On February 6, 2024, the Reserve Bank of Australia (RBA) made a pivotal decision to maintain the cash rate at 4.35%, marking its first policy announcement of the year. This decision comes against a backdrop of gradually declining inflation, which eased to 4.1% in the December quarter, down from 5.4% in September.
Choosing between small and large agencies in the real estate world isn’t something that can be decided by a coin flip. Many smaller agencies come with the promise of a personalised approach with more attention to detail. On the other hand, larger agencies like MMJ real estate are more of a ‘blue chip’ option, with broader portfolios, contacts, and marketing reach.
What is the difference between a Market Appraisal and a Property Valuation
The Australian Taxation Office (ATO) has changed the rules for clearance certificates yet again this financial year. The new rule was implemented as part of the 2017 federal budget and was in effect from July 1st, 2017. It is due to affect approximately 60% of the housing market.
Housing affordability has become a hot topic in NSW. Young first home buyers and the middle-class are particularly scorned due to Australia’s high cost of housing in proportion to wage growth. Luckily, the NSW government has recently released a new package of measures designed to improve housing affordability across NSW and give a leg-up to those looking to break into the housing market. Foreign investors, on the other hand, will be receiving a slap on the wrist.
In our June update David and Daniel talk about where the market is? Over the last 4 years the real estate market has seen a steady growth and strong activity, and we haven't seen the usual seasonal changes throughout the year. With winter approaching and tax time looming the market has softened slightly.