Making headlines this week, interest rates drop to their lowest level in over 50 years; property investors flocking back; and over one million Aussie homes are powered by the sun ….
If you want to buy real estate well, rule number one is to remember who is working for whom. The selling agent will appear to have your best interests at heart however the truth is what they are really interested in is selling you a property they have for sale and selling yours if you have one to sell. Read More.
The sun shone brightly on borrowers and homebuyers this week, when the Reserve Bank reduced the Official Cash Rate (OCR) by 25 basis points at its August meeting on Tuesday, bringing it to a remarkable 2.5 per cent.
The decision was no great surprise to analysts, however, with the ABC reporting earlier that day that it had been predicted by ‘all but one of the 27 economists surveyed by Bloomberg’.
The OCR has not been as low as 2.5 per cent since the 1960s, but Reserve Bank Governor Glenn Stevens indicated that there is still room to move ‘as needed to foster sustainable growth in demand and inflation outcomes consistent with the inflation target over time’.
Investors are starting to once again buzz round the proverbial honeypot as interest rates drop, values rise and returns improve, according to a monthly report.
RP Data and Rismark International this week released figures showing that capital city dwelling values continued to improve in July, as did capital gains and rental yields.
For vendors, ‘time-to-sell’ has dropped even further, clearance rates are high and discounting has been reduced, so it could be a very good time to sell your home…
Over 1 million Australian roofs now boast solar panels.
It is a considerable improvement on the 8,000 recorded in 2007 but with our potential for solar generation in the world’s sunniest continent, we can do much better, according to a report released this week by the Climate Commission...
After our article last week on selling an empty home, we had some queries sent our way on home styling, or ‘staging’.
What is it, why would you do it and is it expensive?
As one heir to the British throne takes his new baby son and heir home, the importance and influence of the Royal Bedchamber throughout history is being celebrated by the production of an exclusive line of beds.
Costing the discerning buyer around £175,000, the Royal State Bed has been made by British manufacturer Savoir Beds to celebrate their association with the Secrets of the Royal Bedchamber exhibition currently being held in Hampton Court Palace.
In the royal spirit of exclusivity, only 60 of the beds have been made. When you take into account the master craftsmen who worked on the design and structure, the 1631 miles of thread woven, and the estimated 600 hours of detailed craftsmanship on each bed, it's easy to see why.
Sales of new homes continue to indicate the changing composition of new home building in 2013, the Housing Industry Association (HIA) said this week.
The HIA has released a new report this week that shows just how the scales are tipping…