The real estate market has been through a rollercoaster of interest rate changes in recent years. Understanding these shifts—and what they mean for you—can give you a real edge whether you’re buying or selling a home.
Nationwide measures of housing prices are little changed over the past six months. Conditions in the Sydney and Melbourne housing markets have eased, with prices declining in both markets. Housing credit growth has declined, with investor demand having slowed noticeably.
It's not where I thought we’d end up. I thought we were going to see clear price drops, but it's not happening. An Illawarra analyst believes that while the real estate boom may be over elsewhere in NSW and Australia, it’s not done in Wollongong just yet.
MMJ Real Estate Directors Nick & Gavin are pleased to announce that as of the July 1, one of our valued agents, Phil Green, has become an equity partner of the MMJ Canberra business.
In a proposed reform to credit unions, building societies and online lenders, the federal government is planning to loosen restrictions on which institutions can call can themselves a bank. The move is set to undercut the power of the Big Four Banks, increase competition, and give more options to borrowers.
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.
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.