Home Buyer


The five biggest property buying fails and how to avoid them

BUYING your forever home is one of life’s most exciting and emotional milestones. But it is also going to be your biggest commitment. And in a competitive property market, the emotions of home buying can be amplified, making it even easier for first home hopefuls to make mistakes that could cost thousands. These are the five most common buying fails property punters make, according Darren Piper, director of Universal Buyers Agents, and how to avoid them. FALLING IN LOVE Getting […]

Reserve Bank hints at further home lending restriction

The Reserve Bank has flagged throwing more “sand in the gears” of the housing market, as runaway price rises in Sydney and Melbourne renew bubble fears. The most recent home value indices put annual price rises in Sydney above 18 per cent, Canberra at 15 per cent and Melbourne more than 13 per cent. Those price gains are being driven by a surge in property investment, with Bureau of Statistics figures out on Friday showing that new investor lending grew […]

RBA leaves cash rate on hold in March

THE Reserve Bank has left the official cash rate on hold at 1.5 per cent for the sixth meeting in a row. The RBA was widely expected to keep rates steady at its March meeting after the national accounts released last week showed a marked turnaround in economic growth. Reserve Bank governor Philip Lowe last month spoke three times about keeping rates on hold to balance the need to boost inflation while maintaining financial stability amid record household debt. Real […]

Real estate price quotes for Victoria to cause confusion with new laws on the way

Confused about the conflicting terms that real estate agents use to quote the likely selling prices for properties? Then get set for the uncertainty to intensify – at least for the next few months. Many agents are adopting highly divergent approaches to quoting prices in the countdown period to the Victorian government’s introduction of new laws to clamp down on underquoting by agents. The most widely used terms include “offers above,” “price on application” or no price indication at all. […]

Why the RBA cares about house prices and how it affects interest rates

The majority of countries in the world have a central bank whose role is to maintain economic stability by managing the currency and interest rates, and issuing bank notes. In Australia, this institution is known as the Reserve Bank of Australia, also referred to as the RBA or the Reserve Bank. On the first Tuesday of every month, except for January, the RBA board meets to determine whether it should change the official cash rate. The result usually makes headlines […]