strata law reform dances on, albeit with a few shimmies and sidesteps as the details are fine-tuned. And that means some proposed reforms will be waltzed completely off the final draft bill while other more controversial elements – like the […]
New Initiatives Announced to Stimulate ACT Market.
Yesterday the ACT Chief Minister, Katy Gallagher, announced a package of initiatives aimed at providing confidence and economic stimulus for the ACT property and construction sectors. The four elements to the package are: releasing at least four civil contracts for estate works in Moncrieff; changes to lease variation charges (LVC); a reduction in extension of […]
No Rate Change Will Keep Housing Market Positive.
It was not surprising today when the RBA decided to keep the cash rate on HOLD at 2.50% at their monthly meeting. Today’s interest rate decision will give more confidence to the already active residential market place. The RBA’s last rate action was in August when it lowered the cash rate by 25 basis points to 2.5%. Since […]