EXPERTS have warned homebuyers to beware of a dramatic increase in the practice of gazumping as the Sydney real estate market picks up steam. Gazumping – when a buyer has a verbal agreement with an agent or seller but loses the property to a higher offer – can occur after contracts are signed by the…
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INDUSTRY UPDATEDID THE BUILDER DO THE WORK – IF NOTNO WARRANTY! Many strata schemes now involve the conversion of existing warehouses into residential dwellings and the renovations of old structures for a “Chic” modern look. If you find yourself in this situation, you would be interested in a recent judgement by the New South Wales…
$9 Million dollar defects man Construction defects are generally highlighted as a major problem and expense for Bodies Corporate across Australia. The fear of taking legal action, the threats from builders and developers (to take this to the “High Court”) and the never ending pressure on the Executive Committee and their consultants to get the…
Australian home values have fallen for the second year in a row, marking the worst run for the national property market in 16 years. The slide comes despite the Reserve Bank of Australia slashing the cash interest rate six times in little more than a year, suggesting the availability of cheaper credit is only tempering…
We believe in supporting our local community as well as future generations in any way that we can as it is a medium to give back to our clients who have supported us strongl y over the years. Charities which we have been supporting over the years include The Childrens Medical Research Institude, The Cancer…
Experts say plans for light rail between the CBD and the University of NSW will boost property prices along the route. The state government is expected to announce next week the first stage of a light rail plan that is set to reinvigorate Sydney’s public transport network. It is also expected to commit to the…
About $10 a month and $120 a year doesn’t seem much to miss out on. It hurts a little more when you realise that’s $2811 over the life of a 25-year, $300,000 home loan, and a further $2400 if you’d stuck with the higher payments you’re used to making. But it’s downright painful to consider…
Next year’s federal election could have a big impact on the property market, experts say. Though the senior economist of Australian Property Monitors, Dr Andrew Wilson, is still tipping prices nationally to grow between 3 and 5 per cent next year. This compares with the 1 per cent growth over the past 10 months to…
Exciting ‘Ground Breaking Ceremony’ at Augusta Apartments in Breakfast Point. Construction has now commenced for these exclusive waterfront apartments, nestled on the prized Magnolia Drive in the Breakfast Point Penninsular – www.augustabreakfastpoint.com
The decision by the Reserve Bank to cut the official cash rate has given the pre-Christmas auction market a much-needed instant boost, agents say. But other experts argue that economic issues will weigh heavily on buyers as they face one of the biggest auction days of the year this Saturday. And the Australian Bankers’ Association…