Top 5 Reasons Your Home Loan Application May Be Rejected

1.      No Demonstrated Savings

Demonstrated savings can be defined in the finance space as the ability to demonstrate to your bank or lender your capacity to make regular and consistent saving out of your income over a period of time. This provides the bank with confidence that you have the … Continue Reading »

Chinese Buyers Paying More?

There is currently very little evidence supporting this, in fact, research conducted by The University of Technology is rather the contrary, finding evidence that Chinese buyers are paying less in comparison for comparable homes.

The report released by the University titled Chinese Demand for Sydney Residential Property, analysed over 73,000 individual home sales over a decade, showing that … Continue Reading »

First Home Buyer Activity Falls to Record Lows

First home buyer activity in Victoria continues to fall in March quarter according to a recent release form property data provider RP Data.

Many have simply drawn to the conclusion that the high number of investors currently present in the Victorian marketplace has singlehandedly drove away first home buyers, however, this observation … Continue Reading »

MARKET OVERVIEW
The Reserve Bank has left the cash rate unchanged at 2.50 per cent in May 2014 in line with general expectations. The Bank again reiterates the weak labour force conditions and lower wage growth which has eased pressure on inflation. With inflation remaining consistent with the 2-3 per cent band, the Bank intends for … Continue Reading »

Difficult times for first home buyers

According to a new survey conducted by realestateview.com.au, 21% of ‘would be’ first home buyers are missing out on entering the property market due to the inability to obtain finance.

Securing finance is proving to be one of the most difficult hurdles to overcome when purchasing a property and for first home buyers it … Continue Reading »

Post Mining Boom… What’s Next?

The construction industry could be the hero that puts Australia’s balance sheet back in the black according to Herron Todd White, Australia’s largest Independent Property Advisory group.

After the mining boom has come to an end and is unable to provide the jobs and economic benefits it has in the past, where will Australia look … Continue Reading »

Melbourne Home Value Growth Tops the Nation

Due to a strong demand for Melbourne property, values have increased in March resulting in the largest rise of all capital cities over the first quarter of 2014 according to RP Data’s Robert Larocca, Victoria Housing Market Specialist.

“The Melbourne property market has now moved from recovery into a growth phase. This has … Continue Reading »

Pain & Gain For Property Resales

In the final quarter of 2013, 9.7 per cent of resales nationally recorded a gross loss from the original purchase price, according to RP Data’s Quarterly Pain and Gain report for December 2013 which was released this month.

1 In 10 Resales Result In a Loss

One in ten or 9.7% of property re-sales sold … Continue Reading »

Ready Steady… Sold!

A steady auction weekend has again come and gone with 2431 capital city properties reportedly auctioned off with a combined clearance rate of 71.2%.

963 residential Sydney properties taken to auction

Over the week and the preliminary auction clearance rate was recorded at 77.9%, compared to a 79.8% clearance rate across 868 auctions over the previous … Continue Reading »