Interest Rate Shifts: What They Mean for Today’s Real Estate Market

The current climate has changed the way we do real estate and it's not all about sanitiser and social distancing.  Recent reports indicate a rise in the number of property owners choosing to sell their property "off-market'. And with hungry buyers on the rise and low stock levels, off market sales can present many benefits to both buyers and sellers.

Downsizing usually involves a farewell to high-maintenance homes and excess possessions, but it needn’t mean sacrificing lifestyle, convenience or luxury. Quite the opposite.

The NSW property market will roll out the welcome mat from next weekend with agents and vendors able to hold traditional property inspections and on-site auctions after a six-week limited shutdown due to COVID-19. 

Property auctions and inspections will shift online as the real estate industry takes adequate measures to adapt to recently announced bans on public gatherings.

Despite the jitters about large gatherings, MMJ Real estate offices remain "Open for Business" and would like to remind our clients of many personal services we already offer that adhere to the social distancing required to slow the spread of the virus.

With first-home hopefuls set to face rising prices already in the housing market this year, the First Home Loan Deposit Scheme will offer help to a select number of buyers who may not have the backing of wealthy parents.  The scheme will allow 10,000 first-home buyers to purchase their first home each financial year with as little as a 5 per cent deposit, without incurring lenders mortgage insurance.