Open Home Numbers Are Climbing: What This Means for Buyers & Sellers in the Illawarra

From 1 October 2022 to June 2025, 10,000 places will be available each year under the Regional First Home Buyer Guarantee. The scheme was scheduled to come into effect on 1 January 2023, but the government has shifted the date earlier.

Don’t know your LMI from your LVR? Can’t quite remember what caveat emptor means but you’re pretty sure Robin Williams banged on about it in Dead Poets Society?  Never fear: help is at hand. Without further ado, here is an A to Z of some of the most baffling real estate terminology.

A property that is well presented not only attracts a higher rental income but also a better quality tenant.  Increasing the rental income of your investment property is a top priority for smart property investors and it isn’t as expensive or as difficult as you might think.   A few low cost strategic improvements to your investment property could significantly increase its rental value meaning more money in your pocket each week. 

"We are incredibly proud of the recognition received at this year's awards and it demonstrates the exceptional talent we have within the MMJ Real Estate Group and showcases the high level of service our clients receive." 

With the housing market finally softening after years of growth, many investors are asking this question.  So is it better to buy or rent in Australia in 2022? The answer comes down to balancing what you value most and the price you’re willing to pay for it.