Purchasing - First home buyer

The Bank of Mum and Dad is just generational self-interest to keep house prices high

Posted on April 4, 2017 by | 0 Comments
You know the remarkably high price of homes is now a top issue for our politicians, state and federal. But you may need reminding that house prices are an intergenerational issue. As a general rule, the younger generation buys its homes from an older generation, which means rising house prices constitute a transfer of wealth from younger to older generations. Unfortunately, this conflict of interests between the generations makes it unlikely the measures in the...

Continue Reading »

Home is where the heartbreak is for GOMOs

Posted on November 11, 2013 by | 0 Comments
It’s a phenomenon fast becoming known in the property industry as ”GOMO”: Grief Over Missing Out. Prospective buyers who pin their hopes on a dream home and are outbid at auction by competitors are increasingly slumping into a state approaching clinical depression, experts say. “Some people put an enormous emotional investment in a particular place and fall in love with it before they’ve been able to buy it,” said Amanda Gordon, a clinical psychologist and...

Continue Reading »

The dos and don’ts for buying off the plan

Posted on November 2, 2013 by | 0 Comments
For those on the hunt for a property, buying off the plan can be a great move for some security in your investment. It has advantages such as locking in a price to safeguard against rising values, as well as a number of tax advantages. Off-the-plan properties may just be the solution for investors who need to organise their finances or first homebuyers who currently do not have enough capacity to purchase. However, there’s still...

Continue Reading »

Gen Y is the most upbeat about property prices, and first-home buyers are ready for a comeback

Posted on September 26, 2013 by | 0 Comments
QUEENSLANDERS are more positive about housing affordability than anywhere else in Australia, with Generation Y the most upbeat of all when it comes to property prices, according to new research. The annual realestate.com.au Housing Affordability Sentiment Index (HASI), which tracks the sentiments of Australians towards the cost of housing, reveals that all states and generations have a brighter outlook on property prices in general than 12 months ago. This is despite statistics based on the...

Continue Reading »

How to get your offer accepted

Posted on September 22, 2013 by | 0 Comments
Experts reveal their tips on how to increase your chances of having an offer accepted over your competitors. Homebuyers and investors should consider attaching a 10 per cent deposit cheque to a signed contract if they want to increase their chances of having their offer accepted, according to real estate author and buyers agent Patrick Bright. The EPS Property Search director and author of The Insider’s Guide to Buying Real Estate says one of the basic rules...

Continue Reading »

Roll up your sleeves because minor improvements to a property can boost its appeal — and its income

Posted on September 21, 2013 by | 0 Comments
When looking to buy an investment property that will bring in a good rental return, location – in particular, proximity to public transport and the local shopping strip – is key. As is buying something that offers a sensible layout and, if you’re intending to lease it immediately, won’t require large capital works to bring it up to scratch. But once you’ve taken possession, what – apart from ensuring the property has been properly cleaned...

Continue Reading »

Real estate industry only has itself to blame for holding back first-home buyers

Posted on September 18, 2013 by | 0 Comments
What will it take for the real estate industry to be satisfied? It’s doubtful there’s been a time in the past 10 years when the industry has had it this good. Interest rates at historic lows, sales volumes rising, housing finance increasing month by month, building approvals trending strongly upwards, grants and stamp duty concessions to people building new homes, affordability the best it’s been since 2003 and confidence rising – it’s an almost perfect...

Continue Reading »