It Pays To Be A Good Kid – Tougher Lending Terms & Conditions See Bank Of Mum & Dad Rise 25%

Tougher conditions imposed by banks, rate rises, increased minimum deposits and harsher repayment terms, has seen parental lending increase by 25 per cent to about $20 billion in the past 12 months as reported by the Australian Financial Review, and it’s only going to get worse according to RBA governor Philip Lowe and ANZ CEO Shayne Elliot, who both warned this week that loans will become even more difficult to get after the poor behaviour of banks exposed in the banking royal commission. In Read more [...]

Tensions Rise As Sydney’s Auction Clearance Rate Drops Below 60%

Sydney’s property market saw tensions rise this weekend past with auction clearance rates dropping to 58.1 per cent as reported by Domain, as auctioneers who were confronted by a significant amount of “pass-in’s”, mediated standoffs between prospective buyers and vendors across the city. The clearance rate for Saturday, one of the lowest of the year, was based on 378 reported auctions. However in addition to this, 76 properties were withdrawn, and a further 216 scheduled auction results Read more [...]

What Exactly Does An Agent Do And Do I Need One?

In today’s world of technology, there are many options for selling a home - some including the use of a real estate agent and some eliminating the agent entirely for example by using Purple Bricks. However few actually know exactly what goes into the process of selling a home, or what the benefits of having an agent is. We thought we might shed some light on this and take you through the entire process so you can decide whether an agent is right for you. Why Use A Real Estate Agent  Renowned Read more [...]

There’s Something About Radelaide – Interstate Demand Fuelling Adelaide’s Property Market

  Last month, Property Journalist Andrew Street revealed in a devastatingly candid tale, why his love affair with Sydney had come to an unfortunate end, and how his love of the glistening harbour city had officially turned to “unrelenting disgust”. A bit harsh you might think? Citing many reasons from transport and construction to public safety, Mr Street revealed the final straw was undoubtedly the most predictable - HOUSING PRICES. Specifically, the spiralling rent increases since Read more [...]

Why Let A Stranger Inspect A Property For You When You Can Use Home Live?

It’s an ongoing frustration amongst renters who are looking for a new home yet either can’t make the inspection time, or have multiple properties that they would like to inspect fall during the same time period. But would you let a stranger go to an inspection for you? A company in Melbourne called Propzee conducts inspections of properties for rent for people who can’t be there in person, claiming to provide its clients with a condition report on the fixtures in each room along with photos. Read more [...]