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The Australian property market has been in a downturn for a couple of years, although some parts of the country have escaped relatively unscathed. With the Coalition’s surprise election win at our backs, and the Reserve Bank announcing a rate cut, will the forecast change any time soon? Market overview Where does the market stand…
Read moreThe Reserve Bank Australia has made its first changes to the official cash rate since August 2016, falling to a record low of 1.25% on Tuesday 4 June 2019. For those who follow rate changes, this comes as no surprise: the cut was first mooted in early May, but the decision was pushed back so…
Read moreWith the Federal Budget delivered on 2 April, and the election to follow in May, both major parties are hard at work outlining their policy proposals for the electorate. As always, there are some similarities – both parties are touting tax cuts, for example – and some differences. Against the background of a cooling housing…
Read moreElders Real Estate Katherine ended 2018 in fine style, taking out the Small Agency of the Year award at the Real Estate Institute NT Awards for Professional Excellence. The triumphs have continued into 2019, with Principal Alison Ross winning the Elders National Award for Number 1 Rural Salesperson. She was also a finalist in the…
Read moreOut with the media room, in with the butler’s pantry. It doesn’t seem so long ago that every new build and renovation needed a dedicated media room or home theatre. From a luxury item, the media room became common even in mid-range new builds around the country. Today however, it rarely features. The proliferation of…
Read more2018 proved to be a tumultuous year for many parts of the Australian property market. Hobart property values grew by a staggering 9.3%, while Sydney and Melbourne both experienced their largest falls since 2011. But no matter how volatile the big picture seems, the reality is more prosaic. In every market, some areas do better…
Read moreIf you own an investment property, the rent you charge is the income you derive from that property. If you don’t raise the rent every now and then, your income will fall behind in real terms due to inflation. But if you raise it too often, or by too large a margin, you run the…
Read morePantone, has announced its Colour of the Year 2019. This year, the trophy goes to Living Coral, an orangey-pink shade with “golden undertones”, according to Pantone. Pantone takes its annual colour very seriously, tasking the Pantone Colour Institute with analysing the latest in colour trends and colour influences to come up with the award. Since…
Read moreWith the housing market slowing across much of Australia, some believe now is an ideal time for first home buyers to get that all-important foot on the ladder. In fact, a recent Major Bank survey found that Australians think now is the best time to buy a house since March 2015, especially those on the…
Read moreUnless you’re selling a brand new build, chances are that your much-loved property has a few flaws. And while it might be impossible to achieve perfection, good presentation does matter when you’re selling as most buyers want a home that needs as little work as possible. That said, some repairs are more important than others.…
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