Latest property News

Off-the-plan unit buyers eligible to recieve Federal Government’s HomeBuilder scheme

Thursday 30 Jul 2020

While most of the focus has been on single home construction, there’s been a boost for fresh off-the-plan project offerings in the Federal Government’s HomeBuilder scheme. While most of the focus has been on single home construction, there’s been a boost for fresh off-the-plan project offerings in the Federal Government’s HomeBuilder scheme. Following the hasty launch of the scheme in early June, the Federal Minister for Housing and Assistant Treasurer Michael Sukkar conf ....

More info

NSW government announces changes to stamp duty threshold; boost for first homebuyers

Tuesday 28 Jul 2020

First homebuyers who purchase a property worth up to $1million will save thousands on stamp duty costs under new NSW government scheme.In changes announced today by NSW Treasurer Dominic Perrottet to stamp duty threshold, stamp duty will be waived for homes up to $800,000 and discounted up to $1 million from 1 August this year. The previous limit was $650,000."It's the great Australian dream to buy your first home and we want to get as many young families into the housing market as pos ....

More info

More than half of property sellers withdraw homes from market in first six weeks of COVID-19

Monday 27 Jul 2020

Property auctions in Australia dropped by almost a third during the peak of COVID-19 in Australia, with more than half of vendors choosing to postpone their sale until more confidence comes back into the market.New data from property research firm CoreLogic shows that over the June 2020 quarter - auctions were down 27 per cent compared to the prior March quarter, and down 24 per cent from the comparable period last year.Notably, the first six weeks of the quarter saw 56 per cent vendors withdraw ....

More info

Can't travel, will renovate

Friday 17 Jul 2020

At the start of the pandemic, home renovator and designer Sarah Tilley was worried her business would go bust, thinking people would hold off renovating and spending money while the virus was raging. But then her phone started ringing, and never seemed to stop. "People are calling us non-stop to get quotes, to install new kitchens, extra bedrooms, formal offices or even do the whole house because they can't travel overseas or to some states in Australia, so they're using their travel money to re ....

More info

First Home Loan Deposit Scheme: 10,000 more places made available for first home buyers

Wednesday 01 Jul 2020

As of today, the Federal Government has opened up 10,000 more spots for first home buyers looking to crack the Australian property market with a minimal deposit. Known as the First Home Buyer Deposit Scheme, the benefit allows first-time buyers to put down just 5 percent deposit for a property with the government acting as guarantor for the remaining 15 percent. Buyers still have to pay the remaining 15 percent, as they are technically borrowing 95 percent of the property's valuation from a lend ....

More info

5 things buyers need to be aware of when taking advantage of the HomeBuilder package

Thursday 25 Jun 2020

There are so many brand-new designer homes now selling around Australia, and let’s face it, for many of us, the thought of living in a property that has not been lived in by others, or being able to personalise the design of your own home, is appealing. As consumers, we can choose from many different types of new properties available to us, including a unit, townhouse, duplex or even a house-and-land package in a new estate. But it is important to be aware of the pitfalls of brand-new prop ....

More info

Government unveils housing stimulus

Tuesday 09 Jun 2020

The federal government has announced a new $700-million housing stimulus package aimed at rekindling property market activity. A $25,000 grant will be available to owner-occupiers “substantially renovating” or building a new home from 4 June to 31 December 2020, as part of the Morrison government’s new $688-million HomeBuilder package. A national price cap of $750,000 has been set for new home builds, and a renovation price range of $150,000 to $750,000 will apply to renov ....

More info

The 5 ways purchasing property helps you achieve financial freedom

Tuesday 26 May 2020

Managing our income and savings is so important if we wish to get ahead. The cost of living seems like it’s always increasing, our circumstances can change and the economy is forever fluctuating. We have to make savvy decisions now for our future. Because of this, it’s no surprise that many people are searching for investment options that will help them gain more financial assistance and security. Acquiring property is one of those options. Owning property is part of the great Austra ....

More info

Stamp duty plan required to boost confidence

Tuesday 26 May 2020

In the race to reach the post-COVID-19 recovery stage as quickly as possible, the necessity is to bring confidence back. However, at a time when everyone is hanging on announcements, commitments and timelines from politicians and regulatory officials, it’s important that the communication is clear, transparent and detailed in order to boost confidence. Recent discussions surrounding changes to stamp duty have not been one such communication. Over recent weeks, the federal Treasurer, RBA go ....

More info

REINSW does a callout for government to protect landlords

Monday 11 May 2020

Everyone matters in real estate – that’s why it’s important everybody is recognised equally when it comes to the NSW Government’s Residential Tenancies Amendment (COVID-19) Regulation 2020 (NSW), said the REINSW.  Tim McKibbin, CEO, REINSW said Government needs to recognise that landlords are in a similar position to tenants throughout the COVID-19 pandemic. "There is a great deal of concern for tenants, as there should be, due to COVID-19," said Mr McKibbi ....

More info