How to apply for the NSW HomeBuilder grant

How to apply for the NSW HomeBuilder grant

Residents of New South Wales can now apply for the Federal Government’s tax-free $25,000 HomeBuilder grant. Announced as part of the recent COVID-19 economic stimulus package, the grant program offers a financial incentive for first homebuyers and owner-occupiers to purchase or renovate their homes. So far, applications for the grant have exceeded expectations, with many […]

The True Value Of Property

The True Value Of Property

Brett Smith from McLennan Steege Smith Property Valuations joins Birdie Wealth’s Nathan Smith to discuss the role of the valuer when it comes to buying and selling property, tips on how to add value to your home, disputing a valuation and the impact COVID-19 has had on the industry. Listen to the Podcast HERE

Melbourne trumps Sydney in home value growth

Melbourne trumps Sydney in home value growth

Although it still currently holds a lower median house price, Melbourne exceeds Sydney when it comes to home value growth. The Australian reports that, according to property researcher CoreLogic, the reason for the quicker pace south of the border is a mixture of strong interstate migration and comparative affordability. The Sydney market has generally held […]

What the latest Census figures reveal about our housing market

What the latest Census figures reveal about our housing market

Despite a slow decline in home owners amid a country-wide housing affordability crisis, new Census data has revealed that the notion of possessing property is still achievable. The recent release of Census datas shows that national home ownership and rental rates vary across different locations. The data highlights a range of interesting statistics around housing, […]

Back in “bid-ness” | First home buyers return to the market amid stamp duty concessions

Back in “bid-ness” | First home buyers return to the market amid stamp duty concessions

First-home buyers have made the most of the Government’s new stamp duty concessions as part of their housing affordability package, returning to the auction market in force over the weekend. The measures, which kicked in on July 1, mean that first-home buyers are free of stamp duty for purchases up to $600,000 while discounts apply […]

Survey reveals 25-29 year olds believe home ownership is out of their reach

Survey reveals 25-29 year olds believe home ownership is out of their reach

The Daily Telegraph reports that a national survey, branded as Australia’s largest outside of the official Census, has revealed that over half of NSW residents between 25 and 29 believe that home ownership is no longer realistic. The survey, which consisted of Commonwealth Bank customers, varied considerably suburb to suburb. In the more affordable Sydney […]

NSW government announces 15 new priority precincts for Sydney

NSW government announces 15 new priority precincts for Sydney

Fifteen new priority precincts around Inner Western, South West and Northern Sydney have been announced in a move to combat the city’s housing affordability crisis and assist first home buyers. The new precincts are all located nearby public transport and have been identified as having broad social, economic and environmental significance to their respective communities. […]

Hillsdale continues to attract developers

Hillsdale continues to attract developers

In Sydney property terms, Hillsdale could be considered an affordable suburb with a median unit price of $653,500. It’s also a lesser-known suburb in heart of south-eastern Sydney, predominantly made up of apartments. RealEstate.com.au has recently reported that a four-level development has been approved for a site at 41-45 Rhodes Street where “there is DA […]

The hot topic of housing affordability

The hot topic of housing affordability

Housing affordability is the hot topic of discussion at BBQs and offices around the country. As the Federal Budget draws near, it’s interesting to look at how housing affordability is being addressed to date and also see the speculation about how the government might address the issue. What’s happened to date: Victorian Government:  Cuts to […]

Auction clearance rates remain strong in Sydney and Melbourne

Auction clearance rates remain strong in Sydney and Melbourne

Business Insider reports that auction clearance rates in Sydney and Melbourne continue to exceed 80%.   Many sellers are continuing to choose to sell their properties via auction regardless of new APRA rules that limit interest only lending coupled with renewed warnings from the RBA.  The strength of the market may also be fuelled by […]